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The expansion of this market is fueled by the rising demand for animal protein, the surge in probiotic usage as a substitute for antibiotics, the escalating occurrence of intestinal ailments in livestock, and the upward trend in compound feed production.
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Animal Feed Probiotics Market to Reach $6.07 Billion by 2029
Animal Feed Probiotics Market 2022-2029 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." Download Free Sample Report: https://www.meticulousresearch.com/download-sample- report/cp_id=5288?utm_source=blog&utm_medium=social&utm_campaign=product&utm _content=27-05-2024 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 Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com
Animal Feed Probiotics Market 2022-2029 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. Browse in Depth: https://www.meticulousresearch.com/product/animal-feed-probiotics- market- 5288?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=27- 05-2024 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.). Quick Buy: https://www.meticulousresearch.com/Checkout/12101755?utm_source=blog&utm_medium= social&utm_campaign=product&utm_content=27-05-2024 Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com
Animal Feed Probiotics Market 2022-2029 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com
