Global Probiotics in Ruminants Market, By Source (Bacteria, Yeast and Fungi), Sales Channel (Modern Trade, Specialty Stores, Online Stores, Convenience Stores, Direct Sales), Form (Dry, Liquid), Function (Nutrition, Gut Health, Yield, Immunity, Productivity), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, 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, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights of Probiotics in Ruminants Market
Data Bridge Market Research analyses that the probiotics in ruminant’s market will project a compound annual growth rate (CAGR) of 7.70% during the forecast period of 2022-2029. Growing rate of ruminant population especially in the developing economies such as China and India, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural and farming practices, high growth in emerging countries coupled with high adoption of innovative technologies, surging demand for treated animal feed, implementation of innovative animal husbandry practices and increasing industry competitiveness are the major factors attributable to the growth of probiotics in ruminants market.
Probiotics are infused in the feed for ruminants to improve their gut health and improve the overall efficiency and effectiveness of the immunity system. Probiotics in ruminant feed provide a wide range of health benefits and promote the overall mind and body development.
Growing awareness about the benefits of probiotics for animals particularly ruminants, increase in the prevalence of diseases and disorders and animals, ban on the use of antibiotic growth promoters in animal feed, and increasing livestock population around the world will emerge as the major factors fostering the growth of the market. Also, surging concerns regarding the safety of ingredients used to produce animal feed, rising shift towards natural growth promoters, growing rate of industrialization, and rising expenditure for research and development proficiencies in regards to new product launches are other important factors fostering the growth of the market. Increase in awareness about feed quality and safety and rising popularity of meat and meat related products will further create lucrative and remunerative growth opportunities for the market.
However, supply chain disruptions as a result of COVID-19 pandemic is a major factor that will pose a major challenge to the growth of the market. Also, fluctuating costs of the raw materials, dearth of awareness, stringent regulations imposed by the government pertaining to the animal feed products and lack required infrastructure facilities in the underdeveloped economies will further slowdown the market growth rate. Also, high costs of research and development operations would hamper the market growth rate.
This probiotics in ruminants 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 ruminant’s 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 Ruminants Market Scope and Market Size
The global probiotics in ruminants’ market is segmented on the basis of source, sales channel, 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 ruminants 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 sales channel, the probiotics in ruminants market is segmented into modern trade, specialty stores, online stores, convenience stores, and direct sales.
- Based on the form, the probiotics in ruminants market is segmented into dry and liquid.
- The probiotics in ruminants market is also segmented on the basis of function. The function is segmented into nutrition, gut health, yield, immunity, and productivity.
Probiotics in Ruminants Market Country Level Analysis
The global probiotics in ruminants market is analyses and market size, volume information is provided by country by source, sales channel, form and function as referenced above.
The countries covered in the probiotics in ruminants market report are U.S., Canada, Mexico, Germany, Poland, Ireland, 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, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa.
Asia-Pacific region dominates the probiotics in ruminants market and will continue to flourish its dominance during the forecast period owing to the easy availability of microbial products, rising research and development proficiencies, increasing demand for probiotics in animal feed especially in India and China, increase in government initiatives to promote the growth of agricultural industry, rising product innovations and growing personal disposable income.
The country section of the probiotics in ruminants 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 Ruminants Market Share Analysis
The global probiotics in ruminants 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 ruminants market.
Some of the major players operating in the probiotics in ruminants 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.
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