Market Size of South America Feed Yeast Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.30 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Feed Yeast Market Analysis
The South America feed yeast market is projected to register a CAGR of 3.3% during the forecast period. Yeast is added to animal feed to aid in the digestion of the feed and to improve the gut health of the animal which in turn helps in increasing productivity. The major drivers for this market are increasing awareness among farmers, regarding the benefits of using yeasts in animal feed and rising demands for meat exports to China, with the outbreak of African Swine fever. Considering these factors, many global players are trying to capture major market share in the developing regions predominantly occupying South America. The major players operating here are Nutreco, Biomin, ADM, etc.
South America Feed Yeast Industry Segmentation
Yeast can be applied to both compound feed and home-based feed to varying degrees. For the purpose of this report, the yeast which is added to both these forms of feed has been considered to be part of the market scope. The end consumers of the market include compound feed mills. The South American Feed Yeast Market is segmented by Type into Live Yeast, Spent Yeast, and Yeast Derivatives; By Form into Dry, Instant, and Fresh; By Animal Type into Ruminants, Poultry, Swine, and Other Animal Types and By Geography.
Type | |
Live Cell Yeast Products | |
Spent Yeast | |
Dry Yeast | |
Yeast Derivatives | |
Others |
Animal Type | |
Ruminant | |
Poultry | |
Swine | |
Aquaculture | |
Others |
Geography | |
Brazil | |
Peru | |
Chile | |
Argentina | |
Rest of South America |
South America Feed Yeast Market Size Summary
The South America feed yeast market is experiencing steady growth, driven by increasing awareness among farmers about the benefits of yeast in animal feed and the rising demand for meat exports, particularly to China, due to the African Swine Fever outbreak. Yeast is utilized in animal feed to enhance digestion and improve gut health, which in turn boosts productivity. This has attracted the attention of global players seeking to capture significant market share in the region. Key players in the market include Nutreco, Biomin, and ADM, among others. The market is characterized by a few dominant companies that are focusing on new product developments to expand their customer base and strengthen their market position.
The demand for feed yeast is particularly rising in the poultry segment, where there has been a shift from homemade to industrialized feed, driven by the need to address gut health issues and improve feed conversion ratios. This trend is supported by the increasing production of livestock meat in the region and the adoption of sanitary measures by pig farmers to meet export demands. The market is consolidated, with major players like Lallemand Animal Nutrition, Novus International Inc., and Trouw Nutrition leading the way. Innovations such as yeast-based feed additives are being introduced to enhance animal nutrition and reduce antimicrobial use, further propelling market growth.
South America Feed Yeast Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Live Cell Yeast Products
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2.1.2 Spent Yeast
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2.1.3 Dry Yeast
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2.1.4 Yeast Derivatives
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2.1.5 Others
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2.2 Animal Type
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2.2.1 Ruminant
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Others
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Peru
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2.3.3 Chile
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2.3.4 Argentina
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2.3.5 Rest of South America
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South America Feed Yeast Market Size FAQs
What is the current South America Feed Yeast Market size?
The South America Feed Yeast Market is projected to register a CAGR of 3.30% during the forecast period (2024-2029)
Who are the key players in South America Feed Yeast Market?
Lallemand Animal Nutrition , Trouw Nutrition, Novus International Inc, ADM Animal Nutrition and Biomin Gmbh are the major companies operating in the South America Feed Yeast Market.