The animal feed probiotics market value is expected to total US$ 3,113.3 Mn in 2021, according to Future Market Insights (FMI). The overall animal feed probiotics market value is expected to reach US$ 6,997.2 Mn by 2031, growing at a CAGR of 8.4% for 2021-31.
Rising demand for quality feed to improve cattle and poultry yield will remain a chief growth driver. As per FMI, demand for animal feed probiotics will surge at a high pace in the livestock segment, in terms of animal type.
Ask for the Brochure: https://www.futuremarketinsights.com/reports/sample/rep-gb-13847
Key Points Covered in Animal Feed Probiotics Market Study
- Animal Feed Probiotics Market estimates and forecast 2015-2031
- Key drivers and restraints impacting Animal Feed Probiotics Market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Animal Feed Probiotics Market and How to Navigate
- Recommendation on Key Winning Strategies
Animal Feed Probiotics Market Outlook 2016-2020 in Comparison to 2021-2031 Growth Forecast
Animal feed probiotics are considered advantageous to livestock and are often utilized to improve feed quality in order to boost livestock productivity and overall health. The animal feed probiotics market grew at a CAGR of 5.2% between 2016 and 2020. Forecasts for growth remain optimistic, with the animal feed probiotics market predicted to expand at a CAGR of 8.4% between 2021 and 2031.
The increasing consumption of animal protein has put pressure on livestock farmers to maintain enough nutritional supplements in feeds, which has resulted in a strong demand for animal feed probiotics. Regulatory scrutiny on food derived from animal source, including meat, chicken, eggs, and beef and aversion to antibiotic-fed farm animals will fuel the demand for animal feed probiotics in the coming years.
Given the rapid growth in animal product consumption over the last two decades, and the likelihood of further growth, particularly in emerging markets, there is increasing pressure on the livestock sector to produce more with limited resources. Thus, maintaining and improving animal performance, as well as preventing and controlling enteric infections, are two of the most significant goals for employing probiotics in animal feed.
Market Research Methodology – Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Know Report Methodology
Is Wide Acceptance of Animal Feed Probiotic as an Alternative to Antibiotic Growth Promoters (AGP) Driving Growth?
Antibiotics have been used traditionally around the globe in sub-therapeutic levels to counter microbial infections in animals, subsequently improving their performance. However, due to health concerns among humans as well as animals and the increase in antimicrobial resistance, use of these AGPs is either banned or restricted in several nations.
This is ascertaining shift from antibiotics to animal feed probiotics. Probiotic supplementation has proven to be the most widely accepted alternatives to AGPs. They offer various health benefits and improve animal gut health by enhancing the properties of gut microflora. Probiotics are non-pathogenic microorganisms when consumed in specific amounts can offer health benefits to the animal.
How is Growth in Consumption of Quality Animal-based Products Impacting the Demand for Animal Feed Probiotics?
Several changes in dietary preferences and consumption patterns of people around the world have been documented, including a move toward increasing intake of meat and dairy products.
The rising demand for various animal products such as dairy, meat products, and other non-food goods has resulted in an increase in the use of feed additives, boosting the animal feed probiotics market.
Food demand has increased across the world as a result of the fast population growth. To meet the expanding global demand for high-value animal products, the livestock sector is under enormous strain. Consumers are growing more health-conscious, placing a greater emphasis on nutrient-dense diets, which are delivered through enhanced feed products provided to animals.
Furthermore, livestock products such as meat, milk, and eggs are high in micronutrients like iron, zinc, and vitamins. Feed probiotics aid in the maintenance of microbial flora in animals’ digestive tracts and improve disease resistance in animals by boosting their immune systems.
Irritable bowel syndrome, viral diarrhoea, inflammatory bowel disease, and antibiotic-related diarrhoea can all be helped by probiotics in animal feed. This allows animals to get the most nutrition from their feed, improving the quality of animal products.
Will Continuous Product Innovation Reduce the Cost of Production of Animal Feed Probiotics in Long Run?
Some of the leading animal Feed Probiotics market players such as DuPont, Alltech and others have stepped up their efforts with different and unique products such as non-bacteria animal feed probiotics. Through the launch of these products and robust marketing strategies they are intent on catering to the increasing demand
Improved source to manufacture quality feed probiotics, innovation in processes and advanced transportation facility to reach international customers are different factors aiding cost reduction. Hence the price of animal feed probiotics is expected to reduce further in the global animal Feed Probiotics market.
What is the Impact of COVID-19 on the Animal Feed Probiotics Market?
Animal feed probiotics labelling may be subjected to enhanced scrutiny following the COVID-19 pandemic. More information on the potential role of food in the transmission of the virus through local and international trade is being sought by national food safety authorities and the International Food Safety Authorities Network (INFOSAN) Secretariat.
Meanwhile, the World Health Organization has recommended certain standards to maintain food hygiene and food safety practices to prevent transmission of COVID-19 through food.
Clean label legal animal feed probiotics products will be in high demand as a result of these trends. The recovery of the global economy would eventually lead to an increase in per capita income and the adoption of healthier animal lives, which will boost the animal Feed Probiotics market in the forecast period.
Animal Feed Probiotics Market – Country-wise Insights
What is Growth Opportunity of Probiotics in Animal Feed Market in US?
Growing awareness about the benefits of probiotics for animal health is creating a big opportunity for probiotics manufacturers. The U.S. animal feed probiotics market is projected to register a CAGR of 4.7%, during the forecast period.
Increasing industrialised livestock production, as well as rising demand for animal-based protein sources for companion animals and cattle, are contributing to the expansion of the market. Furthermore, the U.S. is a well-established industry with a strong demand for organic meat, which has driven farmers to improve product quality, favourably impacting the animal feed probiotic market.
How is Increasing Demand for High Value Animal Protein Driving Animal Feed Probiotics Sales in Philippines?
According to the study, the animal feed probiotics market of Philippines is estimated to be valued at US$ 160.6 Mn in the year 2021.
Philippines has a reputation for being one of Asia’s leading exporters of aquaculture yields. As a result of the rising desire for more dietary variety and protein intake, demand for higher value and quality foods, such as meat, eggs, and milk, is increasing in comparison to plant-based foods, such as cereals.
These shifts in consumption, combined with significant population growth, have resulted in significant increases in the country’s total demand for animal products. This tendency is projected to continue in the following years as well.
Thus, increase in demand for various animal products, such as milk, dairy products, meat products, eggs, and other non-food items, has led to the growth in the usage of animal feed probiotics, thereby, boosting the market.
Are there Potential Opportunities for New Product Categories in India?
According to FMI, the animal feed probiotics market of India is estimated to be valued at US$ 208.5 Mn in the year 2021.
The true potential of manufacturers lies in targeting emerging economies such that are fast becoming opportunity hotbeds for various global markets. India offers greater potential for manufacturers to address the dietary shifts of cattle and poultry farm owners towards high-value products while catering to local needs and tastes.
With a dramatic increase in the number of pet owners, spending on quality meat products is on the rise. This is creating growth opportunities for manufacturers across the India animal feed probiotics value chain, and geographical expansion is no longer a secondary growth strategy.
Is Increased Demand for Poultry Products in China Crucial for Probiotics in Animal Feed Sales?
According to FMI’s analysis, the China market is forecast to grow at a CAGR of 2.6%. Major revenue-generating countries support the Asia Pacific region, with China at the top of the list. Due to the adaptation of an urbanized lifestyle, China has a big population base, as well as an increase in the number of middle-class people who are opting for food products with health benefits. As a result, China’s demand for poultry products has surged, propelling the growth of feed probiotics in the country.
What is the Growth Prospect of Animal Feed Probiotics in Germany and UK?
In the Europe, Germany and the U.K. together will hold a dominant market share of more than 20% in 2021. Pet owners in Germany and UK are becoming cautious about their pets’ health. Pet owners want to feed their pets high-quality nutritional supplements for healthy development. The demand for pet probiotics is rising rapidly across the globe due to which key players are focusing on acquisitions to expand their product portfolio, geographical presence, and to strengthen distribution.
Animal Feed Probiotics Market – Category-wise Insights
Which Source Will Register Higher Demand?
Animal feed probiotics sourced from bacteria are estimated to account for more than 78% of market share in 2021, which is expected to witness growth rate of CAGR 3.5% over the forecast period to reach a value of US$ 1,314.5 Mn in 2031.
Why Livestock Holds the Maximum Share Amongst the Animal Type?
Amongst animal, livestock hold a dominant market share of 58.8% in 2021. Whether its livestock or companion animals, animal owners are becoming increasingly conscious of the need of adequate nutrition.
Livestock owners are more concerned about the health of their animals and prefer to provide adequate nourishment and supplements to keep them healthy. This changing perspective among cattle farmers is expanding the market for animal feed probiotics and is expected to drive higher sales.
Which Form Will Register Higher Demand?
Liquid animal feed probiotics sourced is estimated to account for more than 56% of market share in 2021, which is expected to witness growth rate of CAGR 6.4% over the forecast period to reach a value of US$ 3,254.1 Mn in 2031.
How is Growing Sales through Online Retailers Driving the Probiotics in Animal Feed Market?
According to FMI’s analysis, online retailers segment is forecast to grow at a CAGR of 15.3%. Another element driving the growth of animal feed probiotics market is the rise of e-commerce. The rising market for animal feed probiotics now has another sales channel thanks to electronic media. On the same platform, it gives users access to a large selection of products.
A product can be simply distributed to customers with the help of e-commerce. Manufacturers of Animal Feed Probiotics should keep this in mind as they extend their global business through e-commerce.
Manufacturers also have all customer-related information about the business, marketing efforts, content details, traffic details, and order details thanks to the presence of online merchants. All of this will assist manufacturers in creating better content, products, and, more importantly, a better consumer experience.
Animal Feed Probiotics Market – Competitive Landscape
When animals are given antibiotics, they develop health problems such as excessive gas, skin irritation, loose stools, and different infections of the ears and skin. Many companies are now offering distinct supplements to meet the needs of different animals.
Animals require varying amounts of bacterial and nonbacterial probiotics in their animal feed depending on their species. Leading market players are now focusing on certain animal species, such as cattle, dogs, or horses, and introducing products appropriately, resulting in increased customer interest.
Get all details by TOC of this report: https://www.futuremarketinsights.com/reports/animal-feed-probiotics-market/table-of-content
Animal Feed Probiotics Market – Key Developments
- In July 2021- Alltech addressed one of the hot topics at the recent virtual “Alltech ONE ideas conference” where how to feed livestock in the future by several speakers, who discussed how to take into account the carbon footprint, sustainable feed sources and human and animal health, while producing enough food in the future.
- In May 2021- Alltech introduced a new line of Lifeforce™ premium equine supplements to the market, backed by more than 40 years of scientific research and formulated with field-proven technologies.
- In July 2021- DuPont (Animal Nutrition) launched expansion of the industry-leading novel phytase enzyme, Axtra® PHY GOLD in Malaysia, Thailand and Australia. While Axtra® PHY GOLD was first launched in India in 2020 and will eventually be available across all markets in Asia Pacific, pending regulatory authorizations.
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com