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Asia-Pacific feed yeast market Research Report – Segmented By Type, Animals Type, And Region (India, China, Japan, South Korea, Australia, New Zealand and Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis, on Size, Share, Trends, COVID-19 Impact And Growth Forecasts (2023 to 2028)

Published: March, 2023
ID: 353
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia-Pacific Feed Yeast Market (2023 to 2028)

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:

  • Live yeast
  • Spent yeast
  • Yeast derivatives

Asia-Pacific Feed Yeast Market - By Type of Animals:

  • Swine
  • Poultry
  • Cattle
  • Aquatic animals
  • Pet animals
  • Others

The poultry segment takes the largest market share for feed yeast, trailed by the swine segment.

Asia-Pacific Feed Yeast Market – By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

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.

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FAQ's

what is the current size of the APAC feed yeast market?

The current size of the Asia-Pacific feed yeast market is 0.28 billion USD in 2023.

what is the expected growth value of the APAC feed yeast market?

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. 

which segment dominating highly in the APAC feed yeast market?

The poultry segment takes the largest market share for feed yeast, trailed by the swine segment.

what are the key market involved in the APAC feed yeast market?

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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