Europe inactive dry yeast market size for animal feed application to record significant revenues from pet food applications

The burgeoning demand for animal nutritional products is a key factor anticipated to accelerate Europe inactive dry yeast market for animal feed application over the ensuing years. In recent years, inactive dried yeast products have gained significant prominence for animal feed applications as they are a pivotal source of protein with both non-essential and essential amino acid profiles, which is vital for the healthy growth of poultry animals. Besides, an increase in livestock production has further shifted the consumers’ focus towards the use of inactive dried yeast products in animal feed.

As per a study conducted at Global Market Insights Inc., Europe inactive dry yeast market size for animal feed application is anticipated to exceed more than $80 Mn by 2026.

Inactive dried yeast products are essentially gaining traction in pet food applications in Europe. In fact, the pet food segment recorded revenue of USD 10.46 million in 2019. The product serves as a pivotal ingredient for pet food due to its high nutrition value. Increasing disposable income, rising prevalence of pet adoption, and growing awareness about the diet are key factors likely to accelerate product demand in Europe.

Besides, pet owners in the region are shifting their preference from traditional home-cooked food items to top-quality packaged pet food products, which in turn is accelerating pet food marker growth. On this note, studies suggest that the pet food application segment is anticipated to grow by more than 3% by the end of 2026.

On the regional front, France has emerged as a pivotal revenue pocket for the industry. In fact, the regional market has recorded revenue of more than USD 7.5 Million in 2019. Increasing meat consumption and burgeoning demand for meat exports across the world are key factors accelerating regional industry growth. In addition, an increase in livestock production has further accelerated the demand for nutritional items like inactive dry yeast products. On this note, it is expected that France inactive dry yeast industry for animal feed application will grow at a rate of more than 5.5% by 2026.

In recent years, inactive dried yeast products have gained prominence as an equine feed additive to increase their endurance and reduce fatigue. Equine belongs to the mammal family of Equidae that includes zebras, modern horses, and donkeys. The growing horse ownership and burgeoning individual interest in horses in the region are likely to fuel the demand for equine feed, which in turn will accelerate inactive dried yeast products demand in the region.

While speaking about the competitive landscape, Europe inactive dry yeast market has a strong presence of leading industry players. These companies are undertaking several growth strategies such as new product launches, acquisitions, and mergers to thrive in this increasingly competitive market.

For instance, in November 2019, France's INRA and Phileo inked a partnership agreement in the field of animal nutrition. Through this collaboration, Lesaffre aims to develop new products and improve its product portfolio. Aided by initiatives like the aforementioned, Europe inactive dry yeast market for the animal feed application market is expected to record prominent growth over the forecast period.

Notably, companies such as Angel Yeast, Sensient, ADM, Alltech Belgium/ Ireland, and Leiber Germany are currently at the forefront of Europe inactive dry yeast industry.