Global Lactobacillus Probiotic Ingredient for Animal Market – Industry Trends and Forecast to 2029

Global Lactobacillus Probiotic Ingredient for Animal Market, By Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria, Yeast), Form (Dry, Liquid) – Industry Trends and Forecast to 2029

Market Analysis and Size

Feed probiotics are probiotics (beneficial microorganisms) that are incorporated into base mixes and compound forms, with end products including premix producers, farmers, compound feed producers, and base mix and concentrate producers. The International Feed Industry Federation (IFIF) reports that global annual compound feed production has surpassed 1 billion tonnes. The high production of compound feed in developing countries, as well as the widespread use of feed ingredients such as probiotics in animal feed, are expected to drive probiotic demand in the animal feed market.

Data Bridge Market Research analyses that the lactobacillus probiotic ingredient for animal market which was valued at 0.942 billion in 2021 and is expected to reach the value of USD 1.47 billion by 2029, at a CAGR of 5.7% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Report Scope and Market Segmentation

Market Definition

Lactobacillus probiotic ingredient for animal feed is commonly used to improve feed efficiency and development performance in ruminants, pigs, aquaculture, and poultry animals. In addition to the production of animal products, such ingredients aid the host animal in the maintenance of gastrointestinal flora and the improvement of animal health. In poultry probiotics, digestive enzymes and various nutrients are common ingredients. These ingredients also help animals perform better overall.

Lactobacillus Probiotic Ingredient for Animal Market Dynamics

Drivers

• Growing awareness regarding animal health and rise in demand for animal products

Demand for lactobacillus probiotics ingredients in the poultry market will rise as consumer demand for animal-based products rises. Increased meat consumption, a shift toward natural growth promoters, and favorable regulatory norms are also expected to drive market growth during the forecast period.

• Growth in the global livestock consumptions

In recent years, the livestock industry has come under increasing pressure to meet rising demand for meat and high-value animal protein. Population growth, rising incomes in developing countries, and urbanization have all contributed to an increase in global livestock consumption. Milk, meat, and egg consumption have been found to be directly correlated with income, with milk, meat, and egg consumption increasing at the expense of staple foods. Rising life expectancy, limited availability of land and water resources for animal feed production, and strong demand for animal-based protein sources are driving the market for feed probiotics.

Opportunity

Growing animal health concerns, as well as the rising popularity of meat and meat-related products, will, on the other hand, create new opportunities for the lactobacillius probiotics ingredients market during the forecast period. Rapid technological advancements, increased R&D investments for developing new ingredient formulations, and rising demand for cost-effective ingredients that provide higher quality products and nutrition are expected to drive the global lactobacillus probiotic ingredient for animal market.

Restraints

However, the market's key limiting variable is the absence of normalisation of the programmed taking care of the framework. During the forecast period, technological limitations and standardisation issues will act as restraints on the growth of lactobacillus probiotics ingredients market.

This lactobacillus probiotic ingredient for animal 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 the lactobacillus probiotic ingredient for animal market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Lactobacillus Probiotic Ingredient for Animal Market

The COVID-19 outbreak had a negative impact on the global poultry trade due to lockdown restrictions imposed to stop the virus's spread. During the pandemic, the supply chain disruption increased feeding costs and raw ingredient prices while decreasing availability, stifling industry growth and consumers' purchasing power. However, due to successful vaccination drives worldwide, the poultry industry is regaining its pre-COVID momentum, which has benefited business growth. Notably, the COVID-19 pandemic has increased consumer interest in improving immunity, which has pushed the feed industry to ensure the quality of feedstuffs and that they are pathogen-free and environmentally friendly. As a result, the increased emphasis on poultry health, immunity, and production has influenced product outlook positively.

Global Lactobacillus Probiotic Ingredient for Animal Market Scope

Lactobacillus probiotic ingredient for animal market is segmented on the basis of livestock, source and form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

Livestock

• Poultry
• Ruminants
• Swine
• Aquaculture
• Pets

Source  

• Bacteria
• Yeast

Form

• Dry
• Liquid

Lactobacillus Probiotic Ingredient for Animal Market Regional Analysis/Insights

The lactobacillus probiotic ingredient for animal market is analysed and market size insights and trends are provided by country livestock, source and form as referenced above.

The countries covered in the lactobacillus probiotic ingredient for animal market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the lactobacillus probiotic ingredient for animal industry as a result of the province's burgeoning market for meat commodities. Increased customer awareness of the depletion of protein-rich commodities is also fuelling the increase in geographical demand.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Lactobacillus Probiotic Ingredient for Animal Market Share Analysis

The lactobacillus probiotic ingredient for animal 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 lactobacillus probiotic ingredient for animal market.

Some of the major players operating in the lactobacillus probiotic ingredient for animal market are:

• Dow (U.S.)
• DuPont (U.S.)
• BASF SE (Germany)
• Perstorp (Sweden)
• Eastman Chemical Company (U.S.)
• Niacet, A Kerry Company (U.S.)
• Macco Organiques Inc. (Canada)
• Mitsubishi Chemical Corporation (Japan)
• Hawkins (U.S.)
• ADDCON GmbH (Germany)
• Impextraco NV (Belgium)
• Kemin Industries, Inc. (U.S.)