Global Swine Feed Probiotic Yeast Market - 2023-2030

Global Swine Feed Probiotic Yeast Market - 2023-2030

Global Swine Feed Probiotic Yeast Market reached US$ 1.3 billion in 2022 and is expected to reach US$ 1.8 billion by 2030, growing with a CAGR of 5.4% during the forecast period 2023-2030.

The global swine-feed probiotic yeast market has witnessed significant growth and transformations over the years. Agribusinesses are adopting these products as they enhance gut microbiota, and help improve the digestive health of animals. The product also helps in improving the immune system of varied animals, thus boosting its application in global market.

Furthermore, many manufacturing companies are producing high-quality products to expand their portfolios. For instance, Lesaffre companies produced Actisaf Sc 47. The aforementioned product helps to improve the animal's rumen/gut microbiota and supply along with the overall health status and well-being of an animal.

The live yeast segment accounts for almost half of the market share as they can help in enhancing digestion, and nutrition absorption. Similarly, Asia-Pacific dominates the regional segment of the market, capturing the largest market share of over 1/3rd. The high production of pork meat the region is responsible for the dominant market share as Asia-Pacific consumers prefer high-protein sources.

Dynamics

Increase in Demand for High-quality Livestock Consumption

The demand for high-quality livestock products is increasing as consumers are becoming more conscious about the quality, and antibiotics usage in the livestock, The aforementioned fact has led to an opportunity for prebiotic yeast as they enhance the health and growth rate, and improve feed conversion.

Furthermore, It also improves disease resistance and prevention of transmission, which helps in producing high-quality livestock. Hence, it leads to an increase in the adoption rate. Many manufacturing companies are producing high-quality innovative products in order to attract larger consumer bases. For instance, Alltech company has produced Amaize, an extract of aspergillus oryzae fermentation that contains alpha-amylase enzymes.

Growing Implementation of Government Schemes for Healthy and High-Quality Meat Production

The government of many countries is taking initiatives to provide education, resources and training programs for farmers, veterinarians, and livestock producers about the benefits and proper usage of probiotic yeast in swine feed. The demand for probiotics yeast in swine feed is expected to grow as increase awareness would improver the market penetration of swine feed probiotics yeast.

Furthermore, governments of many countries are launching vaccination schemes to promote healthy and high-quality production. For instance, the Government of India has started the National Animal Disease Control Programme (NADCP) to control Foot and mouth Disease and Brucellosis by vaccinating 100% of pig, cattle, buffalo, sheep, and goat populations for FMD.

High Product Cost

The product cost can depend on the brand, availability, strains used, quality of materials, among many other factors. The high product cost can make the small-scale farmers adopt other alternatives that are of less cost, and the high product can be also due to advanced feed technologies used for the storage of products.

Hence, high product costs can hamper the market growth.due to high product costs the market for swine feed probiotics yeast is declining. For instance, Godrej new pig feed costs around INR 1430 per bag, and Godrej's pig feed grower pellets cost 1830 INR per bag. Such high prices can cause a reduction in the adoption rate, which can ultimately affect the swine feed probiotics yeast market.

Segment Analysis

The global swine feed probiotic yeast market is segmented based on genus, product, distribution channel, form and region.

Enhancment of digestion and immune system

The live product segment holds the maximum share in the global swine feed probiotics yeast market. Livestock industry manufacturers are attracted to these live yeast products as they provide sufficient amounts of beneficial microorganisms, which can help in enhancing digestion, and can better the immune system. Hence, it can lead to an increase in the adoption rate.

To cater to the growing demand of the segment, many manufacturing companies are producing high-quality innovative products in order to attract a larger consumer base. For instance, Kemin company produces Clostat, an Active microbial for swine. The product contains a spore-forming strain of Bacillus subtilis, PB6 that attacks and kills Clostridium perfringens and Clostridium difficile which are associated with enteric disease in farrowing house piglets.

Geographical Penetration

Increase in Pork Production and Government Initiatives

Asia-Pacific has been a dominant force in the global swine feed probiotic Yeast market and its significance has only grown in the post-2020 era. The swine farming industry in this region is strengthening and is thus highly adopting the probiotics yeast in swine feed as they improve the growth rates in animals.

Furthermore, pork meat is highly being produced in this region as consumers prefer high-protein sources. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, the value of pork meat production to be US$ 1.7 billion in 2022–23 and US $1.8 billion in 2023–24. Hence, it can lead to increasing the adoption rate in this region.

Competitive Landscape

The major global players in the market include Chr. Hansen A/S, DSM, Lallemand Inc., Lesaffre, Novozymes A/S, Calpis Co., Ltd., Evonik Industries AG, Alltech, Kemin Industries, Inc. and Uniquebiotech.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain of many markets including the swine feed probiotics yeast market. Many manufacturing companies were shut down during the pandemic because of government lockdown restrictions this caused the limitation of availability of products in the market, which caused a negative impact on the global swine feed probiotics market.

However, as the manufacturers are adopting alternatives for traditional feeds to increase growth rate and reduce mortality among farmed animals, the market opportunity for swine feed probiotics yeast grew. Thus, despite the COVID-19 pandemic distruptions, the market is expected to witness growth and would grow further in the post-pandemic market scenario.

Russia-Ukraine War Impact Analysis

The ongoing conflict between Russia and Ukraine has brought a disruption to the global economy. Many manufacturing companies are shut down due to low employment rates, imports, and exports this has led to a impact on the availability of products in the market. Hence, it shown a negative impact on the overall global swine feed probiotics yeast market.

Furthermore, the war between these countries has affected the livestock population and global farming activities. Due to less availability of raw materials, and feeds in the markets the productivity rate also decreased. As people started investing more in essential goods, a decrease has witnessed in product adoption rates as well as sales in the market.

By Genus
• Saccharomyces spp.
• Kluyveromyces Spp.
• Others

By Product
• Live
• Spent
• Yeast Derivatives
• Others

By Distribution Channel
• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Form
• Dry
• Instant
• Fresh
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In May 2020, CanBiocin Inc., a Canada-based livestock probiotic company acquired Pure Cultures Inc, an American manufacturer of species-specific probiotics to pet food and livestock feed manufacturers.
• In February 2021, EW Nutrition, a global provider of animal nutrition solutions has acquired the Feed Quality and Pigments business from Novus International, Inc., The acquisition also gives EW Nutrition ownership of an advanced production facility in Constanti, Spain.
• In November 2022, ADM launched a new sweetening feed SUCRAM range, an in-feed sweetening solution for livestock species. The product is a nutrition solutions to improve feed intake and enhance efficiencies for producers while also supporting animal health and well-being.

Why Purchase the Report?
• To visualize the global swine feed probiotic yeast market segmentation based on genus, product, distribution channel, form and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of swine feed probiotic yeast market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global Swine Feed Probiotic Yeast market report would provide approximately 69 tables, 71 figures and 186 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies