Hyderabad, India -- (SBWIRE) -- 02/19/2018 -- The report "Feed Yeast market by type (Live yeast, Spent yeast & Yeast derivatives), by type of animals (Swine, Poultry, Cattle, Aquatic animals, Pet animals & Others), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", The Feed Yeast market is estimated to grow at a CAGR of 9.5% to reach the valuation of 86.58 Billion by 2021, from the 2016's valuation of 55.00 Billion. The increasing awareness about the better quality protein and nutrient supplements in the feed is the key driver behind the market's growth.

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By type, live yeast is expected to dominate the market segment in 2021
On the basis of type, the Feed Yeast market is categorized into Live yeast, Spent yeast and Yeast derivatives. By 2021, the live yeast segment of the market is predicted to be accounted for the largest market share. The use of various yeast derivatives in successfully providing nutrients to the feed of the livestock enables the market growth of the segment to have a high and steady rate. Cost efficiency of the feed yeasts also propels forward the market growth.
By the type of animals, poultry is forecast to the largest market share provider till 2021

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By the categorization under the type of animals, the feed yeast market is segmented into Swine, Poultry, Cattle, Aquatic animals, Pet animals and other animals. The poultry segment has provided the largest market share of 2016, and the calculations predict that it will retain its top position till 2021. Whereas, the Swine segment of the market is a close second in terms of the market share in the forecast period. Increasing awareness about animal nutrition increases the Compound Feed Consumption by the livestock, which promotes the growth of the Feed Yeast Market. The high prevalence of Bovine Spongiform Encephalopathy crisis (mad cow disease) also promoted the better understanding of the animal nutrition.

Asia Pacific portrays the highest market growth rate till 2021

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On the basis of geography the market is studied under the regions of Europe, Latin America, North America, Asia-Pacific and Middle-east & Africa. Europe, along with Asia pacific, have accounted for more half of the global Feed Yeast market share in 2016. Whereas, Asia-Pacific is predicted to continue the market growth at a high rate till the end of the forecast period. This growth rate is estimated to be the result of the high growth rate of the animal feed market in the region.

The leading players among the competition in this industry include Alltech, Angel Yeast co., Ltd, Cargill Inc., Nutreco N.V., Lesaffre Group, Biomin GmbH and ADM.

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