Title: Probiotics in Animal Feed Market Size, Share, Industry Overview, and Trends,
1Probiotics in Animal Feed Market Size,
Share, Industry Overview, Growth Trends, and
Leading Players The global probiotics in animal
feed market is anticipated to grow from USD 4.6
billion in 2023 to USD 7.1 billion in 2028, at a
compound annual growth rate (CAGR) of 9.1. Owing
to the increase in production and
demand of compound feed along with
rising consumption of feed additives in
emerging markets such as Asia Pacific and
South America. Probiotics in Animal Feed Market
Report Scope
Report Metric Details
Market Valuation in 2023 USD 4.6 billion
Revenue Forecast in 2028 USD 7.1 billion
Progress Rate CAGR of 9.1
Forecast period considered 20232028
Market Drivers Increased demand for animal protein and other livestock products Pressure on feed productivity and feed conversion rate. Greater prevalence of disease outbreaks
Market Opportunities Abolition of antibiotic growth promoters (AGPs) Innovations and technological advancements in feed industry
- Probiotics in Animal Feed Market Overview
- The Probiotics in Animal Feed market is a
rapidly growing segment within the broader
animal nutrition industry. Probiotics, which
are live microorganisms that confer health
benefits when consumed, have gained significant
attention for their potential to enhance animal
health and performance. - Key factors contributing to the probiotics in
animal feed market growth include - Growing Emphasis on Animal Health There is
an increasing awareness among livestock
producers about the importance of
maintaining optimal animal health. Probiotics
play a crucial role in promoting a balanced gut
microbiota, which is linked to improved immunity
and overall well-being in animals.
2- Alternative to Antibiotics With rising concerns
about antibiotic resistance and the push for
sustainable farming practices, probiotics
have emerged as a viable alternative to
traditional antibiotics. Probiotics contribute to
disease prevention and can reduce the need for
antibiotic use in livestock. - Improved Feed Conversion Efficiency
Probiotics have shown the potential to
enhance feed conversion efficiency in animals.
This is particularly important in the context of
efficient resource utilization and cost-effective
livestock production. - Regulatory Support and Guidelines
Governments and regulatory bodies are
increasingly recognizing the importance of
probiotics in animal nutrition. The
development of clear guidelines and regulations
supporting the use of probiotics in animal feed
has contributed to market growth. - Rising Demand for Animal Protein The global
demand for animal protein, including meat, milk,
and eggs, is on the rise. Probiotics aid in
maximizing productivity and ensuring the
quality of animal-derived products, meeting
the escalating demand from a growing global
population. - Book a meeting with our experts to discuss your
business needs _at_ - https//www.marketsandmarkets.com/speaktoanalystNe
w.asp?id85832335 - Asia Pacific is expected to dominate the market
during the forecast period. - Countries such as China, India, Japan, Australia
New Zealand, and rest of the Asia Pacific have
been considered in this study. Some of the
factors for the high demand of the market in Asia
Pacific region includes growing population, rise
in disposable incomes, and rapid urbanization.
Increasing demand for meat and animal
products among the growing population of the
Asia Pacific region along with the rising
affluence in the region resulted in high
consumption of meat products. This has also
resulted in intensified livestock production
for meat, which in turn drives the need
for improved animal health and performance. - List of Key Players in Probiotics in Animal Feed
Market - ADM (US)
- International Flavors Fragrances Inc. (US)
- CHR. HANSEN HOLDING A/S (Denmark)
- Evonik Industries AG (Germany)
- Land O'Lakes (US)
- DSM (Netherlands)
3- Kemin Industries, Inc. (US)
- Provita Animal Health (UK)
- Orffa (Netherlands)
- Lesaffre (France)
- Key Questions Addressed by the probiotics in
animal feed market report - What is the projected market value of the global
probiotics in animal feed market? - What is the estimated growth rate (CAGR) of the
global probiotics in animal feed market for the
next five years? - Which are the major companies in the Probiotics
in Animal Feed market? - Which region is expected to hold the highest
market share?