Probiotics in Animal Feed Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Probiotics in Animal Feed Market

The Probiotics in Animal Feed Market size was valued at USD 3.56 USD billion in 2023, and the market is now projected tgrow t9.46 USD billion by 2032, exhibiting a CAGR of 7.24% during the forecast period of 2023-2030.

The pandemic has been anticipated tbe a bane for the entire industrial developments of various market and fields. This has affected the overall supply and demand chains of the particular market. As a result of the government's lockdown and other steps tstop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of product related tthis domain. These factors affected the Probiotics in Animal Feed Market growth.

A primary driver of the global market is the growing knowledge among pet and cattle owners of the positive impact probiotics have on the general performance of their animals. The strict regulation of synthetic feed additives, which are known thave negative health effects on both humans and animals, has elevated probiotics tthe forefront of the animal feed industry and accelerated global expansion. These particular growth driving factors have been recorded tattribute the Probiotics in Animal Feed Market Share.

It is necessary for a product market twalk with the trends in order tincreases its lucracy and profits in shares and all over revenue. Because of the strong increase in the consumption of products produced from animals and its anticipated future growth trajectory, clean-label regulations have alsgained attention. Producers and cattle owners are now more likely tchoose natural products that increase their animals' productivity. The market for probiotics in animal feed is expanding sustainably, which is in line with these developments. There are a number of well-known companies with a moderately consolidated structure in the worldwide probiotics market for animal feed. It is anticipated that the growing usage of fungus and yeast in animal feed probiotics would have a favorable effect on the market share of probiotics in animal feed over the forecast years. Among the most popular uses for probiotics based on yeast is in ruminant feed.

Comprehensive Analysis of Probiotics in Animal Feed Market

The segmentation of this particular market has been divided and then further subdivided intvarious categories. Because of the favorable demand dynamics and similarly robust production conditions, the poultry industry continues tbe one of the most profitable application areas for probiotics in the animal feed business. However, because tpoor sanitation and hygiene practices, chicken flocks are frequently exposed tinfections like Salmonella enterica, Escherichia coli, and Campylobacter jejuni. Growing worries about antibiotic resistance have pushed manufacturers tadopt natural alternatives. The market size for probiotics in animal feed is impacted by the fact that lactic acid bacteria (LAB) is still one of the most commonly used strains in chicken feed. These particular segmentations have been categorized intsuch groups sthat their attribution tthe overall revenue systems are properly recorded studied sas tdetermine which is the leading and most beneficial segment of all.

The heavy reliance on animal-based food products in dietary patterns is the main driver of growing markets including those in the Asia Pacific, Middle East, and Africa. The strain on cattle tproduce more with fewer inputs has been increasing over time. In addition tenhancing animals' general performance, the addition of probiotics tanimal feed has shielded them from unpleasant chemicals and intestinal infections. The major probiotic companies in the animal feed sector are reaching these emerging markets by providing sustainable and antibiotic-free animal nutrition products. Additionally, poultry is still a high-quality, reasonably priced, and adaptable source of protein for human consumption in these areas, sprobiotics in animal feed are expected tgrow rapidly in these markets. The region is expected tmaintain a significant proportion during the projected period.

Global markets are fiercely competitive and highly fragmented. Due ttheir creative packaging solutions, a few group of large market companies hold a fair amount of market share. Some of the major Companies includes Hansen A/S (Denmark), DaniscA/S (Denmark), Koninklijke DSM N.V. (Netherlands), Lallemand Inc. (Canada), Calpis C(Japan), and Provita Eurotech Ltd (Ireland).

In March 2021, This particular company has attributed the market growth in terms of revenue and shares system. The POULTRYSTAR hatchery gel drop synbiotic, which BIOMIN introduced for day-old chicks, is renowned for combining the power of carefully chosen probiotic bacterial strains with a prebiotic that specifically encourages beneficial bacteria that are vital for the digestive health of poultry.

Segmentation Table

ATTRIBUTE DETAILS

By Microbial Genus Lactobacillus

Bifidobacterium

Yeast and other microbes

By Application Ruminant

Poultry

Swine

Aquaculture

Others

By Geography North America (U.S., Mexico, and Canada)

Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, and Rest of Asia Pacific)

South America (Brazil, Argentina and Rest of South America)

Middle East & Africa (South Africa, UAE, and Rest of Middle East & Africa)