3-June -2019: The global brewer’s yeast market size is
expected to reach USD 5.22 billion by 2025 at an 8.0% CAGR during the forecast
period, according to a new report by Grand View Research, Inc. Growing demand
for by-products in animal feed is likely to augment market size.
Demand for feed supplements is
anticipated to exhibit high growth over the coming years, on account of
increasing awareness regarding proper animal nutrition and feed supplements.
Use of natural additives and ingredients is becoming more widespread in animal
feed, which will also aid in market growth. In addition, health benefits
associated with brewer’s yeast, such as increasing animal well-being,
production abilities, and enhancing intestinal flora, are driving product
consumption in animal feed formulations. Animal feed brewer’s yeast is expected
to support farmers in meeting this increased demand among consumers, thereby
elevating the scope of the market. Research and development activities carried
out by market players to provide consumers with efficient products are also
expected to boost market growth.
Leading market players are
channelizing their efforts for the development of new products and technologies
with the help of advanced methods to effectively and efficiently manufacture
yeast strains. On account of this, yeast and specialty yeast products are
gaining importance among market players across the world. These companies are
adopting and implementing various strategic plans to manufacture yeast and
specialty yeast products.
Asia Pacific is the
fastest-growing market for brewer’s yeast globally. The region is one of the
largest animal feed producers in the world, which is expected to play a key
role in boosting the utilization of brewer’s yeast-based animal feed in this
region. China, India, and Japan are the major animal feed producers in Asia Pacific.
Moreover, rising production of swine feed in emerging economies such as
Indonesia and Vietnam is expected to have a positive impact on the market over
the forecast year.
In
depth research report on Brewer’s Yeast Market
Further
key findings from the report suggest:
· By
type, the dry yeast segment is anticipated to reach a market volume of 667 kilo
tons by 2025, at a CAGR of 7.8% from 2018 to 2025
· On the
basis of application, the feed supplement segment dominated the global brewer’s
yeast market in 2017, with a revenue share of nearly 60.0%
· U.S.
has been one of the largest importers of brewer’s yeast, globally; in 2013, the
country imported over 38.9 kilo tons of brewer’s yeast, which has increased to
a valuation of 144.2 kilo tons as of 2017
· Countries
in Asia Pacific, most notably India, Indonesia, and China, are expected to
observe commendable growth over the forecast period. In terms of revenue, the
India brewer’s yeast market is anticipated to reach USD 164.8 million by 2025
· The
global industry is characterized by capacity expansions, mergers and
acquisitions, and substantial investments to improve the market share of
manufacturers.
· Some of
the prominent companies in the industry are Nutreco N.V.; Cargill Inc.;
Lesaffre Group; Archer Daniels Midland Company; and Associated British Food
Plc.
Grand View Research has
segmented the global brewer’s yeast market report on the basis of type,
application, and region:
Brewer’s
Yeast Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2025)
· Dry
· Liquid
Brewer’s
Yeast Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 -
2025)
· Feed
Supplements
· Food
Supplements
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
