The global poultry probiotic ingredients market is driven by the increasing demand for probiotics that support poultry health and growth performance. Probiotics, made through a careful selection and production process, are live microorganisms that enhance the gastrointestinal flora and contribute to a healthy digestive system in poultry. As awareness of the benefits of probiotics grows, the market witnesses the rising adoption of probiotic powder in various forms, including capsules and tablets. When administered correctly and consistently, probiotics confer health benefits to poultry, boosting their overall well-being. With a focus on sustainable and natural solutions, the global poultry probiotic ingredients market is expected to experience steady growth in the coming years.
According to Data Bridge Market Research, the Global Poultry Probiotic Ingredients Market is expected to grow at a CAGR of 6.2% during the forecast period of 2023 to 2030.
“Growing production of feed additives upsurge the market growth”
The growing production of feed additives is a significant driver of the global poultry probiotic ingredients market. As the demand for poultry products increases worldwide, there is a corresponding rise in the production of feed additives to enhance poultry health and performance. Probiotic ingredients have gained popularity as an effective and natural feed additive that improves gut health, nutrient absorption, and immunity in poultry. With an increasing focus on sustainable and safe poultry production, the use of probiotic ingredients in feed formulations is expected to witness substantial growth, driving the expansion of the global poultry probiotic ingredients market.
What restraints the growth of the global poultry probiotic ingredients market?
“Availability of feed additive substitutes”
The global poultry probiotic ingredients market faces a significant restraint due to the availability of feed additive substitutes. As farmers aim to reduce production costs and maintain profitability, they may opt for alternative feed additives that offer similar benefits to probiotics but at a lower price point. These substitutes may include synthetic additives or other natural supplements that claim to provide comparable effects on poultry health and performance. This increased demand for cost-effective solutions can impact the market for poultry probiotic ingredients, posing a challenge for manufacturers to demonstrate the unique advantages and value of probiotics in poultry nutrition.
Segmentation: Global Poultry Probiotic Ingredients Market
The global poultry probiotic ingredients market is segmented into five notable segments based on product, type, form, function, and application.
- On the basis of product, the global poultry probiotic ingredients market is segmented into bacteria based and fungi and yeast based.
- On the basis of type, the global poultry probiotic ingredients market is segmented into single strain and multiple strain.
- On the basis of form, the global poultry probiotic ingredients market is segmented into dry and liquid.
- On the basis of function, the global poultry probiotic ingredients market is segmented into feed intake and efficiency, yield, gut health, nutrition, egg production and quality, immunity and others.
- On the basis of application, the global poultry probiotic ingredients market is segmented into broilers, layers, breeders, chicks and poults, and others.
Regional Insights: Asia-Pacific is expected to dominate the Global Poultry Probiotic Ingredients Market
Asia-Pacific is poised to dominate the global poultry probiotic ingredients market due to increasing awareness among poultry farmers about the benefits of probiotics and government support for sustainable poultry production. Among the countries in the region, China is expected to lead due to major market players undertaking strategic initiatives. Their investments in research and development, collaborations, and partnerships strengthen their market presence.
In Europe, Germany is projected to dominate due to rising healthcare expenditure and the global presence of key market players. The country's strong healthcare infrastructure fosters advancements in probiotics research and development. Moreover, German companies' extensive reach in the global market allows them to cater to diverse regions, enhancing their influence and market share.
The U.S. is projected to dominate the North America region in the healthcare industry due to its significant investments in healthcare infrastructure development. The country's commitment to enhancing medical facilities, research capabilities, and advanced technologies contributes to its leading position in the region. The growing expenditure on healthcare infrastructure supports the delivery of quality healthcare services, leading to the U.S. emerging as a dominant player in the North American healthcare market.
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Recent Developments in Global Poultry Probiotic Ingredients Market
- In March 2023, International Flavour and Fragrances Inc achieved a significant milestone by achieving industrial-scale production of a strict anaerobic 'next generation' probiotic strain. The successful production at an industrial scale opens new possibilities for the company in the probiotics market, offering potential benefits for human health and various applications.
- In January 2023, Evonik Industries AG introduced a new category of nutraceuticals named IN VIVO BIOTICS. These next-generation synbiotics combine probiotics with other health ingredients, enhancing their efficacy and health benefits. The launch of IN VIVO BIOTICS reflects Evonik's commitment to innovation in the nutraceutical industry and expands their offerings in the growing market of probiotic-based health products.
The Prominent Key Players Operating in the Global Poultry Probiotic Ingredients Market Include:
- Lallemand Inc (Canada)
- International Animal Health Products (Australia)
- Phileo by Lesaffre (France)
- Novozymes (Denmark)
- Evonik Industries AG (Germany)
- ASAHI GROUP HOLDINGS LTD (Japan)
- International Flavors & Fragrances Inc (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global poultry probiotic ingredients market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Poultry Probiotic Ingredients Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
