The Latin America feed yeast market has been estimated at USD 0.11 billion in 2024 and is anticipated to reach USD 0.18 billion by 2029, growing at a CAGR of 10.20% during the forecast period from 2024 to 2029.
Yeast is a single-celled fungus. Their highly absorptive cell envelope might bind toxic materials. The vitamins that they produce might be stimulatory to ruminal micro-organisms. 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.
Prominent livestock industries are gradually using animal feed yeast to enhance the diet of animals. Growth in compound feed consumption by animals due to a high increase in per capita consumption of meat is driving the feed yeast market in Latin America.
However, due to strict government regulations on the products, manufacturers are under pressure, and due to less awareness about the pros of animal feed yeast, market growth can be hindered.
The poultry segment takes the largest market share for feed yeast trailed by the swine segment.
Latin America market constitutes to around 12% of the global feed yeast market in 2018. The market in Latin America is slowly emerging into the global scenario due to increasing awareness amongst the farming community about the benefits of animal feed yeasts.
In the Latin America feed yeast market, several prominent companies are taking initiatives in the development and manufacturing of feed yeast. Some of the leading players in this industry include Alltech, Angel Yeast co., Ltd, Cargill Inc., Nutreco N.V., Lesaffre Group, Biomin GmbH and ADM.
Frequently Asked Questions
The current size of the Latin America feed yeast market is USD 0.1 billion in 2023.
The Latin American feed yeast market's expected growth value at USD 0.16 billion by 2028, growing at a CAGR of 10.20% during the forecast period from 2023 to 2028.
The poultry segment takes the largest market share for feed yeast, trailed by the swine segment.
Latin America market constitutes to around 12% of the global feed yeast market in 2018. The market in Latin America is slowly emerging into the global scenario due to increasing awareness amongst the farming community about the benefits of animal feed yeasts.
In the Latin America feed yeast market, several prominent companies are taking initiatives in the development and manufacturing of feed yeast. Some of the leading players in this industry include Alltech, Angel Yeast co., Ltd, Cargill Inc., Nutreco N.V., Lesaffre Group, Biomin GmbH and ADM.
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