The feed yeast market in the Asia-Pacific has been estimated at USD 0.28 billion in 2023 and is projected to reach USD 0.46 billion by 2028, growing at a CAGR of 10.50% during the forecast period from 2023 to 2028.
Feed yeasts are used for various purposes, such as to enhance the growth of the animals, maintain their level, and improve the immune system and digestibility of feed. Yeast product supplements can beneficially modify microbial activities fermentative and digestive functions in the rumen.
Asia-Pacific populations have created a preference for nutrition-rich meat, which subsequently raised the need for high quality feed for the animals. This was observed to be achieved by employing feed yeast, which was found to be a better option as a nutritive supplement and, furthermore, favorable due to their less harmful nature. Thus, the market in the Asia-Pacific region is continuously growing.
High costs associated with production and lack of awareness among farmers about the benefits of feed yeast are some of the factors that can constrain market growth in the Asia-Pacific region.
This research report on Asia-Pacific feed yeast market is segmented and sub-segmented into the following categories:
Asia-Pacific Feed Yeast Market - By Type:
Asia-Pacific Feed Yeast Market - By Type of Animals:
The poultry segment takes the largest market share for feed yeast, trailed by the swine segment.
Asia-Pacific Feed Yeast Market – By Country:
Furthermore, on the basis of geography, the market is analyzed under various regions, namely India, China, Japan, Philippines & Australia. Asia-Pacific regions constituted around 35% of the global feed yeast market in 2016 and are showing the highest growth rate in the forecast period owing to the high growth in the animal feed market. The Asia-Pacific region is the top producer of feed yeast globally, followed by Europe. A considerable spike in per capita meat consumption was witnessed in developing countries such as China and India, which was aided by the rapid industrialization of the meat sector in the region.
KEY MARKET PLAYERS:
Alltech, Angel Yeast Co., Ltd, Cargill Inc, Nutreco N.V., Lesaffre Group, Biomin GmbH, ADM. Some of the major key players are involved in the European feed yeast market.
Frequently Asked Questions
The current size of the Asia-Pacific feed yeast market is 0.28 billion USD in 2023.
The APAC feed yeast market is expected to be valued at USD 0.46 billion by 2028, growing at a CAGR of 10.50% during the forecast period from 2023 to 2028.
The poultry segment takes the largest market share for feed yeast, trailed by the swine segment.
Alltech, Angel Yeast Co., Ltd, Cargill Inc, Nutreco N.V., Lesaffre Group, Biomin GmbH, ADM. Some of the major key players are involved in the European feed yeast market.
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