Press release
Global Animal Feed Probiotics Market Set to Surge to $6.07 Billion by 2029, Driving Innovation in Livestock Nutrition
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The increasing inclusion of probiotics in commercial animal feed for livestock and poultry is revolutionizing gastrointestinal health, leading to enhanced animal well-being. This growing awareness among livestock owners, pet enthusiasts, and farmers about the numerous benefits probiotics offer, particularly in terms of improving digestive health and boosting immunity, is expected to fuel the market's growth over the forecast period.
Key Market Drivers: The Push for Safe and Nutritional Animal Feed
As the global demand for high-quality, safe, and nutrient-rich animal feed continues to rise, manufacturers are increasingly focusing on improving product quality and safety without compromising cost-effectiveness. Probiotics, especially in cattle feed, are proving instrumental in enhancing animal performance, digestion, and immune function.
The International Feed Industry Federation (IFIF) reports that global annual compound feed production has reached a staggering 1 billion tons. The substantial production of compound feed, particularly in developing countries, combined with the rising use of feed ingredients like probiotics, is anticipated to further bolster market demand.
Impact of COVID-19 on the Animal Feed Probiotics Market
The COVID-19 pandemic had a notable impact on the animal feed probiotics market, particularly in 2020. With global supply chains disrupted, there was a significant reduction in the export of poultry, beef, and pork. Panic buying and stockpiling of animal feed by farmers, coupled with transportation and logistics challenges, led to further strains on the market. The pandemic-induced lockdowns, workforce shortages, and port congestions created additional hurdles for the supply of animal feed and probiotics across various regions, particularly Southeast Asia. As a result, sales volumes were negatively affected during 2020 and 2021.
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Segment Highlights: Probiotics by Source, Animal Type, and Form
Source Segment: The yeast segment is forecasted to witness the highest growth during the 2022-2029 period, driven by stringent regulatory measures in Europe and North America aimed at reducing antibiotic use in animal feed. The use of yeast probiotics, known for improving fiber digestibility and enhancing animal performance, has led to increased production of milk and eggs.
Animal Type: Poultry is set to dominate the market, holding the largest share in 2022. This growth is primarily fueled by the rising demand for antibiotic-free poultry products and increased poultry consumption in developing markets.
Form Segment: The dry form of probiotics is anticipated to grow at a higher CAGR through 2029. Preferred for its ease of storage, longer shelf life, and cost efficiency, dry probiotics are becoming increasingly popular in animal feed applications.
Geographical Insights
The Asia-Pacific region is expected to command the largest share of the animal feed probiotics market in 2022, with significant growth expected in China and India. Key factors include heightened consumer awareness, stringent regulations on antibiotic use in feed supplements, and increasing innovations in probiotic formulations. The region's expanding poultry and cattle meat production also presents lucrative opportunities for industry players.
Leading Market Players
Several global leaders are actively shaping the animal feed probiotics market, including: 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.).
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Related Reports:
Feed Premix Market: https://www.meticulousresearch.com/product/feed-premix-market-4083
Probiotics Market: https://www.meticulousresearch.com/product/probiotics-market-5113
Animal Protein Market: https://www.meticulousresearch.com/product/animal-protein-market-5824
Animal Feed Market: https://www.meticulousresearch.com/product/animal-feed-market-5393
Feed Additives Market: https://www.meticulousresearch.com/product/feed-additives-market-5082
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