Feed Probiotics Market Size, Share, Growth Analysis, By Type(Lactobacillus, Bifidobacterium, Saccharomyces, Streptococcus), By Animal Type(Poultry, Ruminants, Swine, Aquaculture), By Region - Industry Forecast 2024-2031

Feed Probiotics Market Driver

• Large-scale livestock raising contributes to the largest market for products derived from cattle. In addition to aiding in food production, farm animals serve important economic and social roles. Many small-scale farmers around the world still rely on cattle for their livelihoods. 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.
• With a strong presence of internationally renowned companies like Chr. Hansen, Danisco A/S, Koninklijke DSM N.V., Lallemand Inc., and Calpis Co. Ltd., the global market for probiotics in animal feed has a structure that is somewhat consolidated. By enhancing their R&D infrastructure, expanding into emerging regions, and innovating their product offerings, these players are projected to boost the probiotics in animal feed market revenue by 2026. For instance, in South Africa, Chr. Hansen introduced GALLIPRO FIT in April 2019 as a triple strain probiotic solution for poultry to help broilers, layers, and turkeys maintain a healthy immune system and digestive performance. In order to increase the market share of their product offerings, other businesses also intend to implement novel techniques.

• The vital health benefits of the probiotics helps to drive the market.when it is consumed in adequate amounts, have desirable effects on the body, such as improved gut health and reduced intestinal inflammation. It also strengthen the immune system protecting the individual from various disease.

Feed Probiotics Market Restraint

• The global rise in raw material prices and the stricter government requirements in industrialized nations have a significant impact on the expansion of the compound feed business. The kind and quantity of feed raw materials used in Feed Probiotics are heavily influenced by their cost and nutritional value. The production, nutrient content, and price of plant-based raw materials like corn, soybeans, and others are significantly impacted by changes in the weather. With every change in the production and consumption of animals and their products, respectively, the cost of meals made from animal byproducts also varies.
• The lack of proper regulations in the industry is anticipated to impede market growth. Furthermore, probiotics necessitate proper storage as they are highly sensitive organisms that can easily be weakened by a variety of environmental factors. Moreover, the majority of probiotics are unstable at room temperature. All of these factors hinder the market growth.