Probiotics in Animal Feed Market Regional Outlook, Future Plans and Forecast to 2030

Probiotics in Animal Feed Market Overview

The probiotics in animal feed market has witnessed significant growth and is expected to continue expanding. In 2023, the market size was valued at USD 5.65 billion, and it is forecasted to grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2030, reaching approximately USD 10.21 billion. Probiotics, which are live microbial feed additives, play a crucial role in enhancing animal health by maintaining intestinal balance and improving overall digestion. They are increasingly used in animal feed to promote growth, boost immunity, and prevent diseases in various livestock, including poultry, swine, ruminants, and aquaculture.

Market Scope & Trends

The increasing demand for animal protein and the growing awareness about the benefits of probiotics are driving the market. The market is segmented by source (bacteria, yeast, and fungi), livestock (ruminants, poultry, swine, aquaculture, pets), and form (dry and liquid). Probiotics derived from bacteria, such as Lactobacillus, Streptococcus thermophilus, and Bifidobacterium, are particularly favored for their positive impact on intestinal health, immunity, and production efficiency. Dry probiotics are more popular due to their longer shelf life and ease of transport, especially in poultry and swine feed.

Key Drivers

• Demand for Compound Feeds: The increasing demand for meat and protein-rich diets is a significant driver, particularly in regions like Asia Pacific, North America, and Europe. According to the Food and Agriculture Organization (FAO), the demand for animal protein is expected to increase by 1.7% annually, propelling the need for animal feed additives such as probiotics.
• Technological Advancements: The feed industry is embracing new technologies and innovative probiotic strains that enhance feed quality and animal health. As the demand for sustainable and high-quality feed additives grows, innovations in probiotic formulations have contributed to market expansion.

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Segmentation Analysis

• By Livestock: The poultry segment is expected to dominate the market due to rising meat consumption and the ban on antibiotics as growth promoters in many regions, such as the US. This shift has made probiotics an essential alternative for poultry farmers. Swine and ruminants also represent significant segments, with increasing adoption of probiotics for improving feed conversion and overall animal health.
• By Source: The bacteria segment is anticipated to grow rapidly, driven by strains like Lactobacillus and Bifidobacterium, known for their beneficial effects on gut health and immune function.
• By Form: The dry form of probiotics is projected to maintain a strong growth trajectory due to its longer shelf life and ease of storage and transportation compared to liquid probiotics.

Regional Insights

• Asia Pacific: This region is expected to hold the largest market share, primarily driven by high demand for poultry and aquaculture feed in countries like China and India. The region’s growing population and increasing meat consumption further bolster market growth.
• North America: The US is a key player in the probiotics in animal feed market, benefiting from a strong demand for high-quality animal feed and natural probiotic supplements. The region’s increasing focus on healthy, sustainable food sources will continue to drive demand.
• Europe: Europe is expected to be the fastest-growing market, with strict regulatory standards on animal feed quality and rising awareness of probiotics’ health benefits. Innovations and stringent regulations on antibiotic use are significant contributors to market expansion.

COVID-19 Impact

The COVID-19 pandemic posed challenges for supply chains, particularly in the distribution of probiotics in animal feed. However, as economies reopen and demand rebounds, the market is expected to recover swiftly. Innovations in dry probiotic formulations have helped mitigate some of the pandemic’s adverse effects on the market.

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Key Players

The probiotics in animal feed market is highly competitive, with several major players leading the industry, including:

• Du Chr. Hansen (Denmark)
• Koninklijke DSM N.V. (Netherlands)
• DuPont (US)
• Evonik Industries (Germany)
• Land O’Lakes (US)
• Mitsui & Co., Ltd. (Japan)
• Ohly (Denmark)
• Lesaffre (France)
• Alltech (US)
• Novozymes (Denmark)
• Calpis Co., Ltd. (Japan)
• Unique Biotech (India)
• Pure Cultures (US)

These companies are focusing on innovation, with significant investments in research and development to introduce new probiotic strains and formulations.

Key Questions Answered

1. What are the major drivers propelling the growth of the probiotics in animal feed market?
2. Which livestock segments are expected to lead the market during the forecast period?
3. What technological advancements are shaping the market’s future?
4. How will regulatory changes impact the probiotics in animal feed industry?
5. What are the key opportunities for market players in different regions?

Conclusion

The probiotics in animal feed market is poised for substantial growth over the next decade, driven by the increasing demand for high-quality animal feed, advancements in probiotic technology, and the shift towards antibiotic-free feed additives. With significant opportunities in Asia Pacific and North America, industry players are focused on expanding their offerings and enhancing product formulations to meet the rising demand for healthier livestock nutrition.

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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