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 News

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 Market Report Snapshots

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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 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. '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'

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.

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.

The regional dynamics of the animal feed probiotics market highlight its 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.

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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

Animal Feed Probiotics Market News

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