The Yeast Probiotic Ingredient For Animal by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Yeast Probiotic Ingredient For Animal , The yeast probiotic ingredient for animal market size has grown rapidly in recent years. It will grow from $5.53 billion in 2023 to $6.13 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to discovery of probiotic benefits, rise in concerns about antibiotic, research and development, industry adoption and validation, regulatory support and approvals.
The yeast probiotic ingredient for animal market size is expected to see rapid growth in the next few years. It will grow to $9.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to market penetration in developing regions, research and development investments, consumer preference for natural products, regulatory support and guidelines, expansion in livestock production.. Major trends in the forecast period include growing demand for antibiotic alternatives, focus on gut health in livestock, regulatory shifts and compliance, demand for natural feed supplements, expansion in livestock production.
Growing demand for eggs and poultry meat is expected to propel the growth of yeast probiotics for animal market going forward. Poultry meat refers to the edible portion of any domesticated avian species, such as chicken, turkey, duck, geese, Japanese quail and guinea fowl. Probiotics are used as an additive in poultry feed, which helps the poultry farm animals disease-free and boosts their immunity to produce more eggs and meat. For instance, in April 2023, according to the report published by the United States Department of Agriculture (USDA), an US-based federal agency responsible for overseeing agriculture, food, and rural development, the consumption of chicken meat rose from 17,164 metric tons in 2021 to 17,674 metric tons in 2022. Thus, increased demand for eggs and poultry meat is driving the growth of yeast probiotics for animal market.
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The yeast probiotic ingredient for animal market covered in this report is segmented –
1) By Product Type: Live, Spent, Yeast Derivatives
2) By Genus: Saccharomyces Spp, Kluyveromyces Spp, Other Genera
3) By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Pets, Equine
Product innovation is the key trend gaining popularity in the yeast probiotic ingredient for animal market. Major companies operating in the swine feed probiotic yeast market are focusing on improving feed use efficiency on the probiotic yeast they are offering for swine feed. For instance, in January 2023, Phileo by Lesaffre, a France-based provider of animal welfare and performance solutions based on live yeasts, bacteria and yeast products launched Actisaf Sc 47 HR+ probiotic yeast for swine feed and poultry feed. The unique Actisaf Sc 47 HR+ microspherule shape was developed to provide inherent resistance to combined temperature, friction and moisture in pelleting feed without the requirement for foreign material coating
The yeast probiotic ingredient for animal market report table of contents includes:
1. Executive Summary
2. Yeast Probiotic Ingredient For Animal Market Characteristics
3. Yeast Probiotic Ingredient For Animal Market Trends And Strategies
4. Yeast Probiotic Ingredient For Animal Market – Macro Economic Scenario
5. Global Yeast Probiotic Ingredient For Animal Market Size and Growth
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26. South America Yeast Probiotic Ingredient For Animal Market
27. Brazil Yeast Probiotic Ingredient For Animal Market
28. Middle East Yeast Probiotic Ingredient For Animal Market
29. Africa Yeast Probiotic Ingredient For Animal Market
30. Yeast Probiotic Ingredient For Animal Market Competitive Landscape And Company Profiles
Top Major Players:
- Chr. Hansen A/S
- Koninklijke DSM N V
- DuPont de Nemours Inc.
- Evonik Industries AG
- Mitsui & Co. Ltd
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