Overview and Scope
The probiotics in the animal feed refer to a live microbial feed additive that enhances the intestinal balance of the host animal. Probiotics are widely employed in animal feeding and are regarded as growth and health stimulators. Most probiotics used in animal nutrition are generated commercially and sold in liquid and solid forms.
Sizing and Forecast
The probiotics in animal feed market size has grown strongly in recent years. It will grow from <b>$4.67 billion in 2023 to $5.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the historic period can be attributed to antibiotic reduction in animal agriculture, increased pet population, increased pressure on feed productivity and high demand for faster feed conversion rate, improving animal health and decreasing antibiotic usage in animal feed, increased disease prevalence.
The probiotics in animal feed market size is expected to see strong growth in the next few years. It will grow to <b>$7.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. </b> The growth in the forecast period can be attributed to livestock production intensification, shift towards natural and organic farming, increasing demand for animal protein due to the growing global population, ncreasing industrialized livestock production, growing awareness among farmers and animal nutritionists . Major trends in the forecast period include developing special products for particular animal health needs, microencapsulation and other cutting-edge technologies, research and innovation, customized probiotic solutions, expansion into aquaculture.
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Segmentation & Regional Insights
The probiotics in animal feed market covered in this report is segmented –
1) By Form Type: Dry, Liquid
2) By Source Type: Bacteria, Yeast and Fungi
3) By Application Type: Cattle, Poultry, Swine, Aquaculture, Other Applications
<b>Asia-Pacific</b> was the largest region in the probiotics in animal feed market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the global probiotics in animal feed market share during the forecast period. The regions covered in the probiotics in animal feed market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing demand for eggs and poultry meat contributes to the growth of probiotics in the animal feed market. The demand for eggs and poultry meat is increasing because of the rise in population, greater purchasing power, and urbanization. Moreover, increasing awareness about the nutrients and protein from eggs and meat are contributing towards their demand. Probiotics are used as an additive in the poultry feed, which keeps the poultry farm animals disease-free and boosts their immunity to produce more eggs and meat. For instance, in April 2023, the United States Department of Agriculture, a US-based government agency, in 2022, the total value of egg production in the United States was $19.4 billion, a 122% increase from $8.71 billion in 2021. The overall number of eggs produced was 110 billion, a decrease from the previous year. Thus, increased demand for eggs and poultry meat is expected to boost the demand for probiotics in the animal feed during the forecast period.
Key Industry Players
Major companies operating in the probiotics in animal feed market include <b> Chr. Hansen Holding A/S, Royal DSM N.V., E. I. du Pont de Nemours and Company, Evonik Industries AG, Land O’Lakes Inc., Alltech Inc., Adisseo France SAS, Lallemand Inc., Archer-Daniels-Midland Company (ADM), Orffa Additives B.V., Provita Eurotech Ltd., Calpis Co. Ltd., Danisco A/S, Lesaffre, Novozymes A/S, Ohly GmbH, Kemin Industries Inc., Biomin Holding GmbH, Novus International Inc., Cargill Incorporated, BASF SE, Nutreco N.V., Yakult Honsha Co. Ltd., Novartis International AG, Bayer Aktiengesellschaft, Boehringer Ingelheim International GmbH, Merck & Co. Inc., Zoetis Inc., Elanco Animal Health Incorporated </b>
The probiotics in animal feed market report table of contents includes:
1. Executive Summary
2. Probiotics In Animal Feed Market Characteristics
3. Probiotics In Animal Feed Market Trends And Strategies
4. Probiotics In Animal Feed Market – Macro Economic Scenario
5. Global Probiotics In Animal Feed Market Size and Growth
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31. Global Probiotics In Animal Feed Market Competitive Benchmarking
32. Global Probiotics In Animal Feed Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Probiotics In Animal Feed Market
34. Probiotics In Animal Feed Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Chr. Hansen Holding A/S
Royal DSM N.V
Land O’Lakes Inc
Alltech Inc
Adisseo France SAS
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