Press release
Probiotics in Animal Feed Market: Rapid Growth with Striking CAGR of 9.4% Expected to Reach $7.94 Billion by 2029
Probiotics In Animal Feed Market
What Is The Projected Market Size Of The Global Probiotics In Animal Feed Market And Its Growth Rate?
The probiotics in animal feed market is currently experiencing rapid growth, and these trends are expected to continue in the upcoming years.
• The market size has grown from $5.09 billion in 2024 to $5.55 billion in 2025 with a compound annual growth rate (CAGR) of 9.0%.
• The market is expected to grow to $7.94 billion by 2029 at a compound annual growth rate (CAGR) of 9.4%.
What Is Driving The Growth In The Probiotics In Animal Feed Market?
The high demand for eggs and poultry meat is significantly contributing to the growth of the probiotics in the animal feed market. An increase in population, higher purchasing power, urbanization, and heightened awareness about the nutritional benefits of eggs and meat all contribute to this demand. The use of probiotics as poultry feed additives can keep animals disease-free and boost their immunity. For instance, according to a report by the United States Department of Agriculture in April 2023, the total value of egg production in the US in 2022 was $19.4 billion, a 122% increase from $8.71 billion in 2021. To meet this increasing demand for poultry products, the need for probiotics in animal feed is expected to see a surge.
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Who Are the Key Players Driving Probiotics In Animal Feed Market Growth?
Prominent players 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.
What Are The Key Trends In The Probiotics In Animal Feed Market?
Major trends observed in the probiotics in animal feed market include:
• Developing special products for specific animal health needs
• Utilization of microencapsulation and other advanced technologies
• Continued research and innovation
• Creating customized probiotic solutions
• Expansion into aquaculture
What Are The Segments Of The Global Probiotics In Animal Feed Market?
The probiotics in animal feed market can be segmented based on:
1) Form Type: Dry, Liquid
2) Source Type: Bacteria, Yeast and Fungi
3) Application Type: Cattle, Poultry, Swine, Aquaculture, Other Applications
Which Region Leads The Probiotics In Animal Feed Market?
Asia-Pacific dominated the probiotics in animal feed market in 2024. The region is expected to be the fastest-growing in the global probiotics in animal feed market in the coming years.
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What Is Covered In The Probiotics In Animal Feed Market Global Market Report?
- Market Size Analysis: Analyze the Probiotics In Animal Feed Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Probiotics In Animal Feed Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Probiotics In Animal Feed Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Probiotics In Animal Feed Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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