Probiotics In Animal Feed
PUBLISHED: 2024 ID: SMRC26338
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Probiotics In Animal Feed

Probiotics in Animal Feed Market Forecasts to 2030 - Global Analysis By Source (Streptococcus Thermophilus, Bacillus and Other Sources), Form (Liquid and Dry), Function, Livestock, Sales Channel and By Geography

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4.8 (62 reviews)
Published: 2024 ID: SMRC26338

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Probiotics in Animal Feed Market is accounted for $5.11 billion in 2024 and is expected to reach $9.61 billion by 2030 growing at a CAGR of 11.1% during the forecast period. Probiotics in animal feed are live microorganisms that confer health benefits when consumed in adequate amounts. Widely used in livestock and poultry farming, probiotics help maintain a balanced gut microbiota, enhancing digestion and nutrient absorption. They also boost immunity, reducing the need for antibiotics and promoting overall animal well-being. Commonly administered through feed supplements, probiotics include beneficial bacteria like Lactobacillus and Bifidobacterium strains. 

According to the Natural Resources Defense Council, in the U.S., antibiotic resistance causes more than 2.8 million infections and leads to between 35,000 and 162,000 deaths of animals each year. According to the Food and Agricultural Organization (FAO), the livestock business provides 1.3 billion people with a living and accounts for close to 40% of global agricultural output in developed nations and 20% in developing ones. In addition, the livestock industry provides 34% of the world's protein needs.

Market Dynamics: 

Driver: 

Increase in consumption of quality animal-based products

The rise in the consumption of quality animal-based products serves as a major driver for the growth of probiotics in the animal feed market. As consumers become more health-conscious, there is a growing demand for meat, dairy, and other animal products produced with a focus on quality and safety. Probiotics in animal feed offer a solution to enhance animal health and productivity while reducing the need for antibiotics, aligning with the preference for natural and sustainable farming practices. This trend is further fueled by increasing awareness about the benefits of probiotics in improving digestion, immunity, and overall animal well-being, thus driving market expansion.

Restraint:

Strict quality regulations

Strict quality regulations in the probiotics for animal feed market act as a significant restraint, ensuring the safety and efficacy of products. These regulations govern the production, labeling, and distribution of probiotics to maintain high standards and protect animal health. Compliance with these standards often entails rigorous testing and documentation, increasing operational costs for manufacturers. However, while these regulations promote consumer confidence, they can also limit market entry for smaller producers lacking resources for compliance.

Opportunity:

Innovations and technological advancements in the feed industry

In recent years, the feed industry has seen remarkable innovations and technological advancements, particularly in the integration of probiotics into animal feed. Probiotics, beneficial microorganisms, offer numerous advantages, such as improved digestion, enhanced nutrient absorption, and strengthened immune systems in livestock. With advancements in microbial strain selection, encapsulation techniques, and delivery mechanisms, feed manufacturers can now offer more effective and stable probiotic formulations. Moreover, precision nutrition technologies enable personalized feed formulations tailored to individual animal needs, optimizing health and performance. This dynamic landscape presents a significant opportunity for probiotics in the animal feed market, driving growth and fostering sustainable practices in livestock production.

Threat:

Huge R&D costs

The probiotics in the animal feed market face a significant threat from huge R&D costs. Developing effective probiotic strains tailored for various animal species requires substantial investment in research and development. These costs encompass extensive lab testing, clinical trials, and regulatory compliance. Moreover, ongoing research is essential to continuously improve formulations and ensure product efficacy. Such high R&D expenses may deter smaller companies from entering the market and pose challenges for existing players in maintaining competitiveness.

Covid-19 Impact: 

The COVID-19 pandemic significantly affected the animal feed probiotics market. Likewise, the transportation and logistics industry was severely impacted by COVID-19-infected workers, which resulted in fewer deliveries and forced farms to stockpile animal feed. Because to the difficulties caused by the pandemic, the export of chicken, beef, and pork decreased significantly on a global scale. The post pandemic raised back the demand of the market.

The poultry segment is expected to be the largest during the forecast period

The poultry segment is estimated to have a lucrative growth, due to the increasing consumption of poultry meat and the growing demand for antibiotic-free poultry products. The growing demand for production of chicken and meat in emerging nations also increases the need for probiotics to increase output and safety, driving up the price of probiotics in the poultry industry.

The dry segment is expected to have the highest CAGR during the forecast period

The dry segment is anticipated to witness the fastest CAGR growth during the forecast period, due to ease of storage and longer shelf life. The storage and transportation expenses for this category are affordable. As compared to liquid form, it has a low moisture content, which would make it even less suited for eating. This aspect is driving the expansion of the segment.

Region with largest share:

Europe is projected to have the highest CAGR over the forecast period, owing to the growing demand for meat and poultry products. Producers in the area supplement animal feed with bacteria and yeast species like Saccharomyces cerevisiae to boost animal performance and satisfy the region's rising demand for meat and poultry products. The expansion of the market in this area has been boosted by technological advancements in the usage of animal feed to enhance the performance of pets.

Region with highest CAGR:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rise in awareness among consumers to supplement consumption and a high occurrence of various diseases. The production of poultry and cattle meat products is projected to be the highest in countries such as China, and India. Eggs, milk, fish, and poultry are in higher demand in this area since they are inexpensive sources of protein. Rising incomes, urbanization, and an expanding technological base are all contributing factors to the market expansion in this area.

Key players in the market

Some of the key players in Probiotics in Animal Feed market include Adisseo, ADM, Agrihealth, Alltech, Arm & Hammer Animal Nutrition, Calpis Co Ltd, Chr. Hansen Holding A/S, Danisco Animal Nutrition, Evonik Industries AG, Lallemand, Land O'Lakes, Lesaffre, Novozymes, Novus International, Inc, Orffa International Holding BV, Pure Cultures LLC and Royal DSM.

Key Developments:

In April 2024, German chemicals group Evonik Industries has inaugurated its new office and R&D premises in Thane, India. The Evonik India Research Hub (EIRH), as it will be called, will be dedicated to advancing solutions that contribute to sustainability. Evonik India's new office spans an area of 100,000 square feet. It features state-of-the-art labs for its existing business lines.

In April 2024, DSM-Firmenich announces that it has repurchased 500,000 ordinary shares in the period from April 8, 2024 up to and including April 12, 2024 at an average price of EUR €103.29. This is in accordance with the on-market share repurchase programme announced on April 8, 2024, covering commitments under the Group's share-based compensation plans. This repurchase concludes the programme to repurchase 500,000 shares for a total consideration of €51.6m. 

Sources Covered:
• Streptococcus Thermophilus  
• Bacillus  
• Bifidobacterium  
• Fungi  
• Yeast  
• Other Sources   

Forms Covered:
• Liquid
• Dry

Functions Covered:
• Nutrition 
• Immunity 
• Gut Health 
• Productivity 
• Yield  

Livestocks Covered:
• Poultry  
• Ruminants  
• Swine  
• Pets  
• Equine  
• Cattle  
• Aquaculture  
• Other Livestocks   

Sales Channels Covered:
• Speciality Stores  
• Online Retailers  
• Modern Trade  
• Direct Sales  
• Convenience Stores   

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Emerging Markets     
 3.7 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
       
5 Global Probiotics in Animal Feed Market, By Source      
 5.1 Introduction     
 5.2 Streptococcus Thermophilus     
 5.3 Bacillus     
 5.4 Bifidobacterium     
 5.5 Fungi     
 5.6 Yeast     
 5.7 Other Sources     
       
6 Global Probiotics in Animal Feed Market, By Form      
 6.1 Introduction     
 6.2 Liquid     
 6.3 Dry     
       
7 Global Probiotics in Animal Feed Market, By Function      
 7.1 Introduction     
 7.2 Nutrition     
 7.3 Immunity     
 7.4 Gut Health     
 7.5 Productivity     
 7.6 Yield     
       
8 Global Probiotics in Animal Feed Market, By Livestock      
 8.1 Introduction     
 8.2 Poultry     
 8.3 Ruminants     
 8.4 Swine     
 8.5 Pets     
 8.6 Equine     
 8.7 Cattle     
 8.8 Aquaculture     
 8.9 Other Livestocks     
       
9 Global Probiotics in Animal Feed Market, By Sales Channel      
 9.1 Introduction     
 9.2 Speciality Stores     
 9.3 Online Retailers     
 9.4 Modern Trade     
 9.5 Direct Sales     
 9.6 Convenience Stores     
       
10 Global Probiotics in Animal Feed Market, By Geography      
 10.1 Introduction     
 10.2 North America     
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe    
 10.4 Asia Pacific     
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand    
  10.4.6 South Korea    
  10.4.7 Rest of Asia Pacific    
 10.5 South America     
  10.5.1 Argentina    
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America    
 10.6 Middle East & Africa     
  10.6.1 Saudi Arabia    
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa    
  10.6.5 Rest of Middle East & Africa    
       
11 Key Developments      
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 11.2 Acquisitions & Mergers     
 11.3 New Product Launch     
 11.4 Expansions     
 11.5 Other Key Strategies     
       
12 Company Profiling      
 12.1 Adisseo     
 12.2 ADM     
 12.3 Agrihealth     
 12.4 Alltech     
 12.5 Arm & Hammer Animal Nutrition     
 12.6 Calpis Co Ltd     
 12.7 Chr. Hansen Holding A/S     
 12.8 Danisco Animal Nutrition     
 12.9 Evonik Industries AG     
 12.10 Lallemand     
 12.11 Land O'Lakes     
 12.12 Lesaffre     
 12.13 Novozymes     
 12.14 Novus International, Inc     
 12.15 Orffa International Holding BV     
 12.16 Pure Cultures LLC     
 12.17 Royal DSM     
       
List of Tables       
1 Global Probiotics in Animal Feed Market Outlook, By Region (2022-2030) ($MN)      
2 Global Probiotics in Animal Feed Market Outlook, By Source (2022-2030) ($MN)      
3 Global Probiotics in Animal Feed Market Outlook, By Streptococcus Thermophilus (2022-2030) ($MN)      
4 Global Probiotics in Animal Feed Market Outlook, By Bacillus (2022-2030) ($MN)      
5 Global Probiotics in Animal Feed Market Outlook, By Bifidobacterium (2022-2030) ($MN)      
6 Global Probiotics in Animal Feed Market Outlook, By Fungi (2022-2030) ($MN)      
7 Global Probiotics in Animal Feed Market Outlook, By Yeast (2022-2030) ($MN)      
8 Global Probiotics in Animal Feed Market Outlook, By Other Sources (2022-2030) ($MN)      
9 Global Probiotics in Animal Feed Market Outlook, By Form (2022-2030) ($MN)      
10 Global Probiotics in Animal Feed Market Outlook, By Liquid (2022-2030) ($MN)      
11 Global Probiotics in Animal Feed Market Outlook, By Dry (2022-2030) ($MN)      
12 Global Probiotics in Animal Feed Market Outlook, By Function (2022-2030) ($MN)      
13 Global Probiotics in Animal Feed Market Outlook, By Nutrition (2022-2030) ($MN)      
14 Global Probiotics in Animal Feed Market Outlook, By Immunity (2022-2030) ($MN)      
15 Global Probiotics in Animal Feed Market Outlook, By Gut Health (2022-2030) ($MN)      
16 Global Probiotics in Animal Feed Market Outlook, By Productivity (2022-2030) ($MN)      
17 Global Probiotics in Animal Feed Market Outlook, By Yield (2022-2030) ($MN)      
18 Global Probiotics in Animal Feed Market Outlook, By Livestock (2022-2030) ($MN)      
19 Global Probiotics in Animal Feed Market Outlook, By Poultry (2022-2030) ($MN)      
20 Global Probiotics in Animal Feed Market Outlook, By Ruminants (2022-2030) ($MN)      
21 Global Probiotics in Animal Feed Market Outlook, By Swine (2022-2030) ($MN)      
22 Global Probiotics in Animal Feed Market Outlook, By Pets (2022-2030) ($MN)      
23 Global Probiotics in Animal Feed Market Outlook, By Equine (2022-2030) ($MN)      
24 Global Probiotics in Animal Feed Market Outlook, By Cattle (2022-2030) ($MN)      
25 Global Probiotics in Animal Feed Market Outlook, By Aquaculture (2022-2030) ($MN)      
26 Global Probiotics in Animal Feed Market Outlook, By Other Livestocks (2022-2030) ($MN)      
27 Global Probiotics in Animal Feed Market Outlook, By Sales Channel (2022-2030) ($MN)      
28 Global Probiotics in Animal Feed Market Outlook, By Speciality Stores (2022-2030) ($MN)      
29 Global Probiotics in Animal Feed Market Outlook, By Online Retailers (2022-2030) ($MN)      
30 Global Probiotics in Animal Feed Market Outlook, By Modern Trade (2022-2030) ($MN)      
31 Global Probiotics in Animal Feed Market Outlook, By Direct Sales (2022-2030) ($MN)      
32 Global Probiotics in Animal Feed Market Outlook, By Convenience Stores (2022-2030) ($MN)      
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.       

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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