Probiotics in Animal Feed Market

The global probiotics in animal feed market foreseen to grow by 8.3%, from USD 5.17 Billion in 2021 to USD 9.78 Billion in 2029. Growth in the consumption of animal-based products, increase in demand for animal protein among consumers, increase in incidences of intestinal disorders among livestock species, and increase in the production of compound feed are seen to drive the market for the upcoming forecast period. However, the international quality standards and regulations for probiotics in animal feed products remain one of the factors that restrain the market.

Market Definition

What is Probiotics In Animal feed?

Probiotics provide health benefits and are found naturally in products of the human diet, such as yoghurt and other fermented foods. Probiotics used in animal nutrition are generally produced commercially and offered in liquid and solid forms to the market.

Market Overview

The probiotics in animal feed market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the probiotics in animal feed market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global probiotics in animal feed market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

probiotics in animal feed market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the probiotics in animal feed market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the probiotics in animal feed market ADM, Dupont, Land O'Lakes, Koninklijke Dsm N.V., Mitsui & Co. Ltd, Novozymes, Ohly, Chr. Hansen, Alltech, Kemin Industries, Inc., Provita Eurotech Ltd, Orffa International Holding BvV, Lesaffre, Advance Aqua Bio Technologies, Green Aqua Tech Llp, Sanzyme Biologics, Agrihealth, Arm & Hammer Animal Nutrition, Pure Cultures, Rubinum S.A., Unique Biotech Ltd, Mystical Biotech, Calpis Co., Ltd.

COVID-19 Impact on Global Probiotics In Animal Feed Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the probiotics in animal feed market has forced the companies to change their sourcing, pricing, and promotion strategies. The Probiotics in animal feed market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the agriculture industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and probiotics in animal feed market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global Probiotics in animal feed market segmented on the basis of Source Form Livestock End region:

Source Outlook:

On the basis of source, the market is segmented into bacteria, yeast and fungi.

Figure 1 Probiotics In Animal Feed Market By Source (Market Size And Forecast By Value - USD Million, 2021 & 2029)