Home > Food, Nutrition & Animal Feed > Animal Feed Probiotics Market
Animal Feed Probiotics Market size exceeded USD 200 million in 2021 and is poised to depict over 7% CAGR through 2022-2030. This is credited to the increasing incidences of intestinal disorders among livestock, in regions such as the Asia Pacific.
To get more details on this report: Request Free Sample PDF
Probiotics are used extensively in feed additives to stabilize the microbial communities of the digestive tract in both ruminant and monogastric animals. Proper feed formulation and nutritional strategy adoption have become key requirements, due to the rising poultry disease outbreaks, especially in the Asia Pacific region. Over the years, poultry farmers have also become more aware about animal nutrition, thereby promoting the use of poultry feeds with high-quality probiotic ingredients.
Another factor fueling animal feed ingredient development is surging meat production, which reached 15,143 metric tons in China in 2020. Farmers are implementing innovative animal husbandry practices to improve meat quality. These factors will contribute to the demand for probiotic animal feed additives for disease prevention. Despite the favorable environment, issues regarding standardization and technological limitations may impede animal feed probiotics industry development to some extent over the forecast period.
Report Coverage | Details |
---|---|
Base Year: | 2021 |
Market Size in 2021: | 200 Million (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 7.5% |
2030 Value Projection: | 390 Million (USD) |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 186 |
Tables, Charts & Figures: | 239 |
Segments covered: | Product, Livestock |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To get more details on this report: Request Free Sample PDF
To get more details on this report: Request Free Sample PDF
Animal feed probiotics market value from the streptococcus product segment will reach over USD 20 million by 2030, owing to an increase in pet adoption and funding programs to support the seafood sector. For example, in February 2022, the USDA invested over USD 50 million to help seafood processing facilities and vessels tackle COVID-19-induced disruptions through the SPRS (Seafood Processors Pandemic Response and Safety Block Grant Program). Such initiatives are expected to foster the growth of marine aquaculture projects, consequently amplifying the adoption of streptococcus probiotics in aquaculture feed to improve their growth performance.
To get more details on this report: Request Free Sample PDF
Based on the livestock, the animal feed probiotics market share from the swine segment is poised to exhibit a 7% CAGR through 2030, as a result of the emerging intensive pig farming trend to address the demand for pasture-raised pork. According to Bolivia’s Ministry of rural development and lands, pig production volume reached 117,676 tons in 2021, an 85.6% hike from 2000. The rise in pig production will, in turn, bolster the requirement for probiotic additives to upgrade swine feed quality and ensure high production efficiency.
Sow -sub-segment is anticipated to be valued at over USD 40 million by 2030, considering the rapid technological innovation in the meat processing sector. The need to maintain the optimal health and safety of domesticated animals including sows has increased. To improve sustainability, the management of piglets and keeping the environment favorable for both piglets and sows have become critical elements of pig farming. Factors such as these will further drive the consumption of probiotics for sow feed applications.
North America animal feed probiotics market statistics is set to register over 7% CAGR through 2030. The increasing R&D investment for product innovations in the animal feed sector is among the key growth drivers. The consistent growth of the industrial livestock business across the region is also increasing the demand for animal feeds enriched with probiotic ingredients.
Based on statistics from the USDA, sales of dairy, livestock, and poultry account for more than half of the agricultural cash receipts in the U.S. These factors will create lucrative growth opportunities for developers of animal feed additives including probiotics across the United States, asserting a positive influence on regional market trends.
ADM, DuPont, LAND O’ LAKES, Koninklijke DSM N.V., Evonik Industries, Novus International, Inc., Arm & Hammer Animal Nutrition, OHLY, Kemin Industries Inc, CHR. HANSEN, Altech, and Provita Eurotech Ltd. are some of the prominent players in the animal feed probiotics market. These industry participants are implementing mergers & acquisitions, as well as other strategies to bolster their foothold in the industry.
The onset of the COVID-19 pandemic led to immediate disruptions in industries including livestock and agriculture. This may have hindered the development of the animal feed probiotics industry to some extent, especially in the early stages of the crisis. To address the disruptions caused by the outbreak, several action plans and marketing strategies have been introduced, facilitating the collection of livestock products during the lockdown.
Global trends including escalating pet adoption have also been observed during the pandemic. As per the American Society for the Prevention of Cruelty to Animals, around 23 million American households adopted a pet amid the lockdown. This will proliferate the need for probiotic ingredients in pet food and other animal feed applications.
The animal feed probiotics market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2017 to 2030 for the following segments:
Click here to Buy Section of this Report
By Product
By Livestock
The above information is provided on a regional and country basis for the following: