Market Size of North America Feed Yeast Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Feed Yeast Market Analysis
The North America feed yeast market is projected to register a CAGR of 3.3% during the forecast period 2020-2025. Feed yeast production in North America is driven by high per capita consumption of meat and consumer demand for nutrition rich meat products. Feed yeast is more cost-efficient when compared to other feed supplements and less harmful then antibiotics. The United States is the largest consumer of meat in the region, thus driving the demand for feed yeast, followed by Mexico and Canada. Mexico is an emerging market and factors like industrialization and rising incomes and increasing demand for meat, and in turn, driving demand for feed yeast in the country. The most common yeast species used in animal feed are the various strains of Saccharomyces cerevisiae. The poultry segment of the market accounts for the highest market share, closely followed by swine feed.
North America Feed Yeast Industry Segmentation
Yeast can be applied to both compound feed and home-based feed to varying degrees. For the purpose of this report, the yeast which is added to both these forms of feed has been considered to be part of the market scope. The end consumers of the market include compound feed mills. The North America Feed Yeast Market is segmented by Type (Live Yeast, Spent Yeast, and Yeast Derivatives), by Form (Dry, Instant, and Fresh), By Animal Type (Ruminants, Poultry, Swine, and Other Animal Types), in the countries like the United States, Canada, and Mexico.
| Type | |
| Live Yeast | |
| Spent Yeast | |
| Yeast Derivatives |
| Form | |
| Fresh | |
| Instant | |
| Dry |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Other Animal Types |
| Geography | |
| United States | |
| Mexico | |
| Canada | |
| Rest of North America |
North America Feed Yeast Market Size Summary
The North America feed yeast market is experiencing growth driven by the region's high per capita meat consumption and the increasing demand for nutritionally rich meat products. Feed yeast is favored for its cost-effectiveness compared to other feed supplements and its reduced reliance on antibiotics. The United States leads in meat consumption, significantly boosting the demand for feed yeast, followed by Mexico and Canada. The poultry segment dominates the market, with swine feed also holding a substantial share. The use of Saccharomyces cerevisiae strains is prevalent in animal feed, enhancing gut health and improving feed conversion ratios, which positively impacts meat yield. The market is further supported by rising awareness among farmers about the benefits of feed additives like yeast for animal productivity and health.
The growth of the North America feed yeast market is also fueled by factors such as population growth, increased disposable incomes, and rapid urbanization, which have heightened the demand for animal protein foods. The demand for high-quality meat and milk has led to a rise in compound feed consumption, with feed yeast being sought after for its functional benefits like pH balancing and fiber digestion enhancement. American farmers are adopting innovative livestock production techniques to meet the rising demand for animal meat, including shifting towards shorter-cycle species and increasing livestock numbers. The market is competitive, with major global and regional players investing in research and development to drive product innovation and capture market share.
North America Feed Yeast Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Live Yeast
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2.1.2 Spent Yeast
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2.1.3 Yeast Derivatives
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2.2 Form
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2.2.1 Fresh
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2.2.2 Instant
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2.2.3 Dry
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2.3 Animal Type
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2.3.1 Ruminants
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2.3.2 Poultry
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2.3.3 Swine
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2.3.4 Other Animal Types
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2.4 Geography
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2.4.1 United States
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2.4.2 Mexico
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2.4.3 Canada
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2.4.4 Rest of North America
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North America Feed Yeast Market Size FAQs
What is the current North America Feed Yeast Market size?
The North America Feed Yeast Market is projected to register a CAGR of 3.30% during the forecast period (2024-2029)
Who are the key players in North America Feed Yeast Market?
ADM Animal Nutrition, Nutreco NV, Alltech Inc., Lallemand Animal Nutrition and Leiber GmbH are the major companies operating in the North America Feed Yeast Market.
