Feed Yeast Market Size to Grow by $ 547.14 mn During 2021-2025

Technavio has been monitoring the feed yeast market and it is expected to grow by $ 547.14 mn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Feed Yeast Market: APAC to lead market growth during the forecast period

• 30% of the market growth will originate from APAC during the forecast period.
• The growing demand for meat and poultry is one of the critical feed yeast market trends contributing to market growth.
• Factors such as the growing population, increasing per capita income, and rising consumption of meat products have fueled the demand for meat, especially in growing economies, such as India. Feed additives and nutrients such as feed yeast help in enhancing the nutritional value of the meat sourced from animals and birds.
• The growing demand for feed additives owing to rise in disease outbreaks in livestock will be a significant factor in driving the growth of the feed yeast market.

Feed Yeast Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, Cargill Inc., ForFarmers NV, Futuresun Group Co. Ltd., Kemin Industries Inc., Lallemand Inc., Lesaffre & Cie, and Nutreco NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Feed Yeast Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive feed yeast market growth during the next five years
• Precise estimation of the feed yeast market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the feed yeast market industry across Europe, APAC, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of feed yeast market vendors