Animal Feed Probiotics Market Size, Share, Trends and Forecast 2030, by Types (Lactic Acid Bacteria, Bacillus spp, Yeast, Other Microorganisms) by Applications (Poultry, Swine, Ruminants, Aquaculture, Pets)

Report ID :
2739

Publisher ID :
theinsightbridge

Published :
2023-06-07

Pages :
185

Purchase Option
$4500

Animal Feed Probiotics Market Introduction

Animal feed probiotics are live microorganisms that are added to animal feed to improve animal health and performance. These probiotics help to improve gut health and nutrient absorption, increase resistance to disease, and enhance animal growth and productivity. Animal feed probiotics are available in various forms, including powders, liquids, and capsules, and are widely used in the livestock and aquaculture industries.The demand for animal feed probiotics is driven by the increasing awareness of the benefits of probiotics in animal feed, such as improved animal health and productivity, as well as the growing demand for animal-based products. Probiotics are also seen as a natural and sustainable alternative to antibiotics, which are being phased out in many countries due to concerns over antibiotic resistance.The market for animal feed probiotics is also driven by the increasing adoption of precision livestock farming practices, which use data and technology to optimize animal health and performance. Precision livestock farming can help to identify health problems early, enabling timely intervention with probiotics or other treatments.Overall, the animal feed probiotics market is expected to continue to grow in the coming years, driven by the increasing demand for natural and sustainable animal feed additives, as well as the adoption of precision livestock farming practices.

Animal Feed Probiotics Market Size

The global animal feed probiotics market size was valued at USD 4.2 billion in 2020 and is expected to reach USD 7.1 billion by 2028, growing at a CAGR of 6.7% during the forecast period from 2021 to 2028. The increasing adoption of natural and sustainable feed additives, the growing demand for animal-based products, and the rising awareness of the benefits of probiotics in animal feed are driving the growth of the animal feed probiotics market.The livestock segment dominates the animal feed probiotics market, accounting for the largest share in terms of revenue. Within the livestock segment, poultry is the largest market for animal feed probiotics, followed by swine and ruminants. The aquaculture segment is also expected to witness significant growth during the forecast period, driven by the increasing demand for seafood and the adoption of sustainable aquaculture practices.Geographically, the Asia Pacific region is the largest market for animal feed probiotics, accounting for a significant share of the global market. The region is home to a large livestock and aquaculture industry and has a growing demand for natural and sustainable feed additives. North America and Europe are also significant markets for animal feed probiotics, driven by the increasing demand for animal-based products and the adoption of sustainable agriculture practices.

Animal Feed Probiotics Market Share

The animal feed probiotics market is highly fragmented, with several companies operating in the market. Some of the key players in the market include Chr. Hansen Holding A/S, Lallemand Inc., Koninklijke DSM N.V., Novozymes A/S, Evonik Industries AG, Lesaffre Group, Adisseo France SAS, Cargill, Inc., Alltech, Inc., and Archer Daniels Midland Company.In terms of market share, Chr. Hansen Holding A/S is one of the leading players in the animal feed probiotics market, with a significant share of the global market. The company offers a wide range of probiotic products for various animal species, including poultry, swine, and ruminants, as well as aquaculture.Lallemand Inc. is another prominent player in the animal feed probiotics market, offering a range of probiotics for livestock, poultry, and aquaculture. The company has a strong presence in the North American and European markets.Koninklijke DSM N.V. is a global leader in animal nutrition and offers a range of probiotics under its brand name, Delvo®. The company has a strong presence in the Asia Pacific region and is expanding its operations in other regions.Other key players in the market include Novozymes A/S, Evonik Industries AG, Lesaffre Group, Adisseo France SAS, Cargill, Inc., Alltech, Inc., and Archer Daniels Midland Company. These companies are also expected to play a significant role in shaping the growth and development of the animal feed probiotics market in the coming years.

Animal Feed Probiotics Market Trends

The animal feed probiotics market is experiencing several trends that are shaping its growth and development. Some of the key trends in the market include:

  1. Growing demand for animal protein: The rising demand for animal protein is driving the growth of the animal feed probiotics market. As consumers around the world increasingly seek animal-based protein sources, the demand for animal feed probiotics is also increasing.
  2. Increasing focus on animal health: There is a growing awareness among consumers about the importance of animal health and welfare. This is driving the demand for animal feed probiotics as they help improve the gut health of animals and enhance their overall health and well-being.
  3. Technological advancements in probiotics: The development of new technologies for producing and delivering probiotics is driving the growth of the animal feed probiotics market. For instance, encapsulation technology is being increasingly used for the delivery of probiotics in animal feed, as it improves the stability and efficacy of the probiotics.
  4. Growing adoption of natural feed additives: There is a growing trend towards the use of natural feed additives in animal feed, as consumers demand more sustainable and eco-friendly products. Probiotics are considered a natural and eco-friendly alternative to traditional feed additives, and their adoption is expected to continue to grow.
  5. Increasing demand for specific probiotic strains: There is a growing demand for specific probiotic strains that can target specific health concerns in animals. For instance, probiotics that can help prevent diarrhea in piglets or improve the immune system of poultry are in high demand.

Overall, these trends are expected to continue to shape the growth and development of the animal feed probiotics market in the coming years.

Animal Feed Probiotics Market Driving Factors

The animal feed probiotics market is driven by several factors, including:

  1. Increased demand for animal protein: The growing demand for animal protein is driving the need for more efficient and sustainable ways of producing it. Animal feed probiotics are considered an effective tool to improve the growth and performance of livestock animals, which can help meet the increasing demand for animal protein.
  2. Rising awareness about animal health: Consumers are increasingly concerned about the health and welfare of the animals used for food production. This is driving the demand for animal feed probiotics, which are believed to improve the gut health of animals and enhance their overall health and well-being.
  3. Government support for animal welfare: Governments around the world are increasingly focused on promoting animal welfare and reducing the use of antibiotics in animal feed. This is driving the adoption of natural feed additives, such as animal feed probiotics, which are considered a safer and more sustainable alternative to antibiotics.
  4. Technological advancements in probiotics: The development of new technologies for producing and delivering probiotics is driving the growth of the animal feed probiotics market. For instance, encapsulation technology is being increasingly used for the delivery of probiotics in animal feed, as it improves the stability and efficacy of the probiotics.
  5. Growing demand for specific probiotic strains: There is a growing demand for specific probiotic strains that can target specific health concerns in animals. For instance, probiotics that can help prevent diarrhea in piglets or improve the immune system of poultry are in high demand.

Overall, these factors are expected to continue driving the growth of the animal feed probiotics market in the coming years.

Animal Feed Probiotics Market Regional Analysis

The animal feed probiotics market can be segmented into several regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.North America and Europe are currently the largest markets for animal feed probiotics, driven by the strong demand for natural and sustainable animal feed additives. These regions have strict regulations on the use of antibiotics in animal feed, which is driving the adoption of natural alternatives, such as probiotics. Moreover, there is a growing trend towards organic and natural animal products, which is further driving the demand for animal feed probiotics.Asia-Pacific is expected to be the fastest-growing market for animal feed probiotics, driven by the increasing demand for animal protein in countries such as China, India, and Indonesia. The region has a large population and a growing middle class, which is driving the demand for high-quality animal products. Moreover, there is a growing awareness about the benefits of probiotics in animal feed, which is further driving the adoption of animal feed probiotics in the region.Latin America and the Middle East and Africa are also expected to see significant growth in the animal feed probiotics market, driven by the increasing demand for animal protein and the growing awareness about animal welfare and sustainable production practices.Overall, the animal feed probiotics market is expected to see strong growth across all regions in the coming years, driven by the increasing demand for natural and sustainable animal feed additives.

Animal Feed Probiotics Market Forecasts 2030 

The global animal feed probiotics market is expected to continue growing in the coming years, with a projected CAGR of around 7% from 2021 to 2030. The market size is expected to reach around USD 7 billion by 2030.The Asia-Pacific region is expected to be the fastest-growing market for animal feed probiotics, driven by the increasing demand for animal protein in countries such as China, India, and Indonesia. Moreover, there is a growing awareness about the benefits of probiotics in animal feed, which is further driving the adoption of animal feed probiotics in the region.North America and Europe are also expected to see steady growth in the animal feed probiotics market, driven by the strong demand for natural and sustainable animal feed additives. Moreover, the strict regulations on the use of antibiotics in animal feed are driving the adoption of natural alternatives, such as probiotics.Latin America and the Middle East and Africa are also expected to see significant growth in the animal feed probiotics market, driven by the increasing demand for animal protein and the growing awareness about animal welfare and sustainable production practices.Overall, the increasing demand for natural and sustainable animal feed additives, the growing awareness about the benefits of probiotics in animal feed, and the increasing demand for animal protein are expected to drive the growth of the global animal feed probiotics market in the coming years.

Animal Feed Probiotics Market Key Industry Players

Some of the key industry players in the animal feed probiotics market include:

  1. Chr. Hansen Holding A/S
  2. Koninklijke DSM N.V.
  3. Dupont de Nemours, Inc.
  4. Kemin Industries, Inc.
  5. Evonik Industries AG
  6. Lallemand, Inc.
  7. Novozymes A/S
  8. Bluestar Adisseo Co., Ltd.
  9. Bio-Vet, Inc.
  10. Archer Daniels Midland Company

These companies are focusing on product development and innovation to cater to the increasing demand for natural and sustainable animal feed additives. They are also expanding their geographical presence through strategic partnerships, collaborations, and acquisitions. Additionally, some companies are focusing on developing probiotics for specific animal species, such as poultry, swine, and dairy cattle, to cater to the specific needs of their customers.

n/a

n/a

n/a

Our Clients