Understand How The Animal Feed Inactive Yeast Market Is Set To Grow In Through 2023-2032
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The global animal feed inactive yeast market is on a trajectory of significant growth, projecting a rise from $145.95 billion in 2022 to $154.61 billion in 2023 at a CAGR of 5.9%. Looking ahead, the market is anticipated to reach $186.81 billion in 2027, sustaining a CAGR of 4.8%. This surge is driven by various factors, with increasing meat consumption emerging as a primary catalyst.
- Livestock Nutrition Boosting Meat Quality
- Animal feed inactive yeast is a crucial nutritional supplement in livestock production.
- Improves overall health and performance of animals, directly enhancing meat quality.
- Noteworthy case: In March 2023, Australian beef production rose by 11.3%, reaching 524,335 tons, indicating a tangible correlation between feed supplements and meat production.
Key Players Shaping the Market Landscape
In this dynamic landscape, key players play a pivotal role in steering the industry’s trajectory. Notable entities include Cargill Inc., The Archer-Daniels-Midland Company, Novozymes A/S, and Chr. Hansen Holding A/S, among others. The presence of these industry giants emphasizes the global nature of the animal feed inactive yeast market.
- Industry Leaders
- Cargill Inc., The Archer-Daniels-Midland Company, Novozymes A/S, and Chr. Hansen Holding A/S are major contributors.
- Diverse range of companies, from multinational corporations to specialized entities like AB Enzymes GmbH and Feed One Co. Ltd.
Innovation Driving Market Competitiveness
A key trend shaping the animal feed inactive yeast market is relentless innovation. Major companies are leveraging research and development to introduce groundbreaking products, ensuring they stay ahead in this competitive landscape.
- Product Innovation
- In March 2022, Lallemand Inc. introduced YELA PROSECURE, a hydrolyzed yeast designed to enhance animal performance and digestive care.
- Uses controlled hydrolysis and selected enzymes for improved nutrient digestibility and functionality.
- YELA PROSECURE benefits animals by boosting nutrient digestibility, improving gut health, reducing disease risk, increasing growth rates, and enhancing feed conversion efficiency.
Segmentation: Understanding Market Dynamics
To comprehend the nuances of the animal feed inactive yeast market, segmentation is key. The market is divided based on form, nature, sales channel, and application.
- 1) By Form
- Powder, Flakes, Tablet, Capsule
- 2) By Nature
- Organic, Conventional
- 3) By Sales Channel
- Business-To-Business (B2B), Business-To-Consumer (B2C)
- 4) By Application
- Poultry, Swine, Cattle, Aquaculture, Pet food, Other Applications
Asia-Pacific Leading the Charge
In 2022, Asia-Pacific emerged as the largest region in the animal feed inactive yeast market. This prominence signifies the region’s pivotal role in driving the market forward.
- Regional Dominance
- Asia-Pacific leading in market share highlights the region’s growing influence in the global market.
- Reflects the increasing demand for animal feed inactive yeast in the rapidly expanding economies of the region.
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The Animal Feed Inactive Yeast Global Market Report 2023 provides an overview of the animal feed inactive yeast market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The animal feed inactive yeast market forecast analyzes animal feed inactive yeast market size, animal feed inactive yeast market share, leading competitor and their market positions.
The Table Of Content For The Animal Feed Inactive Yeast Market Include:
1. Animal Feed Inactive Yeast Market Executive Summary
2. Animal Feed Inactive Yeast Market Segments
3. Animal Feed Inactive Yeast Market Size And Animal Feed Inactive Yeast Market Growth Rate
4. Key Animal Feed Inactive Yeast Market Trends
5. Major Animal Feed Inactive Yeast Market Drivers
25. Key Mergers And Acquisitions In The Animal Feed Inactive Yeast Market
26. Top Animal Feed Inactive Yeast Companies
27. Animal Feed Inactive Yeast Market Opportunities And Strategies
28. Animal Feed Inactive Yeast Market, Conclusions And Recommendations
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