Animal Feed Probiotics - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Animal Feed Probiotics market is accounted for $2.64 billion in 2019 and is expected to reach $5.06 billion by 2027 growing at a CAGR of 8.5% during the forecast period. Some of the key factors propelling the market growth are augmented demand for poultry products and development in consumption of animal-based products. However, standards and regulations for probiotics are the restraining factor for the growth of the market.
Animal probiotics are exact strains of microorganisms, serve up to animals in suitable amount to have a advantageous effect. It improves the health and decreases the risk of falling sick. Different bacterial strains are commercially accessible in the market such as Bacillus subtilis, Lactobacillus thermophilus, and others. The use of probiotics as feed supplements in animal production has enlarged considerably over the last decade, particularly after the ban on antibiotic growth promoters in the livestock sector.
By form, dry segment is expected to grow at the significant market share during the forecast period owing to advantages such as simplicity of transportation and storage associated with it, as opposed to liquid probiotics, which need specialized facilities for storage and transport. The dry form of probiotics is typically mixed in the feed for animals containing cattle, poultry, and swine. The dry form of probiotics generally exists in a powdered form, as it can be mixed with the feed.
On the basis of geography, Asia Pacific is constantly enhancing owing to increase in the number of the middle-class population who are opt for food products with health advantages, due to the change of an urbanized lifestyle. This has augmented the demand for poultry products in the region, which has in turn been driving the growth of probiotics in the region.
Some of the key players in Animal Feed Probiotics Market include Bluestar Adisseo Co., Ltd. (China), Chr. Hansen Holding A/S (Denmark), DuPont de Nemours, Inc. (US) , Evonik Industries AG (Germany), Kerry Group (Ireland), Koninklijke DSM N.V. (Netherlands) , Land O'Lakes, Inc. (US), Lesaffre (France) , Novozymes (Denmark), Novus International, Inc. (US)
Pure Cultures (US), Schouw & Co. (Denmark) and Unique Biotech (India) .
• Yeast & Fungi
Animal Types Covered:
• Companion Animals
• Live Stock
• Gut Health
Sales Channels Covered:
• Convenience Stores
• Direct Sales
• Modern Trade
• Online Retailers
• Specialty Stores
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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