South America Feed Yeast Market Overview, Dynamics, Segments

The South America feed yeast market is projected to register a CAGR of 3.3% during the forecast period. Yeast is added to animal feed to aid in the digestion of the feed and to improve the gut health of the animal which in turn helps in increasing productivity. The major drivers for this market are increasing awareness among farmers, regarding the benefits of using yeasts in animal feed and rising demands for meat exports to China, with the outbreak of African Swine fever. Considering these factors, many global players are trying to capture major market share in the developing regions predominantly occupying South America. The major players operating here are Nutreco, Biomin, ADM, etc.

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Key Market Trends

Rising demand for Brazilian Pork Exports

According to the Brazilian Association of Animal Protein (ABPA), exports in Brazil broke a record in 2019, showing an increase of 16.2%. The total pork exports were 646 thousand tons in 2018, while in 2019 it was 750.3 thousand tons. The major boost for Brazilian pork exports since 2019 was from Asia, which was heavily affected by the outbreak of African Swine Fever (ASF). China alone has imported 248.80 thousand tons in 2019, which is 61% higher in terms of volume imported in 2018. Vietnam has also increased its imports by 82.6%. To meet these increasing export demands, pig farmers in the country are adopting sanitary measures to ensure safe handling and life conditions to animals, starting from nutrition. Thus, showing an increasing demand for feed yeast in the market.

Increasing Demand For Poultry Meat

The production quantity of livestock meat in South America was 46.1 million tons in the year 2018. In recent years the problems related to gut health of poultry birds is commonly been observed. With increasing awareness of farmers in terms of animal health and providing nutrient requirements to the birds, the shift in usage of industrialized feed from home-made feed has been observed. The addition of yeast to poultry feed is one of the best ways to improve the gut health of the animal and aid in increased feed conversion ratio, resulting in a positive impact on the meat yield. Therefore, showing a gradual increase in the demand for usage of yeast in feeds provided particularly in the poultry segment.

South America Feed Yeast Market
Asia-Pacific Feed Pigments Market
Asia Pacific Feed Anti-Caking Agent Market 
North America Compound Feed Market
South America Feed Binders Market
Africa Poultry Feed Market
South America Aqua Feed Market
Middle East & Africa Feed Antioxidants Market
South America Feed Vitamins Market
Asia-Pacific Feed Mycotoxin Detoxifiers Market

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Christophe Rude
Christophe Rude
Articles: 15883

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