Consumption Of Animal Feed Probiotics Is Projected To Boost At A CAGR Of 9.1% Through 2032

The global animal feed probiotics market is anticipated to expand at a CAGR of 9.1%, increasing from its current value of US$ 5 billion to US$ 12 billion by the end of 2032. The market is mainly driven by growing concerns across the world about animal health and safety.

The extraordinary COVID-19 pandemic has had a significant impact on the world economy. The food business, one of the most significant economic sectors, has had a significant impact on every step of the process, from the farm to the consumer. The food business is under too much pressure as a result of labour mobility limitations, the closure of food manufacturing facilities, and changes in consumer demand.

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The study provides useful market information for bacteria feed probiotics that can be put to use. The most recent research from Fact.MR includes historical market data and industry forecasting along with information on the market's current state in several countries. The research also provides data on the market for bacteria feed probiotics, including sales and demand figures for various industries.

The global animal feed probiotics market is slated to expand at a CAGR of close to 7% over the next ten years, owing to growing demand for meat and related products, increasing popularity of companion animals, and advancements in molecular biology and gene sequencing. Most of the demand for will come from APEJ, Europe, and North America. Sales of liquid probiotics in animal feed will amount the around 55% of overall global market share.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Bacteria feed probiotics market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Bacteria feed probiotics
This newly published and insightful report sheds light on Market Insights of Bacteria feed probiotics, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Bacteria feed probiotics Market.

Predictions of animal feed probiotics market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.

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Key Market Segments Covered

• Source
o Bacteria-based Animal Feed Probiotics
 Bifidobacterium
 Enterococcus
 Lactobacillus
 Pediococcus
 Bacillus
 Propionibacterium
 Streptococcus
 Others
o Non-bacteria-based Animal Feed Probiotics
 Yeast
 Fungal
• Animal
o Companion Animals
o Livestock
 Poultry
 Cattle
 Swine
 Aquaculture
 Other Animals
• Form
o Liquid
o Dry
• Sales Channel
o Animal Feed Probiotics Sold through Modern Trade
o Animal Feed Probiotics Sold at Specialty Stores
o Animal Feed Probiotics Sold by Online Retailers
o Animal Feed Probiotics Sold at Convenience Stores
o Animal Feed Probiotics Sold through Direct Sales
• Regions
o North America
o Latin America
o Europe
o Japan
o APEJ
o MEA

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.

"Demand for animal feed probiotics is set to grow in accordance with regional policies and livestock animal industry tunes, "says a Fact.MR analyst.

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Fragmented High Potential Market: Competition Tuning Factor

Key manufacturers of animal feed probiotics are Adisseo France SAS, Calpis Co., Ltd., Chr. Hansen Holding A/S, DuPont Company, Evonik Industries AG, Nestle SA, Novus International, Inc., Koninklijke DSM N.V., Lallemand Inc., Alltech, Inc., Lesaffre et Compagnie SA, Kerry Group plc, and Pure Cultures LLC. The market is fragmented in nature, and most of the big players are positioned in Asia Pacific and Europe.

Growing demand for animal feed probiotics has allowed the market valuation to grow rapidly in the past half-decade. Despite market fragmentation, higher potential of the product will attract new players into the market over the coming years.

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