Probiotics in Animal Feed Market Size, Share, Industry Overview, and Trends,

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Probiotics 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.

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• 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.
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• 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)

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• 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?