Europe Inactive Dry Yeast Market Size
With a projected growth at around 5.5% CAGR between 2020 and 2026, Europe Inactive Dry Yeast Market Size for Animal Feed Application exceeded USD 55 Million in 2019. Increasing meat consumption motivated by a need to improve protein intake is probably going to support business growth.
To get key market trends
Growing a yeast saccharomyces cerevisiae on sugarcane molasses produces inactive dry yeast which is then inactivated and dried. One very valuable source of B vitamins, phosphorus, and protein is inactive dry yeast. It features minerals, vitamin B complex, and vital amino acids. Important amino acids like lysine and threonine probably create fresh growth prospects for the inactive dry yeast producers. The ability of lysine to fight diseases and pathogens is driving company growth.
Moreover, inactivated dry yeast supports the product use by including trace nutrients including sodium, potassium, zinc, calcium, and iron. Low cost and easy availability will help to increase the product acceptance over the projection period. The Europe animal feed market will be driven by rising need for traceability, transparency, and sustainability, so boosting the Europe inactive dry yeast market for animal feed application expansion.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Europe Inactive Dry Yeast Market Size in 2019 | USD 56.35 Million |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 5.9% |
| 2026 Value Projection | USD 83.59 Million |
| Historical Data for | 2015 to 2019 |
| No. of Pages | 230 |
| Tables, Charts & Figures | 251 |
| Segments covered | Application |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Growing animal feed additives need owing to increasing cattle output across the region to allow demand for food among people can enhance Europe inactive dry yeast business for animal feed application outlook. By 2027, the European animal feed market is predicted to be valued more than USD 1.35 trillion. Fast industrialization of animal farming has resulted in demand for protein-rich animal feed components to raise feed conversion rate. Because inactive dry yeast improves the nutritional value of animal feed products, which increases animal output and should thus increase product demand.
To strengthen their product range, corporations are nevertheless mostly funding new technology and manufacturing capacity increases. For instance, ADM Animal Nutrition introduced new excellent quality protein source for cattle feeds, PRoplex DY, in 2017. Derived from the wet corn milling operation, PRoplex DY consists of dried inactive yeast. From a yeast based protein, it presents appealing, reasonably priced, alternative, high-quality source of digestible amino acids. For animal feed diets, PRoplex DY offers nutritional advantages coupled with economies of scale. By means of this launch, the corporation will be able to improve its range of products.
Governments all across have imposed closures of production facilities, travel restrictions, and offices and markets due to COVID 19 epidemic. Such policies have caused disturbance of value chains all around. This has threatened the availability of raw ingredients for inactive dry yeast. Global production facilities closure brought on by this epidemic could limit inactive dry yeast available for use in animal feed.
Europe Inactive Dry Yeast Market Analysis
Learn more about the key segments shaping this market
Europe inactive dry yeast market for animal feed application from poultry utilization is estimated to reach over USD 39 million with a CAGR of over 6% by 2026. The product is widely used as poultry feed additive as a source of protein and vitamin in the poultry industry, which helps in boosting the immune system.
Poultry applications consists of broiler, layer, and turkey. Europe is among the major growing regions in terms of layer feed. Whereas, in 2018, the regional broiler feed production was 55 kilo tons as compared to 32.5 kilo tons of layer feed in 2018. Need for a high value protein vitamin product to enhance the poultry health & quality is augmenting the product demand.
The Europe poultry market size accounted for over 13.5 million tons in 2016 and is poised to surpass 15.10 million tons by 2024. Shifting consumer preferences toward dietic nutrition and high protein consumption will favor the poultry market and production in Europe. The Europe poultry market accounted for 14.01 million tons in 2019 and is expected to reach 15.1 million tonnes by 2024. The growing influence toward nutrition security, which ensures efficient protein and calorie supply has led to the development of sustainable policies, including the EU policy paper, to boost livestock production, in turn, favoring Europe inactive dry yeast market for animal feed application.
Learn more about the key segments shaping this market
By 2026 Europe inactive dry yeast market for animal feed application from swine usage is expected to reach over USD 22.5 million. Second only to Asia-Pacific in terms of pork output worldwide is Europe. Product penetration in Europe is driven by its preventive qualities that result in higher animal resistance to illnesses and better performance. High palatability, which helps to increase feed intake, is one of the favorable qualities that will probably drive the company development using swine applications. Furthermore helping the product adoption rate are its high protein content, excellent amino acid balance, and high quantities of vitamin B. Thus, encouraging Europe dormant dry yeast sector for demand in animal feed use.
Looking for region specific data?
Europe inactive dry yeast market for animal feed application from Germany is estimated to reach over USD 9 million with a CAGR of over 6% through 2026. Germany is the largest consumer of inactive dried yeast in Europe. Large manufacturing capacity along with high consumer spending on quality meat products is driving the business expansion in Germany.
Germany’s meat supply per capita was 87.8 kg in 2017, which is among the highest in the region. Whereas, favorable regulations pertaining to improving the feed quality should fuel industry growth. Other key factors such as increasing diseases in animals along with rise in consumer health consciousness will support the product demand over the projected timeframe.
Germany is the top pig producer in Europe, with around 26 million of them in 2019. Now, people are learning more about how inactive dry yeast can help young pigs grow faster, have stronger immune systems, digest nutrients better, and have better meat. This is good news for the German pig industry. Also, bird flu has been a problem in Germany, with around 16,100 turkeys and 70,000 chickens being killed in November 2020. When these diseases spread, there is a greater demand for feed products like inactive dry yeast to help animals' immune systems. All of these factors are expected to help the European market for inactive dry yeast used in animal feed keep growing.
Europe Inactive Dry Yeast Market Share
Europe inactive dry yeast market for animal feed application share is moderately consolidated owing to presence of major players including
- Alltech
- Leiber Germany
- ADM
- Angel Yeast
- Sensient
Participants in European market are incorporating strategies including capacity expansions, mergers & acquisitions, new product launches and partnerships & collaborations. For instance, In September 2020, ABN announced the launch of its new brewer’s yeast drying plant in Villanueva del Pardillo by the end of the year. This initiative by ABN is to ensure an exhaustive control of the production process of brewer yeast, from the reception of liquid raw material to the final finished product.
Europe inactive dry yeast market for animal feed application research report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Tons) and revenue (USD Thousand) from 2015 to 2026, for the following segments
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By Application
- Poultry
- Broiler
- Layer
- Turkey
- Swine
- Starter
- Grower
- Sow
- Cattle
- Dairy
- Calf
- Aquaculture
- Salmon
- Trout’s
- Shrimps
- Carp
- Pet Food
- Equine
The above information has been provided for the following countries
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Poland
- Netherlands
- Hungary
- Belgium
- Sweden
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