Market Trends of South America Feed Yeast Industry
This section covers the major market trends shaping the South America Feed Yeast Market according to our research experts:
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.
