HYDERABAD, India, March 11, 2016 /PRNewswire/ --
Nutrico and Cargill Eyeing for Significant Share in Direct-Fed Microbials (DFM) Market - Mordor Intelligence
Mordor Intelligence announces the publication of the report on global feed yeast market. The report titled "Global Feed Yeast Market" is segmented based on type, animal type and geography-trends and forecasts for the forecast period of 2015 -2020. The report explains the current landscape and outlook of the market in detail.c
The global feed yeast market, estimated at USD 607.16 million in 2015, is projected to reach USD 947.3 million by 2020, with a compound annual growth rate (CAGR) of 9.3% percent during the forecast period 2015-2020.
Yeast in animal feed is a proven method to induce growth, better the immunity and enhance the digestibility of the animals. Saccharomyces cerevisiae is the most common species of yeast used in the animal feed industry. Yeast products used in animal feed are classified under the broad industry of DFM (direct-fed microbials), which include: live yeast (Saccharomyces cerevisiae), products containing S. cerevisiae with or without lie organisms and other fungal additives based on Aspergillus niger and Aspergillus oryzae.
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The Asia-Pacific and Europe regions are the major consumers of feed yeast, followed by North America, South America and Africa. With growth rates in excess of 9%, the market for feed yeast products in these regions are driven by the demand from emerging countries such as China and India. The quality and safety of meat are crucial for European consumers. The rising consumption of meat and the subsequent growing demand for nutrition-rich meat products coupled with growing industrialization are the key factors that drive market growth.
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The ban on antibiotic growth promoters has created a vacuum in nutritional sources that can be used in commercial livestock production. Given their nature as a cost-effective nutritional additive, the market for yeast-based feeds has been witnessing tremendous growth. The increased focus on feed utilization and improving digestive health in animals are the major factors driving this market. The overall growth in compound feed consumption and the growth in mass livestock production are also boosting this market.
The market is segmented based on the type of yeast and the type of animal. Dry yeast is the most prominent type, followed by live cell yeast, yeast derivatives, spent yeast and others. Poultry occupies the leading market share, followed by swine, ruminants, aquaculture, pets, and others.
Some of the major players in the market are Nutreco N.V., Lesaffre Group, Cargill Inc., Biomin GmbH, ADM and Alltech.
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