Global Animal Feed Probiotics Market Set to Reach US$ 12 Billion by 2032

The worldwide Animal Feed Probiotics Market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 9.1%. This growth is expected to propel the market from its present valuation of US$ 5 billion to a robust US$ 12 billion by the conclusion of 2032.

Probiotics, encompassing beneficial bacteria, yeast, and fungi, offer a multitude of health advantages to consumers. These microorganisms fortify the immune system's defenses against a wide range of diseases and enhance the functionality of vital immunological processes. Furthermore, probiotics promote digestive well-being, facilitating the digestive process and expediting biological digestion. Consequently, probiotics are frequently employed as essential constituents in animal feed formulations.

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Key Takeaways:

• The most effective sales channel for animal feed probiotics is direct sales, with modern trade following closely behind.

• Dry form probiotics are anticipated to capture a larger market share when compared to their liquid counterparts.

• China is poised to become the largest market for animal feed probiotics, with India following as the second-largest market.

• The European market for animal feed probiotics will be led by Germany, closely followed by France.

• The United States is projected to drive high demand for meat and related products, establishing dominance in the North American animal feed probiotics market.

• In terms of source, lactobacillus bacteria is expected to take the lead in the segment.

• Among non-bacterial sources, yeast is estimated to hold the largest share.

Competitive Landscape:

Prominent manufacturers of animal feed probiotics are concentrating on releasing effective and novel products at reasonable rates to gain a greater portion of the global animal feed probiotics market.

Researchers also play an essential role in the global market as many major businesses collaborate with researchers to produce more efficient animal feed probiotics. Market participants are also attending global events and conferences to promote their products to prospective clients.

• A team of academics at Kazan Federal University in Russia stated in July 2022 that they are mixing agricultural minerals with probiotics to produce a new category of feed additives called synbiotics. These probiotics for animal feed are expected to be healthier and more eco-friendly than current probiotics.
• Terragen, an Australian firm, displayed its products at the International Greenhouse Gas and Animal Agriculture Conference in the United States in July 2022. The company displayed its product, MYLO, a probiotic that boosts productivity in dairy cows.

Market Titans

• Chr. Hansen Holding A/S
• Nestle SA
• Adisseo France SAS
• Novus International, Inc.
• Calpis Co., Ltd.
• Lallemand Inc.
• DuPont Company
• Evonik Industries AG
• Koninklijke DSM N.V.
• Kerry Group plc
• Alltech, Inc.
• Lesaffre et Compagnie, SA,
• Pure Cultures LLC

Why are Sales of Animal Feed Probiotics Set to Grow Swiftly?

“Growing Awareness & Concerns about Animal Safety & Health”

Numerous shifts in people’s dietary choices and consumption habits worldwide, such as a rise in dairy and meat product consumption, have been observed.

Increasing demand for animal products such as meat, dairy, and other non-food items has led to higher demand for animal feed probiotics, bolstering the global market growth.

 “Technological Developments & Innovations in Feed Industry”

Innovation has been a major focus area in the feed industry, especially for additives, with regulatory agencies such as the Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) constantly active in the research and discovery of sustainable feed additives.

“Growing Usage of Probiotics as Substitute for Antibiotics“

Probiotics are living yeasts and bacteria that provide a variety of health advantages. They replenish and balance beneficial bacteria in the digestive system. Probiotics are deemed to be an effective and safe substitute for antibiotics.

• As per the Natural Resources Defense Council, antibiotic resistance induces over 2.5 million illnesses and between 40,000 and 170,000 animal deaths annually in the United States.

Segmentation of Animal Feed Probiotics Industry Research:

·         By Source :

• Bifidobacterium
• Lactobacillus
• Bacillus
• Enterococcus
• Streptococcus
• Pediococcus
• Saccharomyces
• Propionibacterium
• Yeast
• Others

·         By Animal :

• Companion Animals
• Poultry
• Cattle
• Swine
• Aquaculture
• Other Animals

·         By Form :

• Liquid
• Dry

·         By Region :

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key Questions Covered in the Report

• What are the key factors driving animal feed probiotics market?
• Why China is a leading animal feed probiotics market?
• How is demand for animal feed probiotics market rising?
• Which is the most preferred sales channel for animal feed probiotics market?
• What are the key challenges faced by animal feed probiotics manufacturers?
• What is the impact of Covid-19 on animal feed probiotics market?

 

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