Nutritional Yeast Market Size, Share, Global Opportunities, Development, Growth, Regional Trends, and Industry Outlook 2028
Nutritional Yeast Market Size – USD 1.9 Billion in 2020, Industry Growth – at 5.1% CAGR, Market Trends – Growing Concern Over Animal Health and Feed Quality
The global nutritional yeast market size is expected to reach $ 2.65 billion by 2028 at a CAGR of 5.1%, according to a new report from Reports and Data. Yeast belongs to the kingdom of fungi, has been widely used in several food compounds or home pet foods to aid digestion in animals and to improve their gut health. Adding yeast to poultry feed helps increase feed conversion rate, resulting in a positive impact on white meat yield. In addition, it is observed that a combined form of yeast and probiotics having a potential impact on the productivity and weight gain of animals. Live yeast is mainly preferred in home pet foods, produced from different sources such as soybeans and corn, other forms of yeast are becoming popular in compound feed.
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In addition, the growing awareness of animal health management on a global scale is promoting the growth of the industry. The European Union has banned the use of any antibiotic growth promoter in farm animals, resulting in a high demand for yeast products for use in animal feed, further supporting the expansion of the market . However, increasing competition for essential and adequate raw materials is limiting the growth of the sector.
The impact of COVID-19: The current pandemic scenario is expected to impact the growth of the nutritional yeast industry. The increasing consumption of various animal products and the growing concerns about maintaining animal health are increasing the demand in the market. However, the labor shortage due to the COVID situation, the restrictions on international trade and the reduction in the consumption of livestock products have a short-term impact on the supply as well as the production of feed yeast. during COVID-19.
The main manufacturers of the nutritional yeast industry are Archer Daniels Midland (United States), Associated British Foods PLC. (UK), Alltech Inc. (US), Angel Yeast Co. Ltd. (China), Cargill, Incorporated (United States), Lesaffre (France) and Chr. Hansen (Denmark).
Other key findings from the report
- Yeast is extremely common and a large amount is found in the environment. A few of them are different and isolated from various natural products including fruits, honey, water, soil, leaves, flowers and stems. Many food ingredients like hay, silage, and grains also contain yeast.
- Technological innovations in the animal feed sector have enabled industrialists in the industry to offer a range of innovative products in the food additives and animal nutrition segments. For example, a Canadian company, Canadian Bio-Systems Inc. has pioneered innovative feeding technology with huge benefits for the feed / livestock industry.
- The use of probiotic yeast in ruminant feed has increased milk yield and improved animal health. Likewise, in pigs, yeast stimulates an instant immune response to reduce the entry of several pathogens into their bodies, while minimizing the risk of post-weaning diarrhea.
- Growing focus on industrializing animal feed production in Asia-Pacific, resulting in growing demand for meat or meat products. The growing awareness among farmers regarding supplementing optimal nutrition to various farm animals further propels the growth of the industry in this region.
For the purpose of this report, Reports and Data has segmented the global nutritional yeast market on the basis of Product Type, Livestock, Gender, and Region:
Type Outlook (Revenue, Billions USD, 2018 – 2028)
1.1 Study objectives
Chapter 2. Research methodology
2.1 Research data
Chapter 3. Executive summary
Chapter 4. Premium Previews
Chapter 11. Company Profiles
11.1 Associated British Foods Plc.
Figure 39 Related British Foods: Company Snapshot
Figure 40 Associated British foods: Swot analysis
11.2 Archer Daniels Midland Company
Figure 41 Archer Daniels Midland Company: Company Overview
Figure 42 Archer Daniels Midland Company: Swot Analysis
11.3 Alltech inc.
Figure 43 Cargill: Company Overview
Figure 44 Cargill: Swot Analysis
11.5 Nutreco SA
11.6 Lesaffre Group
Figure 45 Lesaffre: Swot analysis
11.7 Lallemand inc.
Figure 46 Lallemand: Swot analysis
11.8 Novus International
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