Pet Probiotics Market Size Demand Analysis 2022-2029

The Pet Probiotics Market is expected to grow at a CAGR of 7% during the forecast period 2022-2029. North America region has the highest market share in the Pet Probiotics Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

There has been a shift toward an increase in the consumption of meat and dairy products as a result of a number of changes that have been observed in the population's consumption patterns and dietary habits. This has led to an increase in the use of feed additives, which has boosted the growth of probiotics in the animal feed market. This has led to an increase in the demand for various animal products like milk, dairy products, meat products, eggs, and other non-food items. As a result, worldwide food demand has increased as a result of rapid population growth.

Customers are now paying more attention to their health and putting more of an emphasis on feeding livestock diets that are high in nutrients. Micronutrients like iron, zinc, and vitamins are abundant in livestock products like milk, meat, and eggs. Due to the health benefits associated with probiotic consumption, there has been an increase in demand for probiotics in pet food. In addition, they enhance resistance, which in turn leads to an improvement in the immune system, and they assist in maintaining the microbial flora in the intestinal tract of pets. Irritable bowel syndrome, infectious diarrhoea, inflammatory bowel disease, and antibiotic-related diarrhoea all benefit from their treatment. As a result, animals are able to get the most nutrition out of the feed, which improves the quality of animal products.

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Market Segmentation:

By Livestock:
• Cattle
• Swine
• Aquaculture
• Pet
• Equine
• Others

By Form:
• Dry
• Liquid
• Capsules
• Others

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Covered:

Chr. Hansen (Denmark), Kinglike DSM N.V., DowDuPont, Evonik Industries, Land O'Lakes. Other players include Lallemand, Bluestar Adisseo Co., Lesaffre, Alltech, Novozymes, Calpis Co. Ltd., Schouw & Co., Unique Biotech, Pure Cultures, Kerry, and Mitsui & Co., Ltd.

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This release was published on openPR.