Feed yeasts are nutritive supplements which are added in the diet of animals. They are used for various purposes such as to enhance the growth of the animals, maintain their level, and improve immune system and digestibility of feed. Thus, they are added so as to rear a healthy livestock, which are used for consumption as meat and breeding. The important feed yeasts discussed are spent yeast, live yeast, and yeast derivatives. These yeasts are supplemented with feed in varying quantities, depending on the livestock as well as the surrounding environment, and the animals' nutritive needs.
Feed yeasts are less harmful to the animals than other supplement and act as nutritive supplements; these factors drive the demand for the feed yeast market. Crucial restraints of the industry are the production cost and health issues. However, the increasing use of feed compounds and mixes is creating opportunities for feed yeast. The manufacturers are developing innovative production techniques to increase production capacity and make it cost-efficient.
The global market for feed yeast, in terms of value, is estimated to be worth $444,827.9 million in 2014 and is expected to reach $701,764.4 million by 2019, growing at a CAGR of 9.5 percent from 2014 to 2019. The global market for feed yeast in terms of consumption is estimated to be worth 439,221.2MT in 2014. It is projected to reach 592,951.5KT by 2019, growing at a CAGR of 6.2 percent from 2014 to 2019. Leading manufacturers are focusing on expansion of their feed yeast business across regions and setting up a new plant so as to increase production capacity as well as strengthen their product line.
The market is segmented and revenue is projected on the basis of main regions such as North America, Europe, Asia-Pacific, Latin America and rest of the world ROW. The key countries are covered and their market is forecasted for each region. The market is segmented and revenue is forecasted on the basis of type, livestock, and geography.