Animal Feed Probiotics

Global Animal Feed Probiotics Market Is Slated To Expand At A CAGR Of Close To 7% Over The Next Ten Years

Food and beverages

Probiotics are sourced from bacteria such as enterococcus, lactobacillus, pediococcus, and bacillus, and non-bacteria yeast and fungi. These are given to animals to improve the gut, digestion, and overall health. Growing consumption of meat and dairy products has led to tremendous demand for animal feed probiotics in recent years.

Rise in human population has propelled demand for livestock and the need for additional supplements in the diet for companion as well as livestock animals for appropriate nutrition, owing to which, production and consumption of animal feed probiotics has been amplified.

Analyzing consumer spending behavior, increase in disposable income, consciousness towards health and food, and other key factors will strengthen demand for animal feed probiotics over the coming years, which will generate a billion dollar opportunity for new as well as existing market players.

To remain ‘ahead’ of your competitors, request for a sample –  https://www.factmr.com/connectus/sample?flag=S&rep_id=2891

Key Takeaways from Market Study

  • The global animal feed probiotics market is anticipated to add 2X value by 2031 as compared to 2021.
  • Lactobacillus bacteria captures a governing share of the market, and is set to create over a billion dollar opportunity over the long-term forecast period.
  • Companion animals is the fastest growing segment and will acquire nearly one-sixth market share by 2031.
  • APEJ is set to dominate market revenue in 2021, and is expected to gain 327 BPS in its market share by 2031.
  • Modern trade is anticipated to lose around 272 BPS over the forecast period of 2021-2031.
  • China, India, Germany, and the United States of America are key countries dominating demand for animal feed probiotic products.

Key Market Segments Covered

  • Source

    • Bacteria-based Animal Feed Probiotics
      • Bifidobacterium
      • Enterococcus
      • Lactobacillus
      • Pediococcus
      • Bacillus
      • Propionibacterium
      • Streptococcus
      • Others
    • Non-bacteria-based Animal Feed Probiotics
      • Yeast
      • Fungal
  • Animal

    • Animal Feed Probiotics for Companion Animals
    • Animal Feed Probiotics for Livestock
      • Poultry
      • Cattle
      • Swine
      • Aquaculture
      • Other Animals
  • Form

    • Liquid Animal Feed Probiotics
    • Dry Animal Feed Probiotics
  • Sales Channel

    • Animal Feed Probiotics Sold through Modern Trade
    • Animal Feed Probiotics Sold at Specialty Stores
    • Animal Feed Probiotics Sold by Online Retailers
    • Animal Feed Probiotics Sold at Convenience Stores
    • Animal Feed Probiotics Sold through Direct Sales
  • Regions

    • North America
    • Latin America
    • Europe
    • Japan
    • APEJ
    • MEA

Competition Landscape

Aforementioned market players are considered as prominent players in the animal feed probiotics market. Key market players are focusing on various strategies such as partnerships, acquisitions, mergers, and expansion in the market to target the immense potential.

  • For instance, on June 09, 2020, Chr. Hansen Holding A/S acquired UAS Labs. Through this, the company will be able to leverage six trademarks and access a new customer base.
  • Epicore BioNEtworks Inc. was acquired by Neovia SAS to expand in Canada. In the same vein, on February 1st, 2021, Novus Int. sold its feed quality and pigment business, which will help the company focus on core products and in developing innovative technologies to produce the best products.

Leave a Reply

Related Posts