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The global probiotics in animal feed market size was valued at USD 3.56 billion in 2018 and projected to reach USD 9.46 billion by the end of 2032, exhibiting a CAGR of 7.24% in the forecast period based on our analysis in the existing report. Asia Pacific dominated the probiotics in animal feed market with a market share of 22.95% in 2018.
The major fueling factor for the global market is a rise in awareness of cattle and pet owners regarding the beneficial effects of probiotics on livestock’s overall performance. The stringent regulatory approach over synthetic feed additives that are known to have detrimental health impacts both on humans as well as animals has brought probiotics to the center stage of the animal feed sector, augmenting the market growth.
The robust growth in the consumption of animal-derived products and its promising future growth trajectory has also brought clean-label requirements on the forefront – cattle owners and producers are now inclined to opt for natural offerings that improve their animal productivity. Such developments are resonating favorably with the sustainable growth of probiotics in the animal feed market.
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"Bacterial Species Remain Commonly Employed Microbes in Animal Feed Probiotics"
The bacterial genus viz. Lactobacillus and Bifidobacterium are widely utilized in the majority of probiotics in animal feed sold globally. Bacterial strains have proved to be sustainable and viable alternatives to antibiotic growth promoters. Nonetheless, the use of yeast and other fungi has gained traction - Saccharomyces cerevisiae, for instance, supports the adequate buildup of protein in the animals, they have also exhibited immunostimulatory activity in farm animals apart from improving the digestive physiology.
The rising use of yeast and fungi in animal feed probiotics is projected to positively impact the probiotics in animal feed market share through the forecast years. Ruminants feed is one of the leading application areas for yeast-based probiotics.
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"Poultry - Leading Application Segment for Probiotics and Swine and Ruminant Segments Are Expected to Witness Stronger Growth in this Market"
The poultry sector remains one of the lucrative application areas for probiotics in the animal feed industry owing to favorable demand dynamics and equally robust production scenarios. Nonetheless, poultry flock are commonly exposed to pathogens such as Salmonella enterica, Escherichia coli, and Campylobacter jejuni owing to improper hygiene and sanitation management.
The growing concerns towards antibiotic resistance have nudge producers to use natural options – the lactic acid bacteria (LAB) remains one of the most utilized strains in the poultry feed, impacting the probiotics in animal feed market size. Swine and ruminant sectors have also witnessed increased utilization of probiotics in animal feed containing strains of Bifidobacterium, Enterococcus, Lactobacillus, Bacillus, Pediococcus, and Streptococcus.
"Asia Pacific is Leading Region in the Probiotics Space, Robust Growth is Anticipated from Markets of Latin America and Africa"
The developing markets such as the Asia Pacific and the Middle East and Africa are majorly propelled by the strong reliance on animal-based food products in the dietary patterns. There has been an ever-growing pressure on the livestock to increase the yield with limited inputs.
The utilization of probiotics in animal feed has not only improved the overall performance of animals but also protects them from enteric pathogens and obnoxious substances. The key companies in probiotics in the animal feed industry are tapping these developing markets by offering sustainable and antibiotic-free animal nutrition products, moreover, poultry remains a versatile, nutritious, affordable, and high-quality source of protein for human consumption in these regions, thus probiotics in animal feed is set for exponential growth in such markets.
Asia Pacific Probiotics in Animal Feed Market, 2018
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The probiotics in the animal feed market in North America and Europe are the two dominating regions. These account for the major share in the consumption of probiotics in animal feed. Ban on antibiotics and technological improvements in the use of animal feed to enhance the performance of livestock animals have supported the market growth.
"Competitive and Consolidated Market Structure Dominated by Key Multinational Firms."
The global market for probiotics in animal feed has a moderately consolidated structure with the strong presence of globally-established players such as Chr. Hansen, Danisco A/S, Koninklijke DSM N.V., Lallemand Inc., and Calpis Co. Ltd. These players are innovating their offerings, strengthening their R&D framework, and approaching the emerging markets, which in turn, is likely to foster the probiotics in animal feed market revenue by 2026 For instance, In April 2019, Chr. Hansen launched GALLIPRO FIT – a triple strain probiotic solution for poultry in South Africa to effectively support the digestive performance and a healthy normal immune system in broilers, layers, and turkeys. Other companies are also planning to adopt new strategies in order to expand their product portfolio in the market.
An Infographic Representation of Probiotics in Animal Feed Market
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the probiotics in animal feed market report analyze the demand and sales of a wide variety of probiotics. Probiotics have been effectively utilized for human consumption owing to their numerous health benefits. The animal feed sector has also embraced probiotics for their high functionality, superior nutritional profiles, and their positive effects on animals gut microflora. Recent advancements in the field of molecular biology have opened up new avenues for the innovative application of probiotics that now extends to companion pets. Spurred by these advancements, the market is anticipated to flourish during the forecast period.
The report provides qualitative and quantitative insights on the probiotics in the animal feed industry and a detailed analysis of market size & growth rate for all possible segments in the market. The market is segmented by microbial genus and application. On the basis of the microbial genus, the market is categorized into Lactobacillus, Bifidobacterium, and Yeast, and other microbes.
The application areas include ruminant, poultry, swine, aquaculture, and others. Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, South America, and Middle East & Africa. The regions are further categorized into countries.
Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights provided in the report are the overview of related markets, recent industry developments such as mergers & acquisitions, the regulatory scenario in key countries, and key industry trends.
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Fortune Business Insights says that the market was valued at USD 3.56 Billion in 2018 and is projected to reach USD 6.24 Billion by 2026.
In 2018, the market was valued at USD 3.56 Billion and Asia Pacific market is dominating the global market.
The probiotics in is projected to grow at a CAGR of 7.30% during the forecast period (2019-2026).
The Lactobacillus is expected to hold the largest share among the by microbial genus segment of this market.
The increased reliance on animal-based food products in the dietary patterns of consumers and growing agricultural industry are some of the key factors driving the market.
Danisco A/S, Lallemand Inc., Calpis Co., Koninklijke DSM N.V., Hansen A/S, and Provita Eurotech Ltd. are the key active players in the probiotics in animal feed market.
Asia Pacific is expected to hold the highest market share the market.
The nutritional offerings and benefits of probiotics to animal feed sectors such as high functionality, superior nutritional profiles, and their positive effects on animal’s gut microflora are the factors that are expected to drive the adoption in the market.
Lactobacillus remain preferred sub-segment for the incorporation of probiotics in animal feed. Poultry sector is one of the lucrative application areas for probiotics in animal feed industry.
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