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Swine Feed Probiotic Yeast Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Swine Feed Probiotic Yeast Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LANDON, GREATER LANDON, UNITED KINGDOM, September 10, 2024 /EINPresswire / -- The swine feed probiotic yeast market has experienced robust growth in recent years, expanding from $1.4 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to scientific validation of benefits, industry adoption, and success stories, shift away from antibiotic growth promoters, research on gut health in swine, and awareness of feed efficiency.
What Is the Estimated Market Size of The Global Swine Feed Probiotic Yeast Market and Its Annual Growth Rate?
The swine feed probiotic yeast market is projected to grow strongly, reaching $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to research and development investments, market expansion in emerging economies, demand for natural feed additives, expansion in swine production, focus on animal welfare and health.
Explore Comprehensive Insights into The Global Swine Feed Probiotic Yeast Market with A Detailed Sample Report:
Growth Driver of The Swine Feed Probiotic Yeast Market
Growth in livestock consumption is expected to propel the growth of the swine feed probiotic yeast market going forward. Livestock refers to farm animals with the exception of poultry such as cattle, sheep, pigs, goats, horses, donkeys, mules and other animals. Swine feed probiotic yeast is used to improve pig gut intestinal health by lowering pathogen loads and boosting their immune systems which lower the need to use antibiotics in swine feed which mitigates antimicrobial resistance and makes consumption of pork meat safer for the public.
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Which Market Players Are Driving the Swine Feed Probiotic Yeast Test Market Growth?
Key players in the swine feed probiotic yeast market include Chr. Hansen A/S, Koninklijke DSM N V, Archer Daniels Midland, Alltech, Kemin Industries Inc., Biorigin, Cargill Incorporated, Nutreco N V.
What Are the Dominant Trends in Swine Feed Probiotic Yeast Market Size and Growth?
Product innovation is the key trend gaining popularity in the swine feed probiotic yeast market. Major companies operating in the swine feed probiotic yeast market are focusing on improving feed use efficiency on the probiotic yeast they are offering for swine feed.
How Is the Global Swine Feed Probiotic Yeast Market Segmented?
1) By Product Type: Live, Spent, Yeast Derivatives
2) By Genus: Saccharomyces Spp., Kluyveromyces Spp., Other Genuses
3) By Form: Dry, Instant, Fresh
Geographical Insights: Asia-Pacific Leading the Swine Feed Probiotic Yeast Market
Asia-Pacific was the largest region in the swine feed probiotic yeast market in 2023. The regions covered in the swine feed probiotic yeast market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Swine Feed Probiotic Yeast Market Definition
Swine feed probiotic yeast refers to living microorganisms that improve the swine's health by altering the gut microbiota which is used as feed additives for pigs. Swine feed probiotic yeast is used in pig feed to enhance pig performance and feed effectiveness while lowering the environmental impact of pig farming.
Swine Feed Probiotic Yeast Global Market Report 2024 from TBRC covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global swine feed probiotic yeast market report covering trends, opportunities, strategies, and more
The Swine Feed Probiotic Yeast Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on swine feed probiotic yeast market size, swine feed probiotic yeast market drivers and trends, swine feed probiotic yeast market major players, swine feed probiotic yeast competitors' revenues, swine feed probiotic yeast market positioning, and swine feed probiotic yeast market growth across geographies. The swine feed probiotic yeast market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Oliver Guirdham
The Business Research Company
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