Global Probiotics in Animal Feed Market, By Source (Bacteria, Yeast and Fungi), Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets and Others), Form (Dry and Liquid), Function (Nutrition, Gut Health, Yield, Immunity and Productivity), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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 2029.
Market Analysis and Insights of Probiotics in Animal Feed Market
Data Bridge Market Research analyses that the global probiotics in animal feed market will project a CAGR of 7.95% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the animal feed sector, rising consumer consciousness towards the benefits of probiotics and prebiotics, surging number of zoonotic diseases, and increasing personal disposable income by the major companies are the major factors attributable to the growth of probiotics in animal feed market.
Probiotics are the good microorganisms (bacteria, yeast and fungi) that provide a wide range of health benefits to the consumers. Probiotics improve the functioning of vital bodily systems and strengthens the immunity system against numerous diseases. Probiotics improve the gut health, support the digestive system and accelerate the biological processes. As a result, probiotics are being largely used as important ingredients in the animal feed products.
Rising personal disposable income and growing consciousness towards maintaining good animal health are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies, surging implementation of innovative animal husbandry practices, ban on the application or use of animal antibiotics and ever-rising global livestock population are acting as market growth determinants. Improving distribution channel, rising demand for animal based products in the developing economies, growing shift towards natural animal health growth promoters and awareness among consumers about the benefits associated with the consumption of meat and dairy products will further induce growth in the market value.
However, stringent regulations for probiotics in animal feed products to meet the international quality standards will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. High cost associated with the research and development activities will also hamper the market growth rate.
This probiotics in animal feed market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 probiotics in animal feed 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 Probiotics in Animal Feed Market Scope and Market Size
The probiotics in animal feed market is segmented on the basis of source, livestock, form and function. 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.
- On the basis of source, the probiotics in animal feed market is segmented into bacteria and yeast and fungi. Bacteria is further sub- segmented into lactobacilli, bifidobacterium and streptococcus thermophiles. Yeast and fungi is divided into saccharomyces cerevisiae, saccharomyces boulardii, and others.
- Based on livestock the probiotics in animal feed market is segmented into poultry, swine, ruminants, aquaculture, pets, and other.
- Based on the form the probiotics in animal feed market is segmented into dry and liquid.
- Probiotics in animal feed market is also segmented on the basis of function. The function is segmented into nutrition, gut health, yield, immunity, and productivity.
Probiotics in Animal Feed Market Country Level Analysis
The probiotics in animal feed market is analyses and market size, volume information is provided by country, source, livestock, form and function as referenced above.
The countries covered in the probiotics in animal feed market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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).
Asia-Pacific region dominates the probiotics in animal feed market and will continue to flourish its trend of dominance during the forecast period owing to the emerging bacteriophage technology in poultry application in emerging countries, growing livestock population, increasing demand for poultry products, surging urbanization, modernization and globalization, changing lifestyle, and increasing personal disposable income.
The country section of the probiotics in animal feed 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 Probiotics in Animal Feed Market Share Analysis
The probiotics in animal feed 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 probiotics in animal feed market.
Some of the major players operating in the probiotics in animal feed market are Chr. Hansen Holding A/S, DSM, DuPont., Evonik Industries AG, Land O'Lakes, Inc., Kerry., Novus International, Inc., Novozymes, Lesaffre, Lallemand Inc, Alltech, Adisseo, ASAHI GROUP HOLDINGS, LTD., Unique Biotech, Pure Cultures, Vit-E-Men Company, Suguna Foods Private Limited., Provita Eurotech and Protexin among others.