Probiotics in Animal Feed Market Size, Key Players, Industry Scope, & Forecast Analysis By 2030
Probiotics in Animal Feed Market Overview:
The primary fueling factor for the global probiotics in
animal feed market is a rise in awareness of the cattle and the pet owners
regarding the beneficial effects of the probiotics on the livestock's overall
performance. The strict regulatory approach over the synthetic feed additives
that are known to have detrimental health impacts both on humans and animals
has brought probiotics to the center stage of the animal feed sector,
augmenting the market's growth. The rapid growth in the consumption of animal-derived
products and its promising future growth trajectory has also brought
clean-label requirements to the forefront. Cattle owners and producers are now
inclined to opt for natural offerings that improve animal productivity. Such
developments resonate favorably with the sustainable growth of the Probiotics
in Animal Feed Market.
In addition, the
Probiotics in Animal Feed Market Size are expected
to rise at a CAGR of 8.6%, with a value of USD 0.4 Billion over the estimated
forecasting year of 2023-2030.
Increasing pressure on the livestock industry has
intensified to meet the growing demand for meat and high-value animal protein.
Population growth, rising incomes in developing nations, and urbanization have
led to a surge in global livestock consumption. The level of income and
consumption of animal protein is directly correlated to the consumption of
milk, meat, and eggs, increasing at the expense of staple foods. The highest
growth in meat consumption is expected from the Asia-Pacific and Latin American
regions because of changing diet patterns, urbanization, and economic growth.
According to Agriculture and Agri-food Canada, the demand for meat in China
surpasses the domestic supply. Increasing life expectancy and limited
availability of land and water resources for animal feed production, coupled
with the robust demand for animal-based protein sources, are driving the market
for feed probiotics.
Regional Analysis:
Most countries in Europe had used excessive amounts of
antibiotics for their livestock. As the standardization of meat consumers in
the importing country increases day by day, stocks with a higher level of
antibiotics are getting rejected. Hence, farmers are asked to use natural
ingredients as feed supplements. During this scenario, probiotics played a
crucial role. In addition to the standardization, several amendments are going
on. For instance, the German Drug Act aims to reduce the usage of antibiotics in
livestock farming gradually. In addition to this, there are new regulations in
the regions, allowing the relevant authorities to check the frequency of
antibiotics used in farm animals. Due to such restrictions, growers are
pressurized to shift to natural feed ingredients, driving the growth of
probiotics in animal feed market.
Key Players:
The global Key Probiotics in Animal Feed Market Players are:
·
Chr. Hansen Holding A/S (Denmark)
·
Novozymes (Denmark)
·
Kerry Group (Ireland)
·
DuPont de Nemours, Inc. (US)
·
Evonik Industries AG (Germany)
·
Land O'Lakes, Inc. (US)
·
Pure Cultures (US)
·
Bluestar Adisseo Co., Ltd. (China)
·
Novus International, Inc. (US)
·
Koninklijke DSM N.V. (Netherlands)
·
Schouw & Co. (Denmark)
·
Lesaffre (France)
·
Unique Biotech (India)
·
Lallemand Inc. (Canada)
·
Alltech (US)
Market Segmentation:
The global Probiotics
in Animal Feed Market Overview has been segmented into four
sections: source, form, livestock, and regional. The market is divided into
four parts with the source sections: streptococcus, lactobacillus,
bifidobacterium, and others. The market is classified into two parts, dry and
liquid, with the form type. With the livestock part, the global market is
divided into five sections: swine, poultry, ruminants, aquaculture, and others.
According to the regional sectors, the global market is divided into five
parts: Asia-pacific, Europe, North America, South America, and the Middle East
& Africa.
Industrial News:
The probiotics in animal feed market is highly fragmented,
with the top-five market players accounting for 8.95% of the market share.
Three categories of players operate in the studied market: research and
development firms, manufacturing firms, sales companies, and brand owners.
Furthermore, the market consists of a number of integrated players who are
active in the entire B2B value chain.
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