MarketsandMarkets forecasts the Probiotics in animal feed market to grow from USD 4.6 billion in 2019 to USD 7.0 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period. The major factors that are expected to be driving the probiotics in animal feed market are the Growth in consumption of animal-based products, shift of livestock industry from unorganized sector to an organized one, increase in focus on animal health to prevent disease outbreaks. The objective of the report is to define, describe, and forecast the probiotics in animal feed market size based on livestock (poultry, ruminants, swine, aquaculture, pets), source (bacteria [lactobacilli, streptococcus thermophilus, bifidobacteria] and yeast.

Report Objectives:

• To define, segment, and project the global market size of the probiotics in animal feed market
• To understand the probiotics in animal feed market by identifying its various subsegments
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
• To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
• To profile key players and comprehensively analyze their core competencies

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=85832335

The probiotics in animal feed market comprises several stakeholders such as feed additives suppliers and manufacturers, feed importers and exporters, feed traders and distributors, government and research organizations, associations and industry bodies and research labs, public and private research institutions, agencies, and laboratories. The demand-side of this market is characterized by the rising demand for animal feed.

By source, the bacteria segment is projected to dominate the probiotics in animal feed market during the forecast period.

Bacteria strains such as lactobacilli, bifidobacteria, and Streptococcus thermophilus are used in the animal feed industry, owing to its health benefits such as the promotion of gut health and increased productivity, immunity, and overall performance of the animals. Several companies and research organizations are performing R & D to develop these strains for both animal and human consumption.

By form, the dry segment is projected to dominate the probiotics in animal feed market during the forecast period.

The dry form of probiotics is usually mixed in the feed for animals including cattle, poultry, and swine. The dry form of probiotics is commonly available in a powdered form, as it can be mixed with the feed. This form of probiotics is preferred due to benefits such as ease of transportation and storage associated with it, as opposed to liquid probiotics, which require specialized facilities for storage and transportation.

The Asia Pacific region is projected to dominate the market through the forecast period

In 2018, the Asia Pacific region led the global probiotics in animal feed market. Factors such as a large livestock base, high meat consumption, and increasing consumer awareness about the positive impact of probiotics on animal health are driving the Asia Pacific market. Some of the countries contributing to the growth of this region include China, India, Japan, Australia, and New Zealand.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=85832335

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the probiotics in animal feed market. It includes the profiles of leading companies such as Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DowDuPont (US), Evonik Industries (Germany), Land OLakes (US). Other players include Lallemand (Canada), Bluestar Adisseo Co. (China), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Schouw & Co. (Denmark), Unique Biotech (India), Pure Cultures (US), Kerry (Ireland), and Mitsui & Co., Ltd. (Japan).

Chr. Hansen develops natural ingredients for food, nutritional, pharmaceutical, and agricultural industries. The company provides products such as cultures, enzymes, and probiotics to the animal feed and food & beverage industries. The company’s major business segments include cultures & enzymes, natural colors, and health & nutrition. It has the largest commercial collection of bacteria, with over 30,000 bacterial strains. The company produces probiotics for feed under its Health & Nutrition division. Within animal feed, it provides probiotics for poultry, swine, and cattle.

Recent Developments:

• In December 2018, Evonik and Vland (China) formed an agreement by signing MoU for strategic cooperation. The two companies would work on innovations related to probiotics in animal nutrition.
• In May 2018, BioMar launched broodstock feed type—EFICO Genio, for the African catfish farmers. It contains Bactocell, the only approved probiotic by the European Commission for inclusion in fish feed.
• In October 2017, Koninklijke DSM N.V. acquired Twilmij B.V. (Netherlands). The company expanded its presence in the Northwest-European region in the animal feed market.
• In October 2017, Danisco Animal Nutrition, a business unit of DuPont Industrial Bioscience, launched Enviva PRO, a three-strain Bacillus probiotic, for the European market.
• In September 2016, Chr. Hansen signed a partnership with LinkAsia Partners (Singapore). The partnership was expected to help Chr. Hansen’s R&D expertise as it was beneficial to its probiotic solutions, such as GalliPro and BioPlus in the Asia Pacific region.