(I-BusinessNews.Com, September 16, 2020 ) The report "Probiotics in Animal Feed Market by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria [Lactobacilli, Streptococcus Thermophilus, Bifidobacteria] and Yeast & Fungi), Form (Dry and Liquid), and Region - Global Forecast to 2025" The global probiotics in animal feed market is estimated to be valued at USD 4.6 billion in 2019 and is projected to reach about USD 7.0 billion by 2025, at a CAGR of 7.4%. The growth of this market is attributed to the rise in demand for functional animal feed products in emerging economies such as Asia Pacific and RoW.
By livestock, the poultry segment is projected to dominate the probiotics in animal feed market during the forecast period.
By livestock, the probiotics in animal feed market is subsegmented into poultry, swine, ruminants, aquaculture, pets, and others. The poultry segment is projected to dominate the probiotics in animal feed market during the forecast period. The Asia Pacific region is expected to be a major revenue pocket in the coming years. The region is backed by a large population base with an increase in a number of urbanized population opting for protein-rich food options with poultry products such as eggs and meat. This is expected to increase the demand for probiotics in the poultry industry.
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.
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).
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