Probiotics in Animal Feed Market

New Revenue Pockets: The Shift Toward Natural Growth Promoters Over Antibiotic Growth Promoters (Agps) is Aiding the Growth of the Probiotics in Animal Feed Market

The global probiotics in animal feed market is estimated to be valued at USD 4.6 billion in 2019 and is projected to reach USD 7.0 billion by 2025, at a CAGR of 7.4%. The demand for probiotics in animal feed is increasing, owing to the growth in the consumption of animal-based products, the shift of the livestock industry from being an unorganized sector to an organized one, and the increased focus on animal health to prevent disease outbreaks.

The probiotics in animal feed market, by livestock, constitute; poultry; swine; ruminants; aquaculture; pets; and others, which include equine and rabbits. The market for probiotics in aquaculture is growing due to the increased demand for dietary animal protein. Many breeders are also experimenting on probiotics, which could cater to the all-round growth and development of aquatic animals.

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By form, the probiotics in animal feed market is segmented into dry and liquid form. The dry form of probiotics in animal feed held a larger market share in 2018 due to factors such as lower storage cost for feed manufacturers and longer shelf-life of feed products, as opposed to liquid probiotics, the high moisture content of which often leads to uncontrolled culturing, which ultimately affects the quality of the feed.

Based on source, the probiotics in animal feed market is segmented into bacteria, and yeast & fungi. The survival rates of bacterial strains within the gastrointestinal tract of animals is much higher than that of yeast. Hence, it is more effective in the production of probiotics in animal feed. 

The ban on the use of antibiotic growth promoters (AGPs) in animal feed, implementation of innovative animal husbandry practices to improve the quality of meat, and the shift towards natural growth promoters are proving to be opportunities in the probiotics in animal feed, even though the high R&D costs for the development of new probiotic strains poses a challenge in the industry.

The major players in the probiotics in animal feed market are focusing on new product launches, expansions & investments, acquisitions, and agreements & partnerships to increase their global footprints.

Related Reports:

Probiotics in Animal Feed Market by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria [Lactobacilli, Streptococcus Thermophilus, Bifidobacteria] and Yeast & Fungi), Form (Dry and Liquid), and Region - Global Forecast to 2025

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Report Code
AGI 3616
RI Published ON
4/4/2019
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