Feed Yeast Market: Introduction
The global feed yeast market is expanding rapidly due to a number of factors, including rising animal health concerns, the nutritional benefits of yeast-based animal feed, the enormous demand from the Asia-Pacific market, and strict pet care laws. The market is comprehensively evaluated in the study on the market. The research provides a thorough analysis of the market’s key segments, trends, drivers, restraints, competitive environment, and other important elements.
In animal feed, yeast is regarded as a key protein-rich component because it has the potential to convert cellulosic biomass, to use a non-food term, into significant protein resources. Due to its relative higher protein, amino acid, energy, and micronutrient content than other supplementary products, it is utilised as a supplement in animal feeds. In addition to improving feed intake and rumen bacterial population, feed yeast also aids cattle by lowering protozoa and methanogen populations. Animals such as pets like dogs, cats, and horses, as well as aquatic creatures, poultry, pigs, and ruminants, among others, need feed yeast to be healthy. Both dogs and cats can benefit from the flea control as well as the healthy skin, coat, and eyes.
Market Overview
Due to a number of factors, including rising animal health concerns, the nutritional benefits of yeast-based animal feed, the enormous demand from the Asia-Pacific market, and strict pet care regulations, the market is predicted to develop significantly in the years to come. It is also crucial to preserve the health of farm and companion animals, as well as to improve the nutritional value of their food. Because viruses can be transmitted to humans by aerial operations or even cattle consumption, vulnerable health conditions and animal diseases may have an effect on human life. Humans may experience major health issues if animal health is not adequately maintained.
Impact of COVID-19
The COVID-19 outbreak is currently affecting people all over the world. The current state of COVID-19 is most likely to have a negligible effect on the expansion of the feed yeast business. Shortages of labour, limits on international trade, and a decline in the demand for animal products are all expected to have an immediate effect on the availability and productivity of feed yeast. The market is thus anticipated to expand throughout the projected period as regulatory restrictions are anticipated to gradually loosen as many feed additive companies have started looking at alternatives to antibiotics.
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Global Feed Yeast Market: Major Players
- Alltech, Inc.
- Archer Daniels Midland Company
- Lesaffre Group
- Wester Yeast Company
- Leiber GmbH
- Lallemand, Inc.
- Associated British Foods plc
Segmentation:
Global Feed Yeast Market: Types
- Yeast Derivates
- Spent Yeast
- Live Yeast
Global Feed Yeast Market: Applications
- Livestock
- Aquatic
- Poultry
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