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(MoneyNewsWire.Net, April 02, 2018 ) The Asia-Pacific Feed Yeast Market has been estimated at USD 19.25 Billion in 2016 and is projected to reach USD 31.71 Billion by 2021, at a CAGR of 10.50% during the forecast period from 2016 to 2021. Feed yeasts are used for various purposes such as to enhance the growth of the animals, maintain their level, and improve immune system and digestibility of feed. Yeast product supplements can beneficially modify microbial activities, fermentative and digestive functions in the rumen.
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Asia-Pacific populations have created a preference towards nutrition rich meat which subsequently raised the need for high quality feed for the animals. This was observed to be achieved employing feed yeast, which were found to be a better option as nutritive supplement, furthermore, favourable due to their less harmful nature. Thus, the market in Asia-Pacific region is continuously growing. High costs associated with production, lack of awareness about the feed yeast benefits among farmers are some of the factors that can constrain the market growth in Asia-Pacific region.
The Asia-Pacific market for feed yeast is segmented on the basis of type into Live yeast, Spent yeast & Yeast derivatives. And on the basis of type of animals the market is analysed for Swine, Poultry, Cattle, Aquatic animals, Pet animals & Others. The poultry segment takes the largest market share for feed yeast trailed by the swine segment.
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Furthermore, on the basis of geography the market is analysed under various regions namely India, China, Japan, Philippines & Australia. Asia-Pacific regions constitute around 35% of the global feed yeast market in 2016 and is showing highest growth rate in the forecast period owing to the high growth in animal feed market. Asia-Pacific region is the top producer of feed yeast followed by Europe globally. A considerable spike in the per capita meat consumption was witnessed in the developing countries such as China and India which was aided by the rapid industrialization of meat sector in the region.
In Asia-Pacific feed yeast market, several prominent companies are taking initiatives in the development and manufacturing of feed yeast. Some of the leading players in this industry include, Alltech, Angel Yeast co., Ltd, Cargill Inc., Nutreco N.V., Lesaffre Group, Biomin GmbH and ADM.
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