USD 2.7 billion
Report ID: SQSG30C2031 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 69 | Figures: 75
Feed Probiotics Market size was valued at USD 2.7 billion in 2021 and is poised to grow from USD 2.9 billion in 2022 to USD 5.56 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).
An increase in cattle and pet owners' knowledge of the positive effects of probiotics on livestock's overall performance is the main driver driving the global feed probiotics market. Probiotics have taken center stage in the animal feed industry as a result of the strict regulatory approach taken against synthetic feed additives, which are known to have negative health effects on both humans and animals. This has accelerated feed probiotics market growth.
Cattle owners and producers are now more likely to choose natural options that increase the productivity of their animals as a result of the strong growth in the consumption of animal-derived products and its optimistic future growth trajectory. Such advancements are in line with the probiotics market's sustainable rise in animal feed.
US Feed Probiotics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.7 billion
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The Global Feed Probiotics Market is segmented based on type and animal type. Based on the type, the market is segmented into Lactobacillus, Bifidobacterium, Saccharomyces, Streptococcus, Enterococcus, Escherichia, and Bacillus. Based on animal type, the feed probiotics market is segmented into poultry, ruminants, swine, aquaculture, and others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Feed Probiotics Market Analysis by Type
Based on the type, the feed probiotics market is segmented into Lactobacillus, Bifidobacterium, Saccharomyces, Streptococcus, Enterococcus, Escherichia, and Bacillus. The bulk of probiotics in animal feed sold worldwide use the bacterial genera Lactobacillus and Bifidobacterium. The use of bacterial strains as growth promoters has shown to be a feasible and sustainable alternative to antibiotics. However, the use of yeast and other fungi has gained popularity; Saccharomyces cerevisiae, for example, helps animals manufacture enough protein and has shown immunostimulatory activity in addition to enhancing digestive physiology. Through the anticipated years, it is anticipated that the growing use of yeast and fungus in probiotics for animal feed would have a beneficial effect on market share. One of the most popular uses of yeast-based probiotics is in ruminant feed.
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The Asia Pacific accounted for the largest feed probiotics market share and is expected to remain the leading consumer of Feed Probiotics in the coming years. The heavy reliance on animal-based food products in dietary patterns in developing countries including the Asia Pacific, the Middle East, and Africa is a major driving force. The livestock have been under increasing pressure to produce more with less inputs.
Probiotics are used in animal feed to protect animals against enteric infections and unpleasant compounds in addition to improving the animals' general performance.
Probiotics in animal feed are expected to experience exponential growth in these emerging markets as the leading probiotics companies target them with sustainable and antibiotic-free animal nutrition products. Poultry also continues to be a highly adaptable, nutrient-dense, cost-effective, and high-quality source of protein for humans in these areas. Further two regions that are likely to dominate the probiotics market for animal feed are North America and Europe. These make up the lion's share of the probiotics used in animal feed. The use of animal feed to increase the performance of farm animals and the ban on antibiotics have both contributed to the feed probiotics market's expansion.
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Feed Probiotics Market Driver
The vital health benefits of the probiotics helps to drive the market.when it is consumed in adequate amounts, have desirable effects on the body, such as improved gut health and reduced intestinal inflammation. It also strengthen the immune system protecting the individual from various disease.
Feed Probiotics Market Restraint
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The feed probiotics market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Feed Probiotics Market Top Players' Company Profiles
Feed Probiotics Market Recent Developments
The major investments in aquaculture helps in the growth of the market. For instance investments of USDA in aquaculture for tackling the covid issues and aiding in development in disruption. This initiatives are expected to foster the growth of marine aquaculture projects, consequently amplifying the adoption of streptococcus probiotics in aquaculture feed to improve their growth performance.
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As per our analysis, based on the product type, the Lactobacillus segment is projected to hold the most substantial share in the market. Based on animal type, the poultry segment market is projected to hold the most substantial share in the market. Whereas, based on the region, the Asia-Pacific region is projected to hold the most substantial share in the market.
|Market size value in 2021||USD 2.7 billion|
|Market size value in 2030||USD 2.9 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Feed Probiotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Feed Probiotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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