Meticulous Research®, a globally recognized market intelligence firm, has released its latest study, “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.” According to the report, the probiotics in animal feed market is poised to grow at a CAGR of 7.1%, reaching $6.07 billion by 2029.
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Key Market Growth Drivers
1. Increasing Demand for Animal Protein:
As the global population rises, so does the demand for high-quality animal protein, spurring the need for effective feed solutions.
2. Probiotics as Antibiotic Alternatives:
Concerns over antibiotic resistance have led to a surge in probiotic adoption as natural growth promoters, ensuring animal health and productivity.
3. Rising Incidence of Intestinal Disorders in Livestock:
Probiotics are gaining traction due to their role in improving gut health and preventing diseases in animals.
4. Growth in Compound Feed Production:
The increased industrialization of livestock farming has bolstered the production of compound feed fortified with probiotics.
Market Opportunities and Challenges
The transition to natural growth promoters presents significant opportunities for industry players. However, stringent regulatory frameworks concerning probiotic applications in animal feed may impede growth.
Segment Highlights
1. By Source – Bacteria Lead the Way:
In 2022, bacterial strains, including Lactobacillus and Bacillus, held the largest share due to their benefits in digestion, immunity, and animal performance.
2. By Animal Type – Aquaculture Booming:
The aquaculture segment is expected to witness the highest CAGR, driven by the need for safe and nutritious feed for farmed fish and shrimp.
3. By Form – Liquid Dominance:
Liquid probiotics accounted for the majority share in 2022, owing to their fast absorption rates and ease of digestion.
4. Regional Insights – Asia-Pacific Leads Growth:
The Asia-Pacific region is projected to grow at the fastest rate, fueled by innovations in probiotic formulations, rising consumer awareness, and stringent regulations on antibiotic use.
Leading Companies in the Spotlight
Prominent players shaping the market landscape 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.). These industry leaders are pivotal in fostering growth through their dedication to research, innovation, and strategic expansion.
Conclusion
According to Meticulous Research®, the animal feed probiotics market is on a robust growth trajectory, driven by increased demand for quality feed solutions, advancements in probiotic formulations, and a trend towards natural growth promoters. While regulatory challenges may exist, the market's resilience highlights the ongoing demand for probiotic feed solutions that prioritize animal health and sustainability, ensuring continued growth in this vital sector.
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