Probiotics in Animal Feed Market: Reporting and evaluation of recent industry developments
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Increasing demand for meat and related products is expected to fuel the probiotics in the animal feed market. Additionally, increasing health issues among farm animals is projected to further boost the probiotic in animal feed market. Probiotics added to the animal feed doesn't deliver the mandatory nutrients that are required to nurture the animals. This, in turn, is estimated to restrain the probiotics in animal feed market in the near future.
The global probiotics in animal feed market is anticipated to expand at a considerable growth rate in the near future due to the prohibition on the practice of administering antibiotics that encourage growth in animals. Globally, among all the regions, Asia Pacific is anticipated to hold a major share of the overall probiotics in animal feed market, followed by Europe, during the forecast period due to the presence of relatively sizable amount of customers in the region. International probiotics in the animal feed market is estimated to expand rapidly in Asia Pacific due the rise range of higher bourgeoisie population, which is likely to afford the expenditure on feed that contains extra ingredients such as probiotics. In Asia Pacific, China and Japan contribute significantly to the probiotics in animal feed market, in terms of revenue, owing to the rising range of higher bourgeoisie population in these countries. Moreover, the market in Europe is expected to expand considerably in the next three to five years due to the ban on the usage of antibiotics that promote growth in animals, which in turn is anticipated to boost the probiotics in animal feed market.
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The global probiotics in animal feed market is segregated based on livestock, bacteria, and region. In terms of bacteria, the probiotics in animal feed market is segmented into thermophiles, lactobacillus, bifid bacteria, streptococcus, and others. The lactobacillus segment hold a prominent share of the market, followed by the others segment, and is predicted to exhibit important growth during the forecast period respectively. Based on livestock, the probiotics in animal feed market is segmented into swine feed, cattle feed, pet feed, and poultry feed. The pet feed segment is anticipated to expand at a steady pace in the next three to five years due to the rising demand for meat and meat products all around the world. Furthermore, In terms of region, the global probiotics in animal feed market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Major players operating in the global probiotics in animal feed market includes DuPont, Nebraska Cultures, Koninklijke DSM N.V., Lactosan GmbH & Co. KG, Calpis Co. Ltd., Provita Eurotech Ltd, Alltech, Protexin, Lallemand Inc., and Suguna Foods Private Limited, Novozymes (Denmark). Companies operating in the market are primarily introducing new products and also intensifying their proficiencies in order to strengthen their position in the global probiotics in animal feed market. The market is expected to witness a rise in the trend of backward integration and strengthening of rooster processors. This, in turn, is anticipated to drive the adoption rate of feed additives, which is probiotics.
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