The animal feed probiotics market valuation is poised to surpass USD 390 million by 2030, as reported in a research study by Global Market Insights Inc.
Animal feed probiotics market value from the lactobacilli product segment is projected to reach USD 240 million by 2030. This probiotic is incorporated into feeds to maintain colonization resistance and microbial flora and increase the feed conversion ratio. Several food regulatory authorities are also implementing programs to strengthen the food supply chain. The USDA, for example, announced funding worth USD 21.9 million through the Meat and Poultry Inspection Readiness Grant Program in 2022. Since lactobacilli is used in poultry and pig diets to boost health, this increased funding will drive the demand for these animal feed probiotics market demand.
Growing consumption of ready-to-eat meats will stimulate the requirement for animal feed ingredients such as probiotics. Consumers are shifting their preference from home-cooked to convenient foods, including meats. In the European Union, over 64.14% of the total population between 15-64 years of age, a majority of whom are working-class, consume ready-to-eat meats outside the house. Such factors will likely augment the production of probiotics to support the health and well-being of food-producing animals.
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The aquaculture segment is expected to proliferate substantially by 2030 ascribed to the inclination to consume more seafood is increasing the demand for nutrient-rich aquaculture feed to attain high-quality marine livestock. On the other hand, the equine segment is anticipated to register positive valuation through the assessment years driven by the increasing trend of pet parenthood.
The Europe animal feed probiotic market is set to experience robust growth rate over the review timeline attributed to the growing regional demand for seafood. The other factors impacting European revenues are the introduction of new technology and the inclusion of healthy components in animal feed.
The Middle East & Africa animal feed probiotic industry is set to amass significant profits by 2030 since the expansion of other industries has increased demand for fish food while lowering total costs and enhancing global consumer access to seafood. Industry demand has fueled investment growth with a goal of creating better, safer technology.
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Some of the leading companies operating in the animal feed probiotics market Koninklijke DSM N.V., ADM, DuPont, LAND O’ LAKES, Evonik Industries, Novus International, Inc., Arm & Hammer Animal Nutrition, OHLY, Provita Eurotech Ltd., Kemin Industries Inc, CHR. HANSEN, and Altech
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1.1 Animal Feed Probiotics industry 3600 synopsis, 2017 – 2030
2.1.2 Business trends
2.1.3 Product trends
2.1.4 livestock trends
2.1.5 Regional trends
Chapter 3 Animal Feed Probiotics Market Industry Insights
3.1 Industry segmentation
3.2 COVID-19 impact on world economy
3.3 Industry ecosystem analysis
3.4 Vendor Matrix
3.4.1 Distribution channel analysis
3.5 Regulatory landscape
3.6 Raw material analysis
3.7 Technology landscape
3.8 COVID-19 impact on pricing analysis
3.8.1 Regional pricing analysis
3.8.2 Cost structure analysis
3.9 Industry impact forces
3.9.1 Growth drivers
18.104.22.168 North America: Increasing in the production of compound feed
22.214.171.124 Europe: Growing consumer demand for convenience and ready-to-eat meat products
126.96.36.199 Asia Pacific: Increase in incidences of intestinal disorder among livestock
3.9.2 Industry pitfalls & challenges
3.10 Innovation & Sustainability
3.11 Growth potential analysis, 2021
3.12 Emerging business model
3.12.1 Collaborations/Joint Ventures
3.12.3 New product launch
3.13 Porter’s analysis
3.14 PESTEL analysis
3.15 COVID-19 impact on animal feed probiotic market, by livestock
3.15.5 Pet food
3.16 Impact of Russia-Ukraine war on animal feed probiotic market
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