Pune, India, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global probiotics in animal feed market size is likely to benefit from the increasing awareness regarding animal health welfare. The market was valued at USD 3.56 Bn in 2018. Fortune Business Insights™ has predicted that the market will reach USD 6.24 Bn by 2026, thereby exhibiting a CAGR of 7.30%.
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Some of the leading companies that are operating in the global probiotics in animal feed market are:
- Chr. Hansen A/S
- Danisco A/S
- Koninklijke DSM N.V.
- Lallemand Inc.
- Calpis Co
- Provita Eurotech Ltd
- Orffa International Holding B.V.
- BIOMIN Holding GmbH
- Novus International Inc.
- Evonik Industries
The benefits of probiotics in animal nutrition have created a high demand for these products across the world. The growing emphasis on animal health and welfare and the increasing trend of commercial livestock farming have led to the availability of new products in the marketplace. The growing focus on research and development in probiotics to substitute antibiotic growth promoter feed additives has led to the increasing popularity of probiotics in animal feed. The use of probiotics in poultry farming and breeding is expected to enhance the productivity and performance of feed products. The report states that the rising uptake of probiotics over various domains will aid the growth of global probiotics in the animal feed market in the forthcoming years.
Fortune Business Insights has profiled some of the leading companies in the market that have made a significant impact on the global market.
Report Scope & Segmentation:
| Report Attribute | Details |
| Forecast Period | 2021-2028 |
| Forecast CAGR | 7.30 % |
| 2028 Value Projection | USD 6.24 Billion |
| Market Size in 2018 | USD 3.56 Billion |
| Historical Data | 2014-2018 |
| No. of Pages | 135 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
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| Regions Covered |
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| Probiotics in Animal Feed Market Growth Drivers | Bacterial Species Remain Commonly Employed Microbes in Animal Feed Probiotics |
| Poultry - Leading Application Segment for Probiotics and Swine and Ruminant Segments Are Expected to Witness Stronger Growth in this Market |
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018
Leading Players Featured in the Research Report:
Companies covered in probiotics in animal feed market report are Chr. Hansen A/S, Danisco A/S, Koninklijke DSM N.V., Lallemand Inc., Calpis Co, Provita Eurotech Ltd, Orffa International Holding B.V., BIOMIN Holding GmbH, Novus International Inc., Evonik Industries, and more players profiled
Probiotics are beneficial microorganisms that, when consumed, can promote the health and well-being of animals. They are commonly used in animal feed to improve gut health, digestion, and overall immune function. Probiotics are typically added to feed in the form of live bacteria, yeast, or other microorganisms.
Probiotics in animal feed have been shown to have a number of benefits, including improved feed conversion, increased weight gain, and reduced incidence of digestive disorders. They can also improve the quality and safety of animal products, such as meat, milk, and eggs.
Some of the most commonly used probiotics in animal feed include lactobacilli, bifidobacteria, and various strains of yeast. These microorganisms work by colonizing the gut of the animal and creating a protective barrier against harmful bacteria. They can also produce enzymes and other compounds that help to break down feed and improve nutrient absorption.
In addition to probiotics, prebiotics is also commonly used in animal feed. Prebiotics are non-digestible substances that stimulate the growth and activity of beneficial microorganisms in the gut. Some common prebiotics used in animal feed include fructooligosaccharides (FOS) and inulin.
Increasing Applications in Poultry Farming to Enable Growth
The rising uptake of probiotics in poultry farming has resulted primarily from the increasing demand for the enhanced nutritional health of inbred animals. The rising adoption of a healthy lifestyle has created a demand for clean-label meat and other poultry products. Fortune Business Insights has predicted that probiotics will find increasing applications in poultry farming in the coming years. In 2019, Biomin launched the Poultrystar Hatchery Geldrop aimed at nutritional enrichment of day-old chicks. The water solubility of the product helped overcome the food delivery barrier and this property added to the demand for this product across the world. Fortune Business Insights tracks product launches, similar to Biomin’s latest Geldrop, and gauges the impact of such products on the global market.
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Probiotics in Animal Feed Market Segmentation:
By Microbial Genus
- Lactobacillus
- Bifidobacterium
- Yeast and other microbes
By Application
- Ruminant
- Poultry
- Swine
- Aquaculture
- Others
By Geography
Moderately Consolidated Market – Strong Prominence of Key Global Giants
The global probiotics in the animal feed market are consolidated in nature, as few companies account for a large market share. High-cost factor associated with R&D for the development of probiotic strains for commercial use limits the entry of market players in the industry. In recent years, existing companies have been putting in more efforts into the research and development of existing products, and in doing so they aim to strengthen their market presence.
Among the several strategies adopted by leading companies, Fortune Business Insights has identified one key strategy that has made a positive impact on the global market. In order to further strengthen the consolidation of industry, companies are looking to shift their focus on emerging markets and to gain a competitive edge over their regional and private-label counterparts. The report focuses on company activities and business strategies similar to the aforementioned factors and gauges their impact on the global market.
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Detailed Table of Content
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Parent/Related Markets
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Probiotics Consumption and Buying Behaviour Analysis
- Global Probiotics in Animal Feed Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Microbial Genus
- Lactobacillus
- Bifidobacterium
- Yeast and Other Microbes
- Market Analysis, Insights and Forecast – By Application
- Ruminant
- Poultry
- Swine
- Aquaculture
- Others
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- North America Probiotics in Animal Feed Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Microbial Genus
- Lactobacillus
- Bifidobacterium
- Yeast and Other Microbes
- Market Analysis, Insights and Forecast – By Application
- Ruminant
- Poultry
- Swine
- Aquaculture
- Others
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
- Mexico
TOC Continued…!
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