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Feed Yeast Market Analysis

Feed Yeast Market Analysis Feed Yeast Market Analysis
Release date 02.02.2021
Number of pages 43
Formats DOCX, PDF
Cost 45000 ₹

The relevance of research

The subject of this study is fodder yeast. The fodder yeast market in this study refers to the totality of enterprises that form the market supply, the number of consumers that form the market demand, as well as the relationship that arises between sellers and consumers. 

Feed yeast is a special yeast biomass based on vegetable substrates (waste of pulp and paper and starch and syrup production) and non-vegetable raw materials (oil fractions), grown for feed for farm animals, fur animals, birds and fish. Feed yeast is used in the production of compound feed, as well as a bioadditive in feed rations.


Purpose of the study

Analysis of the state of the fodder yeast market, assessment of the market size, analysis of competitors, as well as identification of factors affecting the fodder yeast market


Content

Part 1. An Overview of the Indian Feed Yeast Market 

1.1. Main characteristics of the market 
1.2. Dynamics of the fodder yeast market volume in 2015-2019 Potential market capacity 
1.3. Assessment of factors affecting the market 
1.4. Feed Yeast Market Life Cycle Stage 
1.5. Competition from substitute products 

Part 2: Competitive Analysis in the Feed Yeast Market 

2.1. Major players in the market 
2.2. Market shares of the largest competitors 
2.3. Profiles of major players 

Part 3. Feed Yeast Production Analysis 

3.1. Volume and dynamics of domestic production of fodder yeast 
3.2. Share of exports in feed yeast production 
3.3. Segmentation of fodder yeast production by region 
3.3.1. Production by Union Territories 
3.3.2. Production by states of India 

Part 4. Analysis of foreign trade supplies of fodder yeast 

4.1. Volume and dynamics of fodder yeast imports 
4.2. Structure of imports by countries 
4.3. Volume and dynamics of fodder yeast exports 
4.4. Structure of exports by countries 

Part 5. Feed yeast consumption analysis 

5.1. Dynamics of fodder yeast consumption volume 
5.2. Analysis of the results of tenders for the purchase 

Part 6. Price Analysis 

6.1. Average producer prices by union territories 
6.2. Average consumer prices by states in India 

Part 7. Assessment of factors of investment attractiveness of the market 

Part 8. Feed yeast market forecast up to 2024 

Part 9. Recommendations and conclusions 


Research excerpt

Part 1. An Overview of the Indian Feed Yeast Market

1.1. Main characteristics of the market

The subject of this study is fodder yeast. The fodder yeast market in this study refers to the totality of enterprises that form the market supply, the number of consumers that form the market demand, as well as the relationship that arises between sellers and consumers. 

Feed yeast is a special yeast biomass based on vegetable substrates (waste of pulp and paper and starch and syrup production) and non-vegetable raw materials (oil fractions), grown for feed for farm animals, fur animals, birds and fish. Feed yeast is used in the production of compound feed, as well as a bioadditive in feed rations.
...

The Indian fodder yeast market is dominated by domestic producers. In the period of 2015, the largest share of imports is observed - …% of the market volume, in 2016 it decreases to …%. In 2017-2019 the volume of fodder yeast imports to the Indian market remained stably small - …%. Several reasons contribute to this: the sanctions policy against a number of countries, the policy of import substitution, the growth of the feed market and the livestock market. 
...

1.2. Dynamics of the fodder yeast market volume in 2015-2019 Potential market capacity

Consider the dynamics of the feed yeast market in 2015-2019.

The volume of the fodder yeast market in physical terms shows growth in 2015-2019, while it can be assessed as consistently positive in all years. Diagram 2 shows changes in the market volumes in the period under study: the market volume in 2016 remained at the level of 2015 with a slight decrease by …%, followed by an increase in 2017 by …% compared to 2016. In 2018 there is a growth jump in …%. In 2019, the volume of the fodder yeast market can be assessed as stable, with a slight (…%) increase compared to 2018…

Diagram 2. Dynamics of the fodder yeast market volume, t, 2015 - 2019

With such a positive dynamics in the volume of the fodder yeast market during 2015-2019, as well as based on the positive dynamics of the markets of consumer enterprises (livestock, poultry farming, fisheries, producers of animal feed and feed additives), according to Rosstat, the growth in these markets on average by …%, – the market potential is assessed as unambiguously positive, with stable growth in monetary and natural terms of the order of …% per year.
...

1.3. Assessment of factors affecting the market

Let's consider the main factors influencing the market and, accordingly, demand.

According to experts, the modern development of the feed industry is impossible without the products of processing of plant and animal raw materials. The production of protein isolates and concentrates, the introduction of alternative feed crops will become a vector for the development of the feed ingredients market in the future. 

Economic:
- decrease in real incomes of the population - may indirectly affect the fodder yeast market in the event of a decrease in the consumption of meat products, but at the same time, the consumption of poultry meat will increase, as a cheaper product;
- an increase in the consumption of domestic meat products - as part of the import substitution program and the government's goals for food security in India, the level of meat imports is reduced in the long term, support is provided to livestock and poultry enterprises;
...

Political:
- lack of strict regulation of the feed market - the risk of new players appearing, according to experts, the development of the feed industry requires a balance of measures of state regulation of the turnover of feed raw materials; 
- import substitution program - emphasis is placed on domestic production, but at the same time, the processes of import substitution of a number of feed ingredients are in their infancy

Technological:
- the development of online trading is a definite plus, since it reduces the time for finding a supplier and placing an order, making the process of paying for goods more convenient;
- lack of rapid changes in the equipment market;
...

Social:
- a developed culture of eating meat products in India - in India, meat is consumed in every household, it is traditional to fry shish kebab on holidays and weekends, it is recommended to feed meat products for children of the first year of life, which ensures a stable level of consumption in the country;
...

1.4. Feed Yeast Market Life Cycle Stage

The feed yeast market is in its early stages...
The … stage represents the stage of stability in terms of … In the initial stage … the market continues … due to the established …. Increases ... can be achieved by conducting research on consumer properties, searching for additional applications, creating an offer for new markets.

Stage ... the most ... of all stages of the life cycle. It is built on…
...

1.5. Competition from substitute products

The main potential competitors of feed yeast protein can be considered ... 
... - is a high-protein component for broiler chickens and pigs. It is in second place after fish meal in terms of the balance of amino acid composition, except for methionine. A significant content of protein and energy in the meal allows you to make high-protein and high-energy diets without the use of expensive animal feed, such as fish, meat and bone meal. … are widely used in feeding all types of farm animals, poultry and fish. Mass fraction of crude protein in ... not less than ... %.

… is the cheapest and most accessible protein component of animal feed. More than other feed products of plant origin contain methionine. Mold fungi develop less than in grain, and bacteria less than in raw materials of animal origin. It is possible to use industrial enzymatic preparations to increase the digestibility of nutrients. High content of nitrogen in the protein (on average …%), mass fraction of crude protein is not less than …%. 
... is a feed product produced by drying and grinding mainly fish processing waste. Include in the diet of pigs, poultry, young cattle. The digestibility of protein is the highest among feed products and

is …%. It contains the optimal ratio of amino acids, when it is introduced into the feed in the amount of ...%, the need of even broiler chickens for all amino acids is basically provided. The content of crude protein in … as the main component is …%. ... is a source of high quality concentrated protein as well as fat rich in omega-3 fatty acids DHA and ERA. Protein ..., in large quantities, contains the basic amino acids: methionine, cystine, lysine, threonine and tryptophan. The composition ... includes a large amount of minerals, such as phosphorus, in a form convenient for consumption by animals.

Part 2: Competitive Analysis in the Feed Yeast Market 

2.1. Major players in the market 
...

The market is represented by … fodder yeast producers.

The main activities of large enterprises - leaders in terms of revenue - wood processing, production of paper, cardboard, alcohol production, fodder yeast production is present here as an auxiliary production for processing waste from the main production. 

Most of the enterprises are engaged in the production of fodder yeast and compound feed, purchasing raw materials from other enterprises, for example, breweries or distilleries.

2.2. Market shares of the largest competitors 

Diagram 4. Shares of the largest competitors in the feed yeast market in 2019

The shares of the largest companies in the fodder yeast market are calculated in proportion to the volumes of fodder yeast production in 2019.

The leader is … with a share of …%. The main activity is the production of dry fodder yeast, the company has been operating since 1985 in the city of ... In second place is ..., the market share is ...%, the company is located in the city of Smolensk. The main activity is the production of proteins for animals from the waste of alcohol production. … and … occupy the third and fourth positions and share in …% in 2019, the main activity is the production of animal feed and feed additives. LLC … occupies a share of …% in 2019, the production volume slightly decreased in 2019 compared to 2018, the main activity is the production of animal feed and feed additives. All these enterprises buy stillage (remnants of alcohol and beer production), rye and wheat bran for the production of fodder yeast. JSC … also occupies a share of …%, produces fodder yeast from the waste of its own alcohol production.
...

Enterprises with a share of …% or less are also producers of animal feed and feed additives.

2.3. Profiles of major players
...

Part 3. Feed Yeast Production Analysis

3.1. Volume and dynamics of domestic production of fodder yeast
...

According to GidMarket, the volume of fodder yeast production in India in 2019 amounted to … tons with a slight negative increase compared to 2018 …%. A decrease in production volumes in 2019 is observed in all major producers of fodder yeast.
...

Diagram 6 shows the dynamics of the total revenue of the largest manufacturers for all types of activities of these enterprises. For all enterprises from the TOP-5, the production of feed for farm animals, feed additives and feed yeast are the main activities. The revenue of all enterprises from the TOP-5 shows an increase in 2016 by 2015 by …%, in 2017 a decrease by …%. In 2018, there is again an increase, but more moderate - by …% compared to 2017.

In 2019, the indicator slightly decreased compared to 2018 …%. Such fluctuations are associated with external factors, such as: … fodder yeast in 2016, which led to an increase in revenue in the same year for the main producers, respectively, the next year had a decline, since the legislative norms for import were determined and export resumed. Further fluctuations are insignificant and, in general, the profit dynamics of the TOP-5 fodder yeast producers can be assessed as positive, which is primarily due to the demand for feed and feed additives due to the growth of agricultural sectors consuming them.

3.2. Share of exports in feed yeast production
...

The dynamics of the share of exports in production is as follows: consistently high indicators of the share of exports in production in 2015-2017. – …%, further annual decline: 2018 to …%, 2019 to …%. These indicators are due to the increase in domestic consumption and the growth of the market of enterprises-consumers of fodder yeast.

3.3. Segmentation of fodder yeast production by region

3.3.1. Production by Union Territories

Table 4. Dynamics of fodder yeast production in India by union territories, t

 

The dynamics of fodder yeast production in the union territories reflects the general dynamics of production in India as a whole.

In terms of production of this type of product, the leader is ... This is due to the presence of a large number of fodder yeast producers in this federal district. In addition, the largest fodder yeast producers are located in …: … The second place is taken by the Volga Federal District, which also hosts enterprises from the TOP-5: … 
...

Part 4. Analysis of foreign trade supplies of fodder yeast

4.1. Volume and dynamics of fodder yeast imports

...
The maximum volume of fodder yeast imports falls on 2019 - ... t. At the same time, the price for 1 ton of fodder yeast amounted to ... $, which is higher than the price of the previous year by ...%, which, accordingly, affected the growth of imports in monetary terms. It amounted to …% against the indicators of 2018.
...

4.2. Structure of imports by countries

...

4.3. Volume and dynamics of fodder yeast exports

During 2015-2018 Feed yeast export volume from India shows stable growth, except for 2019, when the volume of export deliveries decreased by …% compared to 2018. 
...

Diagram 11. Dynamics of fodder yeast exports in monetary terms

The difference between exports and imports - the trade balance - is the annual rate of consolidation of a country's foreign trade transactions. 
...

4.4. Structure of exports by countries

Chart 13. Structure of exports by countries in 2019, thousand dollars

Many countries purchase feed yeast from India. These products are in the greatest demand in Belarus, France, the Czech Republic – …%, …% and …% of the total export volume. 
...

Part 5. Feed yeast consumption analysis

5.1. Dynamics of fodder yeast consumption volume
...

The dynamics of fodder yeast consumption in the domestic market of India in the study period was calculated taking into account current prices, as well as their changes over the years. This calculation takes into account the import of products, calculated in ruble terms in accordance with the volume of imported products and the current dollar exchange rate in each year.

Dynamics of fodder yeast consumption is positive and shows an average increase of …% compared to the previous year in monetary terms. The volume of consumption has the maximum value in 2019, the maximum increase occurred in 2018 compared to the previous year – …%.

The stable positive dynamics is closely related to the positive dynamics in the fodder yeast consuming industries.
...

5.2. Analysis of the results of tenders for the purchase
...

From January 2019 to November 2020, according to the results of the auction, … contracts were concluded for the supply of feed and hydrolysis yeast for a total amount of … rupees. All contracts must be completed by December 31.12.2020, . 

Main customers:...  

Feed yeast is purchased for the needs of enterprises with the following activities: 
- other scientific researches and developments in the field of natural and technical sciences; 
- activities of organizations of the sanitary and epidemiological service; 
- production of finished pet food;
- activities for the management and operation of prisons, correctional colonies and other places of deprivation of liberty, as well as for the provision of rehabilitation assistance to former prisoners;
- freshwater fish farming.

The maximum price of the contract in 2020 is … rupees, the subject of this contract is …

Part 6. Price Analysis

6.1. Average producer prices by union territories

Table 8. Average producer prices on the fodder yeast market in the Union Territories 

Price monitoring was carried out according to information in open sources, is relevant as of 09.12.2020/ / .
...

6.2. Average consumer prices by states in India
...

Producer prices and consumer prices are similar, since consumers are in the bulk of enterprises (B2B), purchases are made mainly in large wholesale.


List of figures and diagrams

Diagram 1. The ratio of imported and domestic products in the fodder yeast market, % 
Diagram 2. Dynamics of the fodder yeast market volume, t, 2015 - 2019 
Diagram 3. Revenue (net) from the sale of fodder yeast in the union territories for 2015 - 2019, % 
Figure 1. Feed yeast market life cycle stage 
Diagram 4. Shares of the largest competitors in the feed yeast market in 2019 
Diagram 5. Dynamics of fodder yeast production in India for 2015 - 2019 
Diagram 6. Dynamics of the total revenue of the largest producers (TOP-5) of fodder yeast in India, 2015-2019 
Chart 7. Share of exports in production, 2015–2019 
Diagram 8. Volume and dynamics of fodder yeast imports in physical terms 
Diagram 9. Volume and dynamics of fodder yeast imports in monetary terms 
Diagram 10. Dynamics of fodder yeast exports in physical terms 
Diagram 11. Dynamics of fodder yeast exports in monetary terms 
Diagram 12. Balance of exports and imports 
Diagram 13. Structure of exports by countries in 2019, thousand dollars 
Diagram 14. Dynamics of fodder yeast consumption in monetary terms, 2015 - 2019 
Diagram 15. Forecast of market size in 2020 - 2024 


List of tables

Table 1. STEP Analysis of Factors Affecting Feed Yeast Market 
Table 2. Main companies participating in the fodder yeast market in 2019 
Table 3. Profiles of companies participating in the feed yeast market in 2019 
Table 4. Dynamics of fodder yeast production in India by union territories, t 
Table 5. The structure of fodder yeast imports by importing countries in 2019, thousand dollars 
Table 6. Dynamics of indicators in the sectors of consumer enterprises in physical terms, 2015-2019 
Table 7. Data on completed tenders for the purchase of fodder yeast announced in 2019-2020 
Table 8. Average producer prices on the fodder yeast market in the Union Territories 
Table 9. Average Consumer Prices in Feed Yeast Market by State of India 
Table 10. Assessment of factors of investment attractiveness of the fodder yeast market


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