Press release
Animal Feed Probiotics Market Poised for Significant Growth, Projected to Reach $6.07 Billion by 2029
Meticulous Research®, a global leader in market research, has recently published a groundbreaking research report titled 'Animal Feed Probiotics Market by Source (Bacteria [Lactobacillus, Bifidobacterium, Streptococcus thermophilus, Bacillus]), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animals), Form (Liquid), and Geography- Global Forecast to 2029.'
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In this latest publication, Meticulous Research® anticipates the animal feed probiotics market to reach $6.07 billion by 2029, exhibiting a noteworthy CAGR of 7.1% from 2022 to 2029. The growth is propelled by several factors, including the increasing demand for animal protein, the rising preference for probiotics as an antibiotic alternative, a surge in intestinal disorders in livestock, and the expanding production of compound feed.
The ongoing shift towards natural growth promoters is set to open lucrative opportunities for market players. However, the market faces challenges due to complex regulations regarding the use of probiotics in animal feed products, hindering growth to some extent.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/animal-feed-probiotics-market-5288
Market Segmentation:
The animal feed market is meticulously segmented based on source (bacteria, yeast), animal type (poultry, ruminants, swine, aquaculture, pets, other animals), and form (liquid, dry). The report provides a detailed evaluation of industry competitors and conducts a comprehensive analysis at both regional and country levels.
Key Findings:
1. Bacteria Segment Dominates: In 2022, the bacteria segment is poised to claim a significant share of the animal feed probiotics market. This is attributed to the growing use of bacteria strains as a sustainable alternative to antibiotic growth promoters, coupled with increasing consumer awareness regarding feed quality. The demand for bacterial strain probiotics is further fueled by their benefits in improving digestion, animal performance, and the immune system.
2. Aquaculture Segment Growth: The aquaculture segment is expected to witness the highest CAGR during the forecast period. This surge is driven by the increasing use of probiotics to enhance the health, performance, and growth of farmed fishes and shrimps. The consistent growth of the aquaculture industry and the need to ensure the health and safety of fish further contribute to the segment's expansion.
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3. Liquid Segment Dominance: In 2022, the liquid segment is expected to hold a larger share of the animal feed probiotics market. This dominance is attributed to the advantages of liquid probiotics, including fast absorption rates, ease of digestion, and higher optimization.
4. Asia-Pacific Growth Hub: Asia-Pacific is projected to register the highest CAGR during the forecast period. The region's growth is fueled by increased consumer awareness, large poultry and cattle meat production in countries like China and India, and a rising number of innovations in probiotic formulations. Stringent regulations on antibiotic use in feed supplements further contribute to the region's lucrative opportunities.
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Key Players:
The key players making significant contributions to the probiotics in animal feed market include The Archer-Daniels-Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Dupont de Nemours, Inc. (U.S.), Evonik Industries AG (Germany), Koninklijke DSM N.V. (Netherlands), Orffa International Holding B.V. (Netherlands), Novozymes A/S (Denmark), Kemin Industries (U.S.), and Provita Eurotech Ltd (U.K.).
Meticulous Research® continues to lead the way in delivering unparalleled insights, providing industry stakeholders with a strategic edge in navigating the evolving landscape of the Animal Feed Probiotics Market.
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