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North America is witnessing significant growth owing to the high demand for animal feeds. Moreover, research and development (R&D) by the major companies and the strict guidelines on the use of feed and food supplements are further invigorating the market growth. Europe is also expected to grow healthily in the forecast period due to the rising production of animal feed and favourable government policies. Meanwhile, the Asia Pacific region is expected to witness robust growth due to the flourishing feed supplement industry. The exponential growth of population and the increasing demand for high-quality animal products is also boosting the market growth. Moreover, increasing urbanisation and escalating export activities by countries such as India, Japan, and China are further bolstering the market growth. Additionally, the rising consumer awareness and the increasing demand for safe and healthy products are expected to fuel the market growth. Such developments in the major regions are contributing significantly to the market growth, consequently aiding the growth of the overall market.
Some of the leading players in the market are Associated British Foods plc (OTCMKTS: ASBFY) and Leiber GmbH. The latter launched Leiber NuTaste® in 2020, which offers an abundance of natural flavours, which can be used either pure or in combination with other yeast extracts. Moreover, it offers a broad spectrum of applications based on the enhanced attractiveness, tastiness, taste improvement of feeds, and increase in feed intake. It also has additional colouring or nutritional effects, therefore it can be used for enhancing individual flavours, reducing the salt content in the product, and replacing artificial colourants for application in vegetarian and vegan foods. Such developments are anticipated to propel the market growth in the forecast period.
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The major players in the global market for brewer’s yeast are Titan Biotech Limited, Lallemand Inc., Leiber GmbH, and Cargill, Incorporated, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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