Yeast Extracts For Animal Feed Market Size, Share, Growth Analysis, By Application(Poultry, swine, ruminants, aquatic animals), By Form of Yeast extracts(Powder, paste, liquid, and others), By Source of Yeast extract(Baker yeast, Brewers yeast, and others), By Region - Industry Forecast 2024-2031

Yeast Extracts for Animal Feed market size was valued at USD 319.46 billion in 2022 and is poised to grow from USD 342.17 billion in 2023 to USD 592.77 billion by 2031, at a CAGR of 7.11% during the forecast period (2024-2031).

The yeast extracts for the animal feed industry is fiercely competitive, with a multitude of companies operating within the market. These companies provide a diverse range of yeast extract products that cater to the specific dietary requirements of various animal species, including cattle, swine, and poultry. The market is characterized by intense rivalry regarding product quality, distribution, and pricing. One of the main drivers of competition in this market is the escalating demand for premium quality animal feed products. Consumers are increasingly aware of the influence of animal feed on the safety and quality of animal-based food products. As a result, animal feed manufacturers are under pressure to produce high-quality feed that conforms to the highest safety and quality standards. This has created a need for high-quality yeast extracts that can enhance the nutritional value of animal feed and promote the general health and well-being of animals. Moreover, competition in this market is also intense in terms of pricing. With many players operating within the market, manufacturers are constantly exploring strategies to offer competitive pricing without compromising on product quality. Consequently, there is a trend of consolidation within the market, with larger companies acquiring small businesses to benefit from economies of scale and reduced production costs. 'Lesaffre Group', 'Kerry Group plc', 'Angel Yeast Co., Ltd.', 'Alltech, Inc.', 'Lallemand Inc.', 'ADM Animal Nutrition', 'AB Mauri India Pvt. Ltd.', 'Novus International, Inc.', 'Biovet JSC', 'Oriental Yeast Co., Ltd.', 'Biorigin', 'Titan Biotech Ltd.', 'Dalian Xinghe Yeast Co., Ltd.', 'Amano Enzyme Inc.', 'Danstar Ferment AG', 'Biomin Holding GmbH', 'Chr. Hansen A/S', 'Koninklijke DSM N.V.', 'Ohly GmbH', 'Huvepharma AD'

There are growing concerns about the overuse of antibiotics in animal feed, which has led to the development of antibiotic-resistant bacteria. Antibiotic resistance is a serious threat to both animal and human health, as it can make infections more difficult to treat and lead to increased mortality rates. As a result, there is a growing need for alternative solutions to promote animal health and reduce the reliance on antibiotics. Yeast extracts are a natural alternative to antibiotics that have been shown to possess antimicrobial properties. These properties can help to inhibit the growth and proliferation of harmful bacteria, without affecting the beneficial microorganisms in the animal's digestive system. This not only promotes animal health but also reduces the risk of creating antibiotic-resistant strains of bacteria. By using yeast extracts in animal feed, producers can reduce the need for antibiotics and promote a more sustainable and responsible approach to animal health. This can benefit both animal and human health by reducing the risk of antibiotic resistance and ensuring the safety of animal products for human consumption.

The trend towards using plant-based animal feed is growing, driven by concerns around sustainability, environmental impact, and potential health benefits. Yeast extracts offer a way to enhance the taste and nutritional value of plant-based animal feed, making them an attractive and viable alternative to traditional animal feed. The environmental impact of animal agriculture, particularly the production of animal feed, is a growing concern for many consumers. Plant-based animal feed offers a more sustainable alternative, as it requires less land, water, and other resources to produce. Additionally, plant-based animal feed can potentially reduce greenhouse gas emissions and help combat climate change. In addition to its sustainability benefits, plant-based animal feed can also offer potential health benefits. For example, some studies have suggested that a plant-based diet for livestock can improve animal health and reduce the risk of certain diseases. Yeast extracts, with their ability to enhance the nutritional value of plant-based animal feed, can play an important role in supporting animal health.

In 2021, Asia Pacific was the dominant region in the Yeast Extracts For Animal Feed market, accounting for a revenue share of more than 31.00%. The growth in this region can be attributed to various factors, including dietary changes, population growth, and rapid urbanization, which have led to an increase in the production of livestock products. Moreover, Asia Pacific is one of the major pig-breeding regions, requiring a high quantity of animal feed. China, in particular, has the largest live pig population in the world.