Press release
Probiotics In Animal Feed Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Probiotics In Animal Feed Market Share
What Is the Projected Growth of the Probiotics In Animal Feed Market?
In recent years, there has been significant growth in the market size of probiotics in animal feed. The market, which is expected to increase from $5.09 billion in 2024 to $5.55 billion in 2025, has a compound annual growth rate (CAGR) of 9.0%. Factors such as the reduction of antibiotics in animal agriculture, rising pet population, heightened emphasis on feed productivity, increased demand for a faster feed conversion rate, advancements in animal health and the decrease in antibiotic usage in animal feed, and an increase in disease prevalence have contributed to the growth during the historic period.
The market size for probiotics in animal feed is projected to experience robust growth in the upcoming years, expanding to $7.94 billion by the year 2029 at a compound annual growth rate (CAGR) of 9.4%. Factors contributing to growth during this forecast period include the intensification of livestock production, a transition towards organic and natural farming, the rising demand for animal protein due to a growing global population, increased industrial livestock production, and increased awareness among farmers and animal nutritionists. Notable trends anticipated for the forecast period encompass the creation of specific products designed for unique animal health requirements, advancements in technologies like microencapsulation, research and innovation, tailored probiotic solutions, and expansion into the aquaculture sector.
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What Are the Different Probiotics In Animal Feed Market Segments?
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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What Are the Primary Drivers Shaping the Probiotics In Animal Feed Market?
The escalating necessity for eggs and poultry meat is driving the expansion of probiotics in the animal feed industry. This rising need stems from factors like a burgeoning population, increased wealth, and urbanization. Furthermore, there is an uptick in awareness about the vitamins and protein provided by eggs and meat, subsequently raising their demand. Probiotics are typically mixed into poultry feed, fortifying the poultry livestock against illnesses and enhancing their immunity. This enables them to generate a larger quantity of eggs and meat. For instance, the United States Department of Agriculture, a government agency based in the US, revealed that in 2022, the total egg production value in the United States reached $19.4 billion. This figure represents a 122% increase from $8.71 billion in 2021. However, the total egg count of 110 billion indicated a drop from the previous year. Therefore, the anticipated increase in egg and poultry meat demand will likely stimulate the probiotics demand in animal feed during the prediction period.
Which Companies Are Leading in the Probiotics In Animal Feed Market?
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
What Are the Major Trends Shaping the Probiotics In Animal Feed Market?
The trend of partnerships and collaborations is increasingly becoming popular in the probiotics animal feed market. Firms in this market are seeking to form alliances with relevant tech companies to broaden their product development endeavors and amplify their market presence. An instance of this occurred in January 2023 when Evonik, a German specialty chemicals enterprise, established a partnership with Dr. Eckel Animal Nutrition, a manufacturer of animal feed based in Germany. This partnership will lead to the expansion of Evonik's gut health portfolio for animal nutrition, which currently features several probiotics aimed at laying hens, to encompass the category of phytogenics products.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Probiotics In Animal Feed Market?
2. What is the CAGR expected in the Probiotics In Animal Feed Market?
3. What Are the Key Innovations Transforming the Probiotics In Animal Feed Industry?
4. Which Region Is Leading the Probiotics In Animal Feed Market?
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