By Jean-Paul MacDonald
Farms.com
Swine feed probiotic yeast market is set to experience significant growth, projected to reach $1.38 billion in 2023 with a compound annual growth rate (CAGR) of 4.6%. Key industry players, including Chr. Hansen A/S, Koninklijke DSM N.V., and Alltech, are driving innovation in this market. The recent Russia-Ukraine conflict disrupted global economic recovery, impacting commodity prices and supply chains. However, the market is expected to rebound, reaching $1.66 billion by 2027, at a CAGR of 4.8%.
The swine feed probiotic yeast market encompasses sales of Saccharomyces cerevisiae, Kluyveromyces, and Pichia pastoris. This living microorganism enhances pig performance, feed effectiveness, and reduces the environmental impact of pig farming. Asia-Pacific dominated the market in 2022, followed by Western Europe and North America.
Livestock consumption growth is a major driver for the swine feed probiotic yeast market. By improving pig gut health and boosting their immune systems, probiotic yeast reduces the need for antibiotics in swine feed, enhancing food safety. Product innovation is a prominent trend, with companies like Phileo by Lesaffre introducing Actisaf Sc 47 HR+ probiotic yeast for swine feed. The industry is also witnessing strategic acquisitions, as seen with CanBiocin Inc.'s acquisition of Pure Cultures Inc., expanding their presence in the US market.
With the increasing demand for livestock products, the swine feed probiotic yeast market is poised for further expansion. By embracing innovation and sustainable farming practices, this market offers solutions for improving swine health and efficiency while meeting consumer demands for safe and high-quality pork products.