Animal Feed Yeast Market Trends

Growth Drivers

• Boost in Infectious Livestock Disease - Animals are suffering from a large number of infectious diseases all around the world. Owing to which the production of milk or meat or any kind of agricultural activity is estimated to restrain. Moreover, the spread of infectious diseases also has an adverse effect on human being. For instance, around two million people per year, mostly in low- and middle-income countries, pass away from neglected zoonotic diseases. Hence, to enhance animal health and performance, farmers and ranchers are looking for natural technologies and substances. In addition, there is growing pressure to achieve these objectives with a minimal or zero use of antibiotics. Therefore, the demand for yeast is estimated to boost.

• Growing Ownership of Cattle- As of 2021, there were over 92 million cows and calves living in the United States, roughly maintaining the level from the previous year.

• Rise in Fish Farming - There were over 57 million fish farmers and fishermen in the globe as of 2020. Hence, the demand for yeast is growing. Fish diets with yeast have enhanced growth rates and general intestinal health. According to a recent study that was published in the journal Aquaculture Reports, in 2021, adding 4 g of S cerevisiae to every kilogramme of aquafeed increased growth and feed utilization. The study team also discovered that adding yeast to Nile tilapia diets altered the intestinal architecture of the fish. Hence, the market is expected to grow over the forecast period.

• Surge in Demand for Meat - It is anticipated that between 450 million and an about 560 million tons of meat would be consumed worldwide by 2050.

• Upsurge in Milk Production - In the fiscal year 2021, around 200 million metric tons of milk were produced, an increase from about 190 million metric tons in the prior year in India. From the previous year, the nation's milk production increased by approximately 4 percent.

Challenges

• Lack of Awareness Among Farmers Regarding Yeast Consumption
• Availability of Substitutes - One of the main factors limiting the growth of the yeast business for animal feed applications is the accessibility of substitutes for feed. The widespread use of substitute feed sources, including soybeans, insects, and others, across numerous industry verticals is impeding product penetration.
• Growing Government Regulations on Import & Export