The Asia Pacific Animal Feed Probiotic Bacteria market size was around USD 1.41 billion in 2018. It is expected to grow at a CAGR of 7.9% to reach USD 2.06 billion by 2023. It captures 35% of the global market.
The Asia Pacific 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.
The major restraining factor for the probiotics in animal feed is time and investment required for regulatory approval. Regulations on the maximum quantity of probiotics that can be added to animal feed, processing methods, and labelling, packaging, and storage conditions restrict the growth of the probiotics in animal feed market. Such regulations restrict new players from entering the market, thus restricting the market growth.
The market is segmented by livestock, by source and by form. By livestock the market is segmented into Cattle, Poultry, Swine, Aquaculture, Others includes pets, equine, and rabbits. The poultry segment cover the largest market share due to increased production and consumer demand for poultry meat in developing regions such as Asia-Pacific and South America. By source the market is segmented into Bacteria. Bacterial is further segmented into Lactobacilli, Streptococcus thermophiles, and Bifidobacteria. On the basis of source, the probiotics in animal feed market was 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 Asia Pacific probiotics in animal feed market in the aforementioned forecast period. By form the market is categorized into dry and liquid. 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.
By geography the market is segmented into India, China, Japan, Korea, and others. 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.
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).
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Livestock
5.1.1 Introduction
5.1.2 Cattle
5.1.3 Poultry
5.1.4 Swine
5.1.5 Aquaculture
5.1.6 Others
5.1.7 Y-o-Y Growth Analysis, By Livestock
5.1.8 Market Attractiveness Analysis, By Livestock
5.1.9 Market Share Analysis, By Livestock
5.2 Form
5.2.1 Introduction
5.2.2 Dry
5.2.3 Liquid
5.2.4 Y-o-Y Growth Analysis, By Form
5.2.5 Market Attractiveness Analysis, By Form
5.2.6 Market Share Analysis, By Form
5.3 Source
5.3.1 Introduction
5.3.2 Bacteria
5.3.2.1 Lactobacilli
5.3.2.1.1 Research on Lactobacilli
5.3.2.2 Streptococcus Thermophilus
5.3.2.2.1 Probiotic Properties of Streptococcus Thermophilus
5.3.2.3 Bifidobacteria
5.3.2.3.1 Research on Bifidobacteria
5.3.3 Yeast
5.3.4 Y-o-Y Growth Analysis, By Source
5.3.5 Market Attractiveness Analysis, By Source
5.3.6 Market Share Analysis, By Source
5.4 Function
5.4.1 Introduction
5.4.2 Nutrition
5.4.3 Gut Health
5.4.4 Carcass Yield
5.4.5 Immunity
5.4.6 Productivity
5.4.7 Y-o-Y Growth Analysis, By Function
5.4.8 Market Attractiveness Analysis, By Function
5.4.9 Market Share Analysis, By Function
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Livestock
6.1.3.3 By Form
6.1.3.4 By Source
6.1.3.5 By Function
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Livestock
6.1.4.3 By Form
6.1.4.4 By Source
6.1.4.5 By Function
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Livestock
6.1.5.3 By Form
6.1.5.4 By Source
6.1.5.5 By Function
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Chr. Hansen A/S
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Koninklijke DSM N.V.
8.3 Lallemand Inc.
8.4 Lesaffre & Cie
8.5 E. I. Dupont De Nemours and Company
8.6 Novozymes A/S
8.7 Calpis Co., Ltd.
8.8 Land O’ Lakes, Inc. (Purina Animal Nutrition)
8.9 Schouw & Co. (Biomar SAS)
8.10 Evonik Industries AG
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
