The Europe inactive dry yeast market for animal feed application may register above USD 80 million by 2026, according to report by Global Market Insights, Inc.
When it comes to bovine population, most of it is accommodated across Spain, France, Germany, Ireland, and Italy. Out of these, Germany and Spain have majority of the pig population. Bovine animals are also used for producing milk. Meanwhile, the European Union produced around 7.9 million tons of bovine meat in 2018.
Request for a sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4871
Growing demand for animal nutrition products to enhance their growth and health is likely to drive the Europe inactive dry yeast market for animal feed application over the coming years. Increasing R&D activities for enhanced yeast products for gastrointestinal ecosystem, animal performance and rumen microbial populations is anticipated to fuel industry expansion.
Mentioned below are some of the key trends propelling Europe inactive dry yeast market for animal feed application outlook:
Robust demand for pet food
Inactive dry yeast is used as an essential pet food ingredient given its protein and nutritional content. It helps in improving digestion as well as maintaining and building bones, muscles and blood. The pet food segment held a revenue of USD 10.46 million in 2019 and is projected to grow over 3% owing to rising prevalence of pet adoption, changing perceptions towards diet, and higher disposable income.
There is a shift from traditional food items made at home to packaged, high-quality pet food. The growing demand for high nutritional pet food due to economic and social changes, concerns regarding obesity in pets, and the humanization of pets are likely to be some of the key Europe inactive dry yeast market for animal feed application growth factors.
France emerging as a lucrative business ground
The France inactive dry yeast market for animal feed application reached above USD 7.5 million in 2019 and is expected to grow over 5.5% over the forecast timeframe owing to industrialization of meat production coupled with rising demand for protein rich and nutritional products. Inactive dry yeast helps to enhance the milk yield, boost the immune system, and raise the level of meat productivity. France is witnessing higher meat consumption and hence a rise in the demand for meat export from across the world, which has led to increase in the consumption of feed additives. Surging commercial livestock production could also boost business expansion in the country.
Request for customization @ https://www.gminsights.com/roc/4871
Increasing horse ownership
Horses, zebras and donkeys belong to the Equine category which is a part of the mammal family of Equidae. Inactive dry yeast is used as a feed additive for these animals to lessen their fatigue and increase endurance.
Product demand from the equine segment in Europe inactive dry yeast market for animal feed application is anticipated to grow over 3% in the upcoming years across Europe owing to surge in horse ownership and rising individual interest in horses, along with more awareness about their food habits and the nutritional benefits of inactive dry yeast.
Companies operating in the Europe inactive dry yeast market for animal feed application are introducing new products and solutions. For instance, in 2019, German firm, Leiber GmbH announced the expansion of its product range in the combined yeast products segment, including the Leiber YeaFi that consists of innovative combinations with grain-free fiber components, suitable for pet food and livestock.
Related News:
Dairy Processing Equipment Market: https://www.globenewswire.com/en/news-release/2022/01/19/2369155/0/en/Dairy-Processing-Equipment-Market-to-cross-15-7-billion-by-2027-Says-Global-Market-Insights-Inc.html
Animal Feed Organic Trace Minerals Market: https://www.prnewswire.com/news-releases/animal-feed-organic-trace-minerals-market-worth-1-3-billion-by-2027--says-global-market-insights-inc-301464577.html
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
