Market Size of North America Feed Yeast Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Feed Yeast Market Analysis
The North America feed yeast market is projected to register a CAGR of 3.3% during the forecast period 2020-2025. Feed yeast production in North America is driven by high per capita consumption of meat and consumer demand for nutrition rich meat products. Feed yeast is more cost-efficient when compared to other feed supplements and less harmful then antibiotics. The United States is the largest consumer of meat in the region, thus driving the demand for feed yeast, followed by Mexico and Canada. Mexico is an emerging market and factors like industrialization and rising incomes and increasing demand for meat, and in turn, driving demand for feed yeast in the country. The most common yeast species used in animal feed are the various strains of Saccharomyces cerevisiae. The poultry segment of the market accounts for the highest market share, closely followed by swine feed.
