Poultry Probiotic Ingredients Market size to exceed $130mn by 2027
Published Date: September 28, 2021 Authors: Kunal Ahuja, Sarita Bayas
Poultry probiotic ingredients market size is set to surpass USD 130 million by 2027, according to a new research report by Global Market Insights Inc.
Growing awareness regarding the importance of good health & optimum nutrition of poultry animals among poultry farmers owing to the increasing prevalence of livestock diseases & infections among poultry animals is likely to raise the demand for high-quality feed additives. Growing inclination of poultry probiotic manufacturers to incorporate natural ingredients in poultry feed and stringent regulations banning the use of antibiotics in poultry feed should further escalate product demand during the assessment period.
High product stability and reduced product costs to propel bacillus-based poultry probiotic ingredients market statistics
The bacillus-based poultry probiotic ingredients market was valued at over USD 4 million in 2020 and is expected to grow at a CAGR of over 7.5% over the forecast period. The bacillus subtilis spores possess numerous attributes such as the ability to enhance birds’ growth performance, intestinal integrity, and feed efficiency, making it an ideal growth promoter compared to feed antibiotics for broiler production. Moreover, bacillus subtilis spores can maintain a high degree of stability of the poultry probiotic product for a prolonged period of time. This aids in reducing the overall cost and concentration of feed nutrients used to manufacture the poultry probiotic product, in turn, reducing the overall product costs.
Browse key industry insights spread across 220 pages with 165 market data tables and 40 figures & charts from the report, “Poultry Probiotic Ingredients Market Forecasts By Product (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus), Application (Broilers, Layers, Turkeys, Breeders, Chicks & Poults) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Rising need to maintain gut health, increase resistance to environmental stress among layers, and favorable government support to boost the market statistics
Increasing instances of livestock diseases and infections among layers are likely to promote product demand. The low resistance of layers to withstand environmental stress during hatching is likely to raise the demand for growth promoting feed additives such as probiotic ingredients during the forecast period. Growing consumer demand for highly nutritious protein-rich food items, such as eggs and poultry meat, in daily diets is likely to raise the product demand from layer production.
Poultry probiotic ingredients market from layers application was valued at over USD 16 million in 2020 and is expected to grow at a CAGR of over 6.5% over the review period. Favorable government support in the form of schemes and subsidies to support layer production coupled with the increasing number of farmers engaged in the layers’ poultry business as an additional source of income will drive layers’ industry growth, thereby stimulating the product demand.
Favorable regulatory scenario and increasing efforts by manufacturers to develop cost-effective poultry feed solutions to boost North American market share
Poultry probiotic ingredients market in North America was valued at over USD 23 million in 2020 and is expected to grow at a CAGR of over 6% between 2021 and 2027. This can be attributed to the favorable regulatory scenario such as poultry probiotic ingredients being approved by the FDA as ‘Generally Recognized As Safe’ and ban on the use of antibiotics in animal feed products, encouraging the use of natural ingredients in animal feed products, boosting regional market statistics.
The prominent players operating in the poultry probiotic ingredients market are also focusing on entering into collaborations and technological partnerships with other market participants to develop innovative poultry probiotic products to increase the quantity and improve the yield quality from poultry farming. Chr. Hansen Holding A/S, Novus International, Inc., Lallemand Inc., Lactina Ltd., Danisco Animal Nutrition, Biomin Holding GmbH, Intvet Products Mfg Co., Adisseo France SAS, and DSM are some of the major players in the market.
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