Covina, March 08, 2023 (GLOBE NEWSWIRE) -- According to Prophecy Market Insights, the Feed Probiotics Market size is projected to surpass around US$ 7.0 Billion by 2032, and it is poised to reach a registered CAGR of 7.9% from 2022 to 2032.
The refers to the market for microbial additives that are added to animal feed in order to enhance the health and performance of livestock. Probiotics are live microorganisms that, when consumed in adequate amounts, provide a range of benefits to the host animal, including improved digestion, nutrient absorption, and immune function.
Analyst View:
Growth in consumption of animal-based products, an increase in focus on animal health to prevent disease outbreaks. Mounting world population and the growing financial status of people in developing countries improve their demand for animal products. Additionally rise in safety concerns associated with the outbreak of application diseases is the major factor driving the target market growth. For instance, according to cdc.gov Experts guesstimate that more than 6 out of every 10 known communicable diseases in people are spread from animals, and 3 from every 4 new infectious diseases in people are spread from animals.
Key Highlights:
- ADM Animal Nutrition has opened a new Animal Nutrition Technology Center in Decatur, Illinois. This facility aims to innovation in Animal Nutrition, offering capabilities to enhance customer collaboration and develop fully-tailored nutrition solutions.
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Key Market Insights from the report:
The market for Feed Probiotics, which had a market value of US$ 3.1 billion in 2022, is anticipated to grow at a moderate CAGR of 7.9% during the forecast period. The market study has been divided into sections based on type, livestock, and geographic region.
- By type global feed probiotics market is classified into lactobacilli, bifidobacteria, and other types.
- By application, global Feed Probiotics market is classified into Ruminants, Poultry, Swine, Aquatic animal, others (equine and pets)
- By region, Asia Pacific is expected to dominate the target market. Owing to the population density and the growing demand for the livestock such factor boosting the growth for the target market. Additionally There development in the production facilities and risk-management in the livestock sector that's the result as an increase in the production of animal feed which has opened a countless of opportunities for the vendors that manufacture animal feed Probiotics.
Scope of the Report:
- Global Feed Probiotics Market, By Type, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Lactobacilli
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Bifidobacteria
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Other
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Feed Probiotics Market, By Application, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Ruminants
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Poultry
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Swine
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Aquatic animal
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others (equine and pets)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
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Regional Analysis:
- North America - U.S., Canada
- Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America - Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Competitive Landscape & their strategies of Feed Probiotics Market:
The feed probiotics market is expected to continue to grow in the coming years, driven by increasing demand for sustainable and antibiotic-free animal agriculture products, as well as growing awareness of the benefits of probiotics for animal health and performance.
- Provita Eurotech Ltd
- Life Products Inc.
- Calpis Co. Ltd
- Chr. Hansen A/S
- Lallemand Inc.
- Danisco A/S
- DSM Nutritional Products Inc.
- Orffa International Holding
- Novus International Inc.
- Kemin Industries Inc.
The competitive landscape of the feed probiotics market is characterized by the presence of a large number of players, ranging from multinational corporations to small, specialized companies. The market is highly fragmented, with a few key players holding significant market share and a large number of smaller players competing for a share of the market.
About Prophecy Market Insights
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
Some Related Topics:
Bioactive Ingredients Market, By Application (Food and Beverages (Probiotics and Prebiotics, Omega 3 Fatty Acids, Vitamins (Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K), Carotenoids and Antioxidants, Plant Extracts, Minerals, and Amino Acids, Proteins and Peptides), Dietary Supplements (Probiotics and Prebiotics, Omega 3 Fatty Acids, Vitamins (Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K), Carotenoids and Antioxidants, Plant Extracts, Minerals, and Amino Acids, Proteins and Peptides), Animal Nutrition, Personal and Beauty Care, and Pharmaceuticals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030
Eubiotics Market, By Product (Probiotics, Prebiotics, Organic Acids, and Essential Oils), By Dosage Form (Dry and Liquid), By Application (Gut Health, Immunity, Yield, and Others (Productivity and Nutrition)), By Livestock (Poultry, Swine, Aquatic, and Ruminants), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast Till 2030
Feed Additives Market, By Type (Amino acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin detoxifiers, Flavors & sweeteners, Antibiotics, Minerals, Antioxidants, Non-protein nitrogen, Phytogenics, Preservatives, and Probiotics), By Livestock (Ruminants, Poultry, Swine, Aquatic animal, others (equine and pets)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030
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