Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), 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: ETC398631 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Latin America Feed Yeast Market report thoroughly covers the market by type, applications, end-use and countries. The market report provides an unbiased and detailed analysis of the ongoing 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.
Latin America feed yeast market has grown steadily over the years, propelled by rising animal protein demand brought on by population expansion and shifting dietary preferences. Animals can eat feed yeast, a byproduct of the brewing business, which provides them with protein, vitamins and minerals for animals.
According to 6Wresearch, Latin America Feed Yeast Market size is expected to grow at a significant CAGR of 5.7% during 2024-2030. There are multiple drivers propelling the feed yeast market's expansion in Latin America. The growing need for animal protein as a result of population expansion and shifting dietary preferences is one important issue. The increased production of livestock as a result of the boom in demand for meat, milk, and eggs has increased the requirement for feed yeast as a nutritional supplement. Furthermore, customers' decisions are being influenced by growing knowledge about animal health, placing a greater focus on food quality and safety. The increased demand for feed additives like yeast, which improve the health and productivity of cattle, is a result of this increased understanding. Government support is also essential because it drives the market further with programs to improve animal husbandry and increase domestic output of animal goods.
Moreover, feed yeast's effectiveness and attraction are being improved by technological improvements. The nutritional benefits and performance of feed yeast are being enhanced by advancements in product composition and processing, rendering it a more appealing choice for livestock farmers. Not only is feed yeast becoming more effective, but these technological developments are also helping to spread its use throughout the area. Latin America's feed yeast product industry is expected to continue growing as long as producers strive to maximize animal health and production.
Although the feed yeast business in Latin America has a promising future, a number of obstacles could prevent it from expanding. Price fluctuations for raw materials are a major problem because the cost of necessary inputs, such as molasses, might fluctuate. Market price swings may result from this pricing volatility, which may also have an impact on feed yeast makers' profitability. Another issue is the accessibility of substitute animal feed sources, including soybean meal. The cost and availability of these substitutes could put feed yeast in competition, therefore reducing feed yeast's market share. For the region's manufacturers to continue experiencing stable growth and market conditions, these issues must be resolved.
Cargill Inc., Archer Daniels Midland Company, Alltech Inc., Angel Yeast Co. Ltd., Lallemand Inc., Novus International Inc., and Lesaffre Group are major participants in the feed yeast market in Latin America. To improve the caliber and potency of their feed yeast products, these businesses are aggressively funding research and development. Their efforts are concentrated on enhancing the general health of animals, feed efficiency, and nutritional advantages. These major competitors hope to address the increasing demand in the area for premium feed yeast by expanding their product offers, which will help livestock farms become more sustainable and productive.
Latin American governments have put laws into place to encourage the humane and sustainable use of antibiotics in cattle farming. Due of these laws, the emphasis has switched to organic and natural additives such feed yeast that can improve animal health without the need for antibiotics. To satisfy these increased requirements, feed yeast integration into animal diets is becoming more and more important. Furthermore, governments are giving farmers incentives to buy additives for animal feed, including feed yeast. Due to its increased accessibility for farmers and promotion of its usage in animal production, these financial incentives are contributing to the region's increased demand for feed yeast.
Furthermore, the feed yeast business is seeing growth and innovation thanks to this policy-driven change. In an effort to increase feed yeast's advantages and make it a more desirable choice for livestock farmers, manufacturers are spending money on research. Feed yeast products are expected to continue growing and developing as a result of the emphasis on sustainability and the decrease in the use of antibiotics. This will establish them as a crucial part of livestock nutrition and health management in Latin America going forward.
In the upcoming years, it is anticipated that the feed yeast market in Latin America would rise significantly due to increased investment in research & development aimed at enhancing the efficacy and quality of feed yeast products. Furthermore, the market for feed yeast is anticipated to keep growing due to increased government support for domestic livestock production and growing awareness of animal health. Manufacturers must, however, closely monitor the cost of raw materials and the competition from other suppliers of animal feed. Through remaining up to date with these obstacles and utilizing technological developments, businesses can seize chances and propel expansion in the feed yeast industry of Latin America. Thus, the market is expected to grow and provide participants in the feed yeast industry profitable prospects.
Due to favorable market conditions and rising animal protein demand, the feed yeast market in Latin America is expected to rise steadily overall. Yeast and other efficient and ecological feed additives are becoming more and more necessary as the animal production in the area rises. Strategic alliances and ongoing innovation will be essential for major businesses to increase their market share. The feed yeast market in Latin America is anticipated to flourish and grow in the near future due to the reasons driving development and acceptance. This will create chances for both established players in the industry as well as new entrants.
According to Dhaval, Research Manager, 6Wresearch, the market for feed yeast in Latin America is expected to develop at the fastest rate in the yeast derivatives sector because of its health benefits. The demand for antibiotics is fueled by beta-glucans and mannan-oligosaccharides (MOS), which improve animal immunity and decrease antibiotic use. Furthermore, the market for live yeast is anticipated to grow greatly in the upcoming years due to research into novel strains of yeast.
With more than half of the market share, the dry form category is now the biggest and expanding the quickest in the feed yeast industry in Latin America. This is explained by its more affordable price as compared to other forms, easier handling and storage, and longer shelf life.
In the feed yeast market in Latin America, poultry is presently the largest and fastest-growing segment. This is explained by the increased demand for chicken eggs and meat as well as growing worries about the welfare of animals and food safety.
The Latin America 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 Latin America Feed Yeast Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Feed Yeast Market Revenues & Volume, 2020 & 2030F |
3.3 Latin America Feed Yeast Market - Industry Life Cycle |
3.4 Latin America Feed Yeast Market - Porter's Five Forces |
3.5 Latin America Feed Yeast Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Latin America Feed Yeast Market Revenues & Volume Share, By Form, 2020 & 2030F |
3.7 Latin America Feed Yeast Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.8 Latin America Feed Yeast Market Revenues & Volume Share, By Livestock, 2020 & 2030F |
4 Latin America Feed Yeast Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Feed Yeast Market Trends |
6 Latin America Feed Yeast Market, 2020 - 2030 |
6.1 Latin America Feed Yeast Market, Revenues & Volume, By Form, 2020 - 2030 |
6.2 Latin America Feed Yeast Market, Revenues & Volume, By Types, 2020 - 2030 |
6.3 Latin America Feed Yeast Market, Revenues & Volume, By Livestock, 2020 - 2030 |
7 Brazil Feed Yeast Market, 2020 - 2030 |
7.1 Brazil Feed Yeast Market, Revenues & Volume, By Form, 2020 - 2030 |
7.2 Brazil Feed Yeast Market, Revenues & Volume, By Types, 2020 - 2030 |
7.3 Brazil Feed Yeast Market, Revenues & Volume, By Livestock, 2020 - 2030 |
8 Mexico Feed Yeast Market, 2020 - 2030 |
8.1 Mexico Feed Yeast Market, Revenues & Volume, By Form, 2020 - 2030 |
8.2 Mexico Feed Yeast Market, Revenues & Volume, By Types, 2020 - 2030 |
8.3 Mexico Feed Yeast Market, Revenues & Volume, By Livestock, 2020 - 2030 |
9 Argentina Feed Yeast Market, 2020 - 2030 |
9.1 Argentina Feed Yeast Market, Revenues & Volume, By Form, 2020 - 2030 |
9.2 Argentina Feed Yeast Market, Revenues & Volume, By Types, 2020 - 2030 |
9.3 Argentina Feed Yeast Market, Revenues & Volume, By Livestock, 2020 - 2030 |
10 Rest of Latin America Feed Yeast Market, 2020 - 2030 |
10.1 Rest of Latin America Feed Yeast Market, Revenues & Volume, By Form, 2020 - 2030 |
10.2 Rest of Latin America Feed Yeast Market, Revenues & Volume, By Types, 2020 - 2030 |
10.3 Rest of Latin America Feed Yeast Market, Revenues & Volume, By Livestock, 2020 - 2030 |
11 Latin America Feed Yeast Market Key Performance Indicators |
12 Latin America Feed Yeast Market - Opportunity Assessment |
12.1 Latin America Feed Yeast Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Latin America Feed Yeast Market Opportunity Assessment, By Form, 2020 & 2030F |
12.3 Latin America Feed Yeast Market Opportunity Assessment, By Types, 2020 & 2030F |
12.4 Latin America Feed Yeast Market Opportunity Assessment, By Livestock, 2020 & 2030F |
13 Latin America Feed Yeast Market - Competitive Landscape |
13.1 Latin America Feed Yeast Market Revenue Share, By Companies, 2020 |
13.2 Latin America Feed Yeast Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |