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Probiotics In Animal Feed Market 2023: Outlook, Growth Analysis, Estimated Yield, And Forecast To 2032
Probiotics In Animal Feed Market
As per the probiotics in animal feed market report by The Business Research Company, the growing demand for eggs and poultry meat contributes to the growth of probiotics in the animal feed market.
The global probiotics in animal feed market size grew from $4.26 billion in 2022 to $4.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The probiotics in animal feed market size is expected to grow to $6.35 billion in 2027 at a CAGR of 8.2%.
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Major competitors in the probiotics in animal feed market include Chr. Hansen, Koninklijke DSM N.V., DuPont, Evonik Industries, Land O'Lakes, Calpis Co., Ltd., Ohly, Lesaffre, Alltech, Novozymes, Unique Biotech, Archer Daniels Midland Company (ADM), Advance aqua bio technologies, Danisco A/S, and Kerry Group.
The probiotics in animal feed market is segmented -
• By Form Type: Dry, Liquid
• By Source Type: Bacteria, Yeast and Fungi
• By Application Type: Cattle, Poultry, Swine, Aquaculture, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the probiotics in animal feed market in 2022.
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The probiotics in the animal feed refer to a live microbial feed additive that enhances the intestinal balance of the host animal. Probiotics are widely employed in animal feeding and are regarded as growth and health stimulators. Most probiotics used in animal nutrition are generated commercially and sold in liquid and solid forms.
The Table Of Content For The Probiotics In Animal Feed Market Include:
1. Executive Summary
2. Probiotics In Animal Feed Market Characteristics
3. Probiotics In Animal Feed Market Trends And Strategies
4. Probiotics In Animal Feed Market - Macro Economic Scenario
5. Probiotics In Animal Feed Market Size And Growth
6. Probiotics In Animal Feed Market Segmentation
……
26. Africa Probiotics In Animal Feed Market
27. Probiotics In Animal Feed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Probiotics In Animal Feed Market
29. Probiotics In Animal Feed Market Future Outlook And Potential Analysis
30. Appendix
The "Global Probiotics In Animal Feed Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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