Probiotics In Animal Feed Market Size, Share & Trends Analysis Report By Form (Dry, Liquid), By Source (Bacteria, Yeast), By Animal Type (Ruminants, Poultry), By Region, And Segment Forecasts, 2024 - 2030

Probiotics In Animal Feed Market Size, Share & Trends Analysis Report By Form (Dry, Liquid), By Source (Bacteria, Yeast), By Animal Type (Ruminants, Poultry), By Region, And Segment Forecasts, 2024 - 2030

Probiotics In Animal Feed Market Growth & Trends

The global probiotics in animal feed market size was estimated to reach USD 9.18 billion in 2030 and is expected to grow at a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Commercially available probiotics for animal nutrition come in both liquid and solid forms. Lactobacillus, Bacillus, Streptococcus, Pediococcus, Enterococcus, Bifidobacterium, and Propionibacterium are some of the most commonly used probiotic bacteria in animal feeds. These probiotics are often formulated with a combination of different species to increase their effectiveness, and some even include fungi and yeast in their composition.

With the demand for protein-rich diets on the rise globally, major players in the industry are ramping up the production of probiotics for animal feed. This is driven by the increasing adoption of probiotics by consumers to prevent disease outbreaks in livestock such as cattle and poultry. As a result, there has been a significant market growth.

The dry probiotics dominated the market by holding a major share in 2023. Dry probiotics have become increasingly popular in recent years due to their convenience and ease of use. Unlike liquid probiotics, which require special handling and storage, dry probiotics are much easier to handle and store. This makes them a preferred choice for many farmers, especially those in large-scale animal farming operations.

Bacterial probiotics accounted for the largest share in 2023. Bacterial strains, including Lactobacillus, Bacillus, and Streptococcus, have been the subject of extensive research and have been found to provide numerous health benefits to animals. These beneficial bacteria can establish themselves in the animal's gut and contribute to maintaining gut health, improving digestion, and boosting the immune system.

The probiotics for poultry feed held the larger market size in 2023. As consumer preference for antibiotic-free and naturally raised poultry continues to rise, poultry producers are turning to alternative methods for ensuring the health and well-being of their flocks. One such strategy that has gained traction in recent years is the use of probiotic supplementation.

Asia Pacific accounted for the largest share of the market. The poultry industry has been thriving in the region, with a significant increase in the number of poultry farms in recent years. This growth can be attributed to the popularity of poultry meat, which is a preferred source of protein for its affordability, versatility, and relatively low environmental impact. As the demand for poultry forms continues to rise, producers are turning to probiotics in their feed to enhance gut health, improve feed efficiency, and, ultimately, increase overall formality.

Major players in the global market include Alltech Inc., Land O'Lakes, Inc., Chr. Hansen A/S, Evonik Industries AG, Kerry Group plc, and DSM. Various steps are adopted by these companies including new form launches, partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.

Probiotics In Animal Feed Market Report Highlights

• Based on form, the liquid segment is estimated to grow with a substantial CAGR over the forecast period. Increasing consumer awareness of the benefits of probiotics in animal nutrition is driving demand for innovative and convenient probiotic solutions. Liquid probiotics, with their ease of use and potential advantages, are well-positioned to capitalize on this growing market demand
• Based on source, the bacterial segment is anticipated to grow with the faster CAGR over the forecast period. Bacterial strains such as Lactobacillus, Bacillus, Streptococcus, and others have been extensively studied and proven to confer various health benefits to animals. These bacteria can colonize and thrive in the animal's gastrointestinal tract, where they help maintain gut health, enhance digestion, and support the immune system
• Based on animal type, the pets segment is expected to grow with the fastest CAGR over the forecast period. The rising trend of prioritizing the health and wellness of pets is evident in the choices made by pet owners. They are now actively seeking out pet food forms that go beyond providing basic sustenance and instead offer nutritional benefits. These benefits include ingredients that support aquaculture, immune function, and overall well-being for their furry companions
• Europe market is expected to grow with a considerable CAGR over the forecast period. Europe is home to some of the largest and most advanced feed mills in the world. These facilities have the infrastructure and technological capabilities to produce high-quality animal feed formulations, including those containing probiotics

Please note The report will be delivered in 4-8 business days upon order notification.