Probiotics in Animal Feed Market Research Analysis by key Players till 2032
The probiotics in animal feed market has witnessed substantial growth over the past decade, driven by increasing awareness about animal health and the benefits of probiotics. Probiotics are live microorganisms that, when administered in adequate amounts, confer health benefits on the host. In animal feed, they are used to improve gut health, enhance immune function, and increase overall productivity.
The market for probiotics in animal feed was estimated to be worth USD 0.2 billion in 2022. The market for probiotics in animal feed is expected to expand at a compound annual growth rate (CAGR) of 8.6% between 2023 and 2030, from USD 0.27 billion in 2023 to USD 0.4 billion.
Market Overview
The global probiotics in animal feed market is segmented based on source, livestock, form, and region. The sources of probiotics include bacteria, such as Lactobacillus and Bifidobacterium, and yeast. The livestock segment comprises poultry, swine, ruminants, aquaculture, and others. Probiotics are available in dry and liquid forms, catering to the diverse needs of the animal feed industry.
Key Players:
Chr. Hansen Holding A/S (Denmark), Novozymes (Denmark), Kerry Group (Ireland), DuPont de Nemours Inc. (US), Evonik Industries AG (Germany), Land O'Lakes Inc. (US), Pure Cultures (US), Bluestar Adisseo Co.Ltd. (China), Novus International Inc. (US), Koninklijke DSM N.V. (Netherlands), Schouw & Co. (Denmark), Lesaffre (France), Unique Biotech (India), Lallemand Inc. (Canada), and Alltech (US)
Industry Analysis
The growing demand for high-quality animal products, such as meat, milk, and eggs, has led to an increased focus on animal health and nutrition. Probiotics play a crucial role in maintaining the health of livestock by balancing gut microbiota, enhancing nutrient absorption, and reducing the need for antibiotics. This has led to their increased adoption in animal feed.
- Poultry: In the poultry industry, probiotics are used to improve feed conversion efficiency, enhance growth performance, and reduce the incidence of diseases such as Salmonella and E. coli infections. The rising demand for antibiotic-free poultry products has further fueled the adoption of probiotics in this sector.
- Swine: Probiotics help in maintaining gut health, improving nutrient utilization, and enhancing growth rates in pigs. They are particularly beneficial during the weaning period, reducing stress and preventing post-weaning diarrhea, a common issue in piglets.
- Ruminants: In ruminants like cattle and sheep, probiotics aid in improving fiber digestion, increasing milk yield, and enhancing overall health. They also play a role in reducing methane emissions, contributing to more sustainable livestock farming practices.
- Aquaculture: The aquaculture industry benefits from probiotics through improved water quality, enhanced growth rates, and better disease resistance in fish and shellfish. Probiotics also help in maintaining the microbial balance in aquaculture systems, promoting a healthier environment for aquatic species.
Market Trends
Several trends are shaping the probiotics in animal feed market, driving its growth and evolution:
- Increased Focus on Sustainability: There is a growing emphasis on sustainable animal farming practices, with probiotics playing a key role. By reducing the need for antibiotics and enhancing feed efficiency, probiotics contribute to more sustainable and eco-friendly livestock production.
- Rising Demand for Natural and Organic Products: Consumers are increasingly seeking natural and organic animal products. This has led to a surge in demand for natural feed additives like probiotics, which are perceived as safer and healthier alternatives to synthetic additives.
- Technological Advancements: Advances in biotechnology and microbiology are leading to the development of more effective probiotic strains. These innovations are enhancing the efficacy of probiotics, making them more appealing to livestock producers.
- Regulatory Support: Regulatory bodies across the globe are recognizing the benefits of probiotics in animal feed and are providing support through favorable regulations and guidelines. This is encouraging more farmers to adopt probiotics in their feed formulations.
- Growing Awareness and Education: Increased awareness and education about the benefits of probiotics among livestock producers are driving market growth. Industry stakeholders are conducting workshops, seminars, and training programs to educate farmers about the advantages of probiotics in animal feed.
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Table of content:
- Executive Summary
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Dynamics
To be continued....
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