Pet feed yeast market will reach at an estimated value of USD 900.1 million and is expected to grow at a CAGR of 4.20% in the forecast period 2021 to 2028. Rising meat consumption is the major factor driving the growth of pet feed yeast market in the forecast period of 2021-2028.
Yeast is defined as microorganisms which is also known as single-celled fungi. Yeast has numerous numbers of species and is used in food applications such as sauces, snacks, seasoning, bakery products, and alcohol among others. Feed yeast is generally applied in ruminants since they are considered to be the most developed market for live yeast usage.
Increase in the demand from the additives application is the vital factor escalating the market growth, also rising concerns related to animal health, increasing benefits associated with the product and rising consumption of nutritional and dietary supplements all over the globe are the major factors among others driving the growth of pet feed yeast market. Moreover, rising modernization and rising consumption of dairy products, rising research and development activities in the market, rising innovations in the animal feed industry and rise in demand for pet food nutrition will further create new opportunities for pet feed yeast market in the forecast period of 2021- 2028.
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Scope of the Pet Feed Yeast Market Report:
Pet feed yeast market is segmented on the basis of product, type and end-use vertical. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- Based on mode of product, the pet feed yeast market has been segmented into fresh, dry and instant.
- On the basis of type, the pet feed yeast market is segmented into dry and liquid.
- The pet feed yeast market is also segmented on the basis of end-use vertical into food & beverages, pharmaceutical, breweries, nutraceutical manufacturers.
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The major players covered in the pet feed yeast market report are Associated British Foods plc, Lesaffre, Leiber GmbH, Cargill, Incorporated, AngelYeast Co., Ltd., Lallemand Inc., F.L. EMMERT, BIOMIN HOLDING GMBH, ADM, DSM, Oriental Yeast Co., ltd., Kothariyeast.in, Chr. Hansen Holding A/S, Bruchem Inc, Synergy Flavors and Scandinavian Formulas among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Pet Feed Yeast Market Regional Analysis/Insights
The Pet Feed Yeast market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Pet Feed Yeast market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Pet Feed Yeast within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Pet Feed Yeast market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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