Global Probiotics in Animal Feed Market Worth US$ 6.24 Billion at CAGR Forecast by 2026

The Global Probiotics in Animal Feed Market is likely to witness considerable growth due to the increasing benefits of probiotics on the overall performance of livestock. According to a report published by Fortune Business Insights, titled “Probiotics in Animal Feed: Global Market Analysis, Insights and Forecast, 2019-2026,” the market was valued at US$ 3.56 Bn in 2018. Fortune Business Insights has predicted that the market will reach US$ 6.24 Bn by 2026, thereby exhibiting a CAGR of 7.30%.

The growing awareness regarding the health of cattle and pets amongst their owners has created a huge potential for the growth of probiotics in the animal feed market. Furthermore, stringent regulatory approach towards synthetic growth promoters and feed products has provided strong boost to the probiotics – they are emerging as a viable alternative to the synthetic feed additive inputs. The adverse effects caused by antibiotics are also addressed by probiotics.

The increasing animal-based product consumption has led to the need for clean-labelled products, which in turn will favor growth of the global probiotics in animal feed market in the coming years.

Bacterial Species Remain the Most Commonly Used Type

Bacterial genus such as Lactobacillus and Bifidobacterium are predominantly used in probiotics in animal feed, sold globally. Fortune Business Insights states that the lactobacillus segment accounted for 49.47% of the global market share. The properties of bacterial strains such as sustainability have created a rising uptake among end users globally. Bacterial strains also act as sustainable alternatives to the antibiotic growth multipliers.

Additionally, the use of fungi such as yeast has increased significantly in recent years due to their exceptional properties. Saccharomyces cerevisiae is one such product that aids the production efficiency and maintainance of livestock animal health.

Furthermore, the ability to exhibit immunostimulatory activity in farm animals has added to the demand of the probiotic-based product across the globe. Bacterial strains possess the property to enhance the digestive process. Altogether, bacterial genus will witness high demand in the coming years, which in turn will aid the growth of the global probiotics in animal feed market.

Poultry Farming to Emerge As the Leading Application Type

Probiotics continue to find increasing applications in poultry farming. Subsequently, the advancements in poultry farming and their worldwide demand has created a huge platform for growth of the global probiotics market. As poultry farming are exposed to pathogens, probiotics are widely used due to their exceptional properties.

The increasing awareness regarding antibiotic resistance has influenced producers to use natural options in poultry farming. Besides poultry farming, the swine and ruminant segment will witness high demand in the coming years. The report provides segmentation of the market based on applications, microbial genus, and regional demographics.

Fortune Business Insights has profiled some of the leading companies that are operating in the global probiotics in animal feed market. Fortune Business Insights highlights some of the attractive business strategies adopted by leading companies and gauges the impact of these companies on the global market.

Some of the leading companies operating in the market are Chr. Hansen A/S, Danisco A/S, Koninklijke DSM N.V., Lallemand Inc., Calpis Co, Provita Eurotech Ltd, Orffa International Holding B.V., BIOMIN Holding GmbH, Novus International Inc., and Evonik Industries.

Browse Complete Report Details:

https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018

The global probiotics in animal feed market is segmented based on: