The feed yeast market in Europe is expected to be valued at USD 0.18 billion in 2023 and is projected to reach USD 0.28 billion by 2028, growing at a CAGR of 9.10% during the forecast period from 2023 to 2028.
Animal feed yeast are live microorganisms that are used as feed supplements for ruminants by feeding large amounts of beneficial microbes to livestock under stress or confronted with a disease challenge. Yeast product supplements can beneficially modify microbial activities fermentative and digestive functions in the rumen. Modern livestock industry practices inevitably increase the risk of clinical and subclinical enteric diseases. To deal with these challenges, yeast feed is an ideal option.
The growth in compound feed consumption is driving the demand for feed yeast in European countries. Along with it, high per capita consumption of meat and consumer demand for nutrition-rich meat products, Standardization and regulatory initiatives from the EU are affecting growth in the eastern and central parts of Europe. The regulations imposed by Governments put pressure on manufacturers to search for cheaper, safer, and more effective raw materials.
This market research report on the Europe feed yeast market is segmented and sub-segmented into the following categories.
Europe Feed Yeast Market - By Type:
Europe Feed Yeast Market - By Type of Animals:
The poultry segment takes the largest market share for feed yeast, trailed by the swine segment.
Europe Feed Yeast Market – By Regions:
The European market constituted around 23% of the global feed yeast market in 2018. Europe is the second largest region in consumption of feed yeast and the market is expected to grow at a steady rate during the forecast period. The future of the feed yeast market in Europe is very bright due to the increasing focus of various governments on feed cost reduction and boosting animal productivity.
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 European feed yeast market is expected to be valued at USD 0.18 billion in 2023.
Europe's feed yeast market is expected to be valued at USD 0.28 billion by 2028, growing at a CAGR of 9.10% during the forecast period from 2023 to 2028.
The poultry segment takes the largest market share for feed yeast, trailed by the swine segment.
The European market constituted around 23% of the global feed yeast market in 2018. Europe is the second largest region in consumption of feed yeast and the market is expected to grow at a steady rate during the forecast period.
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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