Global Probiotics in Swine Feed Market - Industry Trends and Forecast to 2029

Global Probiotics in Swine Feed Market Analysis and Size

In recent years, the market for probiotics in swine feed is anticipated to grow rapidly during the forecast period of 2022-2029. Probiotics are living bacteria and yeasts that are beneficial to one's health, particularly the digestive system. The purpose of probiotics in animal feed is to keep animals healthy by boosting their immune systems, enhancing skin and digestive functions, lowering bodily infections, and protecting proteins and lipids from oxidative damage. Expanding consumer awareness of meat and dairy products, health concerns associated to animals, and increasing industrialization of animal-processed product are the various factors that led to the introduction of probiotics in swine feed in the market. The demand for probiotics for animal feed is expected to remain high as government agencies impose regulations on the use of antibiotics.

• Data Bridge Market Research analyses that the probiotics in swine feed market was valued at USD 1.21 billion in 2021 and is expected to reach USD 2.19 billion by 2029, registering a CAGR of 7.70% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, patent analysis, pricing analysis, production consumption analysis, and technological advancements.

Global Probiotics in Swine Feed Market Definition

Probiotics are beneficial bacteria that are necessary for the development of an animal's immune system. If consumed properly, they have the ability to provide a variety of health benefits. This enhances the animal's ecological mechanism and ecology, as well as reducing the animal's over-reliance on antibiotics.

COVID-19 Impact on Probiotics in Swine Feed Market

COVID-19 has wreaked havoc on nearly every industry, including infrastructure, transportation, oil and gas, manufacturing, and others. Most countries enacted lockdown limitations to combat the COVID-19 pandemic, which have now been gradually removed on a phase-by-phase and industry-by-industry basis. As a result of the lockdown in several nations during the pandemic, the market for probiotics in animal feeds has met few hurdles during shipping and distribution. However, in response to increased farmer demand, government rules relevant to the business were adopted in most countries, resulting in a boost in growth opportunities in the dry form of probiotics in the animal feed segment. This will also increase the growth of probiotics in swine feed market. 

The Market Dynamics of the Probiotics in Swine Feed Market Include

• Rise in the production of compound feed

The increasing production of compound feed will enhance the growth rate of probiotics in swine feed market. Compound feeds are in high demand in Asia Pacific, North America, and Europe, thanks to rising demand for meat and meat products and a growing awareness of the necessity of protein-rich diets among consumers worldwide. China, the United States, Brazil, Mexico, Spain, India, and Russia are the world's leading feed producers. These countries' demand for chicken and red meat has been increasing, contributing to the market's expansion.

• Increasing incidences of intestinal diseases among livestock species

The rise in incidences of intestinal diseases among livestock species will accelerate the probiotics in swine feed market’s growth rate.

Furthermore, the probiotics in swine feed market is also being driven by significant factors such as the upsurge in the level of disposable income and increasing urbanization. Probiotics in swine feed market is estimated to rise rapidly over the forecast period because of surging demand of animal based products among increasing population and growth of livestock industry. The increasing preference towards the consumption of meat and meat related products will influence the revenue growth of probiotics in swine feed market. The rising demand of natural growth promoters will accelerate the market’s growth. Another significant factor involving the increasing concern about animal health to prevent disease occurrences will cushion the growth rate of probiotics in swine feed market.  

• Rise in number of strategic collaborations will boost new market opportunities

The rise in number of strategic collaborations will extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Along with this increasing number of research and development activities will further create lucrative and remunerative growth opportunities for the probiotics in swine feed market during the forecast period 2022-2029.  

Moreover, increasing technological advancement and emerging new markets will create profitable opportunities for probiotics in swine feed market in the future.

Restraints/Challenges faced by the Probiotics in Swine Feed Market

• Supply chain disruptions will pose a threat to the unprecedentedly growing market demand

With the rising number of restrictions around the globe due to COVID-19 pandemic, there has been a hit in the demand and also have a negative impact on supply chain. This factor will obstruct the growth rate of probiotics in swine feed market. 

• High cost of R&D activities will act a market restrain

However, the market for probiotics in swine feed is forecast to be constrained by the high cost associated with research and development activities. The high cost of employing qualified professionals, as well as significant investments in R&D activities and laboratories, research equipment, and the high cost of hiring trained professionals, constitute impediments to the development of the probiotics industry in animal feed. The market's performance is based on scientific validation of probiotics' use in various applications. Because probiotic applications are related to health advantages, it's difficult for manufacturers to achieve a good return on their expensive initial investments.

Also, increasing number of regulation and international quality standard will further pose challenges for the growth of market. International quality standards and regulations for probiotics in animal feed products will act as major restrains and further impede the growth rate of probiotics in swine feed market.

This probiotics in swine feed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 probiotics in swine 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.

Recent Development

• In September 2020, ADM Animal Nutrition had developed Forage First GS to provide high-quality gastrointestinal health nutrition. Its unique combination of substances helps the equine maintain a healthy gastric pH while also protecting and strengthening the stomach lining.

Global Probiotics in Swine Feed Market Scope

The probiotics in swine feed market is segmented on the basis of source, sales channel, form and function. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Bacteria
• Yeast
• Fungi

On the basis of source, the probiotics in swine feed market is segmented into bacteria, yeast and fungi. Bacteria is further segmented into bifidobacterium, enterococcus, lactobacillus, pediococcus, bacillus, propionibacterium, streptococcus, and others. Yeast and fungi is further segmented into saccharomyces cerevisiae, saccharomyces boulardii, and other.

Sales Channel

• Modern Trade
• Specialty Stores
• Online Stores
• Convenience Stores
• Direct Sales

Based on sales channel, the probiotics in swine feed market is segmented into modern trade, specialty stores, online stores, convenience stores, and direct sales.

Form

• Dry
• Liquid

Based on the form, the probiotics in swine feed market is segmented into dry and liquid.

Function

• Nutrition
• Gut Health
• Yield
• Immunity
• Productivity 81

The probiotics in swine feed market is also segmented on the basis of function. The function is segmented into nutrition, gut health, yield, immunity, and productivity 81.

Probiotics in Swine Feed Market Regional Analysis/Insights

The probiotics in swine feed market is analyzed and market size insights and trends are provided by country, source, sales channel, form and function as referenced above.

The countries covered in the probiotics in swine feed market report are the U.S., Canada, Mexico in North America, Germany, Poland, Ireland, 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, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific dominates the probiotics in swine feed market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing awareness among the livestock growers about the benefits linked with probiotics for livestock. Additionally, swift urbanization will further flourish the market’s growth rate in this region.

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 such as 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 Probiotics in Swine Feed Market Share Analysis

The probiotics in swine 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 swine feed market.

Some of the major players operating in the probiotics in swine feed market are Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (US), Evonik Industries AG (Germany), Land O'Lakes (US), MITSUI & CO., LTD. (Japan), Ohly (Denmark), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Unique Biotech (India), and Pure Cultures (US), Kerry (Ireland), NOVUS INTERNATIONAL (USA), Lallemand Inc. (Canada), Adisseo (China), ASAHI GROUP HOLDING, Ltd. (Japan), Vit-E-Men Company (US), Suguna Foods Private Limited. (Udumalaipettai), Protexin (UK), and Provita Eurotech (UK), among others.

Research Methodology : Global Probiotics in Swine Feed Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

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, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-probiotics-in-swine-feed-market

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