Animal Feed Probiotics Market
The global probiotics in animal feed market is on track to hit $6.07 billion by 2029, growing at a CAGR of 7.1% from 2022.n
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Why Is the Animal Feed Probiotics Market Expected to Be Worth $6.07 Billion by 2029?
Animal Feed Probiotics Market 2022-2029 According to the latest publication by Meticulous Research , the Animal Feed Probiotics Market is projected to reach $6.07 billion by 2029, growing at a CAGR of 7.1% from 2022. This growth is driven by several factors, including the rising demand for animal protein, the shift towards probiotics as alternatives to antibiotics, the increasing prevalence of intestinal disorders in livestock, and the expanding production of compound feed. Request for Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5288? The probiotics in animal feed market is projected to grow at a CAGR of 7.1%, reaching $6.07 billion by 2029. This growth is attributed to several factors, including the increased demand for animal protein, the growing use of probiotics as antibiotic alternatives, the rising incidence of intestinal disorders in livestock, and the increasing production of compound feed. Emerging Opportunities Amidst Regulatory Challenges The market is also benefiting from the shift toward natural growth promoters, creating lucrative opportunities for industry players. However, the market s growth may face challenges due to complex regulatory frameworks that govern probiotic use in animal feed products, potentially hindering expansion. Bacteria Segment Leads Market by Source The probiotics in animal feed market is segmented by source, with bacteria and yeast being the primary categories. In 2022, the bacteria segment is expected to hold a larger market share. The popularity of bacterial probiotics is driven by their efficacy as sustainable alternatives to antibiotics, coupled with increasing consumer awareness regarding feed quality. Additionally, bacteria-based probiotics are known for their role in enhancing digestion, improving animal performance, and boosting the immune system. Rising adoption among farmers and pet owners is expected to fuel the demand for bacterial strain probiotics. Aquaculture: A High-Growth Segment Within the animal type segmentation, the aquaculture segment is projected to experience the highest CAGR. The increasing use of probiotics in supporting the growth, health, and performance of farmed fish and shrimp is driving this sector's growth. Probiotics are also playing a critical role in maintaining the safety and health of aquatic animals, contributing to the consistent rise of the aquaculture industry. Form Segmentation: Liquid Probiotics in Demand In terms of form, the liquid probiotics segment is anticipated to account for a larger share in 2022. Liquid probiotics offer advantages such as quick absorption, easy digestion, and enhanced optimization, making them a preferred option in animal feed applications. Page 1 of 3 Meticulous Research| sales@meticulousresearch.com
Animal Feed Probiotics Market 2022-2029 Asia-Pacific to Lead Market Growth Regionally, the Asia-Pacific market is expected to grow at the fastest pace during the forecast period. This growth is primarily due to increased awareness about animal diseases, a high level of poultry and cattle production in key countries such as China and India, and growing innovations in probiotic formulations. Moreover, the demand for safe and nutritional feed and stricter regulations on the use of antibiotics in feed supplements further contribute to the region s market potential. Market Leaders The leading players in the probiotics in animal feed 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
