MARKET REPORT FEED & ADDITIVE MAGAZINE July 2024 81 the antimicrobial activity of the gut and promoting animal growth by improving gut microbiota. FEED YEAST MARKET AND FORECASTS The global feed yeast market has witnessed significant growth in recent years due to the positive impact of feed yeast cultures on animal health and productivity. According to a report published by Mordor Intelligence, feed yeasts accounted for 3.1% of the global feed additives market in 2022. The company estimates that the global feed yeast market size today (2024) is approximately USD 1.48 billion. The analysts forecast the market to grow at a CAGR of approximately 4.85% between 2024 and 2029, reaching a market size of USD 1.87 billion by 2029. According to a similar forecast by Research Reports World, the global feed yeast market reached USD 1.65 billion in 2023, and will be growing at a CAGR of 4.9% to reach USD 2.31 billion by 2030. Precision Business Insights points to a higher market value in its report on global feed yeast. In 2023, the company estimates the market size to be at USD 2.29 billion, which will reach USD 2.39 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. Precision Business Insights forecasts that growth will continue at a CAGR of 5% in the following years and the total market value will reach USD 3.21 billion in 2030. Verified Market Research (VMR) forecasts that the global feed yeast market size will reach USD 3.15 billion in 2031, up from an estimated size of USD 2.08 billion in 2024. VMR reveals that growth will occur at a CAGR of 5.30% during the forecast period 2024-2032. Another high estimate for the market size belongs to analysts at Market Data Forecast. In the company's report, the global feed yeast market size is estimated to be at USD 2.21 billion for 2024. Forecasting an annual growth rate of 5.1% for the 20242029 period, the company estimates that the total market value will reach USD 2.83 billion in 2029. All the reports we have evaluated reveal that the global feed yeast market is showing positive signs of growth. With an average calculation based on the data from these 5 reports, it is possible to estimate that the global feed yeast market will have a size of USD 1.98 billion in 2024, grow at a CAGR of 5.3% between 2024 and 2030 and reach a size of USD 2.79 billion in 2030. This represents a significant opportunity for stakeholders in the feed yeast market. FACTORS SUPPORTING MARKET GROWTH Increasing consumer demand for animal proteins, combined with increasing animal population and growth of the animal feed industry, is leading the growth of the feed yeast market. The benefits of feed yeast on animal health and productivity, as well as growing awareness about these benefits is leading to the widespread use of yeast in feed and encouraging the future growth of the market. Analysts believe that if more information is provided to animal producers about the positive impact of yeast on gut health,
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