Poultry Probiotic Ingredients Market size to exceed $120mn by 2026
Published Date: January 6, 2021 Authors: Kunal Ahuja, Kritika Mamtani
Poultry Probiotic Ingredients Market size is set to surpass USD 120 million by 2026, according to a new research report by Global Market Insights, Inc.
Growing poultry business due to rising investments of government and private sector along with rising meat & meat products consumption to incorporate protein rich food is likely to favor industry growth. Rising awareness among farmers regarding animal health & nutrition due to disease outbreak and need to provide healthy animal food products should fuel product demand. Rising demand for processed meat owing to rapid growth of retail industry along with technological advancements in meat processing sector may act as a major driving factor for poultry probiotic ingredients industry demand.
Stringent regulatory guidelines regarding antibiotics growth promoter (AGPs) ban due to bioaccumulation of antibiotics in gastrointestinal tract of poultry animals and meat products which results in harmful effects on human & animal health along with resistance to diseases is likely to promote need for natural growth promoters such as probiotics thereby having positive impact on the poultry probiotic ingredients market trends.
Probiotics provides additional nutrients and digestive enzymes to animals and act as an effective feed additive thereby improving animal performance by increasing grain and feed efficiency, maintaining health, reducing mortality, enhancing growth in chicken and improving feed conversion efficiency.
Poultry animals are subjected to high environmental stress such as processing, post hatching period, transportation, and temperature differences. Probiotic colonization in poultry animals is essential for inhibiting pathogenic bacterial growth in gastrointestinal tract thereby boosting metabolism and improving immunoregulatory functions. Increasing growth promoter’s usage in poultry feed due to demand for high yield healthy meat products should drive industry statistics.
Browse key industry insights spread across 220 pages with 162 market data tables and 48 figures & charts from the report, “Poultry Probiotic Ingredients Market Size By Product (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus), By Application (Broilers, Layers, Turkeys, Breeders, Chicks & Poults), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Lactobacilli accounted for the largest share in poultry probiotic ingredients market
Lactobacillus as a poultry probiotic ingredient is likely to surpass USD 75 million by 2026 owing to rapid product penetration. Lactobacillus are prominently used in layers to enhance egg quality. Lactobacillus based probiotics are beneficial for eggshell and provides favorable environment to eggs for proper growth.
Lactobacillus absorbs calcium from gut resulting into thicker eggshell and offering complete nutrition of eggs. Lactobacillus L. bulgaricus, acidophilus, L. casei, L. paracasei, L. sporogenes, L. salivarius, L. animalis, L. reuteri, L. cellobiosus L. plantarum, are prominently used in probiotics production. Rise in egg consumption mainly in India, China, and U.S due to increasing health consciousness among consumer promoting high protein intake for better diets may fuel product demand thereby acting as a major contributing factor towards industry outlook.
“Lactobacilli poultry probiotic ingredients market is poised to grow with CAGR of 5% through 2026 as lactobacilli are easily available and inhibits bacterial colonization, helps improving immunity and increase competitive exclusion”
North America poultry probiotic ingredients industry is likely to achieve over 5.5% CAGR through 2026 owing to rising poultry consumption mainly in North America. Growing health consciousness regarding consuming sufficient amount of protein along with shift in dietary preferences is likely to act as a key driving factor for product demand. Probiotics improve growth performance and health of poultry animal without leaving any residue in meat products along with this it comprises microbial species safe for human consumption. Rise in demand for safe and natural growth promoters should fuel product demand over the projected period.
Favorable regulations by FDA regarding GRAS approval for poultry probiotic ingredients along with antibiotics ban in U.S is likely to drive industry forecasts. Increasing demand for cost effective feed solution mainly for chicks should fuel product demand. Growing livestock business coupled with elimination of infectious bacteria is likely to drive regional outlook.
“North America poultry probiotic ingredients market is likely to surpass USD 30 million by 2026 as increasing demand for cost effective feed solution mainly for chicks should fuel product demand.”
Many manufacturing companies are focusing more on product differentiation based on marketing and quality. Companies are expanding their businesses for gut health enhancement and developing new products and sourcing novel technology through acquisitions and mergers. Increasing application outlook in broilers, layers, breeders, chicks & poults and turkeys should drive the market share.
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