Feed Yeast Market is on the verge of crossing USD 86.58 Billion in 2021 | Market Data Forecast
The Global Feed Yeast Market has been
estimated at USD 55.00 Billion in 2016 and is projected to reach USD 86.58
Billion by 2021, at a CAGR of 9.5% during the forecast period from 2016 to
2021.The various nutritional components of feed yeast help the animals to
metabolise proteins, lipids and carbohydrates. Feed Yeast stimulates the growth
of the infant and young in many animal species. It can also provide an
extensive protection of animals against diseases with the stimulation of the
immune system through yeast beta-glucans and mannans.
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Yeasts have been used in feed for many years.
Both the Bovine Spongiform Encephalopathy crisis (mad cow disease), and the
growing concern among customers about their diet have led to an increased use
of "clean “protein sources, such as Yeast, in animal feed. Leading
companies in the animal feed yeast market are continuously seeking new equipment
for manufacturing yeast with high nutritive value. Prominent livestock
industries are gradually using animal feed yeast for enhancing the diet of
animals.
Feed yeasts are cost efficient and less
harmful to the animals compared to other additives. They also act as nutritive
supplements. Moreover, ban on Antibiotic growth promoters in various parts
across the globe, Growth in Compound Feed Consumption and Increasing awareness
regarding animal nutrition are propelling the growth of the market. The high costs
associated with production, lack of awareness about the feed yeast benefits
among farmers mainly in the developing countries and Government regulations are
hindering the growth of the market.
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The global market for feed
yeast is segmented on the basis of type into Live yeast, Spent yeast &
Yeast derivatives. And on the basis of type of animals the market is analysed
for Swine, Poultry, Cattle, Aquatic animals, Pet animals & Others. The
poultry segment takes the largest market share for feed yeast trailed by the swine
segment.
Furthermore, on the basis of
geography the market is analysed under various regions namely, North America,
Europe, Latin America, Asia-Pacific and Middle-east & Africa. Europe and
Asia-Pacific regions constitutes to around 58% of the global feed yeast market
in 2016 with Asia-Pacific region showing highest growth rate in the forecast
period owing to the high growth in animal feed market.
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The growing demand for feed
yeast is forcing the global players to add this to their product offerings. To
benefit from this growth trend of global feed yeast market, several prominent
companies are taking initiatives in the development and manufacturing of feed
yeast. Some of the leading players in this industry include, Alltech, Angel
Yeast co., Ltd, Cargill Inc., Nutreco N.V., Lesaffre Group, Biomin GmbH and
ADM.
The scope of the report provides:
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evaluation of the current market for your product or services and the future
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Addresses
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growth rate analysis to forecast the market for the future
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Extensive
segmentation to understand the dynamics of market at a very granular level by
splitting down the market to the smallest segment
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Addresses
the key market dynamics involving the drivers, restraints and challenges with
an aim of providing insights for gaining market share
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The
factors responsible for the shaping of the industry as it is as a result of
competitive environment is analyzed through Porter’s Five Forces
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The
effects of political, economic, social, technological, legal and environmental
factors on the industry is analyzed through PESTLE analysis to better
understand the aspects of strategic management required to comply with the
exogenous and endogenous factors
·
Strategic
evaluation of the key players to gain insights of their performance allowing
access to their product portfolio, financial performance and the strengths of
their business strategic developments
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Comparative
study of the firms across the industry measuring their performances based on
market share and recent activities in order to achieve competitive intelligence
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industry
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