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Animal Feed Probiotics Market Share

Report ID: GMI5393
Published Date: Oct 2023
Report Format: PDF

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Animal Feed Probiotics Market Share

Some of the major companies operating in the animal feed probiotics industry are:

ADM (ARCHER-DANIELS-MIDLAND COMPANY)
Evonik Industries
LAND O’ LAKES, Inc.
Koninklijke DSM N.V.
International Flavors & Fragrances Inc.
Ohly
Chr. Hansen Holding A/S
Kemin Industries, Inc.
Provita Animal Health
Arm & Hammer Animal and Food Production (A Church & Dwight Co., Inc.)
Alltech.
Orffa
Cargill
Adisseo (A Bluestar Company)

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kunal Ahuja, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of animal feed probiotics reached USD 214.8 million in 2022 and is set to cross USD 456 million by the end of 2032.

Lactobacilli segment held a majority market value of USD 25.5 million in 2022, as the probiotic properties of lactobacilli, which is a kind of ‘good’ bacteria, are being embraced by many sectors.

U.S. market size crossed USD 34.4 million in 2022, as the natural and sustainable alternatives to antibiotics in livestock farming are preferred due to fear of increasing drug-resistant strains.

ADM (ARCHER-DANIELS-MIDLAND COMPANY), Evonik Industries, LAND O’ LAKES, Inc., Koninklijke DSM N.V., International Flavors & Fragrances Inc., Ohly, Chr. Hansen Holding A/S, Kemin Industries, Inc., Provita Animal Health, Arm & Hammer Animal and Food Production (A Church & Dwight Co., Inc. Company), Alltech., Orffa, Cargill, Adisseo (A Bluestar Company).