The feed yeast market in North America is expected to be valued at USD 0.17 Billion in 2023 and is projected to reach USD 0.27 Billion by 2028 at a CAGR of 9.36% during the forecast period from 2023 to 2028.
Feed yeasts are nutritive supplements that are added to the diet of animals. They 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. Prominent livestock industries are gradually using animal feed yeast to enhance the diet of animals. Live yeast products are mostly used in the feed grades of animals, particularly active dry yeast followed by yeast culture.
North America's feed yeast market is driven by a high per capita consumption of meat and consumer demand for nutrition-rich meat products, which is why there is a high demand for feed yeast. The growth in compound feed consumption is, in turn, driving the demand for feed yeast. Crucial restraints of the industry are the health issues, high costs associated with the production, lack of awareness about the feed yeast benefits among farmers, mainly in developing countries, and Government regulations that are hindering the growth of the market.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022 to 2028 |
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Base Year |
2022 |
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Forecast Period |
2023 to 2028 |
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CAGR |
9.36% |
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Segments Covered |
By Type, Type of Animal, Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
The U.S., Canada, Rest of North America |
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Market Leaders Profiled |
Alltech (based in the USA) Angel Yeast Co., Ltd Cargill Inc Nutreco N.V Lesaffre Group Biomin GmbH ADM |
This market research report on the North American feed yeast market is segmented and sub-segmented into the following categories.
North America Feed Yeast Market - By Type
North America Feed Yeast Market - By Type of Animal
The poultry segment takes the largest market share for feed yeast, trailed by the swine segment. Live cell yeast is the fastest-growing segment in the market.
North America Feed Yeast Market - By Region
North America constituted around 20% of the global feed yeast market in 2018, growing at the same pace as the global market. Canada accounts for a 14% share of the North American feed yeast market. The feed yeast industry in Canada is showing a healthy growth trend due to increasing meat exports as well as rising domestic consumption in the country.
KEY MARKET PLAYERS:
Alltech (based in the USA), Angel Yeast Co., Ltd, Cargill Inc, Nutreco N.V., Lesaffre Group, Biomin GmbH, ADM. Some of the major key players involved in the North American feed yeast market.
Frequently Asked Questions
The current size of the North American feed yeast market is expected to be valued at USD 0.17 Billion in 2023.
The North American feed yeast market is expected to be valued at USD 0.27 billion by 2028 at a CAGR of 9.36% during the forecast period from 2023 to 2028.
The poultry segment takes the largest market share for feed yeast, trailed by the swine segment. Live cell yeast is the fastest-growing segment in the market.
Canada accounts for a 14% share of the North American feed yeast market. The feed yeast industry in Canada is showing a healthy growth trend due to increasing meat exports as well as rising domestic consumption in the country.
Alltech (based in the USA), Angel Yeast Co., Ltd, Cargill Inc, Nutreco N.V., Lesaffre Group, Biomin GmbH, ADM. Some of the major key players involved in the North American feed yeast market.
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