Poultry Probiotics Ingredients Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Poultry Probiotics Ingredients Market Size

According to Vetnosis, the value of the global animal health industry will increase by 12% to $38.3 billion in 2021.

Probiotic ingredients are widely used as feed additives for enhancing growth performance and feed efficiency in pigs, ruminants, aquaculture and poultry animals. It helps the host animal to maintain gastrointestinal flora and improve animal health along with animal products production. Increasing demand for high quality meat due to growing meat & meat products consumption may act as a major contributing factor towards poultry probiotic ingredients industry growth.

The global Poultry Probiotics Ingredients market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

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Pet medical care is the second largest segment in pet industry. In the UK, annual spending on veterinary and other pet services has risen from £2.6bn in 2015 to £4bn in 2021, a 54% increase in just six years. White Paper on China's Pet Healthy Consumption of JD shows that in 2023, there are 13.09 million pets entering middle age and old age. And pet aging is expected to be seen in the next few years. Changes in the age structure of pets will further bring about the development of the pet medical industry. According to the data of the 2022 China Pet Medical Industry White Paper, from the perspective of market size, the scale of China's pet medical market is about ¥67.5 billion, accounting for about 22.5% of the entire pet industry. From the perspective of hospital operation time, pet hospitals within 5 years accounted for about 73%. About 11% of the pet hospitals have been in operation for more than 10 years. From the perspective of hospital turnover, nearly 40% of the hospitals have increased their annual turnover year-on-year, and the growth rate is mainly within 596%.

This report aims to provide a comprehensive presentation of the global market for Poultry Probiotics Ingredients, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Poultry Probiotics Ingredients.

The Poultry Probiotics Ingredients market size, estimations, and forecasts are provided in terms of sales volume (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Poultry Probiotics Ingredients market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Poultry Probiotics Ingredients manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
• Lactobacilli
• Bifidobacterium
• Streptococcus
• Bacillus

By Application
• Broilers
• Layers
• Turkeys
• Breeders
• Chicks

Key Companies
Kemin Industries, Organica Biotech, Neospark

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This release was published on openPR.