MARKET REPORT 82 FEED & ADDITIVE MAGAZINE July 2024 nutrient absorption, and overall animal welfare, the adoption rate in the feed yeast market will increase. Another key factor directing the market is legal restrictions on the use of antibiotic growth promoters. These restrictions are encouraging the search for alternative feed additives that can maintain or improve animal health and performance without the potential downsides of antibiotics. The ability of yeast to replace antibiotics, reduce costs by increasing feed efficiency, and improve animal growth rates contribute significantly to the growth of the feed yeast market. In addition to these, the demand for poultry feed, which is the most common feed type in which yeast is used, is another factor contributing to the growth of the market. This is because there is a significant increase in demand for poultry products worldwide and investments in the poultry sector are increasing in line with this demand. With the increase in poultry population and demand for poultry feed, the use of feed yeast is expected to continue to increase. FACTORS LIMITING MARKET GROWTH While the global feed yeast market is experiencing significant growth, there are factors that could potentially restrict this, such as ensuring consistent product quality, raw material competition and legal legislations. According to researchers, ensuring consistent quality and performance of feed yeast is a key barrier that could restrict market growth. Changes in raw materials such as molasses or sugar can affect nutrient availability and ultimately affect yeast growth and productivity during fermentation as well. Fluctuations in fermentation conditions such as temperature, pH and oxygen levels can affect yeast metabolism and product characteristics, leading to inconsistencies. The feed yeast industry also faces competition for raw materials such as molasses and sugar, which are also used in other food and industrial applications. Fluctuations in the price and availability of these raw materials can lead to cost pressures for feed yeast producers. Strict government regulations on import, export, production, and labelling of yeast products may also pose a barrier to entry for new players and limit the overall growth of the market. Moreover, regulations regarding the use of certain additives in animal feed may affect the demand for certain types of feed yeast. MARKET SITUATION BY ANIMAL TYPE Poultry feed is the most widely used feed group, as yeast plays a crucial role in the growth and productivity of poultry. According to a report by Mordor Intelligence, the poultry segment accounted for 45.1% of the global feed yeast market in 2022. This is followed by swine feed with 25% share. The antimicrobial performance of yeast on toxins in the gut, enhances intestinal health and increases feed efficiency, which causes these two animal feed segments to stand out in the use of yeast. In addition, consumer demand for poultry products and increasing investments in the poultry industry indicate that growth in this segment will be noteworthy in the coming years. In ruminants, yeast's ability to enhance digestion of plant-based feed and lead to improved gut health and overall growth draws attention. Some analysts predict that due to these properties, the use of yeast in ruminant feed will be much higher in the coming years, with the ruminant segment accounting for the highest market share in the feed yeast market. Aquaculture also holds significant potential for the
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