Global Yeast Probiotic Ingredient for Animal Market – Industry Trends and Forecast to 2029

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Yeast Probiotic Ingredient for Animal Market Analysis and Size

Recently, major corporations have prioritised the use of probiotics or live yeast in pet food and new product launches, primarily because they are beneficial to health. Due to higher prices and high demand in developed countries, probiotic yeast products are gradually being introduced, which will broaden the scope of the yeast probiotic ingredient for animal market's growth.

Data Bridge Market Research analyses that the yeast probiotic ingredient for animal market which was valued at 1.40 billion in 2021 and is expected to reach the value of USD 2.39 billion by 2029, at a CAGR of 6.90% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

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Market Definition

Probiotics are live microorganisms with leaves that are added to foods to provide health benefits. Probiotic yeasts are non-pathogenic strains of the Saccharomyces cerevisiae genus. Due to the yeast's natural resistance to antibacterial antibiotics, probiotic yeast has been thought to be superior to probiotic bacteria.

Yeast Probiotic Ingredient for Animal Market Dynamics

Drivers

• Increased microbial research and development activities by manufacturers

Directly fed microbial are becoming an increasingly important part of the animal diet. Cattle owners, poultry farmers, pet owners, and others are quickly adopting it because it has been linked to numerous health benefits as well as improved performance. As a direct-fed microorganism, live yeast supplements are widely used to improve dairy cow health, performance, and milk production. Yeast culture can also help improve fermentation and digestion in the rumen, which is the stomach of ruminants. Increased microbial research and development activities by manufacturers also contribute to the development of novel yeast supplements for direct-fed microbiological, which increases demand for feed yeast in the animal feed industry.

• Growth in the global livestock consumptions

The livestock industry has been under increasing pressure in recent years to meet rising demand for meat and high-value animal protein. Global livestock consumption has increased as a result of population growth, rising incomes in developing countries, and urbanisation. Income and consumption of animal protein have been found to be directly correlated, with milk, meat, and eggs consumption increasing at the expense of staple foods. The market for feed probiotics is being driven by rising life expectancy, limited availability of land and water resources for animal feed production, and strong demand for animal-based protein sources.

Opportunity

On the other hand, growing animal health issues and rising popularity of meat and meat-related products will open up new opportunities for feed yeast probiotics market during the forecast period. Rapid technological advancements, rising investments in R&D for developing new ingredient formulations, and rising demand for cost-effective ingredients that provide better quality products and nutrition are expected to drive the global yeast probiotic ingredient for animal market.

Restraints

However, a lack of knowledge about the benefits of feed yeast will most likely stymie the growth of the yeast probiotic ingredient for animal market during the aforementioned time period. Furthermore, the commercialization of duplicate and low-quality products will pose a challenge to the growth of the yeast probiotic ingredient for animal market.

This yeast probiotic ingredient for animal market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the yeast probiotic ingredient for animal market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Yeast Probiotic Ingredient for Animal Market

The COVID-19 outbreak had a negative impact on the global poultry trade due to lockdown restrictions imposed to stop the virus's spread. During the pandemic, the supply chain disruption increased feeding costs and raw ingredient prices while decreasing availability, stifling industry growth and consumers' purchasing power. However, due to successful vaccination drives worldwide, the poultry industry is regaining its pre-COVID momentum, which has benefited business growth. Notably, the COVID-19 pandemic has increased consumer interest in improving immunity, which has pushed the feed industry to ensure the quality of feedstuffs and that they are pathogen-free and environmentally friendly. As a result, the increased emphasis on poultry health, immunity, and production has influenced product outlook positively.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In January 2019, Ohly (U.K.) and Lallemand (Canada) formed a strategic partnership to divest Ohly's Hutchinson Torula Yeast facility and associated Torula whole cell business in the United States. The long-term supply partnership between these companies aims to benefit Ohly by ensuring the site's long-term security.
• In January 2019, ADM acquired Neovia (Chicago), a global leader in value-added products and solutions for both production and companion animals. This acquisition would expand the existing portfolio with new products such as premixes, complete feed, ingredients, pet care solutions, aquaculture, additives, feed yeast, and amino acids.

Global Yeast Probiotic Ingredient for Animal Market Scope

Yeast probiotic ingredient for animal market is segmented on the basis of livestock, genus and product type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Livestock

• Ruminants
• Poultry
• Swine
• Aquatic Animals
• Pets
• Equine

Genus

• Saccharomyces Spp.
• Kluyveromyces Spp.
• Others

Product Type

• Live
• Spent
• Yeast derivatives

Yeast Probiotic Ingredient for Animal Market Regional Analysis/Insights

The yeast probiotic ingredient for animal market is analysed and market size insights and trends are provided by country livestock, genus and product type as referenced above.

The countries covered in the yeast probiotic ingredient for animal market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the yeast probiotic ingredient for animal industry as a result of the province's burgeoning market for meat commodities. Increased customer awareness of the depletion of protein-rich commodities is also fuelling the increase in geographical demand.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Yeast Probiotic Ingredient for Animal Market Share Analysis

The yeast probiotic ingredient for animal market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to yeast probiotic ingredient for animal market.

Some of the major players operating in the yeast probiotic ingredient for animal market are:

• Dow (U.S.)
• DuPont (U.S)
• BASF SE (Germany)
• Perstorp (Sweden)
• Eastman Chemical Company (U.S.)
• Niacet, A Kerry Company (U.S.)
• Macco Organiques Inc. (Canada)
• Mitsubishi Chemical Corporation (Japan)
• Hawkins (U.S.)
• ADDCON GmbH (Germany)
• Impextraco NV (Belgium)
• Kemin Industries, Inc. (U.S.)

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