The valuation of global feed yeast market stood at USD xx million in 2016, USD xx million in 2017. The forecasted valuation of the market in 2025 is USD xx million. The expected CAGR is xx% during the forecast period (2019-2026).
Focus on animal welfare and nutrition, growth in compound feed consumption are increasing the demand for the use of animal feed yeast in the regular fodder for the animals.
Antibiotics which improve the growth performance have been widely used in animal production for decades worldwide. But usage of antibiotics is causing anti-microbial resistance as microbes are becoming resistant to antibiotics. This is affecting the peoples health conditions and immunity.
Due to this reason, the European Union banned the use of antibiotics in 2016. According to data provided by European Medical Agency, Governments of the US, Australia and New Zealand and countries like Norway, Iceland, Sweden, Australia, Slovenia, Finland, Lithuania, Denmark etc., have considerably reduced the usage of antibiotics keeping the public wellness as a consideration.
To overcome this problem, as a way out, farmers started looking out for natural additives to boost up the growth and productivity of the animals. Feed yeast is one of the most important and efficient among such additive. It helps in increasing the productivity by improving nutrient digestion, utilization and reducing the risk of rumen acidosis in animals. Feed yeast, being a natural and easily available additive reduces the handling and overall cost of the fodder.
All the nations are collectively working towards the ban on antibiotics, which is creating a scope for expansion of feed yeast market globally.
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