Probiotics In Animal Feed Market
PUBLISHED: 2023 ID: SMRC22720
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Probiotics In Animal Feed Market

Probiotics in Animal Feed Market Forecasts to 2028 - Global Analysis By Source (Bifidobacterium, Bacillus, Streptococcus Thermophilus, Yeast, Fungi and Other Sources), Form (Dry and Liquid), Livestock, Function, Sales Channel and By Geography

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4.7 (66 reviews)
Published: 2023 ID: SMRC22720

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $5.2 BN

Projected Year Value (2028)

US $8.6 BN

CAGR (2022 - 2028)

8.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Probiotics in Animal Feed Market is accounted for $5.2 billion in 2022 and is expected to reach $8.6 billion by 2028 growing at a CAGR of 8.8% during the forecast period. Probiotics are living microorganisms that, when given in sufficient dosages, boost the host's health. To maintain the microbial ecosystems of the digestive tract in both ruminant and monogastric animals, probiotics are widely employed as feed supplements. Probiotics are viewed as a secure and effective substitute for antibiotics. They replenish and balance the digestive system's beneficial microorganisms. Supplementing probiotics in animal feed positively alter the gut microbiota, reduce illness symptoms and pathogen shedding and promotes disease resistance.

According to the Food and Agriculture Organization (FAO), demand for food supplies will increase by 60% by 2050, while animal protein demand will increase by 1.7 percent annually.



Market Dynamics:

Driver:

Increase in consumption of quality animal-based products

The consumption of meat and dairy products is on the rise, which has led to an increase in the demand for probiotics used in animal feed. These are only a few of the documented changes in global dietary preferences and consumption patterns. The market for animal feed probiotics has grown as a consequence of the increasing demand for animal products including dairy, meat, and other non-food items. These elements are fuelling the market demand.

Restraint:

Strict quality regulations

Probiotics are widely employed in animal feeding and are regarded as growth and health stimulators. Probiotics used in animal feed products must adhere to stringent guidelines and regulations in order to reach high international standards. Due to stringent EC rules, the unique effectiveness of probiotics in animal feeding is thoroughly confirmed which hinders the market demand.

Opportunity:

Innovations and technological advancements in the feed industry

Innovations have been a key focus area in the feed industry. The discovery of sustainable feed additives is a continuing goal of several regulatory agencies. Manufacturers of feed are providing the top components and technology to create cutting-edge additive combinations in order to fulfill the rising demand which is further driving the market expansion.

Threat:

Huge R&D costs

The expansion of the market for probiotics in animal feed is hindered by significant expenditures in R&D activities, labs, research equipment, and the high cost of recruiting qualified personnel. The success of this market is attributed to the scientific confirmation of the use of probiotics in various applications. The health advantages of probiotic applications make it difficult for producers to get a sufficient return on their substantial initial investments.

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:

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.

Region with highest CAGR:

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.



Key players in the market

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

Key Developments:

In March 2023, Danisco Animal Nutrition & Health, a business unit of IFF, announced the launch of Axtra® PRIME, an optimized enzyme blend designed to address key challenges in piglet production. According to the company statement this highly effective feed solution, now available in the US, improves nutrient digestion, enhances gut health, and delivers measurable performance results.

In March 2023, Evonik launches new TEGO® Flow 380 leveling agent for high-quality automotive clear coatings. TEGO® Flow 380 is suitable for solventborne coatings, especially clear coats. It is characterized by excellent anti-popping properties and good compatibility. The main applications are automotive and general industrial coatings.

In January 2023, Global animal health and nutrition company Novus International, Inc, announced its acquisition of biotech company Agrivida Inc. Through the purchase, Novus takes ownership of the proprietary INTERIUS™ technology Agrivida developed to embed feed additives inside grain.

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

Forms Covered:
• Dry
• Liquid

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

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

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

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 2020, 2021, 2022, 2025, and 2028
- 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
o 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 Bifidobacterium
5.3 Bacillus
5.4 Streptococcus Thermophilus
5.5 Yeast
5.6 Fungi
5.7 Other Sources

6 Global Probiotics in Animal Feed Market, By Form
6.1 Introduction
6.2 Dry
6.3 Liquid

7 Global Probiotics in Animal Feed Market, By Livestock
7.1 Introduction
7.2 Swine
7.3 Poultry
7.4 Ruminants
7.5 Aquaculture
7.6 Pets
7.7 Cattle
7.8 Equine
7.9 Other Livestocks

8 Global Probiotics in Animal Feed Market, By Function
8.1 Introduction
8.2 Gut Health
8.3 Nutrition
8.4 Yield
8.5 Immunity
8.6 Productivity

9 Global Probiotics in Animal Feed Market, By Sales Channel
9.1 Introduction
9.2 Modern Trade
9.3 Direct Sales
9.4 Speciality Stores
9.5 Convenience Stores
9.6 Online Retailers

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 Danisco Animal Nutrition
12.2 Alltech
12.3 Evonik Industries AG
12.4 Chr. Hansen Holding A/S
12.5 Novus International, Inc
12.6 Lallemand
12.7 Royal DSM
12.8 Calpis Co Ltd
12.9 Pure Cultures LLC
12.10 Adisseo
12.11 ADM
12.12 Land O'Lakes
12.13 Koninklijke DSM
12.14 Novozymes
12.15 Provita Eurotech Ltd
12.16 Lesaffre
12.17 Agrihealth
12.18 Arm & Hammer Animal Nutrition
12.19 Advance Aqua Bio Technologies
12.20 Orffa International Holding BV

List of Tables
1 Global Probiotics in Animal Feed Market Outlook, By Region (2020-2028) ($MN)
2 Global Probiotics in Animal Feed Market Outlook, By Source (2020-2028) ($MN)
3 Global Probiotics in Animal Feed Market Outlook, By Bifidobacterium (2020-2028) ($MN)
4 Global Probiotics in Animal Feed Market Outlook, By Bacillus (2020-2028) ($MN)
5 Global Probiotics in Animal Feed Market Outlook, By Streptococcus Thermophilus (2020-2028) ($MN)
6 Global Probiotics in Animal Feed Market Outlook, By Yeast (2020-2028) ($MN)
7 Global Probiotics in Animal Feed Market Outlook, By Fungi (2020-2028) ($MN)
8 Global Probiotics in Animal Feed Market Outlook, By Other Sources (2020-2028) ($MN)
9 Global Probiotics in Animal Feed Market Outlook, By Form (2020-2028) ($MN)
10 Global Probiotics in Animal Feed Market Outlook, By Dry (2020-2028) ($MN)
11 Global Probiotics in Animal Feed Market Outlook, By Liquid (2020-2028) ($MN)
12 Global Probiotics in Animal Feed Market Outlook, By Livestock (2020-2028) ($MN)
13 Global Probiotics in Animal Feed Market Outlook, By Swine (2020-2028) ($MN)
14 Global Probiotics in Animal Feed Market Outlook, By Poultry (2020-2028) ($MN)
15 Global Probiotics in Animal Feed Market Outlook, By Ruminants (2020-2028) ($MN)
16 Global Probiotics in Animal Feed Market Outlook, By Aquaculture (2020-2028) ($MN)
17 Global Probiotics in Animal Feed Market Outlook, By Pets (2020-2028) ($MN)
18 Global Probiotics in Animal Feed Market Outlook, By Cattle (2020-2028) ($MN)
19 Global Probiotics in Animal Feed Market Outlook, By Equine (2020-2028) ($MN)
20 Global Probiotics in Animal Feed Market Outlook, By Other Livestocks (2020-2028) ($MN)
21 Global Probiotics in Animal Feed Market Outlook, By Function (2020-2028) ($MN)
22 Global Probiotics in Animal Feed Market Outlook, By Gut Health (2020-2028) ($MN)
23 Global Probiotics in Animal Feed Market Outlook, By Nutrition (2020-2028) ($MN)
24 Global Probiotics in Animal Feed Market Outlook, By Yield (2020-2028) ($MN)
25 Global Probiotics in Animal Feed Market Outlook, By Immunity (2020-2028) ($MN)
26 Global Probiotics in Animal Feed Market Outlook, By Productivity (2020-2028) ($MN)
27 Global Probiotics in Animal Feed Market Outlook, By Sales Channel (2020-2028) ($MN)
28 Global Probiotics in Animal Feed Market Outlook, By Modern Trade (2020-2028) ($MN)
29 Global Probiotics in Animal Feed Market Outlook, By Direct Sales (2020-2028) ($MN)
30 Global Probiotics in Animal Feed Market Outlook, By Speciality Stores (2020-2028) ($MN)
31 Global Probiotics in Animal Feed Market Outlook, By Convenience Stores (2020-2028) ($MN)
32 Global Probiotics in Animal Feed Market Outlook, By Online Retailers (2020-2028) ($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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