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Animal Feed Probiotics Market Key Players, Industry Overview, Supply Chain, Analysis to 2031| Alltech, Danisco Animal Nutrition (Dupont), Chr. Hansen Holding A/S,

12-16-2021 10:30 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: FMI

Animal Feed Probiotics Market

Animal Feed Probiotics Market

The animal feed probiotics market value is expected to total US$ 3,113.3 Mn in 2021, according to Future Market Insights (FMI). The overall animal feed probiotics market value is expected to reach US$ 6,997.2 Mn by 2031, growing at a CAGR of 8.4% for 2021-31.

Rising demand for quality feed to improve cattle and poultry yield will remain a chief growth driver. As per FMI, demand for animal feed probiotics will surge at a high pace in the livestock segment, in terms of animal type.

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“The retail industry has become more organized and it is predicted to grow across a variety of consumer product categories. The global animal feed probiotics market is predicted to be driven by the expansion of global retail chains, both physical and digital, as well as the expansion of product lines.” said a lead analyst at FMI.

Impact of COVID-19 on the Animal Feed Probiotics Market

Animal feed probiotics labelling may be subjected to enhanced scrutiny following the COVID-19 pandemic. More information on the potential role of food in the transmission of the virus through local and international trade is being sought by national food safety authorities and the International Food Safety Authorities Network (INFOSAN) Secretariat.

Clean label legal animal feed probiotics products will be in high demand as a result of these trends. The recovery of the global economy would eventually lead to an increase in per capita income and the adoption of healthier animal lives, which will boost the market in the forecast period.

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Key Takeaways from the Animal Feed Probiotics Market Study:

On the basis of animal type, demand in livestock segment is expected to grow at a CAGR 6.7% over the forecast period and to be valued at US$ 3,483.9 Mn by 2031 end.
Companion animals, equine and aquaculture combined are responsible for approximately 25.7% of the market in 2021. Demand from companion animals is expected to expand at 13.7% CAGR over the forecast period and to be valued at US$ 1,533.8 Mn by 2031 end.
Equine is estimated to account for 5.0%, revenue share of the global animal feed probiotics market by 2021 end and is expected to gain 65 bps in its market share by 2031 over 2021. Aquaculture is expected to create absolute $ opportunity of US$ 377.6 Mn between 2021 and 2031.

Key Developments:

In July 2021- Alltech addressed one of the hot topics at the recent virtual “Alltech ONE ideas conference” where how to feed livestock in the future by several speakers, who discussed how to take into account the carbon footprint, sustainable feed sources and human and animal health, while producing enough food in the future.
In May 2021- Alltech introduced a new line of Lifeforce™ premium equine supplements to the market, backed by more than 40 years of scientific research and formulated with field-proven technologies.
In July 2021- DuPont (Animal Nutrition) launched expansion of the industry-leading novel phytase enzyme, Axtra® PHY GOLD in Malaysia, Thailand and Australia. While Axtra® PHY GOLD was first launched in India in 2020 and will eventually be available across all markets in Asia Pacific, pending regulatory authorizations.

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Competition Deep Dive:

A few of the leading players operating in the animal feed probiotics market are Alltech, Danisco Animal Nutrition (Dupont), Chr. Hansen Holding A/S, Novus International, Inc., Royal DSM, Lallemand, Pure Cultures LLC, Calpis Co., Ltd., Adisseo.

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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

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