February 19, 2025 – The global yeast extracts for animal feed market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period from 2024 to 2032. This expansion is driven by the rising recognition of the nutritional benefits of yeast extracts in animal diets and ongoing research and development efforts.
Key Highlights:
- The yeast extracts for animal feed market is expected to grow at a CAGR of 7.2% from 2024 to 2032.
- Increasing recognition of nutritional benefits and ongoing R&D are key market drivers.
- The application sector, including aquaculture and poultry breeding, is anticipated to experience significant growth.
- The North American region is set to witness substantial growth during the forecast period.
Market Scope and Overview:
The yeast extracts for animal feed market encompasses the utilization of yeast extracts to enhance animal nutrition across various applications and animal types. The market analysis focuses on applications such as aquaculture and poultry breeding, and animal types including pigs, cows, sheep, and fish. The market is influenced by regional preferences, regulatory landscapes, and economic conditions.
Market Drivers and Opportunities:
- Driver: Rising Recognition of Nutritional Benefits: The increasing awareness of the positive impacts of yeast extracts on animal health, growth, and performance is driving market growth.
- Opportunities: Ongoing Research and Development: Ongoing R&D efforts to diversify and optimize yeast extract formulations for specific animal types and production purposes are creating market growth opportunities.
Impact of COVID-19:
The COVID-19 pandemic impacted the market through supply chain disruptions, but also highlighted the importance of resilient food supply chains and drove the adoption of advanced nutritional solutions like yeast extracts.
Segmentation Analysis:
- Application Sector: This sector, including aquaculture and poultry breeding, is anticipated to grow significantly, driven by the benefits of yeast extracts in growth promotion, nutrition, disease resistance, and feed efficiency.
Regional Analysis:
The North American region is projected to witness significant growth, driven by diverse agricultural practices, regulatory compliance, technological advancements, and economic factors.
Competitive Landscape:
The yeast extracts for animal feed market is competitive, with key players engaged in product innovations and strategic partnerships. Major players include Lallemand Inc., Garzanti Specialties S.p.A., AngelYeast Co., Ltd., and others.
Scope of the Report:
This report provides a comprehensive analysis of the yeast extracts for animal feed market, segmented by application (aquaculture, poultry breeding), type (pig, cow, sheep, fish), and region (North America, Europe, Asia Pacific, Rest of the World).
