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Asia Pacific Animal Feed Probiotic Bacteria Market By Livestock (Cattle, Poultry, Swine, Aquaculture, Others Includes Pets, Equine, And Rabbits), By Source (Bacteria), By Form (Dry, Liquid), By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027).

Published: March, 2023
ID: 5124
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Animal Feed Probiotic Bacteria Market Size, Growth, Trends and Forecast:

Asia Pacific Animal Feed Probiotic Bacteria Market size was around USD 2.41 billion in 2021. It is expected to grow at a CAGR of 7.9% to reach USD 4.06 billion by 2026. 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.

Asia Pacific Animal Feed Probiotic Bacteria Market Segmentation:

Asia Pacific Animal Feed Probiotic Bacteria Market – By Livestock:

  • 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.

Asia Pacific Animal Feed Probiotic Bacteria Market – By Source:

  • Bacteria
  • Lactobacilli
  • Streptococcus thermophiles
  • 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.

Asia Pacific Animal Feed Probiotic Bacteria Market – By Form:

  • 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.

Geographical Analysis:

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.

Key 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).

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