Global Animal Feed Probiotics Market Size, Share, Growth Analysis, By Product(Lactobacilli, Bifidobacterium), By Livestock(Poultry, Broiler) - Industry Forecast 2024-2031

The Global Animal Feed Probiotics Market size was valued at USD 214 million in 2022 and is poised to grow from USD 228.98 million in 2023 to USD 393.43 million by 2031, growing at a CAGR of 7 % in the forecast period (2024-2031).

Probiotics for animal feed have become very popular as an essential part of today's animal diet. Probiotics are live bacteria that improve digestion and gut health in animals. They are being fed to animals in greater and greater quantities to help them feel better. The growing focus on lowering the use of antibiotics in animal farming, the growing need for safe and high-quality animal protein products, and the growing understanding of the connection between animal performance and gut health are the main drivers of this market's growth.

A significant portion of this industry is held by the Asia Pacific area because of its high cattle population and rising meat demand. Because of strict laws prohibiting the use of antibiotics in animal feed and a move toward more environmentally friendly methods of raising animals, Europe and North America also play significant roles.

Animal kinds including poultry, swine, ruminants, and aquaculture are included in the market segmentation for animal feed probiotics. The largest meat-producing industry, poultry, uses a lot of probiotics to increase growth rates and feed efficiency.

Nevertheless, there are obstacles to overcome, such as preserving the probiotics' viability throughout feed processing, guaranteeing product stability, and refining formulas for various animal species. The market's overall trajectory highlights its potential to transform animal nutrition and support a more environmentally friendly and health-conscious method of raising animals.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Animal Feed Probiotics Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Animal Feed Probiotics Market Segmental Analysis

Product, Livestock, and Region are the three main market segments in the global animal feed probiotics market. The market is divided into four segments based on product: lactobacilli, bifidobacterium, streptococcus, bacillus, and others. The market is divided into the following segments based on livestock: Salmon, Aquaculture, Starter, Grower, Sow, Turkey, Broiler, Layer, Pet food, Dog, Cat, Horse, and Others. The market is divided into four regions: North America, Europe, Asia-Pacific, and Latin America.

Drivers of the Global Animal Feed Probiotics Market

Animal farming is becoming more ethical and sustainable as people become more conscious of the negative effects that conventional livestock methods have on the environment and human health. Probiotics provide a safe, all-natural way to boost general productivity, lessen the need for antibiotics, and improve animal health.

Restraints in the Global Animal Feed Probiotics Market

It is difficult to keep probiotic bacteria viable and stable in the storage, digesting, and feed making processes. It's critical to make sure probiotics stay active until they're consumed.

Market Trends of the Global Animal Feed Probiotics Market

Changes in Animal feeding: There has been a change in animal feeding toward antibiotic alternatives due to growing concerns about antibiotic resistance and its possible effects on human health. Probiotics are starting to show promise as a treatment option since they improve gut health and lessen the need for antibiotics.