Market Structure, Emerging Trends, and Key Player Analysis of Probiotics in Animal Feed

Probiotics are becoming an essential component in animal nutrition, driving significant changes in feed formulations worldwide. With an increasing emphasis on sustainable livestock management and disease prevention, the probiotics in animal feed industry is on a promising path of expansion. Let's explore the market's current size, major players, emerging trends, and segmentation details to understand the future outlook of this dynamic sector.

Market Projection and Growth Outlook for the Probiotics in Animal Feed Market
The probiotics in animal feed market is projected to experience substantial growth, reaching a value of $8.64 billion by 2030. This expansion is expected to occur at a compound annual growth rate (CAGR) of 9.4%. Several factors contribute to this positive outlook, including the rising demand for sustainable animal nutrition, increasing attention on disease prevention among livestock, growth in aquaculture feed markets, wider adoption of precision feeding methods, and heightened investments in functional feed additives. Key market trends during this period comprise the increased use of antibiotic-free feed alternatives, a growing focus on probiotics for livestock health, expanding demand specifically for poultry and aquaculture probiotics, developments in liquid and encapsulated feed additive forms, and a stronger emphasis on improving feed efficiency.

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Leading Companies Driving the Probiotics in Animal Feed Market Forward
Several prominent companies dominate the probiotics in animal feed sector, such as 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, Orffa Additives B.V., Provita Eurotech Ltd., Danisco A/S, Lesaffre, Novozymes A/S, Ohly GmbH, Kemin Industries Inc., Biomin Holding GmbH, Novus International Inc., Cargill Incorporated, BASF SE, and Nutreco N.V. A remarkable development occurred in February 2024 when Novozymes A/S, a Danish firm specializing in industrial enzymes and microbial solutions, merged with Chr. Hansen Holding A/S to form Novonesis. This merger aims to establish a global leader in animal nutrition, food, and health by combining Novozymes' strength in enzyme technologies with Chr. Hansen's expertise in microbial and probiotic solutions, ultimately offering integrated products that enhance livestock gut health, feed efficiency, and overall productivity.

Collaborative Trends Strengthening the Probiotics in Animal Feed Industry
Strategic partnerships are playing a vital role in driving growth within the probiotics in animal feed market by enabling companies to broaden their product lines and expand their global influence. For example, in January 2023, German specialty chemicals company Evonik teamed up with Dr. Eckel Animal Nutrition, an animal feed manufacturer based in Germany. This collaboration allows Evonik to augment its gut health portfolio for animal nutrition, which includes various probiotics for laying hens, by incorporating phytogenics products, thereby diversifying and strengthening its offerings.

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Detailed Segmentation of the Probiotics in Animal Feed Market
The probiotics in animal feed market is categorized into several segments to provide clarity on product types and applications. These include:
1) Form Type: Dry and Liquid
2) Source Type: Bacteria, Yeast, and Fungi
3) Application Type: Cattle, Poultry, Swine, Aquaculture, and Other Applications
Further breakdowns include:
- Dry form subcategories such as Powder, Granules, and Pellets
- Liquid form subcategories including Solutions and Suspensions

This detailed segmentation helps stakeholders understand market dynamics and identify opportunities across different product forms and livestock sectors.

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This release was published on openPR.