Probiotics In Animal Feed Market Set for Robust Growth: Market Trends, Key Segments, and Demand Forecast to 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Probiotics In Animal Feed Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.25 billion In 2028 At A CAGR Of 9.2% :

The probiotics in animal feed market size has grown strongly in recent years. It will grow from $4.67 billion in 2023 to $5.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to antibiotic reduction in animal agriculture, increased pet population, increased pressure on feed productivity and high demand for faster feed conversion rate, improving animal health and decreasing antibiotic usage in animal feed, increased disease prevalence.

The probiotics in animal feed market size is expected to see strong growth in the next few years. It will grow to $7.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to livestock production intensification, shift towards natural and organic farming, increasing demand for animal protein due to the growing global population, ncreasing industrialized livestock production, growing awareness among farmers and animal nutritionists . Major trends in the forecast period include developing special products for particular animal health needs, microencapsulation and other cutting-edge technologies, research and innovation, customized probiotic solutions, expansion into aquaculture.

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Probiotics In Animal Feed Market Major Segments
The probiotics in animal feed market covered in this report is segmented -

1) By Form Type: Dry, Liquid
2) By Source Type: Bacteria, Yeast and Fungi
3) By Application Type: Cattle, Poultry, Swine, Aquaculture, Other Applications

Key Driver - The Role Of Probiotics In Meeting The Growing Demand For Eggs And Poultry Meat

The growing demand for eggs and poultry meat contributes to the growth of probiotics in the animal feed market. The demand for eggs and poultry meat is increasing because of the rise in population, greater purchasing power, and urbanization. Moreover, increasing awareness about the nutrients and protein from eggs and meat are contributing towards their demand. Probiotics are used as an additive in the poultry feed, which keeps the poultry farm animals disease-free and boosts their immunity to produce more eggs and meat. For instance, in April 2023, the United States Department of Agriculture, a US-based government agency, in 2022, the total value of egg production in the United States was $19.4 billion, a 122% increase from $8.71 billion in 2021. The overall number of eggs produced was 110 billion, a decrease from the previous year. Thus, increased demand for eggs and poultry meat is expected to boost the demand for probiotics in the animal feed during the forecast period.

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Prominent Trend - Strategic Partnerships And Collaborations Driving Growth In The Probiotics In Animal Feed Market

Partnerships and collaborations is a key trend gaining popularity in the probiotics in the animal feed market. The companies operating in the probiotics in the animal feed market are focusing on establishing partnership with relevant technology companies to expand their product development activities and enhance their market reach. For instance, in January 2023, Evonik, a German specialty chemicals company, partnered with Dr. Eckel Animal Nutrition, a German-based animal feed manufacturer. The collaboration will see Evonik expand its animal nutrition gut health portfolio, which presently includes several probiotics targeted at laying hens, to include the phytogenics product class.

Probiotics In Animal Feed Market Players
Major companies operating in the probiotics in animal feed market include Chr. Hansen Holding A/S, Royal DSM N.V., E. I. du Pont de Nemours and Company, Evonik Industries AG, Land O'Lakes Inc., Alltech Inc., Adisseo France SAS, Lallemand Inc., Archer-Daniels-Midland Company (ADM), Orffa Additives B.V., Provita Eurotech Ltd., Calpis Co. Ltd., Danisco A/S, Lesaffre, Novozymes A/S, Ohly GmbH, Kemin Industries Inc., Biomin Holding GmbH, Novus International Inc., Cargill Incorporated, BASF SE, Nutreco N.V., Yakult Honsha Co. Ltd., Novartis International AG, Bayer Aktiengesellschaft, Boehringer Ingelheim International GmbH, Merck & Co. Inc., Zoetis Inc., Elanco Animal Health Incorporated

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the probiotics in animal feed market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global probiotics in animal feed market share during the forecast period. The regions covered in the probiotics in animal feed market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Probiotics In Animal Feed Market Report Structure
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
…..
27. Probiotics In Animal Feed Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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