Global Swine Feed Probiotic Yeast Market, By Genus (Saccharomyces Spp., Kluyveromyces Spp., Others) Product Type (Live, Spent, Yeast Derivatives) Form (Dry, Instant, Fresh) – Industry Trends and Forecast to 2029.
Swine Feed Probiotic Yeast Market Analysis and Size
Recently, major corporations have prioritized 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 feed probiotic yeast market's growth.
Data Bridge Market Research analyses that the swine feed probiotic yeast market which was valued at 1.27 billion in 2021 and is expected to reach the value of USD 1.93 billion by 2029, at a CAGR of 5.40% 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.
Swine Feed Probiotic Yeast Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Genus (Saccharomyces Spp., Kluyveromyces Spp., Others) Product Type (Live, Spent, Yeast Derivatives) Form (Dry, Instant, Fresh)
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Countries Covered
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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, Israel, Egypt, South Africa, 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
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Market Players Covered
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Chr. Hansen A/S (Denmark), DSM (Netherlands), Lallemand Inc. (Canada), Lesaffre (France), DuPont (U.S.), Novozymes A/S (Denmark), Ohly (Germany), Calpis Co., Ltd. (Japan), Land O'Lakes, Inc. (U.S.), Evonik Industries AG (Germany), Alltech (Nicholasville), Mitsui Group (Japan), ADM (U.S.), Kemin Industries, Inc. (U.S.), Orffa (Netherlands), Uniquebiotech (India), Pure Cultures (U.S.), Provita Eurotech Ltd (U.K.)
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Opportunities
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Market Definition
Probiotics are live microorganisms with leaves 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 to be superior to probiotic bacteria.
Global Swine Feed Probiotic Yeast Market Dynamics
Drivers
- Growing adoption of direct fed microbial in the feed industry
Directly fed microbial are becoming an increasingly important part of the animal diet. Swine owners, and others are quickly adopting it because it has been linked to numerous health benefits and improved performance. As a direct-fed microorganism, live yeast supplements are widely used to improve swine’s health, performance, and milk production. Yeast culture can also help improve fermentation and digestion. Manufacturers' increased microbial research and development activities also contribute to developing 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 recently to meet the rising demand for meat and high-value animal protein. Global livestock consumption has increased due to population growth, rising incomes in developing countries, and urbanization. Income and consumption of animal protein are directly correlated, with milk, meat, and eggs consumption increasing at the expense of staple foods. The feed probiotics market is driven by rising life expectancy, limited availability of land and water resources for animal feed production, and strong demand for animal-based protein sources.
Opportunities
On the other hand, growing animal health issues and the 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 feed probiotic yeast market.
Restraints
Rising antibiotic usage for animal feed by livestock growers and increased competition for basic raw material are acting as market restraints for the growth of the swine feed probiotic yeast market during the forecast period. The availability of low-quality products will be the most significant challenge to market growth.
This swine feed probiotic yeast 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 swine feed probiotic yeast market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Swine Feed Probiotic Yeast Market
The COVID-19 outbreak had a negative impact on the global livestock 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.
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 Feed Probiotic Yeast Market Scope
Swine feed probiotic yeast market is segmented on the basis of genus, form 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.
Genus
- Saccharomyces Spp.
- Kluyveromyces Spp.
- Others
Product type
- Live
- Spent
- Yeast derivatives
Form
- Dry
- Instant
- Fresh
Swine Feed Probiotic Yeast Market Regional Analysis/Insights
The swine feed probiotic yeast market is analysed and market size insights and trends are provided by country livestock, genus, form and product type as referenced above.
The countries covered in the swine feed probiotic yeast 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, Israel, Egypt, South Africa, 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.
Asia-Pacific dominates the swine feed probiotic yeast market due to rising meat demand and the imposition of antibiotic bans to promote the livestock sector.
North America is expected to grow during the forecast period due to the region's increasing adoption of microbial sources in the animal nutrition industry.
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 Swine Feed Probiotic Yeast Market Share Analysis
The swine feed probiotic yeast 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 swine feed probiotic yeast market.
Some of the major players operating in the swine feed probiotic yeast market are:
- Chr. Hansen A/S (Denmark)
- DSM (Netherlands)
- Lallemand Inc. (Canada)
- Lesaffre (France)
- DuPont (U.S.)
- Novozymes A/S (Denmark)
- Ohly (Germany)
- Calpis Co., Ltd. (Japan)
- Land O'Lakes, Inc. (U.S.)
- Evonik Industries AG (Germany)
- Alltech (Nicholasville)
- Mitsui Group (Japan)
- ADM (U.S.)
- Kemin Industries, Inc. (U.S.)
- Orffa (Netherlands)
- Uniquebiotech (India)
- Pure Cultures (U.S.)
- Provita Eurotech Ltd (U.K.)
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