The global swine feed probiotic yeast market is expected to experience a compound annual growth rate (CAGR) of 4.6%, reaching $1.38 billion in 2023. This growth comes despite economic challenges stemming from the Russia-Ukraine war, which led to disruptions in supply chains and inflation across various markets. However, the market is projected to rebound and reach $1.66 billion by 2027, with a CAGR of 4.8%.
Key players in the industry include Chr. Hansen A/S, Koninklijke DSM N.V., ADM, Alltech, Kemin Industries Inc., and more. The Asia-Pacific region dominated the market in 2022.
Swine feed probiotic yeast, such as Saccharomyces cerevisiae, Kluyveromyces, and Pichia pastoris, are living microorganisms used as feed additives to enhance pig performance and improve feed efficiency while reducing the environmental impact of pig farming. These additives contribute to better gut health, lower pathogen loads, and stronger immune systems in swine, thereby reducing the need for antibiotics.
One of the major market drivers is the increasing consumption of livestock, including pork and beef. Probiotic yeast aids in maintaining animal health, ultimately making meat consumption safer for the public. The market is also witnessing a trend of product innovation, with companies like Phileo by Lesaffre introducing Actisaf Sc 47 HR+, a probiotic yeast with enhanced resistance to pelleting feed processes.
The swine feed probiotic yeast market shows promising growth prospects, driven by rising livestock consumption and continuous advancements in feed efficiency and product development.
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Categories: New York, Livestock, Hogs, Beef Cattle