Press release
Global Animal Feed Probiotics Market Is Slated To Expand At A CAGR Of Close To 7% Over The Next Ten Years
Rise in human population has propelled demand for livestock and the need for additional supplements in the diet for companion as well as livestock animals for appropriate nutrition, owing to which, production and consumption of animal feed probiotics has been amplified.
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Key Takeaways from Market Study
The global animal feed probiotics market is anticipated to add 2X value by 2031 as compared to 2021.
Lactobacillus bacteria captures a governing share of the market, and is set to create over a billion dollar opportunity over the long-term forecast period.
Companion animals is the fastest growing segment and will acquire nearly one-sixth market share by 2031.
APEJ is set to dominate market revenue in 2021, and is expected to gain 327 BPS in its market share by 2031.
Modern trade is anticipated to lose around 272 BPS over the forecast period of 2021-2031.
China, India, Germany, and the United States of America are key countries dominating demand for animal feed probiotic products.
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Key Market Segments Covered
Source
Bacteria-based Animal Feed Probiotics
Bifidobacterium
Enterococcus
Lactobacillus
Pediococcus
Bacillus
Propionibacterium
Streptococcus
Others
Non-bacteria-based Animal Feed Probiotics
Yeast
Fungal
Animal
Animal Feed Probiotics for Companion Animals
Animal Feed Probiotics for Livestock
Poultry
Cattle
Swine
Aquaculture
Other Animals
Form
Liquid Animal Feed Probiotics
Dry Animal Feed Probiotics
Sales Channel
Animal Feed Probiotics Sold through Modern Trade
Animal Feed Probiotics Sold at Specialty Stores
Animal Feed Probiotics Sold by Online Retailers
Animal Feed Probiotics Sold at Convenience Stores
Animal Feed Probiotics Sold through Direct Sales
Regions
North America
Latin America
Europe
Japan
APEJ
MEA
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Competitive Landscape
Aforementioned market players are considered as prominent players in the animal feed probiotics market. Key market players are focusing on various strategies such as partnerships, acquisitions, mergers, and expansion in the market to target the immense potential.
For instance, on June 09, 2020, Chr. Hansen Holding A/S acquired UAS Labs. Through this, the company will be able to leverage six trademarks and access a new customer base.
Epicore BioNEtworks Inc. was acquired by Neovia SAS to expand in Canada. In the same vein, on February 1st, 2021, Novus Int. sold its feed quality and pigment business, which will help the company focus on core products and in developing innovative technologies to produce the best products.
Report Benefits & Key Questions Answered
Animal Feed Probiotics Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
Animal Feed Probiotics Market Historical volume analysis: The report provides a comparison of Animal Feed Probiotics Market historical sales and projected sales performance for 2021-2031.
Animal Feed Probiotics Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Animal Feed Probiotics Market It carefully gauges the impact of changing healthcare needs of key demographics globally
Animal Feed Probiotics Market Consumption by demographics: The report investigates consumer behavior affecting Animal Feed Probiotics Market demand outlook for the assessment period. Effect of their keenness for digital trends on Animal Feed Probiotics Market is carefully analyzed
After reading the Animal Feed Probiotics Market report, readers can:
Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
Analyze key regions holding significant share of the total Animal Feed Probiotics Market revenue.
Study the growth outlook of the global Animal Feed Probiotics Market scenario, including production, consumption, history and forecast.
Learn consumption pattern and impact of each end use on the Animal Feed Probiotics Market growth.
Investigate the recent R&D projects performed by each Animal Feed Probiotics Market player.
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