Product demand from 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.
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.
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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.
Surging commercial livestock production to boost Europe inactive dry yeast market for animal feed application expansion in the country. 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.
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.
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.
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Europe inactive dry yeast market for animal feed application to grow rapidly owing to, increasing R&D activities for enhanced yeast products for gastrointestinal ecosystem, animal performance and rumen microbial populations. Growing demand for animal nutrition products to enhance their growth and health is likely to drive the Europe inactive dry yeast industry for animal feed application over the coming years.
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.
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.
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