Press release
Global Probiotics In Animal Feed Market to Reach $7.95 Billion by 2029, Growing at 0.093866466293268% CAGR
Probiotics In Animal Feed Market
The surge in demand for poultry meat and eggs is fueling the expansion of probiotics in the animal feed market. The popularity of eggs and poultry meat is on the rise due to an increasing population, higher purchasing abilities, and urbanization. In addition, heightened awareness of the nutrients and protein found in eggs and meat is enhancing their demand. Probiotics are utilized as additives in poultry feed, safeguarding poultry farm animals from diseases and bolstering their immunity to produce an abundance of eggs and meat. To illustrate, in April 2023, the United States Department of Agriculture, a United States government agency, revealed that the total egg production value in the United States was $19.4 billion in 2022, a significant 122% escalation from $8.71 billion in 2021. However, egg production in total saw a decrease from the previous year, amounting to 110 billion. Consequently, the growing demand for eggs and poultry meat is anticipated to invigorate the demand for probiotics in animal feed throughout the forecasted period.
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What Is the projected market size and growth rate for the probiotics in animal feed market?
In recent times, the market for probiotics in animal feed has seen robust growth. It is projected to expand from a size of $5.09 billion in 2024 to reach $5.55 billion in 2025, at a compound annual growth rate (CAGR) of 9.0%. The previous growth period is attributed to the reduction of antibiotics in animal farming, a rise in the pet population, increased strain on feed productivity, and a high demand for swift feed conversion rates. Other contributing factors include the enhancement of animal health, decrease in antibiotic usage in animal feed, and a surge in disease prevalence.
Expectations are high for significant growth in the probiotics in animal feed market within the next few years. The market is projected to expand to $7.94 billion in 2029 with a compound annual growth rate (CAGR) of 9.4%. The forecasted growth is due in large part to intensifying livestock production, a shift towards natural and organic farming, a rise in the demand for animal protein driven by an increasing global population and the growth of industrialized livestock production. Other of causing factors include enhanced awareness among farmers and animal nutritionists. The forecast also points to emerging trends such as the development of distinct products tailored to specific animal health needs, pioneering technologies like microencapsulation, innovative research, bespoke probiotic solutions, and a foray into aquaculture.
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What new trends are reshaping the probiotics in animal feed market and its opportunities?
A major trend emerging in the probiotics in animal feed market is the focus on partnerships and collaborations. Companies in this sector are aiming to amplify their product development activities and market penetration by forming alliances with relevant technology firms. For example, in January 2023, German specialty chemicals corporation Evonik joined forces with Dr. Eckel Animal Nutrition, an animal feed manufacturing company also based in Germany. This collaboration will aid Evonik in broadening its animal nutrition gut health suite, which currently encompasses various probiotics aimed at laying hens and will now also incorporate the class of phytogenic products.
What major market segments define the scope and growth of the probiotics in animal feed market?
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
Subsegments:
1) By Dry: Powder, Granules, Pellets
2) By Liquid: Solutions, Suspensions, Emulsions
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Which region dominates the probiotics in animal feed market?
Asia-Pacific was the largest region in the probiotics in animal feed market in 2024. 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.
Which key market leaders are driving the probiotics in animal feed industry growth?
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., Bayer Aktiengesellschaft, Boehringer Ingelheim International GmbH, Merck & Co. Inc., Zoetis Inc., Elanco Animal Health Incorporated
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What Is Covered In The Probiotics In Animal Feed Global Market Report?
•Market Size Forecast: Examine the probiotics in animal feed market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the probiotics in animal feed market for a structured understanding.
•Key Players Overview: Analyze major players in the probiotics in animal feed market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the probiotics in animal feed market.
•Segment Contributions: Evaluate how different segments drive overall growth in the probiotics in animal feed market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the probiotics in animal feed market.
•Industry Challenges: Identify potential risks and obstacles affecting the probiotics in animal feed market.
•Competitive Landscape: Review strategic developments in the probiotics in animal feed market, including expansions, agreements, and new product launches.
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