The global Probiotics in Animal Feed Market was valued at USD 4.4 billion in 2020. It is estimated to reach about USD 4.8 billion in 2021 and is projected to grow at a CAGR of 8.8%, to reach USD 7.3 billion by 2026. The demand for probiotics in animal feed in fortified foods is projected to remain high due to the increasing awareness about their benefits, and willingness of consumers to purchase premium products incorporated with probiotics in animal feed. The use of probiotics in animal feed has shown positive effects on overall animal health. The market for poultry has been increasing gradually over the past decade with the growing demand for egg and poultry meat across the globe.
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Opportunities: Innovations and technological advancements in the feed industry
Innovations have been a key focus area in the feed industry, particularly for additives, wherein regulatory bodies, such as the European Food Safety Authority (EFSA) and Food and Drug Administration (FDA), are constantly engaged in research and identification of sustainable feed additives. To meet the growing demand, feed manufacturers are offering the best ingredients and technologies to develop innovative additive combinations. Based on the insights received from the field studies, ~70% of feed manufacturers have begun combining different feed additives to benefit from the combined results. This increased dependence on innovations in the additives industry has also led to an increase in the number of on-farm testing sessions conducted.
The poultry segment is projected to be the largest revenue contributor in the probiotics in animal feed market during the forecast period.
The poultry segment is accounted to hold the largest share of the probiotics in animal feed market in 2020. Probiotics help improve the efficiency of feed and also enhance the feed intake among poultry. Probiotics are particularly important at a relatively young age for poultry as they help in stabilizing the intestinal bacteria, which are usually not present in chickens. These factors are contributing to the growth of probiotics in poultry segment.
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The Asia Pacific is projected to account for the largest market size during the forecast period.
The Asia Pacific is a dominant region in the global probiotics in animal feed market. Some factors that influence the market share include the presence of key players in the regions and awareness about the benefits of using probiotics in animal feed. The Asia Pacific region has diverse livestock breeds that can search and consume locally available feeds and are disease-resistant; however, they have lower productivity. Therefore, there is growing demand for probiotics in animal feed. The companies have a strong presence in Europe and the Asia Pacific, and also have manufacturing facilities across these regions and a strong distribution network.
This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the probiotics in animal feed market. It includes profiles of leading companies such as Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DuPont (US), Evonik Industries (Germany), Land OLakes (US), Mitsui & Co., Ltd. (Japan), Ohly (Denmark), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Unique Biotech (India), and Pure Cultures (US).
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