Animal Feed Probiotics Market
According to projections, the Probiotics in Animal Feed Market will reach $6.07 billion by 2029, with an annual growth rate of 7.1% from 2022 to 2029.n
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What Factors Will Drive the Animal Feed Probiotics Market to Reach $6.07 Billion by 2029?
Animal Feed Probiotics Market 2023-2030 The Animal Feed Probiotics Market by Source (Bacteria [Lactobacillus, Bifidobacterium, Streptococcus thermophilus, Bacillus]), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animals), Form (Liquid), and Geography Forecast to 2029' report forecasts the market to reach $6.07 billion by 2029, growing at a CAGR of 7.1% from 2022 to 2029. Probiotics are increasingly integrated into animal feed to improve gastrointestinal health and overall animal performance. Request for Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5288? Driving Factors The surge in awareness about the benefits of probiotics among animal owners and farmers is a key factor driving market expansion. Probiotics are widely used in commercial animal feed to enhance animal health by balancing gut flora. This growing trend highlights a shift towards more health-focused feed solutions in the industry. Industry Trends The demand for high-quality and safe animal feed has encouraged manufacturers to enhance their products while maintaining affordability. Probiotics are known to improve digestion, performance, and immunity in animals, particularly in cattle feed. This demand is bolstered by the global production of compound feed, which has reached 1 billion tons annually. COVID-19 Effects The COVID-19 pandemic had a significant impact on the animal feed probiotics market, disrupting supply chains and affecting public health. The decline in meat exports and logistical challenges, including reduced air freight capacity and port congestion, negatively impacted the market. The pandemic led to decreased consumption of meat products and, consequently, lower demand for probiotics in animal feed. Segment Insights The yeast segment is poised for significant growth due to increased regulations on antibiotic use in animal feed. Yeast-based probiotics enhance fiber digestibility and animal performance, which benefits milk and egg production. In 2022, the poultry sector dominated the market due to rising consumption and demand for antibiotic-free poultry products. Geographical Overview Asia-Pacific is projected to lead the market due to its substantial poultry and cattle meat production, heightened consumer awareness, and ongoing innovations in probiotics. The Page 1 of 3 Meticulous Research| sales@meticulousresearch.com
Animal Feed Probiotics Market 2023-2030 region s market dominance is driven by the increasing need for safe, nutritious animal feed and stringent regulations on antibiotics. Major Players Key players in the animal feed probiotics market include The Archer-Daniels-Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Dupont de Nemours, Inc. (U.S.), Evonik Industries AG (Germany), Koninklijke DSM N.V. (Netherlands), Orffa International Holding B.V. (Netherlands), Novozymes A/S (Denmark), Kemin Industries (U.S.), and Provita Eurotech Ltd (U.K.). 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
