Global Probiotics in Animal Feed Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Ruminants, and Poultry.

By Form;

Dry, and Liquid.

By Source;

Bacteria, and Yeast.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn942002096 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Probiotics in Animal Feed Market (USD Million), 2020 - 2030

In the year 2023, the Global Probiotics in Animal Feed Market was valued at USD 5,246.99 million. The size of this market is expected to increase to USD 8,963.32 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 8.0%.

Governments and regulatory authorities are increasingly acknowledging the significance of probiotics in animal nutrition. The establishment of guidelines and regulations authorizing the utilization of probiotics in animal feed has facilitated market expansion. For example,the Food and Drug Administration (FDA) takes its responsibility for regulating animal food seriously, and it does so by working closely with its State and local partners. This collaboration is achieved through various mechanisms, such as cooperative agreements, contracts, grants, memoranda of understanding, and partnerships. One of the primary partnerships that the FDA has established is with the Association of American Feed Control Officials (AAFCO) and the states.

With increasing concerns regarding antibiotic resistance and a growing emphasis on sustainable farming methods, probiotics have emerged as a promising substitute for conventional antibiotics. Probiotics play a role in preventing diseases and have the potential to decrease the dependence on antibiotics in animal type. The worldwide demand for animal protein, encompassing meat, milk, and eggs, is steadily increasing. Probiotics play a crucial role in optimizing productivity and upholding the quality of animal-derived goods, fulfilling the rising demand driven by an expanding global population.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Form
    3. Market Snapshot, By Source
    4. Market Snapshot, By Region
  4. Global Probiotics in Animal Feed Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increased Demand for Natural Growth Promoters
        2. Focus on Animal Health and Welfare
        3. Regulatory Support
        4. Technological Advancements
      2. Restraints
        1. High Cost of Production
        2. Lack of Awareness and Education
        3. Regulatory Challenges
        4. Quality Control and Stability Issues
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Development of Customized Probiotic Solutions
        3. Expansion of Application Areas
        4. Research and Development
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Probiotics in Animal Feed Market, By Type, 2022 - 2032 (USD Million)
      1. Ruminants
      2. Poultry
    2. Global Probiotics in Animal Feed Market, By Form, 2022 - 2032 (USD Million)
      1. Dry
      2. Liquid
    3. Global Probiotics in Animal Feed Market, By Source, 2022 - 2032 (USD Million)
      1. Bacteria
      2. Yeast
    4. Global Probiotics in Animal Feed Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Alltech Inc.
      2. Land O'Lakes, Inc.
      3. Chr. Hansen A/S
      4. Evonik Industries AG
      5. Kerry Group plc
      6. DSM
      7. Provita Animal Health
      8. Mitsui & Co. (U.S.A.), Inc.
      9. Novus International, Inc.
      10. Lallemand Inc.
  7. Analyst Views
  8. Future Outlook of the Market

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