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
|
Bacteria
|
Bifidobacteria
|
|
Lactobacilli
|
|
Streptococcus
Thermophilus
|
Yeast
and fungi
|
Saccharomyces
Boulardii
|
|
Saccharomyces
Cerevisiae
|
|
Other
Sources
|
|
|
Form
|
Dry
|
Liquid
|
|
|
Livestock
|
Aquaculture
|
Pets
|
Poultry
|
Ruminants
|
Swine
|
Other
livestock
|
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)