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The Probiotics In Animal Feed Global Market Report 2023 by The Business Research Company, provides probiotics in animal feed market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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In accordance with The Business Research Company's Probiotics In Animal Feed Global Market Report for 2023, the expansive landscape of the global probiotics in animal feed market demonstrated notable growth, surging from $4.26 billion in 2022 to $4.62 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 8.6%. However, the global economic recovery from the COVID-19 pandemic faced significant hindrances due to the disruptive Russia-Ukraine conflict. This geopolitical turmoil resulted in widespread economic sanctions, escalating commodity prices, and disruptions in the global supply chain, consequently fueling inflationary pressures across various sectors worldwide.

Anticipated data projects a further upswing in the market size of the global probiotics in animal feed, reaching an estimated $6.35 billion by 2027, sustaining a commendable CAGR of 8.2%. The burgeoning demand for eggs and poultry meat stands as a pivotal driver propelling the growth trajectory of the probiotics in the animal feed market. This escalating demand is fueled by factors such as population growth, increased purchasing power, and rapid urbanization trends. Additionally, a growing consciousness about the nutritional benefits and protein content derived from eggs and meat amplifies consumer preferences, contributing significantly to the sustained demand for these commodities.

In response to the escalating demand for eggs and poultry meat, probiotics emerge as a critical component in poultry feed formulations. Serving as an invaluable additive, probiotics play a pivotal role in maintaining the health and well-being of poultry farm animals. By bolstering immunity and mitigating the risk of diseases, probiotics contribute to the enhanced productivity of poultry, resulting in increased yields of eggs and meat. This symbiotic relationship between probiotics and animal feed aligns with contemporary agricultural practices, fostering a sustainable and health-conscious approach to meet the escalating demands of a burgeoning global population.

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The probiotics in animal feed market is segmented:

1) Probiotics In Animal Feed Market By Form Type: Dry, Liquid

2) Probiotics In Animal Feed Market By Source Type: Bacteria, Yeast and Fungi

3) Probiotics In Animal Feed Market By Application Type: Cattle, Poultry, Swine, Aquaculture, Other Applications

In the ever-evolving landscape of the animal feed market, the strategic alliance and collaborative efforts among industry players have emerged as a pivotal trend, particularly within the burgeoning domain of probiotics. Recognizing the significance of synergies, companies operating in this sector are proactively engaging in partnerships to fortify their positions and foster innovation.

A noteworthy exemplar of such collaborative endeavors transpired in September 2020 when Proteon Pharmaceuticals, a distinguished biotechnology entity based in Poland, forged a strategic alliance with DuPont Animal Nutrition. This symbiotic partnership signifies a concerted effort to amalgamate Proteon's cutting-edge bacteriophage technology with DuPont's venerable brand, thereby facilitating access to this groundbreaking solution for poultry producers in specific regions. Beyond expanding distribution channels and augmenting DuPont's product portfolio, the collaboration holds the promise of mitigating antimicrobial resistance (AMR) in farm animals, contributing to the broader global initiative in this critical area.

DuPont Animal Nutrition, renowned for its prowess in biotechnological research, stands as a stalwart entity in the production spectrum of feed enzymes, betaine, phytogenics, and probiotics. The collaboration between Proteon Pharmaceuticals and DuPont Animal Nutrition underscores the strategic imperative of fostering partnerships in the probiotics in animal feed market, not only as a means of market expansion but also as a catalyst for advancing technological solutions geared toward sustainable and responsible animal husbandry practices. This exemplifies the industry's collective commitment to addressing pressing challenges, such as AMR, through collaborative innovation and shared expertise.

The probiotics in animal feed market report table of contents includes:

1. Executive Summary

2. Probiotics In Animal Feed Market Characteristics

3. Probiotics In Animal Feed Market Trends And Strategies

4. Probiotics In Animal Feed – Macro Economic Scenario

5. Probiotics In Animal Feed Market Size And Growth

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26. Africa Probiotics In Animal Feed Market

27. Probiotics In Animal Feed Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Probiotics In Animal Feed Market

29. Probiotics In Animal Feed Market Future Outlook and Potential Analysis

30. Appendix

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https://www.thebusinessresearchcompany.com/report/probiotics-global-market-report

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