Press release
Probiotics Animal Feed Market to Reach $7.45 Bn by 2030 at 8.5% CAGR
Probiotics Animal Feed Market
The global probiotics animal feed market is witnessing significant expansion, driven by increasing awareness of animal health and a growing demand for high-quality animal products. As of 2023, the market is valued at approximately USD 4.21 billion and is projected to reach USD 7.45 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period.
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Competitive Landscape and Regional Demand
The market is characterized by intense competition, with key players actively enhancing their product portfolios and global presence. Notable companies include ADM, International Flavors & Fragrances Inc., CHR. HANSEN HOLDING A/S, Evonik Industries AG, Land O'Lakes, DSM, Ohly, Novozymes, Alltech, Kemin Industries, Inc., Provita Animal Health, Orffa, and Lesaffre.
United States: Growth and Consolidation
In the United States, the probiotics animal feed market is experiencing growth due to increased awareness of animal health and a rising demand for high-quality animal products. Companies like ADM and Kemin Industries, Inc. are prominent players in the region, contributing to market expansion.
Asia Pacific: Opportunities and Expansion
The Asia Pacific region dominates the global probiotics animal feed market, accounting for a substantial share due to the presence of leading economies such as China, India, and Japan. The region's robust industrial infrastructure and burgeoning manufacturing sector present significant opportunities for probiotics animal feed producers and suppliers.
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Middle East and Africa: Trends and Developments
The Middle East and Africa are experiencing moderate growth in the probiotics animal feed market, supported by ongoing industrialization in key economies such as Saudi Arabia and South Africa. Companies like Provita Animal Health have announced the establishment of new probiotics animal feed production plants, enhancing the region's production capacity.
Europe: Growth and Innovation
Europe has demonstrated significant demand for probiotics animal feed, driven by major economies such as Germany, the United Kingdom, and France. The region's focus on sustainability and environmental stewardship has led to the adoption of probiotics animal feed in sectors such as livestock farming. Companies like CHR. HANSEN HOLDING A/S and Evonik Industries AG are key manufacturers in the European probiotics animal feed market, leveraging advanced manufacturing practices and stringent quality standards to drive market demand.
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Market Segmentation: In-Depth Analysis:
by Form
Dry
Liquid
by Source
Yeast and Fungi
Bacteria
by Application
Poultry
Swine
Ruminants
Aquaculture
Pets
Others
The global market for probiotics in animal feed is divided into several segments, including ruminant, poultry, aquaculture, and swine. According to estimates, the poultry segment would hold the biggest proportion of the global probiotics animal feed market in 2023. In 2023, the application of broiler feed grew at the fastest rates in Africa (about 10%) and Europe (around 7%). As a result, the poultry industry saw a sharp increase in demand for probiotic animal feed. China and Brazil are predicted to have the highest poultry application rates due to their higher living standards, cheaper application costs, and significant export demand in addition to domestic consumption.
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-probiotics-animal-feed-market/65175/
Learn about the top players driving innovation in the Market :
1. Koninklijke DSM N.V.
2. Alltech, Inc.
3. Chr. Hansen Holding A/S
4. Evonik Industries AG
5. Adisseo France SAS
6. Lallemand Inc.
7. Novus International, Inc.
8. Calpis Co., Ltd.
9. Aquabio Environmental Technologies, Inc.
10. Arla Foods
11. E.I. Du Pont De Nemours and Company
12. Epicore BioNEtworks Inc.
13. Fritz Industries, Inc.
14. General Mills, Inc.
15. Groupe Danone
16. Lallemend Health Co.Ltd.
17. Mother Dairy
18. Nebraska Cultures Inc.
19. Nestle S.A.
20. Royal DSM N.V.
21. Specialty Enzymes & Biotechnologies Co.
22. United tech Inc.
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