The global probiotics in animal feed market share is expected to reach USD 6.24 billion by the end of 2026, exhibiting a CAGR of 7.30% during the forecast. The rising awareness among cattle and pet owners regarding the benefits of probiotics on livestock’s overall performance is one of the key factors fostering the growth of the market in the forthcoming years, says Fortune Business Insights™ in a report, titled “Probiotics in Animal Feed Market Size, Share and Industry Analysis By Microbial Genus (Lactobacillus, Bifidobacterium, Yeast, and other microbes), By Application (Ruminant, Poultry, Swine, Aquaculture, Others), and Regional Forecast 2019-2026” the market size stood at USD 3.56 billion in 2018. The increasing consumption of animal-derived products along with clean-label requirement by cattle owners will facilitate the growth of the market in the foreseeable future.
According to the report, the market by microbial genus is divided into Lactobacillus and Bifidobacterium, yeast, and other microbes. Lactobacillus and Bifidobacterium are expected to account for the highest share in the market owing to their extensive use in the majority of probiotics in animal feed. Furthermore, bacterial strains are proven to be sustainable and viable alternatives to antibiotic growth promoters. Besides, the use of yeast and other fungi has also gained popularity and is likely to grow considerably during the forecast period. For instance, Saccharomyces cerevisiae supports the adequate build-up of protein in the animals; they have also exhibited immunostimulatory activity in farm animals apart from improving the digestive physiology.
The report provides an all-encompassing summary of all the prevailing trends of the probiotics in animal feed market. It offers profound insights into all the segments and shares analytical statistics on the geographical aspect of the market. It is created after extensive research followed by wide-ranging analysis to support companies, stakeholders, financers, and potential investors. The report aims to deliver a vibrant illustration of the market size. Additionally, it also covers the latest advancement and development, product launches, acquisitions, collaborations & partnerships, and others
Poultry Sector to Offer Lucrative Business Opportunities to the Market
The poultry sector remains one of the lucrative application areas for probiotics in the animal feed industry owing to the robust demand dynamics and equally good production scenario. Poultry flock are commonly exposed to pathogens such as Salmonella enterica, Escherichia coli, and Campylobacter jejuni owing to improper hygiene and sanitation management.
Furthermore, the growing concerns towards antibiotic resistance have prompted manufacturers to use natural options. The lactic acid bacteria (LAB) is one of the most utilized strains in the poultry feed. These factors together will promote the probiotics in animal feed market share. Additionally, swine and ruminants are expected to grow significantly in the forthcoming years owing to the increasing utilization of probiotics in animal feed containing strains such as bifidobacterium, enterococcus, lactobacillus, bacillus, prediococcus and streptococcus.
Launch of POULTRYSTAR Hatchery Gel Drop by BIOMIN to Spur Growth prospects
The announcement of POULTRYSTAR hatchery gel drop synbiotic for day-old chicks is expected to bolster healthy growth of the market in the forthcoming years. For instance, BIOMIN launched POULTRYSTAR hatchery gel drop synbiotic for day-old chicks – it is known to deliver the synergistic action of carefully selected probiotic bacterial strains with a prebiotic that selectively stimulates beneficial bacteria that are essential for good poultry gut health. Moreover, Phileo Lesaffre Animal Care launched a new generation live yeast Saccharomyces cerevisiae product (ActiSaf Sc 47 HR+) in the EU. The launch of the new generation live yeast Saccharomyces cerevisiae product is likely to boost the probiotics in animal feed market trends in the foreseeable future.
Growing Awareness Regarding Animal Health and Welfare to Propel Growth in Asia Pacific
Asia Pacific is the leading region and is expected to remain dominant during the forecast period owing to the strong reliance on animal-based food products in the dietary patterns. An ever-rising pressure on the livestock to increase the yield with limited inputs will further enable the growth of the market in Asia Pacific. The growing utilization of probiotics in animal feed as it improves the overall performance of animals as well as protects from enteric pathogens and obnoxious substances. This factor will boost the probiotics in animal feed market revenue in Asia pacific.
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