Global Animal Feed Probiotics Market 2024

Global Animal Feed Probiotics Market 2024

The global animal feed probiotics market is likely to register a CAGR of over 7.4% with an incremental growth of USD 427.0 million during the forecast period 2024-2030. A rising emphasis on animal health and productivity is a key factor, driven by the livestock industry's need to enhance feed efficiency and improve overall animal well-being. Probiotics are increasingly recognized for their role in promoting gut health, reducing antibiotic use, and enhancing nutrient absorption, making them a vital component in modern animal husbandry practices.

Economic factors also play a crucial role, with growing demand for high-quality animal protein products worldwide. As consumers become more health-conscious and discerning, the livestock industry faces pressure to produce meat, dairy, and poultry products free from antibiotics and other additives. This shift towards natural and sustainable farming practices is driving the adoption of probiotics as a safe and effective alternative to traditional growth promoters.

Additionally, regulatory frameworks and policies supporting the reduction of antibiotic use in animal feed are significantly influencing market dynamics. Governments and international bodies are implementing stringent regulations to curb antibiotic resistance, encouraging farmers and feed manufacturers to turn to probiotics. These regulatory measures, combined with increasing research and development investments, are fostering innovation and expanding the application scope of probiotics in animal nutrition.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the genus, animal type, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global animal feed probiotics market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for animal feed probiotics can be segmented by genus: bifidobacterium, lactobacillus, others.

Animal feed probiotics market is further segmented by animal type: aquaculture, poultry, ruminants, swine, others.

Based on region, the animal feed probiotics market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.

The report also provides a detailed analysis of several leading animal feed probiotics market vendors that include AB Vista, Inc. (Associated British Foods plc), Alltech Inc., Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Bluestar Adisseo Company, Camlin Fine Sciences Ltd., DSM-Firmenich AG, Evonik Industries AG, Kemin Industries, Inc., Lallemand Inc., Ningxia Eppen Biotech Co., Ltd., Novonesis Group, Organica Biotech Pvt. Ltd., Zinpro Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Gain a reliable outlook of the global animal feed probiotics market forecasts from 2024 to 2030 across scenarios.

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The market estimate for ease of analysis across scenarios in Excel format.

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Market Segments Covered in Global Animal Feed Probiotics Industry Analysis:

i.) Genus

• Bifidobacterium
• Lactobacillus
• Others

ii.) Animal type

• Aquaculture
• Poultry
• Ruminants
• Swine
• Others

iii.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America