Key Trends Shaping the Probiotics in Animal Feed Market

20/mar/2020 07:29:12 MarketsandMarkets Contatta l'autore

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The report  " 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 " , The global probiotics in animal feed market is estimated to be valued at USD 4.6 billion in 2019 and is projected to reach about USD 7.0 billion by 2025, at a CAGR of 7.4%. The growth of this market is attributed to the rise in demand for functional animal feed products in emerging economies such as Asia Pacific and RoW.

Probiotics in Animal Feed Market

By livestock, the poultry segment is projected to dominate the probiotics in animal feed market during the forecast period.

By livestock, the probiotics in animal feed market is subsegmented into poultry, swine, ruminants, aquaculture, pets, and others. The poultry segment is projected to dominate the probiotics in animal feed market during the forecast period. The Asia Pacific region is expected to be a major revenue pocket in the coming years. The region is backed by a large population base with an increase in a number of urbanized population opting for protein-rich food options with poultry products such as eggs and meat. This is expected to increase the demand for probiotics in the poultry industry.

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By source, the bacteria segment is projected to dominate the probiotics in animal feed market during the forecast period.

Bacteria strains such as lactobacilli, bifidobacteria, and Streptococcus thermophilus are used in the animal feed industry, owing to its health benefits such as the promotion of gut health and increased productivity, immunity, and overall performance of the animals. Several companies and research organizations are performing R & D to develop these strains for both animal and human consumption.

Opportunity: Ban on the use of AGPs (Antibiotic feed promoters) in animal feed

In 2006, the European Union (EU) implemented a ban on the use of antibiotics in animal feed. Antibiotic growth promoters (AGP) are chemicals / drugs that are added to animal feed to improve growth and the quantity of animal produces. According to the EU, the use of these drugs led to the development of antibiotic-resistant microbes to treat infections in humans and animals.

Following this ban by the EU, the use of antibiotics declined in many countries around the globe, especially in countries such as China, India, and the US due to their overexploitation or misuse. In January 2017, the US Food and Drug Administration (USFDA) banned the usage of antibiotics as feed supplements to help livestock and poultry grow faster. The new regulations also state that the over-the-counter sales of antibiotics used in feed is prohibited.

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The Asia Pacific region is projected to dominate the market through the forecast period

In 2018, the Asia Pacific region led the global probiotics in animal feed market. Factors such as a large livestock base, high meat consumption, and increasing consumer awareness about the positive impact of probiotics on animal health are driving the Asia Pacific market. Some of the countries contributing to the growth of this region include China, India, Japan, Australia, and New Zealand.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the probiotics in animal feed market. It includes the profiles of leading companies such as Chr. Hansen (Denmark), Koninklijke DSM NV (Netherlands), DowDuPont (US), Evonik Industries (Germany), Land OLakes (US). Other players include Lallemand (Canada), Bluestar Adisseo Co. (China), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Schouw & Co. (Denmark), Unique Biotech (India), Pure Cultures (US), Kerry (Ireland), and Mitsui & Co., Ltd. (Japan).

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