Animal Feed Probiotics Market
The probiotics in animal feed market is projected to reach $6.07 billion by 2029, experiencing a compound annual growth rate (CAGR) of 7.1% from 2022 to 2029.
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What research and development activities are prominent in the Animal Feed Probiotics market?
Animal Feed Probiotics Market 2023-2030 Meticulous Research recently released an in-depth report predicting that the global animal feed probiotics market will reach $961.2 billion by 2030, with a CAGR of 4.6% from 2023 to 2030. The market's growth is fueled by the increasing commercialization of livestock, the rising demand for animal-based products, and intensified research and development activities in the animal feed sector. However, fluctuations in raw material prices could hinder market growth. Nonetheless, the growing awareness about animal health presents promising opportunities for market players. Request for Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5288 The global animal feed market's key players include Charoen Pokphand Foods PCL (Thailand), New Hope Liuhe Co., Ltd. (China), Cargill, Incorporated (U.S.), Brf S.A. (Brazil), Tyson Foods, Inc. (U.S.), Nutreco N.V. (Netherlands), Archer-Daniels-Midland Company (U.S.), Alltech Inc. (U.S.), ForFarmers N.V. (Netherlands), De Heus Animal Nutrition (Netherlands), Royal Agrifirm Group (Netherlands), and Guangdong HAID Group Co., Ltd. (China). Market Segmentation: Type: The market is divided into compound feed, feed concentrates, and roughages. In 2023, compound feed is expected to dominate due to its higher price and demand among livestock farmers and pet owners for better nutrition, aiding in faster and healthier growth. The feed concentrates segment is anticipated to grow at the highest CAGR. Source: The market includes plant-based, animal-based, fodder & DDGS, and novel sources. In 2023, plant-based feed is predicted to lead the market owing to the abundant raw material availability, cost-effectiveness, and wide acceptance. However, novel sources are expected to grow rapidly due to their high nutritional value, government approvals, and the need for new protein sources to meet increasing global demand. Form: The market comprises dry feed and wet feed. In 2023, dry feed is expected to hold the largest share, thanks to its handling convenience, storage benefits, longer shelf life, lower cost, nutrient stability, controlled feeding, and higher nutritional density. This segment is also projected to grow at the highest CAGR, driven by demand from the poultry sector and increased commercial livestock production. Animal Type: The market is segmented into poultry, ruminants, swine, aquaculture, and others. In 2023, the poultry segment is expected to dominate due to the growing Page 1 of 3 Meticulous Research| sales@meticulousresearch.com
Animal Feed Probiotics Market 2023-2030 demand for poultry meat, cost advantages, expansion projects, and consumer preference for white meat over red meat. Geography: Asia-Pacific is set to account for the largest market share in 2023, driven by increased meat and animal product consumption, high milk production, livestock farming growth, and the presence of major animal feed producers. Buy Now: https://www.meticulousresearch.com/Checkout/12101755 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 3 Meticulous Research| sales@meticulousresearch.com
