Global Feed Probiotics Market Size, Share, Growth Analysis, By Type(Lactobacillus, Bifidobacterium), By Animal Type(Poultry, Ruminants) - Industry Forecast 2023-2030

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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).

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. 'Chr. Hansen Holding A/S', 'Dupont de Nemours, Inc.', 'Koninklijke DSM N.V.', 'Lallemand Inc.', 'Novozymes A/S', 'Lesaffre & Cie', 'Bio-Vet, Inc.', 'BioResource International, Inc.', 'Adisseo France SAS', 'Alltech, Inc.', 'Archer Daniels Midland Company', 'Biomin Holding GmbH', 'Kemin Industries, Inc.', 'Evonik Industries AG', 'Cargill, Inc.', 'Provita Eurotech Limited', 'Pure Cultures, LLC', 'Novus International Inc.', 'Nutreco N.V.', 'Danisco Animal Nutrition (a subsidiary of Dupont de Nemours, Inc.)'

Large-scale livestock raising contributes to the largest market for products derived from cattle. In addition to aiding in food production, farm animals serve important economic and social roles. Many small-scale farmers around the world still rely on cattle for their livelihoods. According to the Food and Agricultural Organization (FAO), the livestock business provides 1.3 billion people with a living and accounts for close to 40% of global agricultural output in developed nations and 20% in developing ones. In addition, the livestock industry provides 34% of the world's protein needs.

Due to favorable demand dynamics and equally solid production conditions, the poultry industry continues to be one of the most attractive application areas for probiotics in the animal feed business. However, due to poor hygiene and sanitation management, poultry flock are frequently exposed to infections such Salmonella enterica, Escherichia coli, and Campylobacter jejuni. The development of natural alternatives has been encouraged by the rising worries about antibiotic resistance. Lactic acid bacteria (LAB), one of the most common strains in poultry feed, has an impact on the market for probiotics in animal feed. The use of probiotics in animal feed includes strains of Bifidobacterium, Enterococcus, Lactobacillus, Bacillus, Pediococcus, and Streptococcus has expanded in the swine and ruminant sectors as well.

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.

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Global Feed Probiotics Market Size, Share, Growth Analysis, By Type(Lactobacillus, Bifidobacterium), By Animal Type(Poultry, Ruminants) - Industry Forecast 2023-2030

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