Probiotics in Animal Feed Industry share, Demand, Development Strategy Demographic, Geographic Segment by 2027
Probiotics
are the micro-organisms required for the growth of the animal immune system,
such as bacteria and fungi. The feed additives supplied to animals by means of
food are referred to as probiotics in animal feed. The probiotics are both
bacterial and non-bacterial. Types of bacterial probiotics include
Bifidobacterium, Lactobacillus, Pediococcus, Streptococcus, etc. Non-bacterial
probiotics are fungus and yeast, such as Aspergillus oryzae, Candida
Pintolopessi, etc. Probiotics in animal feed industry deal with the production
of probiotics, the types of probiotics available, the dosage of feed, and the
effects of digestion in animals. Probiotics are usually fed in animal food to
benefit the immune system by destroying pathogens that damage the body.
Market
Dynamics
The
market is projected to grow significantly during the forecast period due to the
growing demand for animal-based products such as milk, eggs, meat, and wool.
The shift in the livestock sector from an unorganized sector to an organized
one, owing to the increasing for animal-based products and technological
developments in the livestock industry, is anticipated to create growth opportunities
for players active in the market for animal feed probiotics. In addition,
increasing concerns about animal health and awareness of the benefits of
probiotics in animal nutrition are boosting the growth of the industry.
Moreover,
the demand for animal feed has remained stable throughout the COVID-19
pandemic. However, supply shortages in every region have built barriers to the
market. In April 2020, FEFAC (European Feed Manufacturers' Federation)
requested to issue border rules to ease the feed chain. Due to the present
limited supply, market demand among farmers has increased, benefiting market
players. Online sales have proven to play a crucial role in maintaining the
current market demand.
However,
due to the implementation of strict standards and quality standards for the use
of probiotics in animal nutrition, the market is facing challenges in its
development.
Key
Players
Some of
the leading participants in the global Probiotics in Animal Feed Industry share
are Chr. Hansen Holding A/S (Denmark), Novozymes (Denmark), Kerry Group
(Ireland), DuPont de Nemours, Inc. (US), Evonik Industries AG (Germany), Land
O'Lakes, Inc. (US), Pure Cultures (US), Bluestar Adisseo Co., Ltd. (China),
Novus International, Inc. (US), Koninklijke DSM N.V. (Netherlands), Schouw &
Co. (Denmark), Lesaffre (France), Unique Biotech (India), Lallemand Inc.
(Canada), Alltech (US)
Market Segmentation:
The global Probiotics in Animal Feed
Industry share has been segmented based on source, form, and
livestock.
Based on the source, the global market for
probiotics in animal feed has been classified as bacteria, yeast, and fungi.
The bacteria segment has further been segregated into streptococcus,
lactobacillus, bifidobacterium, and others.
Based on form, the global market for probiotics in
animal feed has been classified as dry and liquid.
Based on livestock, the global market for
probiotics in animal feed has been segregated into swine, poultry, ruminants,
aquaculture, and others.
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Regional Analysis
The global market for probiotics in animal feed has
been studied concerning four key regions—North America, Asia Pacific, Europe,
and the rest of the world.
The market in the Asia Pacific is estimated to
account for the lion’s share of global animal feed probiotics. It is predicted
to have the highest CAGR in the forecast period. The main countries driving the
growth of the regional market are India, China, Indonesia, and Vietnam. In
addition, increasing awareness among livestock farmers about the benefits of
using probiotics for livestock is also augmenting demand for animal probiotics
for feed additives in the Asia Pacific.
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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