Dry Yeast Market to Expand due to Surging Demand for Sustainable Pet Feeds, Future Market Insights

DUBAI, U.A.E, Aug. 3, 2020 /PRNewswire/ -- According to Future Market Insights, the dry yeast market will expand at 7.0% CAGR from 2020-2030.

Growth is underpinned by rising awareness about the importance of nutrition-enhanced animal foods. As pet ownership rises, consumers are looking for healthier food options. Dry yeast helps achieve this objective. They assist in improving digestion and reduce the risk of diseases.

More recently, veganism has dictated dietary preferences, owing to growing environmental degradation concerns posed due to production of animal-based foods. Additionally, vegan feeds are richer in nutritional content and improve feed quality. This shifting consumer trend is compelling manufacturers to incorporate dry yeast in animal feed production.

Palatability is an important factor while selecting animal feeds. Dry yeast helps in this regard by imparting an umami taste, thereby indulging the sensory experience of animals. Based on these trend, the dry yeast market will experience a major uptick across the aforementioned forecast period.

"Surging popularity of yeast-derived products is compelling manufacturing to diversify existing portfolios by introducing new products in collaboration with other players and expansion of their production capabilities," says an FMI analyst.

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Key Takeaways from FMI's Dry Yeast Market Report

• Active dry yeast shall be the most extensively used culture to enhance pet feeds in the forecast period
• Rising veganism trends are accelerating organic dry yeast usage
• Global dry yeast market shall surpass US$ 40 Mn by 2020-end
• Dry yeast market has transitioned from being a niche market to a mainstream market
• Europe shall emerge as a revenue powerhouse of the dry yeast market, attributed to surging awareness about healthy foods

Dry Yeast Market- Key Trends

• Rising preference for clean label ingredients by consumers shall underpin dry yeast market growth in the forecast period
• Humanization of pets is bolstering appetite for high quality and premium pet food options, providing traction to the dry yeast market
• Blanket ban on antibiotics usage in animal feeds is auguring demand for dry yeast as an effective substitute
• High prices of yeast-based feeds renders them unaffordable to low and middle-income consumers, restricting growth prospects

Dry Yeast Market- Regional-wise Analysis

• Europe to spearhead the global growth, with France & Germany being primary revenue generators
• Rising demand for clean label foods is stimulating the European dry yeast market growth
• North America accounts for over 1/5^th revenue share, exhibiting a CAGR of 6.1% from 2020-2030
• India accounts for 13% of the total dry yeast usage in animal feeds in the Asia-Pacific market

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Dry Yeast Market- Competitive Landscape

Prominent players in the dry yeast market include Bellarise, SAF Instant Yeast, ADY, Kerry Group, ADM, Sensient Technologies Corporation, Associated British Foods, Red Star Active Dry Yeast and Titan Biotech Ltd., to name a few. These players are concentrating on introducing new products to enhance their product portfolio.

Titan Biotech, for instance, manufactures the Yeast Extract Powder Type 1 for usage in non-alcohol based foodstuffs. Likewise, ADM Animal Nutrition introduced yeast protein for animals in 2018. Recently, in 2020, it also launched the NutriPass L encapsulated lysine supplement for bovine animals, especially for lactating cows and growing cattle.

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Dry Yeast Market Taxonomy

Product Type

• Active Dry Yeast
• Inactive Dry Yeast

Form

• Powder
• Flakes
• Tablet Capsule

Base

• Fortified
• Unfortified

Nature

• Organic
• Conventional

Sales Channel

• B2B
• B2C
• Modern Trade
• Specialty Stores
• Convenience Store
• Online Retail
• Other Sales Channel

Region/Country

North America

• U.S
• Canada

Latin America

• Brazil
• Mexico
• Argentina
• Rest of Latin America

Europe

• EU-5
• BENELUX
• Russia
• Poland
• Rest of Europe

South Asia

• India
• Pakistan
• Sri Lanka

East Asia

• China
• Japan
• South Korea

Oceania

• Australia
• New Zealand

Middle East & Africa

• GCC
• Turkey
• South Africa
• Rest of MEA

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Get Valuable Insights into the Dry Yeast Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global dry yeast Market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the dry yeast market, allowing readers to glean qualitative and quantitative information which will enable them to take informed market decisions in the upcoming forecast period.

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SOURCE Future Market Insights