Probiotics in Animal Feed Market to Grow with a CAGR of 7.09% through 2028
According to TechSci Research report, “Probiotics
in Animal Feed Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Probiotics in Animal Feed
Market stood at USD 3.90 billion in 2022 and is anticipated to grow with a CAGR
of 7.09% in the forecast period, 2024-2028. The awareness among individuals
regarding Probiotics in Animal Feed has led to favorable market conditions for
the global Probiotics in Animal Feed market. Several factors contribute to the
growth of various Probiotics in Animal Feed products.
The global probiotics in animal feed market is the
rising demand for animal protein products such as meat, milk, and eggs. As the
global population continues to grow and consumer preferences shift toward
higher protein diets, the livestock and poultry industries are under pressure
to increase production. Probiotics can improve the efficiency of animal
digestion and nutrient absorption, leading to enhanced growth rates and
production yields. This increased demand for animal protein has led to a
corresponding surge in the use of probiotics to optimize animal health and
productivity.
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There is a growing emphasis on animal health and
welfare, driven by both regulatory requirements and consumer preferences.
Probiotics play a crucial role in promoting animal well-being by supporting a
balanced gut microbiome. A healthy gut microbiome can reduce the need for
antibiotics and other pharmaceuticals, which is becoming increasingly important
due to concerns about antibiotic resistance. Additionally, consumers are
becoming more conscious of the conditions in which animals are raised, which
has created a market for products that improve animal health without relying on
antibiotics, which will further fuel market growth.
In October 2023, IFF announces that it has been
awarded the 2023 Supplier Sustainability Leadership Award by CDP, a non-profit
organization that rates companies on their environmental impact.
Several countries and regions have implemented
regulations to restrict the use of antibiotics in animal feed due to concerns
about antimicrobial resistance and human health. This regulatory shift has
prompted livestock producers to seek alternative solutions for maintaining
animal health and growth. Probiotics have emerged as a viable and eco-friendly
alternative to antibiotics, and their use has gained support from regulatory
bodies. In some cases, governments offer incentives for adopting probiotics in
animal farming, further driving market growth.
In today's fast-paced world, Probiotics, when
incorporated into animal feed, promote a balanced and healthy gut microbiome.
This optimization of the digestive system enhances nutrient absorption and
utilization, leading to improved feed efficiency. In a world where efficient
resource utilization is critical, probiotics help maximize the nutritional
value of feed, contributing to faster growth rates and increased production
yields. With concerns about antibiotic resistance and the need for responsible
antibiotic use, probiotics offer a natural alternative to antibiotics in animal
farming. Probiotics support animal health by promoting a balanced immune system
and preventing the overgrowth of harmful bacteria in the digestive tract. This
reduction in antibiotic use aligns with global efforts to address antimicrobial
resistance, ensuring the sustainability of animal agriculture. The fast-paced
nature of modern animal farming often involves high-density production systems
and rapid growth schedules. Probiotics contribute to animal health and welfare
by reducing the occurrence of digestive disorders, mitigating stress, and
supporting overall well-being. Healthy animals are more resilient to
environmental challenges, diseases, and the stresses associated with intensive
farming practices. In a world where consumers are increasingly concerned about
the origin and quality of their food, probiotics offer a solution that
resonates with the demand for natural and sustainable agricultural practices.
The use of probiotics aligns with consumer preferences for products derived
from animals raised without excessive use of antibiotics, promoting a positive
image for the livestock and poultry industries.
The growing awareness of the benefits of probiotics in
animal feed has been steadily increasing among both industry stakeholders and
consumers. Probiotics help to maintain a balanced gut microbiome, which can
improve nutrient utilization, reduce digestive disorders, and enhance immune
function in animals. This awareness has led to greater adoption of probiotics
in animal farming and a willingness to invest in probiotic-based feed
supplements. As more research demonstrates the positive impact of probiotics on
animal health and productivity, this driver is expected to gain even more
momentum.
In recent times, Probiotics serve as effective
alternatives to antibiotics in animal farming, responding to the global concern
about antibiotic resistance. In recent times, there has been a heightened focus
on reducing the use of antibiotics in livestock production due to the potential
risks associated with antibiotic resistance. Probiotics offer a natural and
sustainable solution for supporting animal health, reducing the need for
antibiotics, and aligning with the trend towards responsible and holistic animal
care. The fast-paced nature of modern animal farming requires efficient and
streamlined production processes. Probiotics contribute to digestive health by
fostering a balanced microbiome in the gastrointestinal tract. This
optimization enhances nutrient absorption and feed efficiency, allowing animals
to convert feed into growth more effectively. This is particularly crucial in
fast-growing production systems where maximizing output is essential. However,
the Regulatory Hurdles and Standards may hinder market growth. Moreover,
challenges related to Product Stability and Viability and Cost Considerations
may pose obstacles to the Probiotics in Animal Feed market in the near future.
The Global Probiotics in Animal Feed Market is
segmented into livestock, source, form, distribution channel, regional
distribution, and company.
Based on its source, the bacterial segment has emerged
as the predominant market leader, The bacterial segment has benefited from
extensive research and development, leading to a better understanding of the
specific strains of bacteria that are most beneficial for animal health and
productivity. Bacterial probiotics have been shown to be effective in improving
gut health, nutrient absorption, immune system function, and reducing the risk
of antibiotic-resistant bacteria in animals. Bacterial probiotics are more
widely available and generally less expensive than yeast and fungi probiotics,
making them a more attractive option for animal producers. The regulatory
environment for bacterial probiotics in animal feed is generally favorable,
with most countries allowing the use of bacterial probiotics without additional
restrictions. Consumers are increasingly demanding organic and natural
probiotics for their animals, and bacterial probiotics are a natural source of
beneficial microorganisms. This trend is further driving the demand for
bacterial probiotics in animal feed. The bacterial segment is expected to
maintain its dominance in the Global Probiotics in Animal Feed Market in the
near future due to the continued research and development in this area, the proven
effectiveness of bacterial probiotics, and the favorable regulatory
environment. These factors are expected to drive the growth of this segment.
Based on region, Asia Pacific segment is expected to
grow during the forecast period. The Asia Pacific region boasts the
world's largest population, with a rapidly growing middle class and increasing
disposable income. This translates into a rising demand for meat and dairy
products, leading to a higher demand for probiotics in animal feed. Animal
production is expanding rapidly in Asia Pacific, particularly in countries like
China, India, and Vietnam. This expansion is driven by factors such as
favorable climatic conditions, government initiatives to promote agriculture,
and increasing demand for locally produced animal products. Open-pollinated
probiotic strains are widely preferred in Asia Pacific due to their
cost-effectiveness, adaptability to local conditions, and cultural preferences.
This preference drives the demand for open-pollinated probiotic animal feed.
Several major seed companies are based in Asia Pacific, such as Yuanlongping
High-Tech Agriculture Co. Ltd., Kaifeng Sunseeds Group Co., Ltd., and Beijing
Dahua Seed Co., Ltd. These companies contribute significantly to the region's
market share.
The North America market is poised to be the
fastest-growing market, offering lucrative growth opportunities for Probiotics
in Animal Feed players during the forecast period. Factors such as increasing
health concerns, a burgeoning senior population, rising healthcare spending,
growing disposable income, and the emergence of local market players are
expected to fuel market growth in the region. Additionally, improvements in the
healthcare system, government subsidies facilitating the establishment of production
facilities by industry giants, low labor costs, and easy access to raw
materials are anticipated to further support the growth of the North America
Probiotics in Animal Feed market.
Major companies operating in Global Probiotics in
Animal Feed Market are:
ADM Inc.
International Flavors & Fragrances
Inc.
CHR. Hansen Holding A/S
Evonik Industries AG
DSM BV
Ohly GmbH
Alltech Inc.
Kemin Industries Inc.
Provita Animal Health
Lallemand Inc.Glanbia Plc
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“The Consumer demand for sustainable and natural
products and increasing population growth and increased protein consumption are
key drivers of the Probiotics in Animal Feed market. In recent years, the
growing shift toward more responsible and ethical animal farming practices.
Producers are seeking alternatives to conventional production methods, and
probiotics offer a natural, ethical, and sustainable approach. This driver is
reflected in the industry's commitment to reducing the use of antibiotics,
promoting animal welfare, and adopting practices that resonate with consumer
values. Moreover, the growing consumer emphasis on preventative agricultural
products has enhanced production and marketing efforts. To meet the demands of
the market, manufacturers are increasingly incorporating cutting-edge
technologies with high production efficiency. Rising consumer acceptance and
continuous product innovation will further ensure the growth of the Probiotics
in Animal Feed market in the coming years.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Probiotics in Animal Feed Market – Global Industry Size,
Share, Trends, Opportunity, & Forecast 2018-2028 Segmented By Livestock (Poultry, Swine,
Ruminants, Aquaculture, Pets, Others), By Source (Bacteria, Yeast & Fungi),
By Form (Dry, Liquid), By Distribution Channel (Retail Stores, Others), By
Region, Competition”, has evaluated the future growth
potential of Global Probiotics in Animal Feed Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Probiotics in Animal Feed Market.
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