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Probiotics In Animal Feed Market Growth Accelerates: Strategic Forecast Predicts $7.94 Billion by 2029
Probiotics In Animal Feed
What Will the Probiotics In Animal Feed Industry Market Size Be by 2025?
The market size for probiotics in animal feed has experienced significant growth in the past few years. The market value is projected to increase from $5.09 billion in 2024 to $5.55 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.0%. Several factors have contributed to this historical growth path, including the reduction of antibiotics in animal farming, an uptick in pet population, increments in feed productivity pressure, an escalating demand for faster feed conversion rates, enhancements in animal health, and a decrease in antibiotic use in animal feed, coupled with an increase in disease prevalence.
What's the Long-Term Growth Forecast for the Probiotics In Animal Feed Market Size Through 2029?
Expectations are high for robust expansion in the market size of probiotics in animal feed in the upcoming years. It's projected to escalate to $7.94 billion by 2029, with a compound annual growth rate (CAGR) of 9.4%. Factors propelling this growth include intensified livestock production, a shift towards natural and organic farming methods, a surge in demand for animal protein driven by the rising global population, increased industrialized livestock production, and heightened awareness amongst farmers and animal nutritionists. Forecasts indicate trends such as product development targeted at specific animal health requirements, utilization of microencapsulation and other advanced technologies, research and innovation, tailored probiotic solutions, and branching out into aquaculture.
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What Are the Key Growth Drivers Fueling the Probiotics In Animal Feed Market Expansion?
The escalating requirement for poultry meat and eggs is fuelling the expansion of the probiotics segment in the animal feed market. The surge in population, amplified buying power, and urban development are propelling the demand for eggs and poultry meat. In addition, heightened cognizance of the nutritional value and protein in eggs and meat is also driving their demand. Probiotics serve as an additive in poultry feed, eradicating diseases in poultry farm animals while enhancing their immunity, thereby increasing egg and meat production. For example, in April 2023, the US Department of Agriculture, a US government organisation, revealed that the total value of egg production in the US in 2022 amounted to $19.4 billion, representing a 122% surge from the $8.71 billion recorded in 2021. However, the total egg production decreased from the prior year to 110 billion. Consequently, the burgeoning demand for poultry meat and eggs is anticipated to drive the demand for probiotics in animal feed in the forecast period.
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What Are the Key Trends Driving Probiotics In Animal Feed Market Growth?
Key strategic alliances and cooperative efforts are becoming an increasingly significant trend in the animal feed probiotics industry. Companies within this sector are focusing on partnering with technology firms that align with their goals, in order to broaden their product development efforts and augment their market presence. For example, in January 2023, Evonik, a German company specializing in unique chemical solutions, entered into a partnership with Dr. Eckel Animal Nutrition, a company known for manufacturing animal feed based in Germany. This alliance is set to broaden Evonik's animal nutrition gut health portfolio, which currently boasts a range of probiotics designed for laying hens, through the addition of phytogenics, another product category.
How Is the Probiotics In Animal Feed Market Segmented?
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 Companies Are Leading the Charge in Probiotics In Animal Feed Market Innovation?
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
Which Regions Are Leading the Global Probiotics In Animal Feed Market in Revenue?
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.
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