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What Growth Rate is Predicted for the Animal Feed Inactive Yeast Market for 2024-2033?

In recent years, there has been significant growth in the animal feed inactive yeast market. The market size is predicted to increase from $154.61 billion in 2023 to $163.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The factors contributing to this progress during the historical period include a higher demand for superior animal nutrition, emphasis on livestock health and efficiency, transition to natural and sustainable feed additives, increased efforts for enhancing feed conversion effectiveness and an increased understanding about antimicrobial properties.

In the coming years, a consistent expansion is projected for the animal feed inactive yeast market, with an estimated growth to $196.63 billion in 2028, and a compound annual growth rate (CAGR) of 4.7%. This upsurge during the forecast period can be credited to a rising focus on intestinal wellness in animals, the development of the livestock sector, investigations into functional advantages and nutrient composition, regulatory backing for organic feed supplements, and integration into specialized and functional feeds. The forecast period will also see significant trends such as advancements in yeast production technology, industry collaborations and partnerships, regulatory support and adherence, and a concentration on monogastric and ruminant nourishment.

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What Drivers Are Enhancing the animal feed inactive yeast Market’s Growth?

The anticipated rise in meat consumption is forecast to spur the expansion of the animal feed inactive yeast market. As the term suggests, meat refers to the consumable muscular tissue of animals including mammals and birds eaten by humans. Inactive yeast for animal feed is a widely utilized ingredient in livestock cultivation, serving as a nutritional additive for animals. It is incorporated into animal feed mixtures to offer a range of advantages and enhance the overall well-being and productivity of livestock, thereby boosting meat quality. For instance, as per the Australian Bureau of Statistics, a governmental body based in Australia, beef production witnessed a rise of 11.3% by March 2023 to touch 524,335 tons. Moreover, mutton production saw an uptick of 31.8% to 58,662 tons. Consequently, the surging consumption of meat stimulates the demand for the animal feed inactive yeast market.

What Segments Are Central to the Animal Feed Inactive Yeast Market?

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

What Emerging Trends Are Influencing Animal Feed Inactive Yeast Industry Dynamics?

The growth of product innovation is a significant trend observed in the animal feed inactive yeast market. To maintain their market standing, major companies within this industry are focusing on creating novel products. For example, Lallemand Inc., an animal nutrition firm based in the United States, introduced YELA PROSECURE in March 2022. This specially formulated hydrolyzed yeast provides highly digestible and functional nutrients which enhance animal performance, aid in digestive care, and improve feed palatability, thereby aiding in balancing feed protein. This ground-breaking product relies on a managed hydrolysis process by incorporating specific exogenous enzymes into the biomass. This ensures high digestibility and functionality of nutrients, while ensuring consistent volume availability. Moreover, it boosts animal wellness by amplifying nutrient digestibility, enhancing intestinal health, mitigating disease risk, augmenting growth rates, and optimizing feed conversion efficiency.

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Which Geographic Locations Are Critical to the Growth of the Animal Feed Inactive Yeast Market?

Asia-Pacific was the largest region in the animal feed inactive yeast market in 2023. The regions covered in the animal feed inactive yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Animal Feed Inactive Yeast Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the animal feed inactive yeast market, its market share, and analyzes key competitors along with 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 Template 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

29. Appendix

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