Overview and Scope
Swine feed probiotic yeast refers to living microorganisms that improve the swine’s health by altering the gut microbiota which is used as feed additives for pigs. Swine feed probiotic yeast is used in pig feed to enhance pig performance and feed effectiveness while lowering the environmental impact of pig farming.
Sizing and Forecast
The swine feed probiotic yeast market size has grown strongly in recent years. It will grow from $1.4 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to scientific validation of benefits, industry adoption and success story, shift away from antibiotic growth promoters, research on gut health in swine, awareness of feed efficiency.
The swine feed probiotic yeast market size is expected to see strong growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to research and development investments, market expansion in emerging economies, demand for natural feed additives, expansion in swine production, focus on animal welfare and health. Major trends in the forecast period include growth in livestock production, rising focus on gut health, demand for natural alternatives, technological advancements in probiotics, regulatory support for feed additives.
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Segmentation & Regional Insights
The swine feed probiotic yeast market covered in this report is segmented –
1) By Product Type: Live, Spent, Yeast Derivatives
2) By Genus: Saccharomyces Spp., Kluyveromyces Spp., Other Genuses
3) By Form: Dry, Instant, Fresh
Asia-Pacific was the largest region in the swine feed probiotic yeast market in 2023. The regions covered in the swine feed probiotic yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growth in livestock consumption is expected to propel the growth of the swine feed probiotic yeast market going forward. Livestock refers to farm animals with the exception of poultry such as cattle, sheep, pigs, goats, horses, donkeys, mules and other animals. Swine feed probiotic yeast is used to improve pig gut intestinal health by lowering pathogen loads and boosting their immune systems which lower the need to use antibiotics in swine feed which mitigates antimicrobial resistance and makes consumption of pork meat safer for the public. For instance, according to the organization for economic co-operation and development (OECD) a France-based intergovernmental organization with the goal of stimulating economic progress and world trade, the consumption of pork meat increased from 106.279 million tons in 2020 to 108.775 million tons in 2021 and consumption of beef meat increased from 70.882 million tons in 2020 to 71.451 million tons in 2021. Therefore, the growth in livestock consumption is driving the swine feed probiotic yeast market.
Key Industry Players
Major companies operating in the swine feed probiotic yeast market are developing new organic yeast strain to gain a competitive edge in the market. Organic yeast strain refers to a specific variety of yeast that is cultivated, processed, and used in a manner compliant with organic farming practices and standards. For instance, in January 2023, Lallemand Health Solutions inc., a Canada-based probiotics manufacturing company, launched an exclusive organic version of Saccharomyces boulardii, a probiotic yeast strain. It is a probiotic yeast strain that has been widely used in animal feed, including in pig production, due to its beneficial effects on animal growth performance and health. The product is positioned to meet the growing demand for natural and organic choices, with 63% of consumers expressing a preference for 100% natural food and drink products. This probiotic yeast is produced with carefully selected organic raw ingredients, emphasizing its alignment with organic agriculture and biodiversity protection. The new organic S. boulardii is available in powder form, suitable for use in organic dietary supplements, with research supporting its stability and viability.
The swine feed probiotic yeast market report table of contents includes:
- Executive Summary
- Swine Feed Probiotic Yeast Market Characteristics
- Swine Feed Probiotic Yeast Market Trends And Strategies
- Swine Feed Probiotic Yeast Market – Macro Economic Scenario
- Global Swine Feed Probiotic Yeast Market Size and Growth
- Swine Feed Probiotic Yeast Market Segmentation
- Swine Feed Probiotic Yeast Market Regional And Country Analysis
………….
- Key Mergers And Acquisitions In The Swine Feed Probiotic Yeast Market
- Swine Feed Probiotic Yeast Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Swine Feed Probiotic Yeast Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Swine Feed Probiotic Yeast Market, Segmentation By Genus, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Swine Feed Probiotic Yeast Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Chr. Hansen A/S Financial Performance
Table 75: Koninklijke DSM N V Financial Performance
Table 76: Archer Daniels Midland Financial Performance
Table 77: Alltech Financial Performance
Table 78: Kemin Industries Inc. Financial Performance
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