MARKET REPORT FEED & ADDITIVE MAGAZINE July 2024 83 feed yeast market. Growing demand for seafood consumption, particularly in Asia-Pacific and South America, is driving the production of feed for aquaculture. Some countries are focusing on expanding aquaculture production to meet consumer demand. With all these developments, the need to maintain and improve the performance of aquatic life is considered as a significant opportunity for the feed yeast market. Analysts predict that this segment will witness significant growth in the global feed yeast market in the upcoming years. MARKET GROWTH ON REGIONAL BASIS The global feed yeast market is segmented into various regions, each with unique demands for feed yeasts. The growth of these regions is driven by various factors such as size of the animal population, the level of industrialisation of animal husbandry, and consumer preferences for animal products. The Asia-Pacific region is the most important potential market for feed yeast, as for many feed additives. According to a report by Mordor Intelligence, the region is the world's largest feed yeast market with a market share of 31.4% in 2022. North America and Europe follow with market shares of 25.4% and 23.5% respectively. Asia-Pacific's higher share is due to the increase in demand for animal proteins, focus on solutions to improve productivity to meet this demand, higher penetration rates of additives, large animal populations, particularly poultry, and increasing feed production volumes. North America, particularly the US, is considered to be the fastest growing country/region in the feed yeast market as a result of commercial animal husbandry and the adoption of new production methods on animal farms. Europe, which is considered to be the third largest market for feed yeast, has strict regulations on animal feed safety and quality, it also encourages the use of well-researched and proven feed additives such as yeast. Technologically advanced livestock production systems that prioritize animal health and performance are widespread in the region. In addition, high quality meat products raised with responsible practices are increasingly demanded by European consumers. Researchers state that these factors are encouraging the use of feed yeast in the market. The Middle East is a region that attracts attention with increasing investments especially in poultry production. The increase in the poultry population is expected to increase the demand for feed yeast. Sources: 1. Feed Yeast Market Size & Share Analysis - Industry Research Report - Growth Trends (mordorintelligence.com) 2. In-Depth Industry Outlook: Feed Yeast Market Size & Forecast (verifiedmarketresearch.com) 3. Global Feed Yeast Market Industry Growth Analysis 2022-2028 (precisionbusinessinsights.com) 4. Global Feed Yeast Market – Industry Reports (researchreportsworld.com) 5. Feed Yeast Market Size, Share, Growth Report | 2024 to 2029 (marketdataforecast.com) • AB Mauri • ABF Ingredients - Ohly • ADM • Alltech • Angel Yeast • Associated British Foods • Cargill • Devenish Nutrition • Dsm-firmenich (Biomin) • Enzym Group • Evonik • Futuresun Group • Heforma • ICC Brazil • Innovad • Kemin Industries • Kerry Group • Lallemand • Leiber GmbH • MicroBioGen • Novonesis (Chr. Hansen & Novozymes) • Novus International • Nutreco (Selko – Trouw Nutrition) • Orffa • Pacific Ethanol • Phibro Animal Health • Phileo by Lesaffre • Titan Biotech • Zilor (Biorigin) SOME FEED YEAST SUPPLIERS IN THE WORLD:
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