PUBLISHER: Value Market Research | PRODUCT CODE: 1459594
PUBLISHER: Value Market Research | PRODUCT CODE: 1459594
The global demand for Probiotics In Animal Feed Market is presumed to reach the market size of nearly USD 12.45 Billion by 2032 from USD 5.71 Billion in 2023 with a CAGR of 9.05% under the study period 2024 - 2032.
Probiotics in animal feed refer to beneficial microorganisms, such as bacteria and yeast, added to animal diets to improve gut health, digestion, and overall performance. These probiotics aid in maintaining a balanced microbial environment in the animal's gastrointestinal tract, enhancing nutrient absorption and immune function and improving animal health and productivity.
The surge in demand for meat & dairy products and growing concerns regarding animal health and welfare fuel the market for probiotics in animal feed. Probiotics are known to improve digestive health, enhance nutrient absorption, and boost immunity in livestock, leading to improved growth performance and production efficiency. Additionally, the rising trend towards natural and sustainable farming practices stimulates the shift towards probiotic-based feed additives, as they offer an alternative to antibiotics for promoting animal health and growth. Moreover, stringent regulations limiting antibiotics in animal agriculture and increasing consumer awareness regarding food safety and quality further propel the demand for probiotics in animal feed. Furthermore, advancements in probiotic strains, formulation techniques, and delivery systems are expanding the application scope of probiotics in animal nutrition, opening up opportunities for market growth across various livestock species and production systems. However, concerns regarding antibiotic resistance, regulatory constraints on antibiotic use in animal feed, and the development of alternative feed additives restrain the growth of probiotics in the animal feed market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of probiotics in animal feed. The growth and trends of probiotics in animal feed industry provide a holistic approach to this study.
This section of the probiotics in animal feed market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Probiotics In Animal Feed market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Probiotics In Animal Feed market include Alltech Inc., Land O'Lakes, Inc., Chr. Hansen A/S, Evonik Industries AG, Kerry Group plc, DSM, Provita Animal Health, Mitsui & Co. (U.S.A.), Inc., Novus International, Inc., Lallemand Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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