Global Animal Feed Probiotic Bacteria Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Livestock (Cattle, Poultry, Swine, Aquaculture, Others Includes Pets, Equine, And Rabbits), Source (Bacteria), Form (Dry, Liquid), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)- Industry Analysis From 2024 to 2029

Updated On: January, 2024
ID: 5119
Pages: 175

Global Animal Feed Probiotic Bacteria Market Size (2024 to 2029)

The global animal feed probiotic bacteria market size is expected to reach USD 9.99 billion in 2024 and reach USD 14.34 billion by 2029, growing at a CAGR of 4.55 from 2024 to 2029.

The demand for probiotics in animal feed is growing significantly owing to rising awareness about animal health among breeders, growing demand for nutrient-rich feed for animals, and rising demand for quality animal feed products.

Market Drivers and Restraints

The major restraining factor for the probiotics in animal feed is the time and investment required for regulatory approval. Regulations on the maximum quantity of probiotics that can be added to animal feed, processing methods, and labeling, packaging, and storage conditions restrict the growth of the probiotics in the animal feed market. Such regulations restrict new players from entering the market, thus restricting the market growth.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

7.5%

Segments Covered

By Livestock, Source, Form, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Chr. Hansen A/S (Denmark), Koninklijke DSM N.V. (Netherlands), Lallemand, Inc. (Canada), Lesaffre & Cie (France), and E.I. du Pont de Nemours and Company (U.S.). Other players include Novozymes A/S (Denmark), Calpis Co., Ltd. (Japan), Land O'Lakes, Inc. (U.S.), Schouw & Co.(Denmark), Evonik Industries AG (Germany), Alltech (U.S.), and Mitsui & Co., Ltd. (Japan).

 

SEGMENTAL ANALYSIS

Global Animal Feed Probiotic Bacteria Market By Livestock

The poultry segment covers the largest market share due to increased production and consumer demand for poultry meat in developing regions such as Asia-Pacific and South America.

Global Animal Feed Probiotic Bacteria Market By Source

On the basis of source, the probiotics in the animal feed market were led by the bacteria segment in 2016. Lactobacilli is one of the most widely commercially available sources of probiotics in animal feed. North American countries are anticipated to become major markets due to the high awareness among customers and this aids in the growth of the global probiotics in animal feed market in the aforementioned forecast period.

Global Animal Feed Probiotic Bacteria Market By Form

The dry form of probiotics in animal feed commanded the largest market share in 2016. Dry probiotics help in improving the shelf life of feed products, resulting in lower storage costs for feed manufacturers, thus raising the demand for dry probiotics in animal feed.

REGIONAL ANALYSIS

Asia-Pacific accounted for the largest market share for probiotics in animal feed in 2016, owing to a large livestock base, high meat consumption, and increasing consumer awareness about the positive impact of probiotics on animal health. Major countries contributing significantly toward the growth of the Asia-Pacific region include China, India, Japan, Australia, and New Zealand. The rapidly growing dairy and meat industries in the region are expected to boost the probiotics market for animal feed.

KEY MARKET PLAYERS

The key players that are profiled in the report include Chr. Hansen A/S (Denmark), Koninklijke DSM N.V. (Netherlands), Lallemand, Inc. (Canada), Lesaffre & Cie (France), and E.I. du Pont de Nemours and Company (U.S.). Other players include Novozymes A/S (Denmark), Calpis Co., Ltd. (Japan), Land O'Lakes, Inc. (U.S.), Schouw & Co.(Denmark), Evonik Industries AG (Germany), Alltech (U.S.), and Mitsui & Co., Ltd. (Japan).

DETAILED SEGMENTATION OF THE GLOBAL ANIMAL FEED PROBIOTIC BACTERIA MARKET INCLUDED IN THIS REPORT

This research report on the global animal feed probiotic bacteria market is segmented and sub-segmented into the following categories.

By Livestock

  • Cattle
  • Poultry
  • Swine
  • Aquaculture
  • Others
    • pets
    • equine
    • rabbits

By Source

  • Bacteria
  • Bacterial is further segmented into
    • Lactobacilli
    • Streptococcus thermophiles
    • Bifidobacteria

By Form

  • Dry
  • Liquid

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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