Meticulous Research®, a renowned global market intelligence firm, has published an insightful 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 the latest publication from Meticulous Research®, the animal feed probiotics market is projected to reach $6.07 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2029. This market growth is driven by the rising demand for animal protein, increasing adoption of probiotics as alternatives to antibiotics, a higher incidence of intestinal disorders in livestock, and the expanding production of compound feed.
Moreover, the industry's shift towards natural growth promoters is expected to present lucrative opportunities for market participants. However, stringent regulatory frameworks governing the use of probiotics in animal feed are anticipated to challenge market expansion.
Market Segmentation Overview:
By Source:
Bacteria: In 2022, the bacteria segment is expected to dominate the animal feed probiotics market. The substantial share of this segment is attributed to the sustainable use of bacterial strains as viable alternatives to antibiotic growth promoters, alongside growing consumer awareness about feed quality. The benefits of bacterial probiotics in enhancing digestion, animal performance, and immunity are also pivotal factors driving this segment's growth.
By Animal Type:
Aquaculture: This segment is projected to exhibit the highest CAGR during the forecast period. The growth is fueled by the increasing use of probiotics to enhance the health, performance, and growth of farmed fish and shrimp. The necessity to ensure the health and safety of aquaculture species and the consistent expansion of the aquaculture industry further support this segment's rapid growth.
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By Form:
Liquid: In 2022, the liquid segment is anticipated to hold the largest market share. This dominance is attributed to the advantages of liquid probiotics, including faster absorption, easier digestion, and higher optimization compared to other forms.
Geographical Insights: The Asia-Pacific region is expected to register the highest CAGR during the forecast period. The robust growth in this region is driven by heightened consumer awareness of animal diseases, significant poultry and cattle meat production in China and India, and continuous innovations in probiotic formulations. Additionally, the rising demand for safe and nutritious animal feed, coupled with strict regulations on antibiotic use in feed supplements, offers significant opportunities for market players in this region.
Key Market Players: Prominent companies 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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