Probiotics in Animal Feed Market: Significant Growth Expected by 2028

According to a recent research report titled "Probiotics in Animal Feed Market" by MarketsandMarkets, the global probiotics in animal feed market is projected to witness substantial growth, reaching USD 7.1 billion by 2028, up from USD 4.6 billion in 2023. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 9.1% during the forecast period in terms of value. The driving force behind this expansion is the escalating demand for meat and meat products, which aligns with the increasing global population.

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Enhancing Animal Performance and Health:

Probiotics are becoming pivotal in improving animal performance, enhancing their health, reducing disease risks, and aligning with consumers' preferences for healthy and sustainable products. With the rising demand for meat products, livestock producers are constantly seeking ways to optimize animal nutrition and well-being. In response to this demand, probiotics have emerged as a potential solution by improving gut health, enhancing nutrient absorption, and strengthening the immune systems of animals. Consequently, the demand for probiotics in animal feed is set to rise as livestock producers aim to maximize productivity and animal health.

Bacteria as a Dominant Source:

Among the various sources of probiotics, bacteria holds a significant market share, primarily due to its well-established presence in the industry. Bacteria-based probiotics have been widely studied and commercialized over an extended period, making them more familiar to customers. Moreover, they exhibit superior bile resistance compared to yeast, ensuring that bacteria-based probiotics reach the intestine and colon, where they are most effective. These factors contribute to the growth of the bacteria segment in the probiotics in animal feed market.

Asia Pacific Driving Market Growth:

The Asia Pacific region is expected to play a substantial role in boosting the growth of the probiotics in animal feed industry during the forecast period. This is driven by the rapid expansion of the livestock industry in the region, which is a consequence of population growth, urbanization, and an increasing demand for animal protein products. Countries such as China, India, and Southeast Asian nations have witnessed a substantial surge in meat consumption, thereby necessitating improved animal nutrition and health management. This, in turn, fuels the demand for probiotics in animal feed.

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Key Players:

Key players in this industry include ADM (US), Chr. Hansen Holding A/S (Denmark), Evonik Industries AG (Germany), Land O'Lakes Inc. (US), DSM (US), and Novozymes (Denmark). The research report includes a comprehensive competitive analysis of these key players, offering insights into their company profiles, recent developments, and key market strategies.

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This release was published on openPR.