Meticulous Research®, a leading global market research company, has released an in-depth report titled, "Animal Feed Probiotics Market by Source (Bacteria [Lactobacillus, Bifidobacterium, Streptococcus thermophilus, Bacillus]), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animals), Form (Liquid), and Geography - Global Forecast to 2029."
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According to this latest report, the animal feed probiotics market is projected to reach $6.07 billion by 2029, growing at a CAGR of 7.1% from 2022 to 2029. This growth is driven by the increasing demand for animal protein, the shift towards probiotics as alternatives to antibiotics, rising instances of intestinal disorders in livestock, and the surge in compound feed production.
The report highlights several key factors shaping the market:
1. Rising Demand for Natural Growth Promoters: The shift towards natural growth promoters opens up lucrative opportunities for market players.
2. Regulatory Challenges: Complex regulations surrounding the use of probiotics in animal feed pose a significant challenge to market growth.
The market is segmented by source (bacteria, yeast), animal type (poultry, ruminants, swine, aquaculture, pets, other animals), and form (liquid, dry). The report also provides a competitive analysis of industry players and examines the market at regional and country levels.
Key Segment Insights:
• Source: In 2022, the bacteria segment is expected to dominate the market, driven by the increasing use of bacterial strains as sustainable alternatives to antibiotics and growing consumer awareness of feed quality. The use of probiotics in animal feed enhances digestion, performance, and immune health, attracting cattle farmers, pet owners, and hobbyists.
• Animal Type: The aquaculture segment is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to the rising use of probiotics to improve the health, performance, and growth of farmed fish and shrimp, along with the overall expansion of the aquaculture industry.
• Form: The liquid segment is expected to hold a larger market share in 2022 due to the benefits of liquid probiotics, such as faster absorption rates, ease of digestion, and higher optimization.
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Geographic Highlights:
• Asia-Pacific: The Asia-Pacific region is projected to register the highest CAGR during the forecast period. Factors such as increased awareness of diseases, substantial poultry and cattle meat production in China and India, and innovative probiotic formulations drive market growth. Additionally, the demand for safe and nutritious animal feed, coupled with stringent regulations on antibiotic use in feed supplements, offers substantial opportunities for market players.
Leading Market Players: The Archer-Daniels-Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Dupont de Nemours, Inc. (U.S.), Evonik Industries AG (Germany), Koninklijke DSM N.V. (Netherlands), Orffa International Holding B.V. (Netherlands), Novozymes A/S (Denmark), Kemin Industries (U.S.), and Provita Eurotech Ltd (U.K.).
Prominent players in the animal feed probiotics market include: The Archer-Daniels-Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Dupont de Nemours, Inc. (U.S.), Evonik Industries AG (Germany), Koninklijke DSM N.V. (Netherlands), Orffa International Holding B.V. (Netherlands), Novozymes A/S (Denmark), Kemin Industries (U.S.), and Provita Eurotech Ltd (U.K.).
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