What is the global market size of Feed Probiotics Market?

Feed Probiotics Market size was valued at USD 2.7 billion in 2021 and is poised to grow from USD 2.9 billion in 2022 to USD 5.56 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).

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

Report ID: SQSG30C2031 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 69 | Figures: 75

Feed Probiotics Market Insights

Feed Probiotics Market size was valued at USD 2.7 billion in 2022 and is poised to grow from USD 2.9 billion in 2023 to USD 5.56 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

An increase in cattle and pet owners' knowledge of the positive effects of probiotics on livestock's overall performance is the main driver driving the global feed probiotics market. Probiotics have taken center stage in the animal feed industry as a result of the strict regulatory approach taken against synthetic feed additives, which are known to have negative health effects on both humans and animals. This has accelerated feed probiotics market growth.

Cattle owners and producers are now more likely to choose natural options that increase the productivity of their animals as a result of the strong growth in the consumption of animal-derived products and its optimistic future growth trajectory. Such advancements are in line with the probiotics market's sustainable rise in animal feed.

US Feed Probiotics Market is poised to grow at a sustainable CAGR for the next forecast year.

Feed Probiotics Market Report Snapshots

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The feed probiotics market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Chr. Hansen Holding A/S', 'Dupont de Nemours, Inc.', 'Koninklijke DSM N.V.', 'Lallemand Inc.', 'Novozymes A/S', 'Lesaffre & Cie', 'Bio-Vet, Inc.', 'BioResource International, Inc.', 'Adisseo France SAS', 'Alltech, Inc.', 'Archer Daniels Midland Company', 'Biomin Holding GmbH', 'Kemin Industries, Inc.', 'Evonik Industries AG', 'Cargill, Inc.', 'Provita Eurotech Limited', 'Pure Cultures, LLC', 'Novus International Inc.', 'Nutreco N.V.', 'Danisco Animal Nutrition (a subsidiary of Dupont de Nemours, Inc.)'

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.

Due to favorable demand dynamics and equally solid production conditions, the poultry industry continues to be one of the most attractive application areas for probiotics in the animal feed business. However, due to poor hygiene and sanitation management, poultry flock are frequently exposed to infections such Salmonella enterica, Escherichia coli, and Campylobacter jejuni. The development of natural alternatives has been encouraged by the rising worries about antibiotic resistance. Lactic acid bacteria (LAB), one of the most common strains in poultry feed, has an impact on the market for probiotics in animal feed. The use of probiotics in animal feed includes strains of Bifidobacterium, Enterococcus, Lactobacillus, Bacillus, Pediococcus, and Streptococcus has expanded in the swine and ruminant sectors as well.

The Asia Pacific accounted for the largest feed probiotics market share and is expected to remain the leading consumer of Feed Probiotics in the coming years. The heavy reliance on animal-based food products in dietary patterns in developing countries including the Asia Pacific, the Middle East, and Africa is a major driving force. The livestock have been under increasing pressure to produce more with less inputs.

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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

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