The Asia Pacific Brewer’s Yeast Market would witness market growth of 10.8% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 533.3 Kilo Tonnes, showcasing a growth of 10.2% (2019-2022).
Brewer's yeast has found applications in animal nutrition. In animal feeds, it serves as a valuable source of protein, amino acids, and essential nutrients for livestock, poultry, and aquaculture. As the demand for high-quality animal protein and sustainable animal farming practices continues to grow, brewer's yeast has become an attractive feed ingredient. Nowadays, brewer's yeast is used as an alternative to antibiotics in animal diets. Brewer's yeast is being investigated as a potential option to enhance animal performance and health in light of growing concerns over antibiotic resistance and the need for more sustainable and natural solutions. Brewer's yeast has also gained recognition for its potential as a feed ingredient for fish and shrimp aquaculture. Its use in aquaculture feeds is associated with improved growth rates, feed conversion efficiency, and disease resistance in aquatic species, contributing to the sustainability of the aquaculture industry.
Brewer's yeast is a byproduct of the distilling and brewing industries, and the production of alcoholic beverages is one factor that can affect its availability. Ensuring a consistent supply of Brewer's yeast can be a challenge in the face of variations in the brewing industry.
Asia Pacific is a significant nation in alcohol consumption, with a wide range of preferences across countries. For example, beer is popular in countries like China and Japan, while spirits like whiskey and soju are favored in South Korea. The Agricultural and Processed Food Products Export Development Authority (APEDA) reports that India is the world's third-largest producer of alcoholic beverages. Twelve joint venture companies are licensed to produce 33,919 kiloliters of alcoholic beverages per year from grains. Beer is produced by about 56 facilities using licenses from the Indian government. Different societal groups are served by the two liquor segments in the market: Indian Made Foreign Liquor and Country Liquor. Thus, all of the aforementioned factors will aid in the expansion of the market in the coming years.
The China market dominated the Asia Pacific Brewer’s Yeast Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $877.8 million by 2030. The Japan market is registering a CAGR of 10% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 11.6% during (2023 - 2030).
Based on Product, the market is segmented into Dry, and Liquid. Based on Application, the market is segmented into Food Supplements, and Feed Supplements. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Brewer's Yeast Market is Predict to reach USD 11.7 Billion by 2030, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Associated British Foods PLC, Leiber GmbH, Lallemand, Inc., Archer Daniels Midland Company, Chr. Hansen Holding A/S, Lesaffre Group, White Labs Inc., Cargill, Incorporated, Kerry Group plc, and LAFFORT.
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030))
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