Global Probiotics in Animal Feed Market Size to Grow USD 7.3 Billion by 2026 | CAGR of 8.8%

The Global Probiotics in Animal Feed Market Size was valued at USD 4.8 billion in 2021 and the worldwide probiotics in animal feed market size is expected to reach USD 7.3 billion by 2026, according to a research report published by MarketsandMarkets™. Companies Covered: Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DuPont (US), Evonik Industries (Germany), Land O'Lakes (US), Mitsui & Co., Ltd. (Japan), Ohly (Denmark), Lesaffre (France), Alltech (US), Novozymes (Denmark), and Pure Cultures (US) and among others.

The global probiotics in animal feed market size to grow from USD 4.4 billion in 2020 to USD 7.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 8.8% during projected period. The global market was estimated to reach about USD 4.8 billion in 2021. The demand for probiotics in animal feed in fortified foods is projected to remain high due to the increasing awareness about their benefits, and willingness of consumers to purchase premium products incorporated with probiotics in animal feed. The use of probiotics in animal feed has shown positive effects on overall animal health. The market for poultry has been increasing gradually over the past decade with the growing demand for egg and poultry meat across the globe.

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Innovations have been a key focus area in the feed industry, particularly for additives, wherein regulatory bodies, such as the European Food Safety Authority (EFSA) and Food and Drug Administration (FDA), are constantly engaged in research and identification of sustainable feed additives. To meet the growing demand, feed manufacturers are offering the best ingredients and technologies to develop innovative additive combinations.

Based on the insights received from the field studies, ~70% of feed manufacturers have begun combining different feed additives to benefit from the combined results. This increased dependence on innovations in the additives industry has also led to an increase in the number of on-farm testing sessions conducted.

The key players in this market include Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DuPont (US), Evonik Industries (Germany), Land OLakes (US), Mitsui & Co., Ltd. (Japan), Ohly (Denmark), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Unique Biotech (India), and Pure Cultures (US).

Browse 237 market data Tables and 56 Figures spread through 272 Pages and in-depth TOC on "Probiotics in Animal Feed Market by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria, Yeast), Form (Dry, Liquid), and Region (North America, Europe, Asia Pacific, South America, & Rest of World) - Global Forecast to 2026". Get Detailed Report Description Here:

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Poultry segment is projected to be the largest segment in the probiotics in animal feed market during the forecast period.

Due to its low-fat content as compared to beef and veal, the consumption of poultry meat has increased over the years. The US Food and Drug Administration (USFDA) banned the usage of antibiotics as feed supplements to help livestock and poultry grow faster. Therefore, prominent players are more focused on providing high-quality probiotics in animal feed for livestock such as poultry.

The dry form in animal feed segment is projected to account for the fastest growth during the forecast period.

The dry form of probiotics is preferred in animal feed as it is easy to transport, enhances shelf-life, and has low-moisture content when compared to liquid form, which would further make it unsuitable for consumption. Apart from this, dry probiotics are expected to create a lucrative opportunity for manufacturers in the coming years, especially from North America.

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Asia Pacific region is projected to account for the largest market size during the forecast period.

Developing countries, particularly in the Asia Pacific region, offer high-growth opportunities in the probiotics in animal feed market due to the rise in awareness among consumers to supplement consumption and a high occurrence of various diseases. Related companies are projected to engage in forwarding or backward integration to tap the market opportunities. The production of poultry and cattle meat products is projected to be the highest in countries such as China, and India, which is driving the market for probiotics in animal feed in this region.

Market Segment:

This study forecasts revenue at global, regional, and country levels from 2021 to 2026. Spherical Insights has segmented the Global Probiotics in Animal Feed Market based on the below-mentioned segments:

Global Probiotics in Animal Feed Market, By Source

· Yeast and fungi
· Bacteria

Global Probiotics in Animal Feed Market, By Livestock

· Ruminants
· Poultry
· Swine
· Aquaculture
· Pets
· Other livestock

Global Probiotics in Animal Feed Market, By Form

· Dry
· Liquid

Global Probiotics in Animal Feed Market, By Region

· North America
· Europe
· Asia Pacific
· South America
· Rest of World (RoW)

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