A recent report published by Infinium Global Research on yeast extract for the animal feed market provides an in-depth analysis of segments and sub-segments in the global as well as regional yeast extract for the animal feed market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional yeast extract for the animal feed market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of global yeast extract for the animal feed market. According to the report, the global yeast extract for animal feed market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
The global yeast extract for animal feed market was valued at about USD xx billion in 2022 and is expected to reach nearly USD xx billion in 2028, with a CAGR of over xx% during the forecast period. The movement in consumer preferences toward employing materials with natural origins in animal feed is what is driving up demand for the product. The market is characterized by the presence of numerous well-known industrial firms that have solidified their regional presence. Additionally, it is very reliant on the global movement of end-use applications. Additionally, the incorporation of yeast extracts in the composition of various animal feed products may be motivated by the growing trend of components that are safer alternatives to hazardous additives. The increasing usage of yeast extract to increase the palatability of animal feed is expected to further drive the growth of the market.
Increased demand for a natural and abundant source of minerals, amino acids, and proteins, is driving the market growth. Yeast extracts are utilized as an active component in many culinary applications because they are abundant sources of proteins, vitamins, and minerals. Growing demand for ingredients alternative to toxic additives is expected to drive the market growth. Increasing demand for broiler meat is growing the demand for toxic additives. Furthermore, the Development of biodegradable products by utilization of bio-based raw materials will create lucrative growth opportunities. Additionally, the regulatory constraints surrounding the use of yeast extracts as components or flavoring agents in food and feed products are limiting the market's ability to expand. The potential advantages of yeast extracts over their GMO counterparts, however, are likely to eliminate this restriction in the near future. The establishment of production facilities for yeast extract and other infrastructure comes with large upfront costs, which is preventing the market from expanding. However, Rising concerns regarding the harmful effects of chemical-based feed are restraining the growth of the market.
Asia Pacific, Europe, North America, and the rest of the world are the regions where the worldwide market for yeast extracts for animal feed is present. These areas are further divided into groups based on which countries are bringing in trade. Because of the region's high rate of livestock product output, Asia Pacific has become the market for yeast extracts for animal feed that generates the most revenue. The highest rates of pig and cow breeding, among other animals, are produced in nations like China and India. In the upcoming years, Asia Pacific will face stiff competition from the European market.
The report on global yeast extract for the animal feed market covers segments such as application. On the basis of application, the sub-markets include poultry, swine, cattle, and aquaculture.
The report provides profiles of the companies in the market such as Leiber, Alltech, Biorigin, Ohly, Phileo by Lesaffre, AngelYeast Co., Garzanti Specialties S.p.A., Titan Biotech, AB Mauri, and Lallemand.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of yeast extract for the animal feed market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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