Probiotics in Animal Feed Market Size (2022 - 2027)
The Global Probiotics in Animal Feed Market was worth US$ 4.8 billion in 2021, and it is estimated to reach a valuation of US$ 7.9 billion by the end of 2027, expanding at an annual growth rate of 8.8% between 2022 and 2027.
Probiotics are living microorganism that provides health benefits when consumed or taken into the body. They are used in animal feed and are generally produced commercially and available in the market in liquid and dry form. The probiotics are considered as the growth and health stimulator and are used significantly in animal feeding, particularly in swine and poultry production.
The probiotics are classified into bacteria, yeast and fungi. The most widely used bacteria include Lactobacillus, Bacillus, Streptococcus, Pediococcus, Enterococcus, Bifidobacterium, and Propionibacterium. It improves the digestion and availability of essential nutrients that helps animal to maintain and defend themselves against the infectious agents and also enhance the health and development of the animal and produce more milk, eggs and meat. Probiotics are good bacteria and yeast which fight off the pathogenic bacteria, improve immunity system and restore the gut microbial balance. Now a days, farmers are giving probiotics feed supplements to poultry, ruminants, fishes, swines and other livestock. The increasing demand of protein based animal products is fueling the growth of the animal feed probiotics market growth during the forecast period between 2022 and 2027.
MARKET DRIVERS
The driving force of the Probiotics in Animal Feed Market is increasing demand of the protein rich. The population around the globe is become more health conscious and is likely to consume protein rich food particularly animal based protein food such as dairy products, eggs, meat and meat products. In order to meet the increasing demand, the farmers are giving probiotics to the animals in order to keep them safe and prevent them from harmful pathogens and diseases.
Furthermore, the increasing awareness among the livestock farmers of developing countries is another factor that fuels the growth of the market. The farmers are becoming aware about the benefits of the probiotics as probiotics helps in growth and development of the animals, increase directivity, improve immune system and helps increasing farm profitability. Therefore, farmers are adding probiotics in animal feed that fuels the growth of the market.
Moreover, the stringent rule by European Union also propels the growth of the market. The European Union has banned the use of antibiotic in animal feed, drives the demand of the probiotics in the market as probiotics are much beneficial as compared to antibiotics.
All the above factors are responsible for the growth of the probiotics in animal feed market growth during the projected period between 2022 and 2027.
MARKET RESTRAINTS
The high research and development cost for innovation of new probiotics and the stringent regulation for probiotics manufacturers by the international bodies such as US food and Drug Administration (FDA), WHO, European Food Safety Authority, Australian pesticides and Veterinary Medicines Authority etc are the key factors that hinders the growth of the probiotics in animal feed market growth.
PROBIOTICS IN ANIMAL FEED MARKET REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 – 2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022 - 2027 |
|
CAGR |
8.8% |
|
Segments Covered |
By Source, Livestock, Form, Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Koninklijke DSM N.V. (Netherlands), Du Chr. Hansen (Denmark), DuPont (US), Evonik Industries (Germany), Land O'Lakes (US), Mitsui & Co., Ltd. (Japan), Ohly (Denmark), Lesaffre (France), Alltech (US) |
Market Segmentation
The Poultry segment is estimated to dominate the market during the projected period due to the favorable demand and equally rapid production scenario. Additionally, the poultry flock is highly exposed to pathogens like Salmonella enterica, Escherichia coli and Campylobacter jejuni because of improper hygiene and sanitation management of poultry livestock.
The bacteria segment is again bifurcated into Lactobacilli, Streptococcus thermophilus, Bifidobacterium and yeast & fungi segment is also bifurcated into Saccharomyces cerevisiae, Saccharomyces boulardii, and other sources. Bacterial source such as Lactobacillus and Bifidobacterium are presently dominating the market as these are widely used in majority of animal feed sold worldwide. Additionally, bacterial strains have proved to viable and feasible alternative to the antibiotic growth promoter. However, yeast & Fungi segment is expected to dominate the market during the forecast period, due to rising use of yeast in fungi in animal feed particularly in ruminants feed.
Based on Form, the Global Probiotics in Animal Feed Market is segmented into Dry, Liquid. The dry form of probiotics in animal feed is going to dominate the market over the foreseen period, the reason for this growth is that the dry form is easier to handle & transport, improve shelf life and has low-moisture content as compared to liquid form.
North America accounted for the largest market share of the global probiotics in animal feed market. The growing awareness about the benefits of probiotics for animal health is creating a big opportunity for the animal feed probiotics manufacturers. In this region, United States animal feed probiotics market is expected to register a CAGR of 4.7% during the projected period. The reason behind this growth is increasing industrialization of livestock production, as well as rising demand of probiotics in animal feed for companion animal and cattle’s and the increasing demand of the animal based protein products are some of the factors that drives the demand of probiotics in animal feed that further boosts the growth of the market. Furthermore, United States has well established industries that have a strong demand for organic meat, which encourages farmers to improve product quality that favorably boosting the growth of animal feed probiotics market in the coming years.
Asia-Pacific is expected to witness significant growth rate during the forecast period the demand and consumption of the probiotics in animal feed is increasing in this region. The rising awareness among livestock farmers about the benefits of probiotics in animal health is fueling the demand of the animal feed probiotics. The demand of the meat, animal based protein products and dairy products is increasing that drive farmers to improve quality and quantity of the meat which in turn boosts probiotics in animal feed market growth. The production o poultry meat is also high in countries such as China and India, is propelling the market growth of probiotics in animal feed
Europe is also showing steady growth rate over the projected period as European Union has banned use of antibiotics in animal feed therefore there is significant growth opportunities for this market as probiotics enhances the digestively as well as prevent from various types of diseases.
Key Players:
Some of the leading companies operating in the Global Probiotics in Animal Feed Market are:
Recent Developments:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Probiotics in Animal Feed Market , By Livestock
6.1.1 Poultry
6.1.2 Ruminants
6.1.3 Swine
6.1.4 Aquaculture
6.1.5 Pets
6.1.6 Other Livestock
6.1.7 Market Size Estimations & Forecasts (2022-2027)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Probiotics in Animal Feed Market , By Source
6.2.1 Bacteria
6.2.2 Yeast
6.2.3 Fungi
6.2.4 Market Size Estimations & Forecasts (2022-2027)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Probiotics in Animal Feed Market , By Form
6.3.1 Dry
6.3.2 Liquid
6.3.3 Market Size Estimations & Forecasts (2022-2027)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Probiotics in Animal Feed Market , by Region
7.2 North America - Market Analysis (2022-2027)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Livestock
7.2.3 By Source
7.2.4 By Form
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Livestock
7.3.3 By Source
7.3.4 By Form
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Livestock
7.4.3 By Source
7.4.4 By Form
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Livestock
7.5.3 By Source
7.5.4 By Form
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Livestock
7.6.3 By Source
7.6.4 By Form
8. Key Player Analysis
8.1 Koninklijke DSM N.V.
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Du Chr. Hansen
8.3 DuPont
8.4 Evonik Industries
8.5 Land O'Lakes
8.6 Mitsui & Co., Ltd.
8.7 Ohly
8.8 Lesaffre
8.9 Alltech
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
FAQ's
The probiotics in animal feed market size was estimated at USD$ 4.8 billion in 2021 and estimated to reach USD$ 5.2 billion in 2022.
The probiotics in the animal feed market is expected to grow at a compound annual growth rate of 8.8% from 2022 and 2027 to reach USD$ 7.96 billion in 2027.
The continuous research and development; new product launches, collaborations, partnership and strategic alliances and adoption of innovative techniques for promotion and marketing of products.
The major driver includes the growing awareness among farmers for health and well-being of animals, rising demand of the animal based protein products are some of the factors that fuels the growth of the market.
The poultry segment is dominating the market due to rising demand of the poultry meat and eggs and the price of the poultry meat is comparatively lower than other types of livestock meat.
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