Animal Feed Probiotics Market Size by Product (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus) by Livestock (Poultry {Broiler, Layer, Turkey}, Swine {Starter, Grower, Sow}, Cattle {Dairy, Calf}, Aquaculture {Salmon, Trout, Shrimp, Carp}, Pet food

Animal Feed Probiotics Market Size by Product (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus) by Livestock (Poultry {Broiler, Layer, Turkey}, Swine {Starter, Grower, Sow}, Cattle {Dairy, Calf}, Aquaculture {Salmon, Trout, Shrimp, Carp}, Pet food {Cat, Dog}, Equine) COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The global animal feed probiotic market is projected to propel significantly through 2030 owing to the hike in compound feed production.

Major corporations are increasing their research and development spending in order to introduce cutting-edge animal feed, which is expected to positively impact market expansion. The demand for convenient and ready-to-eat meat products is rising, which is likely to drive industry revenues in the Europe region. Furthermore, the Asia Pacific market is set to experience growth due to an increase in the prevalence of intestinal disorders in cattle.

The animal feed probiotic market has been classified in terms of product, livestock, and region.

Based on product, the Bifidobacterium segment is slated to proliferate at more than 6% CAGR from 2022 to 2030 as boilers can use a variety of Bifidobacterium applications to lessen the likelihood of cellulitis-related carcass contamination, which results in the significant need in the animal sector. The others segment is set to showcase steady market expansion over the analysis timeline because of the growing emphasis on daily livestock healthcare and the availability of a wide range of products, including various strains that may aid in reaching desired outcomes.

With respect to livestock, the poultry segment is estimated to witness sizeable growth over the review period credited to the demand for chicken goods like eggs and meat rising, which is driving up the scale of poultry production and, consequently, the demand for probiotics for animal feed.

Meanwhile, the aquaculture segment is expected to proliferate substantially by 2030 ascribed to the inclination to consume more seafood is increasing the demand for nutrient-rich aquaculture feed to attain high-quality marine livestock. On the other hand, the equine segment is anticipated to register positive valuation through the assessment years driven by the increasing trend of pet parenthood.

In terms of the regional outlook, the Europe animal feed probiotic market is set to experience robust growth rate over the review timeline attributed to the growing regional demand for seafood. The other factors impacting European revenues are the introduction of new technology and the inclusion of healthy components in animal feed.

In the meantime, the Middle East & Africa animal feed probiotic industry is set to amass significant profits by 2030 since the expansion of other industries has increased demand for fish food while lowering total costs and enhancing global consumer access to seafood. Industry demand has fueled investment growth with a goal of creating better, safer technology.