Global Animal Feed Probiotics Market, By Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets, Others), Source (Bacteria, Yeast and Fungi), Form (Dry, Liquid), Function (Nutrition, Gut Health, Yield, Immunity, Productivity), Distribution Channel (Modern Trade, Online Retailers, Specialty Stores, Convenience Stores, Direct Sales, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Animal feed probiotics market size is expected to grow at a compound annual rate of 6.50% in the forecast period 2021 to 2028. The rapidly increasing demand for convenience food is the factor for the animal feed probiotics market in the forecast period of 2021 to 2028.
Probiotics are playing a vital important role in the animal feed industry. The use of probiotics improves animal health and increases nutrient utilization from the feed. Probiotics have been logically established to offer benefits in enhancing the composition and balance of the intestinal microflora.
The major growing factor towards animal feed probiotics market is the significant growth in the rapid shift of the livestock industry from being an unorganized sector to an organized one. The prime factor driving the demand for animal feed probiotics is the rising focus on animal health to prevent disease outbreaks. Furthermore, the high growths in consumption of animal-based products as well as the economic positioning of animal feed probiotics are also heightening the overall demand for animal feed probiotics market over the forecast period of 2021 to 2028. Moreover, the growing concerns regarding animal health and awareness about the benefits of probiotics in animal nutrition serves as a foremost driver for increasing the demand for animal feed probiotics market at a global level. In addition, the growing awareness amongst cattle farmers, pet owners and hobbyists concerning the carious advantages of animal feed probiotics which is lifting the growth of the animal feed probiotics market.
However, the international quality standards and regulations has probiotics in animal feed products is projected to act as a restraint towards the growth of animal feed probiotics market, whereas the high R&D costs has developing new probiotics strains have the potential to challenge the growth of the animal feed probiotics market. Furthermore, the market is expected to showcase significant growth rate owing to the ban on the use of antibiotic growth promoters in animal feed.
Moreover, the implementation of innovative animal husbandry practices to improve the quality of meat and rapid shift towards natural growth promoters will further generate new opportunities for the animal feed probiotics market in the forecast period of 2021 to 2028.
This animal feed probiotics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on animal feed probiotics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Animal Feed Probiotics Market Scope and Market Size
Animal feed probiotics market is segmented on the basis of livestock, source, form, function and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of livestock, the animal feed probiotics market has been segmented into poultry, swine, ruminants, aquaculture, pets and others.
- Based on source, the animal feed probiotics market has been segmented into bacteria and yeast and fungi. Bacteria have further been segmented into lactobacillus, bifidobacterium and streptococcus thermophilus. Yeast and fungi have further been segmented into saccharomyces cerevisiae, saccharomyces boulardii and others. Others are further sub-segmented into aspergillus oryzae and candida pintolopesii.
- On the basis of form, the animal feed probiotics market has been segmented into dry and liquid.
- On the basis of function, the animal feed probiotics market has been segmented into nutrition, gut health, yield, immunity and productivity.
- The distribution channel segment of the animal feed probiotics has been segmented into modern trade, online retailers, specialty stores, convenience stores, direct sales and others.
Animal Feed Probiotics Market Country Level Analysis
Animal feed probiotics market is analyses and market size, volume information is provided by country, livestock, source, form, function and distribution channel as referenced above.
The countries covered in the animal feed probiotics market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe leads the animal feed probiotics market due to the growing consumption of meat associated with rising consumer awareness concerning feed quality and productivity is giving increase to increased demand for animal feed probiotics in this particular region.
The country section of the animal feed probiotics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Animal Feed Probiotics Market Share Analysis
Animal feed probiotics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to animal feed probiotics market.
The major players covered in the animal feed probiotics market report are Chr. Hansen Holding A/S, Novozymes, Kerry Inc., DuPont, Evonik Industries AG, ElfPro, Land O'Lakes, Inc., Pure Cultures, Bluestar Adisseo Co., Ltd., Biomin, Saideep Exports, AMSPRO BIOTECH PVT. LTD, NOVUS INTERNATIONAL, Provita Eurotech, DSM, Schouw & Co., Lesaffre Unique Biotech, Lallemand Inc. and Alltech among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.