PUBLISHER: SkyQuest | PRODUCT CODE: 1724788
PUBLISHER: SkyQuest | PRODUCT CODE: 1724788
Global Probiotics in Animal Feed Market size was valued at USD 5.5 billion in 2023 and is poised to grow from USD 5.99 billion in 2024 to USD 11.85 billion by 2032, growing at a CAGR of 8.9% during the forecast period (2025-2032).
The global probiotics in animal feed market is experiencing robust growth, driven by the rising demand for organic livestock and advancements in animal feed formulations. This trend will boost the demand for feed additives in the forecast period, alongside the anticipated expansion of the poultry sector, fueled by consumer preferences and increased investment. Major players like Chr. Hansen A/S, Evonik Industries AG, Kerry Group PLC, and DSM are innovating probiotic solutions to enhance gut health and treat digestive disorders in livestock. For instance, Evonik Industries AG's collaboration with a learning company to tailor probiotics for pork and poultry feed exemplifies this commitment. Additionally, the shift towards probiotics as an alternative to traditional antibiotics stems from concerns over antibiotic resistance and a consumer preference for natural, environmentally friendly farming practices.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Probiotics in Animal Feed 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 Probiotics in Animal Feed Market Segments Analysis
Global Probiotics in Animal Feed Market is segmented by Livestock, Market Source, Form, Distribution Channel,Functionand region. Based on Livestock, the market is segmented into Poultry, Swine, Ruminants, Aquaculture,Petsand Other Livestock. Based on Market Source, the market is segmented into Bacteria and Yeast and Fungi. Based on Form, the market is segmented into Dry and Liquid. Based on Distribution Channel, the market is segmented into Direct Sales to Distributors, Direct Sales to Livestock Growers and Other Distribution Channels. Based on Function, the market is segmented into Nutrition, Gut Health, Immunity and Productivity. Based on region, the market is segmented into North America, Europe, Asia Pacific, LatinAmericaand Middle East & Africa.
Driver of the Global Probiotics in Animal Feed Market
The global demand for animal-derived products like meat, milk, and eggs is on the rise, driven by population growth and increasing disposable incomes. This trend emphasizes the need for heightened livestock productivity. Probiotics are crucial in this context as they enhance digestion, strengthen immune systems, and support overall animal health, ultimately resulting in improved growth rates and higher product yields. For example, in 2024, the Asia-Pacific region experienced a marked increase in meat consumption, prompting farmers to incorporate probiotics into animal feed to satisfy both quality and quantity requirements effectively. This shift highlights the growing significance of probiotics in the animal feed industry.
Restraints in the Global Probiotics in Animal Feed Market
The Global Probiotics in Animal Feed market faces considerable constraints due to the significant investments required for developing effective probiotic strains. This process demands extensive research, robust testing, and adherence to strict regulatory standards, leading to high research and development costs. Such financial burdens can discourage firms, particularly startups and smaller companies, from entering the market or expanding their offerings. As we move into 2024, despite the appealing advantages of probiotics, these substantial costs associated with innovation remain a formidable obstacle to market entry and diversification of product lines, hampering growth opportunities in the sector.
Market Trends of the Global Probiotics in Animal Feed Market
The Global Probiotics in Animal Feed market is currently witnessing a significant trend towards innovation in product forms and delivery methods, driven by the need for enhanced efficacy and tailored livestock solutions. As of 2024, encapsulated probiotics have emerged as a popular choice, ensuring improved stability and targeted release within the gastrointestinal tract of animals. Moreover, the adoption of multi-strain probiotic blends is gaining traction, as they offer synergistic advantages over traditional single-strain products. This diversification in formulations is revolutionizing animal nutrition, prompting manufacturers to focus on advanced formulations that meet the specific health needs of various livestock, ultimately boosting overall productivity and sustainability in the industry.