Probiotics in animal feed market 2020 is all set to hit an outstanding USD 6.5 billion by 2024, says Market Research Future (MRFR). MRFR also projects the market’s growth rate to be 7.5% over the forecast period (2019 to 2024). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Primary Drivers and Main Barriers
A number of changes are being observed in the consumption patterns and dietary habits of the world population, with the primary shift being the surging demand for dairy and meat products. The escalating demand for several animal products like dairy products, milk, eggs, meat products, and non-food products has boosted the use of feed additives, and by extension, boosting the growth of the probiotics in animal feed market. The accelerated expansion of the global population has fostered the need for food, which is why the livestock industry is under immense pressure to cater to high-value animal products’ escalating demand. The market has also been growing on the back o the soaring number of health-conscious consumers and the high preference for nutrition-rich diets that is only possible if the livestock consumes nutritious feed. Livestock products like milk, eggs and meat contain high content of micronutrients like zinc, vitamins and iron, and therefore, are in huge demand among the mass.
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Probiotics in animal feed has gained a lot of important, with the rising awareness about their health benefits. These help maintain the microbial flora within the animals’ intestinal tract, while also augmenting immunity against pathogens. Probiotics also help treat inflammatory bowel disease, irritable bowel syndrome, antibiotic-related diarrhea and infectious diarrhea among livestock. With this, animals are able to obtain optimum nutrition from the given feed, which raises the overall quality of the animal products. Multiple vendors and research agencies are concentrating on R&D to come up with Bacteria strains like bifidobacteria, Streptococcus thermophilus and lactobacilli for animal as well as human consumption. Moreover, in view of the heightened demand among consumers, pet food industry is showing significant interest in bacterial probiotics in animal feed.
To retain their market positions, established firms are increasingly conducting research to develop new products. Most of the vendors are also adopting strategic expansion and acquisition to capture a bigger market share. For instance, in April 2020, Adiesso collaborated with Novozymes to develop an Alterion technology, which visualizes germination to demonstrate bacillus-based probiotic product’s effectiveness in poultry. Both the partners also have a few projects lined up that target pig and poultry sector, with the aim to address major challenges faced with Bacillus technology.
LESAFFRE (France), Novus International, Inc. (US), Kerry Group (Ireland), Novozymes (Denmark), DuPont de Nemours, Inc. (US), KONINKLIJKE DSM N.V. (Netherlands), Alltech (US), Chr. Hansen Holding A/S (Denmark), Pure Cultures (US), Land O’Lakes, Inc. (US), Schouw & Co. (Denmark), LALLEMAND Inc. (Canada), Unique Biotech (India), Bluestar ADISSEO Co., Ltd. (China), Evonik Industries AG (Germany), are some of the most Probiotics in Animal Feed Market.
Global Probiotics in Animal Feed Market can be considered for source, form and livestock.
The primary sources of probiotics are yeast, fungi and bacteria. The types of bacteria are Bifidobacterium, Lactobacillus, Streptococcus, and others.
Probiotics in animal feed come in two forms, namely liquid and dry.
Depending on livestock, the market caters to poultry, swine, aquaculture, ruminants, and others.
The worldwide market has been analyzed with respect to four primary regions, namely Europe, APAC/Asia Pacific, North America, and RoW/rest of the world.
APAC is the highest revenue generating market for probiotics in animal feed across the globe, and is also touted to gain the highest growth in the near future. Some of the top performing markets in the region that contribute significant to the market growth include India, Indonesia, Vietnam and China. Escalating awareness levels among the livestock growers with regard to the benefits associated with probiotics has lifted up the APAC market’s position globally. Government’s role has also been crucial in the market growth; for instance, the Chinese government recently started a pilot program, which aims to completely eliminate antibiotics’ usage in livestock feed by 2021. Likewise, the Indian government has banned using any “last hope” antibiotic to curb the spread of world’s deadliest superbugs on farms, following a Bureau investigation revelation of its extensive use for fattening the livestock. Therefore, with the antibiotic ban across China and India can give rise to attractive opportunities in the APAC market for probiotics in animal feed.
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