USD 214 million
Animal Feed Probiotics Market Size, Share, Growth Analysis, By Product(Lactobacilli, Bifidobacterium, Streptococcus, Bacillus), By Livestock(Poultry, Broiler, Layer, Turkey), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2343 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
75
|Figures:
70
Animal Feed Probiotics Market Insights
Global Animal Feed Probiotics Market size was valued at USD 214 million in 2022 and is poised to grow from USD 228.98 million in 2023 to USD 393.43 million by 2031, growing at a CAGR of 7 % in the forecast period (2024-2031).
The animal feed probiotics market has gained significant traction as a crucial component of modern animal nutrition. Probiotics, live microorganisms that confer health benefits when consumed, are being increasingly incorporated into animal feed to enhance gut health, digestion, and overall animal well-being. This market's growth is driven by several factors, including the rising demand for safe and high-quality animal protein products, the focus on reducing the use of antibiotics in animal farming, and the increasing awareness of the link between gut health and animal performance.
The Asia Pacific region holds a substantial share in this market due to its large livestock population and growing meat consumption. Europe and North America also play key roles, driven by stringent regulations on antibiotic use in animal feed and a shift towards sustainable animal farming practices.
The segmentation of the animal feed probiotics market includes various animal types such as poultry, swine, ruminants, and aquaculture. Poultry, being the largest meat-producing sector, witnesses extensive probiotic use to improve feed efficiency and growth rates.
However, challenges include maintaining the viability of probiotics in feed processing, ensuring product stability, and optimizing formulations for different animal species. Overall, the market's trajectory underscores its potential to revolutionize animal nutrition and contribute to a more sustainable and health-conscious approach to livestock farming.
US Animal Feed Probiotics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Lactobacilli
Fastest Growth
Lactobacilli
Growth Rate
7% CAGR
Global Animal feed probiotics market ($ Bn)
Country Share for Asia Pacific Region (%)
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Animal Feed Probiotics Market Segmental Analysis
The Global Animal Feed Probiotics Market is segmented on the basis of Product, Livestock, and Region. Based on Product the market is segmented as, Lactobacilli, Bifidobacterium, Streptococcus, Bacillus, Others. Based on Livestock the market is segmented as, Poultry, Broiler, Layer, Turkey, Swine, Starter, Grower, Sow, Aquaculture, Salmon, Pet food, Dog, Cat, Equine, Others. Based on Region the market is segmented as, North America, Europe, APAC, LATAM
Animal Feed Probiotics Market Analysis By Product
In terms of classification by type, the "Lactobacilli" segment is dominating the market. Lactobacilli are a group of beneficial bacteria that play a crucial role in improving gut health and digestion in animals. The widespread recognition of their positive impact on animal health and performance has contributed to the dominance of this segment in the market.
The "Bifidobacterium" segment is emerging as the fastest-growing segment in the animal feed probiotics market. Bifidobacterium strains are known for their ability to support a balanced gut microbiota, enhance immune responses, and promote overall well-being in animals. As consumers and livestock producers increasingly prioritize animal welfare, the demand for probiotics that offer these health benefits has driven the rapid growth of the Bifidobacterium segment.
Animal Feed Probiotics Market Analysis By Livestock
In terms of classification by Livestock, the "Poultry" segment is dominating the Market. Poultry, including broilers, layers, and turkeys, represents a significant portion of the livestock industry and thus exhibits a strong demand for animal feed probiotics. The need to enhance the overall health, immunity, and performance of poultry animals has driven the adoption of probiotics in their feed, contributing to the dominance of this segment.
Among the various livestock categories, the "Aquaculture" segment is emerging as the fastest-growing segment. With the increasing consumption of seafood and the expansion of aquaculture operations to meet global demand, the focus on improving the health and growth of aquatic species through probiotic supplementation is driving the rapid growth of this segment. Probiotics offer benefits such as improved digestion, disease resistance, and water quality management in aquaculture settings.
Global Animal feed probiotics market By Product
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Animal Feed Probiotics Market Regional Insights
The regional dynamics of the animal feed probiotics market highlight its global significance and varied impacts. In Asia Pacific, characterized by a substantial livestock population and rising meat consumption, the market thrives due to the region's extensive poultry, swine, and aquaculture industries. Growing awareness of the benefits of probiotics in enhancing animal health and productivity aligns with the region's evolving animal farming practices. Europe and North America exhibit pronounced growth due to stringent regulations limiting antibiotic use in animal feed, prompting a shift towards probiotics as alternative growth promoters. These regions emphasize sustainable and ethical animal production methods, further propelling the adoption of probiotics.
Furthermore, Latin America and Africa are emerging as promising markets. In Latin America, the livestock industry's expansion drives the demand for probiotics to optimize production efficiency and health. Africa, with its burgeoning population and increasing protein consumption, sees probiotics as a solution to meet nutritional demands sustainably. The Middle East witnesses growth due to its focus on enhancing livestock quality and productivity amidst challenging climatic conditions.
While regional nuances influence market dynamics, the common thread is the recognition of probiotics as a transformative tool in modernizing animal nutrition, fostering healthier livestock, minimizing antibiotic usage, and aligning with global sustainability goals.
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Animal Feed Probiotics Market Dynamics
Animal Feed Probiotics Market Drivers
Growing Demand for Sustainable Animal Farming:
- Increasing awareness of the environmental and health impacts of conventional livestock practices has led to a shift towards sustainable and ethical animal farming. Probiotics offer a natural and effective solution to improve animal health, reduce antibiotic use, and enhance overall productivity.
Rising Consumer Demand for Safe Food:
- Consumers are increasingly concerned about the safety and quality of animal-derived products. Probiotics help in maintaining gut health and reducing the risk of pathogens, aligning with the demand for safe and high-quality food.
Animal Feed Probiotics Market Restraints
Viability and Stability Concerns:
- Maintaining the viability and stability of probiotic microorganisms in the feed manufacturing process, storage, and digestive environments poses challenges. Ensuring that probiotics remain effective until consumption is crucial.
Limited Understanding of Microbiome Interactions:c
- The intricate interactions between probiotics, gut microbiota, and animal health are still being explored. A deeper understanding is required to optimize probiotic formulations for different animal species and production systems.
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Animal Feed Probiotics Market Competitive Landscape
The competitive landscape of the animal feed probiotics market is characterized by a mix of established players and emerging entrants, all striving to capitalize on the rising demand for sustainable and effective animal nutrition solutions. Key industry participants such as Chr. Hansen Holding A/S, Lallemand Inc., and DSM Nutritional Products AG have solidified their positions through extensive research and development efforts, strategic partnerships, and innovative product offerings. These companies have established themselves as trusted providers of probiotic formulations tailored to various livestock species, addressing specific health and productivity challenges.
Animal Feed Probiotics Market Top Player’s Company Profile
- Chr. Hansen Holding A/S
- Lallemand Inc.
- DSM Nutritional Products AG
- Evonik Industries AG
- Novozymes A/S
- Archer Daniels Midland Company
- DuPont de Nemours, Inc.
- Cargill, Incorporated
- Alltech, Inc.
- Kerry Group plc
- Provita Eurotech Limited
- Calpis Co., Ltd.
- BIOMIN Holding GmbH
- Biovet JSC
- Neovia Group
Animal Feed Probiotics Market Recent Developments
-
The Asia Pacific probiotics market for animal feed had notable expansion on December 11, 2023. Through the maintenance of a healthy gut flora for efficient nutrient digestion and absorption, probiotics support animal health and production.
-
A joint venture between Evonik and Shandong Vland Biotech was successfully established in China on October 15, 2023, with the goal of improving the intestinal health of animals raised for food, with a particular emphasis on probiotics.
- In March 2023, Kemin Industries acquired the probiotic company Microbiome Diagnostics. The acquisition will give Kemin access to Microbiome Diagnostics' expertise in developing and testing probiotics for animals.
Animal Feed Probiotics Key Market Trends
- Shift Towards Antibiotic Alternatives: The increasing concerns about antibiotic resistance and their potential impact on human health have led to a shift towards antibiotic alternatives in animal nutrition. Probiotics are emerging as a viable solution, promoting gut health and reducing the need for antibiotics.
Animal Feed Probiotics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global animal feed probiotics market analysis; the animal feed probiotics market is witnessing robust growth globally, driven by increasing demand for sustainable livestock production practices. In regions like Asia Pacific, Europe, and North America, where livestock farming is a key industry, the adoption of probiotics is rising to enhance animal health and performance. Segmented by livestock type, including poultry, swine, ruminants, and aquaculture, probiotics are gaining prominence for their role in improving gut health, digestion, and overall well-being. Key drivers include the shift towards antibiotic alternatives due to antibiotic resistance concerns, consumer demand for safe and high-quality animal products, and regulatory restrictions on antibiotic use. Probiotics address these drivers by offering a natural solution to improve feed efficiency, reduce disease incidence, and promote sustainable animal farming practices, aligning with global sustainability goals and consumer preferences for responsible food production.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 214 million |
| Market size value in 2031 | USD 393.43 million |
| Growth Rate | 7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Animal Feed Probiotics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Animal Feed Probiotics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Animal Feed Probiotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Animal Feed Probiotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Animal Feed Probiotics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Animal Feed Probiotics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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