The Middle East and Africa feed yeast market is expected to be valued at USD 0.07 billion in 2023 and is projected to reach USD 0.09 billion by 2028, growing at a CAGR of 6.20% during the forecast period.
Feed Yeast stimulates the growth of the infant and young in many animal species. They are nutritive supplements that are added to the diet of animals. Yeast product supplements can beneficially modify microbial activities fermentative and digestive functions in the rumen.
As the feed yeasts are cost efficient and less harmful to the animals compared to other additives, many farmers started preferring it. Also, a high increase in per capita consumption of animal products is subsequently increasing the demand for animal feed yeasts. These are some of the factors that are driving the feed yeast market there.
But there is still a lack of awareness that’s prevalent amongst the farmers about the pros of using animal feed yeast, for which there is not much of a demand in this region. Because of this, the market share of this area is lesser compared to other regions, as the market in this region is progressing slowly.
The Middle East and Africa feed yeast market is segmented and sub-segmented into the following categories:
Middle-East and Africa Feed Yeast Market - By Type:
Middle-East and Africa Feed Yeast Market - By Animals Type:
The poultry segment takes the largest market share for feed yeast, trailed by the swine segment.
Middle-East and Africa Feed Yeast Market – By Country:
The Middle East and Africa region constituted around 10% of the global feed yeast market in 2016, as it is growing at a slower rate compared to other regions in the forecast period.
KEY MARKET PLAYERS:
In the Middle East and Africa 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 Middle East and African feed yeast market is expected to be valued at USD 0.07 billion in 2023.
The Middle East and Africa feed yeast market is expected to reach a growth value of USD 0.09 billion by 2028, growing at a CAGR of 6.20% during the forecast period from 2023 - 2028.
The poultry segment takes the largest market share for feed yeast, trailed by the swine segment.
The Middle East and Africa region constituted around 10% of the global feed yeast market in 2016, as it is growing at a slower rate compared to other regions in the forecast period.
In the Middle East and Africa 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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