BANGALORE, India, April 29,
2024 /PRNewswire/ -- Probiotics in Animal Feed
Market is Segmented by Type (Bacteria Source, Yeast Source),
by Application (Cattle, Poultry, Swine, Aquaculture).
The Global Probiotics in Animal Feed Market was valued at
USD 3897.4 Million in 2023 and is
anticipated to reach USD 5357.7
Million by 2030, witnessing a CAGR of 4.2% during the
forecast period 2024-2030.
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Major Factors Driving the Growth of Probiotics in Animal Feed
Market:
Probiotics are becoming more and more popular in the animal feed
industry due to several factors, including the trend towards
natural alternatives, regulatory support in the form of
prohibitions on the use of antibiotic growth promoters, increased
livestock production worldwide, technological and scientific
advancements that have led to the development of more effective
probiotic strains, and the practicality of probiotics as an
economical means of enhancing feed efficiency and overall animal
performance.
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TRENDS INFLUENCING THE GROWTH OF PROBIOTICS IN ANIMAL FEED
MARKET:
Probiotics are becoming more and more prevalent in animal feed
as a result of the industry's move towards sustainable and natural
options. Probiotics are preferred because they provide a natural
and environmentally friendly way to improve animal health without
using antibiotics or artificial chemicals, which is concerning
given the growing worries about the effects of conventional
agricultural methods on the environment. Because probiotics
increase feed efficiency, lower mortality rates, and improve
overall animal performance, they are beneficial economically. The
long-term economic feasibility of adding probiotics to feed
formulations is becoming recognized by livestock producers, who
benefit from higher returns on investment due to increased
production and less dependence on expensive treatments.
The rising use of probiotics in animal feed is mostly due to the
regulatory environment. Because of worries about antibiotic
resistance, several places have banned or restricted the use of
antibiotic growth promoters in animal feed. This has increased
interest in probiotics as a secure and reliable substitute for
enhancing animal development and performance. Probiotic use has
expanded as a result of the global livestock industry's development
to supply the growing demand for animal products. Probiotics are
being used by livestock farmers to increase feed conversion
efficiency, boost nutrient absorption, and lessen the harmful
effects of stress, all of which will eventually increase animal
output.
Probiotics have become increasingly popular in the animal feed
industry as a result of livestock producers' growing recognition of
the value of animal health. The increasing emphasis on preventative
care for animals has led to a surge in interest in dietary
supplements such as probiotics that support gut health, boost
immunity, and enhance general well-being.
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PROBIOTICS IN ANIMAL FEED MARKET SHARE ANALYSIS:
Due to its vast livestock base, high meat consumption, and
rising consumer knowledge of the benefits of probiotics for animal
health, Asia-Pacific held the
greatest market share for probiotics in animal feed in 2017. The
Asia-Pacific area has benefited
greatly from the contributions of major nations including
China, India, Japan,
Australia, and New Zealand. The probiotics market for animal
feed is anticipated to increase as a result of the region's rapidly
expanding dairy and meat sectors.
Key Players:
- Chr. Hansen
- Koninklijke DSM
- Lallemand
- Lesaffre
- DuPont
- Novozymes
- Calpis
- Purina
- Schouw
- Evonik
- Alltech
- Mitsui
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
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- Probiotics Gummies market was valued at USD 183.9 Million in 2023 and is anticipated to
reach USD 272.3 Million by 2030,
witnessing a CAGR of 5.7% during the forecast period 2024-2030.
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readjusted size of USD 272.3 Million
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- Feed-additive Probiotics market is projected to reach
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