Probiotics in Animal Feed Market by Livestock, Source, Form, and Region | COVID-19 Impact on Probiotics in Animal Feed Market

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MarketsandMarkets Presents
Probiotics in Animal Feed Market- Forecast to
2025 https//www.marketsandmarkets.com/Market-Repo
rts/probiotics-animal-feed-market-85832335.html

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The report "Probiotics in Animal Feed Market by
Livestock (Poultry, Ruminants, Swine,
Aquaculture, Pets), Source (Bacteria
Lactobacilli, Streptococcus Thermophilus,
Bifidobacteria and Yeast Fungi), Form (Dry and
Liquid), and Region - Global Forecast to
2025" The global probiotics in animal feed market
is estimated to be valued at USD 4.6 billion in
2019 and is projected to reach about USD 7.0
billion by 2025, at a CAGR of 7.4. The growth of
this market is attributed to the rise in demand
for functional animal feed products in emerging
economies such as Asia Pacific and
RoW. Browse 77 market data Tables and 62 Figures
spread through 179 Pages and in-depth TOC
on "Probiotics in Animal Feed Market - Global
Forecast to 2025 The Asia Pacific region is
projected to dominate the market through the
forecast period. In 2018, the Asia Pacific
region led the global probiotics in animal feed
market. Factors such as a large livestock base,
high meat consumption, and increasing consumer
awareness about the positive impact of probiotics
on animal health are driving the Asia Pacific
market. Some of the countries contributing to the
growth of this region include China, India,
Japan, Australia, and New Zealand. This report
includes a study on the marketing and development
strategies, along with a study on the product
portfolios of the leading companies operating in
the probiotics in animal feed market. It includes
the profiles of leading companies such as Chr.
Hansen (Denmark), Koninklijke DSM N.V.
(Netherlands), DowDuPont (US), Evonik Industries
(Germany), Land OLakes (US). Other players
include Lallemand (Canada), Bluestar Adisseo Co.
(China), Lesaffre (France), Alltech (US),
Novozymes (Denmark), Calpis Co., Ltd. (Japan),
Schouw Co. (Denmark), Unique Biotech (India),
Pure Cultures (US), Kerry (Ireland), and Mitsui
Co., Ltd. (Japan). Download PDF Brochure
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• Report Objectives
• To define, segment, and project the global market
  size of the probiotics in animal feed market
• To understand the probiotics in animal feed
  market by identifying its various subsegments
• To provide detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• To analyze the micromarkets with respect to
  individual growth trends, future prospects, and
  their contribution to the total market
• To project the size of the market and its
  submarkets, in terms of value, with respect to
  the regions (along with their respective key
  countries)
• To profile key players and comprehensively
  analyze their core competencies
• To understand the competitive landscape and
  identify major growth strategies adopted by
  players across key regions
• Primary Research
• The probiotics in animal feed market comprises
  several stakeholders such as feed additives
  suppliers and manufacturers, feed importers and
  exporters, feed traders and distributors,
  government and research organizations,
  associations and industry bodies and research
  labs, public and private research institutions,
  agencies, and laboratories. The demand-side of
  this market is characterized by the rising demand
  for animal feed. The supply-side is characterized
  by advancements in technology and diverse
  application industries.
• Request for sample Pages https//www.marketsandma
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Opportunity Ban on the use of AGPs (Antibiotic
feed promoters) in animal feed In 2006, the
European Union (EU) implemented a ban on the use
of antibiotics in animal feed. Antibiotic growth
promoters (AGP) are chemicals/drugs that are
added to animal feed to improve growth and the
quantity of animal produce. According to the EU,
the use of these drugs led to the development of
antibiotic-resistant microbes to treat infections
in humans and animals. Following this ban by the
EU, the use of antibiotics declined in many
countries around the globe, especially in
countries such as China, India, and the US due to
their overexploitation or misuse. In January
2017, the US Food and Drug Administration (USFDA)
banned the usage of antibiotics as feed
supplements to help livestock and poultry grow
faster. The new regulations also state that the
over-the-counter sales of antibiotics used in
feed is prohibited. Challenge High RD costs
for developing new probiotic strains Substantial
investments in RD activities and investments in
laboratories, research equipment, and the high
cost of hiring trained professionals create
barriers for the development of the market for
probiotics in animal feed. The scientific
validation regarding the usage of probiotics in
their applications becomes a success to this
market. Probiotic applications are linked with
health benefits, which make it challenging for
manufacturers to get an adequate return on high
initial investments. Key companies such as Chr.
Hansen (Denmark) and DowDuPont (US) have focused
their strategies on building a strong RD base to
gain a competitive advantage, which has created a
barrier for other players in the market for
probiotics in animal feed. Make an Inquiry
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• Recent Developments
• In October 2020, with more customer demand, AGCO
  Corporation expanded its new boom widths, which
  are now available for Fendt Rogator 600 and Fendt
  Rogator 300, produced and developed continuously
  in Europe.
• In August 2020, John Deere expanded its line of
  Frontier equipment with the addition of new
  loader carrier adapters, pallet fork grapples,
  and tractor-mounted sprayers.
• CNH Industrial N.V. entered into an agreement in
  July 2020 to acquire full control of agriculture,
  construction, and spare part commercial
  distribution network in Southern Africa.
• In April 2020, Kuhn Group of Bucher Industries AG
  launched an advanced version of its orchard
  sprayer, offering fruit growers improved coverage
  and penetration when applying crop protection
  products. 
• Speak to Analyst https//www.marketsandmarkets.co
  m/speaktoanalystNew.asp?id85832335

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