Animal Feed Inactive Yeast Market Growth 2024, Rising Trends, Revenue, Demand, CAGR Status, Challenges, Future Investment and Forecast till 2033: SPER Market Research
Yeast that has been heated or dried to a non-viable state is known as animal feed inactive yeast. It is frequently added to animal feed formulae to give animals nutritional advantages because it is rich in protein, B vitamins, and other nutrients.
Animal feed inactive yeast is available as flakes, pills, capsules, and powder. A solid that has been broken down into small, labile particles by crushing, grinding, or dissolving it is referred to as powder. It includes both traditional and organic varieties. It is used in many different applications, including aquaculture, pet food, swine, cattle, poultry, and more. It is distributed through both business-to-business (B2B) and business-to-consumer (B2C) channels.
According to SPER Market Research, ‘Animal Feed Inactive Yeast Market Size- By Form, By Application, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Animal Feed Inactive Yeast Market is estimated to reach USD 3.69 billion by 2033 with a CAGR of 5.43%.
Drivers:
Expanding Preference for Natural and Organic Products: As a result of consumer preferences for natural and organic products, there is a growing need for animal feed devoid of synthetic additives and genetically engineered organisms. Inactive yeast is a popular choice for organic animal feed because it is a sustainable and natural supply of vital nutrients. It’s a popular option for meeting the evolving demands of ethical consumers due to its natural characteristics.
Growing Understanding of Animal Health and Nutrition: There has been a noticeable rise in the emphasis on using inactive yeast to enhance and improve the quality of animal feed as understanding of the impact of nutrition on animal health has grown. The market for inactive yeast in animal feed is evidence of this. A balanced diet gives animals the energy they need to grow, develop, and breed. It also strengthens their immune systems, preventing disease.
Restraints:
Inactive yeast is so expensive, it has not been widely embraced in the animal feed market. Compared to other feed additives, inactive dry yeast can be more costly due to its nutrient-rich composition and need for a specialist production technique. Smaller farms and cost-conscious farmers may choose not to utilise it due to the increased expenditure, especially in places where profit margins are tight. Because of this, the high cost might keep it from becoming generally accessible and from growing in areas where access to affordable goods is a big problem. In order to achieve further commercial penetration, it will still be necessary to figure out how to weigh the product’s cost and nutritional benefits.
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The COVID-19 pandemic has negatively impacted the inactive yeast market for animal feed. Global poverty, food insecurity, and hunger all increased as a result of COVID-19. The manufacturer of inactive yeast for animal feed has major challenges because of limitations and delays in the supply chain. A number of factors forced farmers to hoard animal feed, including a shortage of transporters, fewer supplies, and workers contracting Covid-19. But following the outbreak, the market began to expand rapidly.
Europe dominates the industry thanks to its modern agriculture practices and rigorous animal nutrition regulations. European countries place a major emphasis on enhancing livestock health and productivity through the use of high-quality feed additives. The region’s well-established animal feed sector, combined with tight rules encouraging the use of natural and efficient feed additives, fuels demand for inactive yeast. Major players in the market are Lesaffre Group, Alltech, Angel Yeast Co., Ltd, Lallemand Inc, AB Mauri, ADM Animal Nutrition, and Others.
Animal Feed Inactive Yeast Market Segmentation:
By Form: Based on the Form, Global Animal Feed Inactive Yeast Market is segmented as; Powder, Granules, Liquid.
By Application: Based on the Application, Global Animal Feed Inactive Yeast Market is segmented as; Protein supplementation, Flavor enhancement, Digestibility improvement, Immune system support, Gut health enhancement, Others.
By Distribution Channel: Based on the Distribution Channel, Global Animal Feed Inactive Yeast Market is segmented as; Direct Sales to Farms, Distributors/Wholesalers, Online Retailers, Veterinary Clinics, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
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