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Global Probiotics in Animal Feed Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Probiotics in Animal Feed Market value is expected to reach $8.6 billion growing at a CAGR of 8.8% during 2022-2028.Probiotics are living microorganisms that, when given in sufficient dosages, boost the host's health. To maintain the microbial ecosystems of the digestive tract in both ruminant and monogastric animals, probiotics are widely employed as feed supplements. Probiotics are viewed as a secure and effective substitute for antibiotics. They replenish and balance the digestive system's beneficial microorganisms. Supplementing probiotics in animal feed positively alter the gut microbiota, reduce illness symptoms and pathogen shedding and promotes disease resistance.
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Europe is projected to have the highest CAGR over the forecast period, owing to the growing demand for meat and poultry products. Producers in the area supplement animal feed with bacteria and yeast species like Saccharomyces cerevisiae to boost animal performance and satisfy the region's rising demand for meat and poultry products. The expansion of the market in this area has been boosted by technological advancements in the usage of animal feed to enhance the performance of pets.
Some of the key players profiled in the Probiotics in Animal Feed Market include Danisco Animal Nutrition, Alltech, Evonik Industries AG, Chr. Hansen Holding A/S, Novus International, Inc, Lallemand, Royal DSM, Calpis Co Ltd, Pure Cultures LLC, Adisseo, ADM, Land O'Lakes, Koninklijke DSM, Novozymes, Provita Eurotech Ltd, Lesaffre, Agrihealth, Arm & Hammer Animal Nutrition, Advance Aqua Bio Technologies and Orffa International Holding BV.
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