Global Yeast for Poultry Feed Market is projected to reach the value of $3.38 Billion by 2030

According to the report published by Virtue Market Research in   2023, the Global Yeast for Poultry Feed Market was valued at $2.32 Billion, and is projected to reach a market size of $3.38 Billion by 2030. Over the forecast period of 2024-2030, market is projected to grow at a CAGR of 5.5%. 

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The Global Yeast for Poultry Feed Market has been experiencing steady growth over the years, driven by various factors. One long-term market driver is the increasing demand for poultry products worldwide. Poultry meat and eggs are staple foods for many cultures and are considered affordable sources of protein. This sustained demand for poultry products is driving the need for high-quality feed, including yeast-based supplements, to enhance the health and productivity of poultry.

The COVID-19 pandemic has had a mixed impact on the Global Yeast for Poultry Feed Market. Initially, the market faced disruptions in supply chains and logistics due to lockdowns and restrictions on movement. However, as the poultry industry was deemed essential, it continued to operate, albeit with challenges. The pandemic highlighted the importance of maintaining a stable food supply chain, leading to increased focus on biosecurity and feed quality, including the use of yeast-based supplements to boost immunity and overall health of poultry.

In the short term, one market driver for the Global Yeast for Poultry Feed Market is the increasing trend towards organic and natural feed additives. Consumers are becoming more conscious about the quality of food they consume, leading to a growing demand for organic poultry products. This trend is driving the need for natural feed additives, such as yeast, which are perceived as safer and more sustainable alternatives to synthetic additives.

An opportunity in the Global Yeast for Poultry Feed Market is the growing demand for antibiotic-free poultry products. With increasing concerns about antibiotic resistance and the use of antibiotics in livestock farming, there is a growing trend towards antibiotic-free poultry production. Yeast-based supplements are seen as effective alternatives to antibiotics, as they can help improve gut health and boost immunity in poultry, reducing the need for antibiotics.

A trend observed in the industry is the growing use of advanced technologies in feed production. Manufacturers are increasingly adopting automation and digitalization in feed production to improve efficiency and quality. This trend is driving the development of new yeast-based feed additives that are more effective and consistent in their performance.

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Segmentation Analysis: 

The global Yeast for Poultry Feed Market segmentation includes: 

By Type: Yeast derivative, Spent Yeast, Live Yeast.

The largest segment in the Yeast for Poultry Feed Market by type is Yeast Derivatives. Yeast Derivatives accounted for the greatest market share and are projected to develop at the easiest CAGR of 5.70% throughout the forecast period. Yeast Derivatives are widely used in the food industry for their functional traits such as high nutritional value and the ability to partially replace salt for taste enhancement. The growing consumption of food products such as baked goods and dairy products is driving the demand for Yeast Derivatives in the global market.

The fastest-growing segment in the Yeast for Poultry Feed Market by type is Live Yeast. Live Yeast is projected to grow at a significant CAGR during the forecast period due to its benefits in poultry feed. According to the Department of Animal Biosciences, University of Guelph, Canada, the addition of yeast derivatives in poultry feed helps in ameliorating deleterious effects of Coccidiosis on intestinal health and function in broiler chickens. Live yeast and its derivatives can modulate coccidiosis and beneficially affect the recovery of the intestinal mucosal surface in chickens, driving the growth of the Live Yeast segment.

By Application: Poultry, Romanent, Swine, Aquatic, others.

The largest segment in the Yeast for Poultry Feed Market by application is Poultry. Poultry accounted for the biggest market share and is projected to develop at a CAGR of 5.39% at some point in the forecast period. Poultry, which includes chickens, ducks, turkeys, and geese, among others, has major commercial significance as there is a high demand for consumption worldwide. The growing production of poultry products in regions such as Asia Pacific, due to factors such as dietary changes, population growth, and rapid urbanization, is driving the demand for yeast in poultry feed.

The fastest-growing segment in the Yeast for Poultry Feed Market by application is Aquatic Animals. The demand for aquatic animal feed is increasing due to the growing consumption of seafood worldwide. Yeast is being increasingly used in aquatic animal feed for its benefits in improving growth performance, digestibility, and overall health of aquatic animals. The Asia Pacific region dominates the market for yeast in aquatic animal feed, driven by countries such as China, which has the largest live pig population in the world and a rapidly growing livestock industry.

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Regional Analysis: 

The largest region in the Yeast for Poultry Feed Market is Asia-Pacific. Asia-Pacific dominated the market with a revenue share of more than 31.00% in 2021. This dominance is attributed to the region's growing production of livestock products due to factors such as dietary changes, population growth, and rapid urbanization. China, in particular, has the largest live pig population in the world and has witnessed rapid growth in its livestock industry. The increasing demand for animal feed in China has boosted the market for yeast in poultry feed in the region. Additionally, countries like India and Indonesia are also experiencing significant growth in their livestock industries, further driving the demand for yeast in poultry feed in the Asia-Pacific region.

The fastest-growing region in the Yeast for Poultry Feed Market is Europe. Europe accounted for the second-largest revenue share in 2021, and it is expected to grow at a considerable rate during the forecast period. The growth in Europe is driven by the increasing consumption of processed foods, including meat and meat products, coupled with the growing livestock production in the region. Countries like the U.K., Germany, Italy, and France have witnessed a rise in meat consumption in recent years, leading to an increased demand for yeast in poultry feed. Additionally, the use of yeast extract in animal feed to enhance animal growth performance and digestibility is further driving the market growth in Europe.

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Latest Industry Developments: 

1. Focus on Product Innovation: Companies in the Global Yeast for Poultry Feed Market are increasingly focusing on product innovation to enhance their market share. Recent developments include the introduction of advanced yeast-based feed additives that offer improved health benefits for poultry. Collaborations and partnerships with research institutions and universities are helping companies develop new and more effective yeast-based products, giving them a competitive edge in the market.

2. Expansion into New Markets: To enhance their market share, companies are expanding into new markets, particularly in emerging economies. These markets offer significant growth opportunities due to increasing urbanization and a growing middle class with higher disposable incomes. Collaborations and partnerships with local distributors and manufacturers are helping companies establish a presence in these markets and capture a larger share of the market.

3. Focus on Sustainability: Companies in the Global Yeast for Poultry Feed Market are increasingly focusing on sustainability to enhance their market share. This includes sourcing raw materials from sustainable sources, reducing carbon emissions in production processes, and promoting responsible farming practices among their customers. Collaborations and partnerships with environmental organizations are helping companies improve their sustainability credentials, which is becoming increasingly important for consumers and regulators alike.