New York, March 07, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Probiotics In Animal Feed Global Market Report 2023" - https://www.reportlinker.com/p06325434/?utm_source=GNW
The global probiotics in animal feed market grew from $4.26 billion in 2022 to $4.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The probiotics in animal feed market is expected to grow to $6.35 billion in 2027 at a CAGR of 8.2%.
The prebiotics in the amimal feed market consists of sales of lactobacillus, bacillus, streptococcus, pediococcus, enterococcus, bifidobacterium, and propionibacterium.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The probiotics in the animal feed refer to a live microbial feed additive that enhances the intestinal balance of the host animal.Probiotics are widely employed in animal feeding and are regarded as growth and health stimulators.
Most probiotics used in animal nutrition are generated commercially and sold in liquid and solid forms.
Asia-Pacific was the largest region in the probiotics in animal feed market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the probiotics in animal feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main forms of probiotics in animal feed are dry and liquid.The dry probiotics are used in the animal feed in the form of dried powder form, tablets, and capsules.
Dry probiotics come in a variety of shapes and sizes and are made using a freeze-drying method.The various sources of probiotics in animal feed include bacteria and yeast and fungi.
They are used in feed of cattle, poultry, swine, aquaculture, and other applications.
The growing demand for eggs and poultry meat contributes to the growth of probiotics in the animal feed market.The demand for eggs and poultry meat is increasing because of the rise in population, greater purchasing power, and urbanization.
Moreover, increasing awareness about the nutrients and protein from eggs and meat are contributing towards their demand.Probiotics are used as an additive in the poultry feed, which keeps the poultry farm animals disease-free and boosts their immunity to produce more eggs and meat.
For instance, in 2020, according to the Food and Agricultural Organisation of the United Nations, the global production of poultry meat increased from 9 to 133 million tonnes, and egg production increased from 15 to 93 million tonnes between 1961 and 2020.Poultry meat accounted for 40% of the total meat produced worldwide in 2020.
Egg production increased by 150% in the last three decades. Thus, increased demand for eggs and poultry meat is expected to boost the demand for probiotics in the animal feed during the forecast period.
Partnerships and collaborations is a key trend gaining popularity in the probiotics in the animal feed market.The companies operating in the probiotics in the animal feed market are focusing on establishing partnership with relevent technology companies to expand their product development activities and enhance their market reach.
For instance, in September 2020, Proteon Pharmaceuticals, a Poland-based biotechnology company, partnered with DuPont Animal Nutrition.The partnership aims to use DuPont’s reputable and trusted brand to help poultry producers in particular nations access Proteon’s bacteriophage technology.
In addition to improving Proteon’s distribution capabilities and strengthening DuPont’s product line, the partnership will help further reduce antimicrobial resistance (AMR) in farm animals. DuPont Animal Nutrition is a biotechnology research company that produces a wide range of feed enzymes, betaine, phytogenics, and probiotics.
In January 2021, Novozymes, a Denmark-based biotechnology company specializing in research, development, and production of industrial enzymes, microorganisms, and biopharmaceutical ingredients, acquired Microbiome Labs for $125 million.Through this acquisition, Novozymes will focus on probiotics for human use as a growth area.
It offers the chance to advance our work in human health, expand its portfolio, and cement its leadership in the North American probiotics market. Microbiome Labs is an Illinois-based company that focuses on providing probiotic bacteriotherapy.
The countries covered in the probiotics in animal feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The probiotics in animal feed market research report are one of a series of new reports that provides Probiotics in animal feed market statistics, including probiotics in animal feed industry global market size, regional shares, competitors with probiotics in animal feed market share, detailed probiotics in animal feed market segments, market trends and opportunities, and any further data you may need to thrive in the probiotics in the animal feed industry. This probiotics in animal feed market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Read the full report: https://www.reportlinker.com/p06325434/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
