Probiotics in Animal Feed Market Report: Size, Trends, and Projections for the Years 2019-2026

 The global probiotics in animal feed market is projected to reach USD 6.24 billion by the conclusion of 2026, showcasing a Compound Annual Growth Rate (CAGR) of 7.30% throughout the forecast period. A key catalyst for this growth is the increasing awareness among owners of livestock, including cattle and pets, about the advantageous impact of probiotics on the overall performance of animals. This insight comes from a report titled "Probiotics in Animal Feed Market Size, Share, and Industry Analysis By Microbial Genus (Lactobacillus, Bifidobacterium, Yeast, and other microbes), By Application (Ruminant, Poultry, Swine, Aquaculture, Others), and Regional Forecast 2019-2026" by Fortune Business Insights™. The market size was valued at USD 3.56 billion in 2018.

The report identifies Lactobacillus and Bifidobacterium as the primary microbial genera, contributing significantly to the market share. These microbial strains are widely utilized in various probiotics in animal feed, and their prominence is attributed to their efficacy. Bacterial strains, especially Lactobacillus and Bifidobacterium, are acknowledged as sustainable alternatives to antibiotic growth promoters. Meanwhile, yeast and other fungi, such as Saccharomyces cerevisiae, have gained popularity for promoting protein synthesis in animals and exhibiting immunostimulatory activity in farm animals. This diversification in microbial sources is anticipated to drive substantial market growth. Moreover, the surge in demand for animal-derived products and the increasing emphasis on clean-label requirements by cattle owners are expected to further fuel the expansion of the probiotics in animal feed market in the foreseeable future.

Browse In-depth Summary of This Research Insight:

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

The report provides an all-encompassing summary of all the prevailing trends of the probiotics in animal feed market. It offers profound insights into all the segments and shares analytical statistics on the geographical aspect of the market. It is created after extensive research followed by wide-ranging analysis to support companies, stakeholders, financers, and potential investors. The report aims to deliver a vibrant illustration of the market size. Additionally, it also covers the latest advancement and development, product launches, acquisitions, collaborations & partnerships, and others

Some of the Major Companies in the Probiotics in Animal Feed Market are:

• 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.
• Evonik Industries

Poultry Sector to Offer Lucrative Business Opportunities to the Market

The poultry sector remains one of the lucrative application areas for probiotics in the animal feed industry owing to the robust demand dynamics and equally good production scenario. Poultry flock are commonly exposed to pathogens such as Salmonella enterica, Escherichia coli, and Campylobacter jejuni owing to improper hygiene and sanitation management.

Furthermore, the growing concerns towards antibiotic resistance have prompted manufacturers to use natural options. The lactic acid bacteria (LAB) is one of the most utilized strains in the poultry feed. These factors together will promote the probiotics in animal feed market share. Additionally, swine and ruminants are expected to grow significantly in the forthcoming years owing to the increasing utilization of probiotics in animal feed containing strains such as bifidobacterium, enterococcus, lactobacillus, bacillus, prediococcus and streptococcus.

Launch of POULTRYSTAR Hatchery Gel Drop by BIOMIN to Spur Growth prospects

The announcement of POULTRYSTAR hatchery gel drop synbiotic for day-old chicks is expected to bolster healthy growth of the market in the forthcoming years. For instance, BIOMIN launched POULTRYSTAR hatchery gel drop synbiotic for day-old chicks – it is known to deliver the synergistic action of carefully selected probiotic bacterial strains with a prebiotic that selectively stimulates beneficial bacteria that are essential for good poultry gut health. Moreover, Phileo Lesaffre Animal Care launched a new generation live yeast Saccharomyces cerevisiae product (ActiSaf Sc 47 HR+) in the EU. The launch of the new generation live yeast Saccharomyces cerevisiae product is likely to boost the probiotics in animal feed market trends in the foreseeable future.

Growing Awareness Regarding Animal Health and Welfare to Propel Growth in Asia Pacific

Asia Pacific is the leading region and is expected to remain dominant during the forecast period owing to the strong reliance on animal-based food products in the dietary patterns. An ever-rising pressure on the livestock to increase the yield with limited inputs will further enable the growth of the market in Asia Pacific. The growing utilization of probiotics in animal feed as it improves the overall performance of animals as well as protects from enteric pathogens and obnoxious substances. This factor will boost the probiotics in animal feed market revenue in Asia pacific.