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Supporting regulatory norms led by FDA regarding GRAS approval of probiotics along with China promoting product research and product development in feed products for animal nutrition is likely to stimulate industry growth.
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Europe led by Italy, France and Germany Poultry Probiotics market size, will register gains at over 6% by 2024 Fuel Cell Market size worth $25.5bn by 2024
Key Insights from Poultry Probiotics Market: • Probiotics are beneficial in maintaining microbial flora in GI tract of broilers, breeders and layers which leads to increase in enzyme secretion thereby maintaining effective digestive system mechanism. • It also helps in regulating immune response and prevents them from infections caused by Salmonella and E coli. Broilers chicken are most consumed meat in the industry. • Probiotics helps broilers chicken to gain weight and combat with environmental stress caused while hatching and processing by regulating digestive and immunoregulatory system. • Lactobacilli based poultry probiotics market size should generate over USD 1 billion in sales by 2024. It is widely used in turkey and layer feed to provide complete nutritive environment along with high quality egg production.
Continued... • Increasing egg and turkey consumption mainly in U.S due to changing consumer preferences towards use of NGPs for livestock production for better diets should stimulate product demand. • Poultry probiotics market from broiler application should register over USD 1.2 billion at the end of forecast timeframe. Broilers requires healthy digestive system to absorb essential feed nutrients. • These products help fine tuning in intestinal environment and helps efficient digestive enzymes secretion thereby maintaining proper digestive mechanism and weight gain. Increasing pork and beef prices may stimulate broiler chicken demand thereby leading to industry growth.
Continued... • China poultry probiotics market may witness should be worth over USD 250 million by 2024. Increasing broiler meat consumption owing to growth in protein intake demand along with rise in per-capita disposable income should drive regional industry growth. • Europe led by Italy, France and Germany market size, will register gains at over 6% by 2024. Increasing concerns about livestock disease outbreaks along with AGPs ban in the region has promoted need to maintain meat quality and safety, which may boost product demand in the region. • Global poultry probiotics market share is moderately consolidated. Chr Hansen, Lallemand, Kemin DSM, Novozymes, Addiseo France, Novus, Lactina, Evonik, Biomin, Calpin, and Prowell are some of the industry players.
U.S. Poultry Probiotics Market Size, By Application, 2016 & 2024, (KT)
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