Probiotics in Animal Feed Market Overviews
Probiotics in Animal Feed Market size was valued at US$ 5.65 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 8.8% through 2024 to 2030, reaching nearly US$ 10.21 Bn.
Probiotics are recognized as growth and health enhancers and are commonly used in animal feed, especially for pigs and poultry. They are often defined as "live microbial feed additives that benefit the host animal by enhancing intestinal balance." Probiotics consist of beneficial bacteria that inhabit the intestines, where billions of these microorganisms (including some yeast) thrive. These advantageous gut bacteria help maintain a stable internal environment, preventing disease and supporting overall health. This report on the probiotics in animal feed market includes a detailed segment analysis based on factors such as source, livestock type, form, and region.
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Probiotics in Animal Feed Market Scope and Methodology:
The demand for compound feeds is surging in regions such as Asia Pacific, North America, and Europe, driven by a robust appetite for meat and meat products, as well as a growing awareness of the importance of protein-rich diets among consumers globally. The Food and Agriculture Organization (FAO) projects that food production will need to rise by 60% by 2050, with a yearly increase of 1.7% in demand for animal protein. The leading producers of animal feed include countries like China, the United States, Brazil, Mexico, Spain, India, and Russia. The rising demand for chicken and red meat in these nations is significantly boosting the growth of the probiotics in animal feed market.
Probiotics in Animal Feed Market Regional Insights
Asia Pacific region is expected to hold the largest probiotics in animal feed market shares of xx% by 2027. Livestock farmers have been under constant pressure to provide the highest possible yield with the fewest possible inputs. As a result, probiotics in animal feed increase overall animal performance while also protecting against dangerous diseases. Due to steady demand for chicken products, rising rates of meat consumption due to increasing population, and increased understanding about the benefits of probiotics in animal feed, China and India are key income contributors in this region.
Probiotics in Animal Feed Market Segmentation
Based on Livestock: The market is categorized into Ruminants, Poultry, Swine, Aquaculture, Pets, and Other livestock. The Poultry segment is projected to capture the largest market share of XX% by 2030. The growing preference for poultry meat can be attributed to its lower fat content compared to beef and veal. Furthermore, the US Food and Drug Administration (USFDA) has prohibited the use of antibiotics as feed additives to promote faster growth in cattle and poultry. In response, major companies are focusing on providing high-quality probiotics for livestock feed, particularly for poultry. These factors are anticipated to drive the growth of the Poultry segment in the Probiotics in Animal Feed market during the forecast period from 2024 to 2030.
Probiotics in Animal Feed Market Key Players
Du Chr. Hansen (Denmark)
Koninklijke DSM N.V. (Netherlands)
DuPont (US)
Evonik Industries (Germany)
Land O'Lakes (US)
Mitsui & Co., Ltd. (Japan)
Ohly (Denmark)
Lesaffre (France)
Alltech (US)
Novozymes (Denmark)
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Key questions answered in the Probiotics in Animal Feed Market are:
- What is Probiotics in Animal Feed ?
- What was the Probiotics in Animal Feed market size in 2023?
- What is the growth rate of the Probiotics in Animal Feed Market?
- Which are the factors expected to drive the Probiotics in Animal Feed market growth?
- What are the different segments of the Probiotics in Animal Feed Market?
- What growth strategies are the players considering to increase their presence in Probiotics in Animal Feed ?
- What are the upcoming industry applications and trends for the Probiotics in Animal Feed Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Probiotics in Animal Feed Market?
- Who are the leading companies and what are their portfolios in Probiotics in Animal Feed Market?
- What segments are covered in the Probiotics in Animal Feed Market?
- Who are the key players in the Probiotics in Animal Feed market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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