The Europe Feed Yeast Market has been estimated at USD 12.65 Billion in 2016 and is projected to reach USD 19.55 Billion by 2021, at a CAGR of 9.10% during the forecast period from 2016 to 2021.
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Animal feed yeast are live micro-organisms as feed supplements for ruminants by feeding large amounts of beneficial microbes to livestock under stress or confronted with a disease challenge. Yeast product supplements can beneficially modify microbial activities, fermentative and digestive functions in the rumen.
Modern livestock industry practices inevitably increase the risk of clinical and subclinical enteric diseases. To deal with these challenges, yeast feed is an ideal option.
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The growth in compound feed consumption is driving the demand for feed yeast in European countries. Along with it, high per capita consumption of meat and consumer demand for nutrition rich meat products, Standardization and regulatory initiatives from the EU are affecting growth in the eastern and central parts of Europe.
The regulations imposed by Governments have pressure on the manufacturers to search for cheaper, safer and effective raw materials.
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The Europe market for feed yeast is segmented on the basis of type into Live yeast, Spent yeast & Yeast derivatives. And on the basis of type of animals the market is analysed for Swine, Poultry, Cattle, Aquatic animals, Pet animals & Others.
The poultry segment takes the largest market share for feed yeast trailed by the swine segment.
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Furthermore, on the basis of geography, the Europe market is analysed under various regions namely, Spain, Germany, UK, France, Italy. Europe market constitutes to around 23% of the global feed yeast market in 2016.
Europe is the second largest region in consumption of feed yeast and the market is expected to grow at the steady rate during the forecast period. The future of the feed yeast market in Europe is very bright due to the increasing focus of various governments on feed cost reduction and boosting animal productivity.
In Europe feed yeast market, several prominent companies are taking initiatives in the development and manufacturing of feed yeast. Some of the leading players in this industry include, Alltech, Angel Yeast co., Ltd, Cargill Inc., Nutreco N.V., Lesaffre Group, Biomin GmbH and ADM.
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