Probiotics in Animal Feed Market Research Report - Global Forecast till 2024

Global Probiotics in Animal Feed Market Research Report: Information by Source (Bacteria and Yeast and Fungi), Form (Dry and Liquid), Livestock (Swine, Poultry, Ruminants, Aquaculture and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024

ID: MRFR/AGR/6655-HCR | February 2021 | Region: Global | 90 pages

Market Scenario
Global Probiotics in Animal Feed Market is expected to garner a revenue of USD 6.5 billion by 2024 and register a CAGR of 7.5% during the forecast period of 2019 to 2024. The market is expected to register impressive growth during the forecast period owing to the increasing demand for animal-based products such as eggs, milk, meat, and wool. A shift in the livestock industry from the unorganized sector to the organized one, due to the increasing demand for animal-based products and technological developments in the livestock industry, is expected to create growth opportunities for the players active in the animal feed probiotics market. Additionally, rising concerns regarding animal health and awareness about the benefits of probiotics in animal nutrition are contributing to the growth of the market. However, the market is facing hurdles in its growth due to the implementation of stringent norms and quality standards regarding the use of probiotics in animal nutrition.
Segmentation
The global probiotics in animal feed market has been segmented based on source, form, livestock, and region.
By source, the global market has been classified as bacteria and yeast and fungi. The bacteria segment has further been segregated into Streptococcus, Lactobacillus, Bifidobacterium, and others.
Based on form, the global market has been classified as dry and liquid.
The global market has also been segregated, on the basis of livestock, into swine, poultry, ruminants, aquaculture, and others.
The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American probiotics in animal feed industry has further been segmented into the US, Canada, and Mexico.
The European probiotics in animal feed industry has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The probiotics in animal feed industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The probiotics in animal feed market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players

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)

Regional Market Summary
Global Probiotics in Animal Feed Market Share (%), by Region, 2018  
Source: Secondary Sources and MRFR Analysis
The market in Asia-Pacific is projected to account for the lion’s share of the global probiotics in animal feed market and is expected to register the highest CAGR during the forecast period. The major countries contributing to the growth of the regional market are India, China, Indonesia, and Vietnam. Moreover, increasing awareness among livestock growers regarding the benefits of using probiotics for livestock is also boosting the demand for animal probiotics feed additives in Asia-Pacific.
Global Probiotics in Animal Feed Market, by Source

Bacteria

Streptococcus
Lactobacillus
Bifidobacterium
Others

Yeast and Fungi

Global Probiotics in Animal Feed Market, by Form

Dry
Liquid

Global Probiotics in Animal Feed Market, by Livestock

Swine
Poultry
Ruminants
Aquaculture
Others

Global Probiotics in Animal Feed Market, by Region

North America

US
Canada
Mexico

Europe

Germany
France
Italy
Spain
UK
Rest of Europe

Asia-Pacific

Japan
China
India
Australia and New Zealand
Rest of Asia-Pacific

Rest of the World (RoW)

South America
Middle East
Africa

Intended Audience

Animal feed manufacturers
Animal feed exporters and importers
Probiotic suppliers
Livestock associations
Animal health and nutrition organizations
Livestock farmers



Frequently Asked Questions (FAQ) :


Probiotics in animal feed market is projected to grow at approximately 7.5% CAGR during the assessment period (2019-2024).

Probiotics in animal feed market is estimated to reach a valuation of approx. USD 6.5 BN by the end of 2024.

Based on source, the bacteria segment, based on form, the dry segment and based on livestock, the poultry segment holds the major share the global probiotics in animal feed market.

Asia Pacific holds the largest share in the global Probiotics in animal feed market, followed by North America and Europe, respectively.

Bluestar Adisseo Co., Ltd. (China), DuPont de Nemours, Inc. (US), Kerry Group (Ireland), Unique Biotech (India), Land O'Lakes, Inc. (US), Evonik Industries AG (Germany), Pure Cultures (US), Koninklijke DSM N.V. (Netherlands), Alltech (US), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Novozymes (Denmark), Novus International, Inc. (US), Schouw & Co. (Denmark), and Lesaffre (France), are some of the top players operating in the global Probiotics in animal feed market.

Probiotics Animal Feed Market