Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Form (Dry, Fresh, Instant), By Types (Yeast Derivatives, Spent Yeast, Live Yeast), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Pet Animals, Other Livestock) And Competitive Landscape
Product Code: ETC389965 | Publication Date: Aug 2022 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Africa Feed Yeast Market |
Forecast period | 2024-2030 |
CAGR | 8.2% |
Growing Sector | Livestock |
The Africa Feed Yeast market report thoroughly covers the market by form, by type, by livestock and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Feed Yeast Market is anticipated to grow from approximately USD 320 million in 2024 to around USD 570 million by 2030, achieving a compound annual growth rate (CAGR) of about 8.2% during this period. This growth is driven by the increasing demand for high-quality animal feed to enhance livestock health and productivity, coupled with the rising awareness of the benefits of yeast as a natural feed additive. The growing livestock and aquaculture sectors, along with the emphasis on sustainable farming practices, are further propelling the demand for feed yeast in Africa. Additionally, innovations in yeast products and formulations are expected to play a significant role in expanding the market through 2030.
The Africa Feed Yeast Market is experiencing robust growth, driven by increasing demand for animal feed and the rising awareness of the benefits of yeast in enhancing livestock health and productivity. Feed yeast, known for its high nutritional value and probiotic properties, is increasingly used to improve feed efficiency and boost immune systems in animals. The market is supported by the expanding livestock sector, growing agricultural practices, and advancements in feed technology.
Key factors contributing to this growth include the rise in meat consumption, the need for sustainable agricultural practices, and the development of innovative yeast products tailored for different animal species. As the sector evolves, there is a strong focus on improving feed quality and optimizing animal performance, positioning Africa as a significant player in the global feed yeast industry.
According to 6Wresearch, Africa Feed Yeast market size is projected to grow at a CAGR of 8.2% during 2024-2030. The growth of the Africa Feed Yeast Market is primarily driven by the increasing demand for high-quality animal feed to support the expanding livestock industry. Rising meat consumption across the continent necessitates enhanced feed solutions, which feed yeast provides through its nutritional and probiotic benefits. Additionally, the growing awareness of the advantages of yeast in improving feed efficiency and animal health contributes to its adoption. Technological advancements in feed production, coupled with a shift towards more sustainable agricultural practices, also play a crucial role. Furthermore, government initiatives promoting livestock productivity and the development of innovative yeast products tailored to various animal species bolster market growth.
Government initiatives in Africa are significantly influencing the Feed Yeast Market by promoting livestock productivity and advancing agricultural practices. Many governments are implementing policies and programs aimed at improving animal nutrition and supporting the adoption of innovative feed solutions. These initiatives include subsidies for high-quality feed ingredients, research and development grants for feed technology, and educational campaigns to raise awareness about the benefits of yeast in animal diets. Additionally, there are efforts to enhance infrastructure for feed production and distribution, which helps facilitate market access for feed yeast products. These supportive measures are crucial in driving the growth of the feed yeast industry and improving overall livestock health and productivity across the continent.
Key companies in the Africa Feed Yeast Market include global and regional players such as Alltech, DSM Nutritional Products, Lesaffre, and Angel Yeast Co., Ltd. These companies are pivotal in shaping the market through their extensive product portfolios, including various types of yeast products tailored for different livestock needs. Alltech and DSM Nutritional Products are known for their advanced research and development in feed yeast technology, while Lesaffre and Angel Yeast Co., Ltd. contribute with their strong regional presence and tailored solutions.
These companies focus on innovation, quality assurance, and strategic partnerships to meet the growing demand for feed yeast in Africa, driving industry growth and improving livestock nutrition and performance.
The future of the Africa Feed Yeast Market looks promising, with anticipated growth driven by increasing demand for sustainable and efficient animal feed solutions. Advancements in yeast technology and formulations are expected to enhance the nutritional benefits and efficacy of feed yeast, further boosting its adoption. The market is likely to see a rise in innovations such as customized yeast blends designed for specific livestock species and the integration of feed yeast into precision nutrition strategies.
Additionally, expanding livestock sectors and supportive government policies are expected to fuel market expansion. As African countries continue to focus on improving agricultural productivity and food security, the feed yeast industry will play a crucial role in advancing livestock health and performance.
According to Ravi Bhandari, Research Head, 6Wresearch, the Africa Feed Yeast Market features a diverse range of products, including yeast derivatives, spent yeast, and live yeast. Yeast derivatives, such as yeast extracts and yeast beta-glucans, are utilized for their nutritional and immune-boosting properties, enhancing the overall quality of animal feed. Spent yeast, a by-product of yeast production, is repurposed as a valuable feed ingredient due to its high protein content and beneficial effects on gut health. Live yeast, commonly used in its active form, serves as a probiotic to improve feed efficiency and support livestock digestion. Each type of product plays a critical role in optimizing animal nutrition and performance, catering to the specific needs of various livestock species.
In the Africa Feed Yeast Market, key countries include South Africa, Nigeria, and Kenya, each playing a significant role in driving market growth. South Africa, with its well-established agricultural sector and advanced livestock practices, is a leading market for feed yeast, supported by its robust feed industry and infrastructure. Nigeria, as one of the largest economies in Africa with a rapidly growing livestock sector, represents a significant opportunity for feed yeast suppliers due to increasing demand for efficient and high-quality feed solutions. Kenya, with its expanding agricultural activities and focus on improving livestock health and productivity, is also a notable market, reflecting the region’s growing interest in innovative feed ingredients. Together, these countries are crucial in shaping the dynamics and expansion of the feed yeast market across the continent.
The Africa Feed Yeast market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Feed Yeast Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Feed Yeast Market Revenues & Volume, 2024 & 2030F |
3.3 Africa Feed Yeast Market - Industry Life Cycle |
3.4 Africa Feed Yeast Market - Porter's Five Forces |
3.5 Africa Feed Yeast Market Revenues & Volume Share, By Countries, 2024 & 2030F |
3.6 Africa Feed Yeast Market Revenues & Volume Share, By Form, 2024 & 2030F |
3.7 Africa Feed Yeast Market Revenues & Volume Share, By Types, 2024 & 2030F |
3.8 Africa Feed Yeast Market Revenues & Volume Share, By Livestock, 2024 & 2030F |
4 Africa Feed Yeast Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Feed Yeast Market Trends |
6 Africa Feed Yeast Market, 2024 - 2030 |
6.1 Africa Feed Yeast Market, Revenues & Volume, By Form, 2024 - 2030 |
6.2 Africa Feed Yeast Market, Revenues & Volume, By Types, 2024 - 2030 |
6.3 Africa Feed Yeast Market, Revenues & Volume, By Livestock, 2024 - 2030 |
7 South Africa Feed Yeast Market, 2024 - 2030 |
7.1 South Africa Feed Yeast Market, Revenues & Volume, By Form, 2024 - 2030 |
7.2 South Africa Feed Yeast Market, Revenues & Volume, By Types, 2024 - 2030 |
7.3 South Africa Feed Yeast Market, Revenues & Volume, By Livestock, 2024 - 2030 |
8 Nigeria Feed Yeast Market, 2024 - 2030 |
8.1 Nigeria Feed Yeast Market, Revenues & Volume, By Form, 2024 - 2030 |
8.2 Nigeria Feed Yeast Market, Revenues & Volume, By Types, 2024 - 2030 |
8.3 Nigeria Feed Yeast Market, Revenues & Volume, By Livestock, 2024 - 2030 |
9 Kenya Feed Yeast Market, 2024 - 2030 |
9.1 Kenya Feed Yeast Market, Revenues & Volume, By Form, 2024 - 2030 |
9.2 Kenya Feed Yeast Market, Revenues & Volume, By Types, 2024 - 2030 |
9.3 Kenya Feed Yeast Market, Revenues & Volume, By Livestock, 2024 - 2030 |
10 Rest of Africa Feed Yeast Market, 2024 - 2030 |
10.1 Rest of Africa Feed Yeast Market, Revenues & Volume, By Form, 2024 - 2030 |
10.2 Rest of Africa Feed Yeast Market, Revenues & Volume, By Types, 2024 - 2030 |
10.3 Rest of Africa Feed Yeast Market, Revenues & Volume, By Livestock, 2024 - 2030 |
11 Africa Feed Yeast Market Key Performance Indicators |
12 Africa Feed Yeast Market - Opportunity Assessment |
12.1 Africa Feed Yeast Market Opportunity Assessment, By Countries, 2024 & 2030F |
12.2 Africa Feed Yeast Market Opportunity Assessment, By Form, 2024 & 2030F |
12.3 Africa Feed Yeast Market Opportunity Assessment, By Types, 2024 & 2030F |
12.4 Africa Feed Yeast Market Opportunity Assessment, By Livestock, 2024 & 2030F |
13 Africa Feed Yeast Market - Competitive Landscape |
13.1 Africa Feed Yeast Market Revenue Share, By Companies, 2023 |
13.2 Africa Feed Yeast Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |