Animal Feed Probiotics Market Size - By Product (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus), Livestock (Poultry, Swine, Cattle, Aquaculture, Pet Food, Equine), Growth Prospects, Regional Outlook & Global Forecast, 2023 - 2032
The global animal feed probiotics market is expected to register a CAGR of over 7.9% during 2023-2032, driven by the growing emphasis on livestock health, sustainable agricultural practices, alongside an increased demand for animal products.
According to a World Bank report, for the fiscal year 2023, investments dedicated to new agriculture and food projects directly supporting climate action have reached a total of $3 billion, indicating an increased interest in climate-positive agricultural practices. Amidst this global push for sustainable practices in agriculture, the integration of probiotics in animal feed emerges as a strategic and eco-friendly solution. Aligned with responsible farming practices, probiotics become integral to fostering a balanced, efficient, and environmentally conscious approach to livestock management.
The overall animal feed probiotics industry is classified based on product, livestock, and region.
The Streptococcus product segment is anticipated to grow at a lucrative pace during 2023-2032 driven by the product’s potential in supporting gut health and modulating the microbial balance in the digestive tract of animals. The ongoing advancements in probiotic formulations, aiming to provide tailored solutions for various livestock species, will augment the segment growth.
The cattle livestock segment is poised to witness swift growth through 2032, pertaining to the crucial role of probiotics in optimizing the digestive health of cattle, improving feed efficiency, and supporting overall herd well-being. The need to enhance productivity, reduce environmental impact, and improve health & welfare of livestock has led to an increased demand for probiotics. Furthermore, the rising consumer preference for cleaner animal products will shape the industry dynamics.
Asia Pacific animal feed probiotics industry is poised to witness a robust growth during 2023-2032 driven by the region's booming population, coupled with a rising demand for high-quality animal products. Countries like China and India, with their vast agricultural landscapes, are witnessing increased awareness among farmers regarding the benefits of probiotics. As the region continues to witness advancements in animal husbandry and agriculture, the adoption of probiotics in animal feed is expected to increase further.