Market Overview:
The globalprobioticsin animal feed market is likely to benefit from the increasing awarenessregarding animal health welfare. According to a report published by Fortune
Business Insights, titled “Probiotics in Animal Feed: Global MarketAnalysis, Insights and Forecast, 2019-2032 Theglobal probiotics in animal feed market size was valued at USD 3.56 billion in
2018 and projected to reach USD 9.46 billion by the end of 2032, exhibiting a
CAGR of 7.24% in the forecast period.
Thebenefits of probiotics in animal nutrition has created a high demand for these
products across the world. The growing emphasis on animal health and welfare
and increasing trend of commercial livestock farming has led to availability of
new products in the market place. The growing focus on research and development
in probiotics to substitute antibiotic growth promoter feed additives has led
to increasing popularity of probiotics in animal feed. The use of probiotics in
poultry farming and breeding is expected to enhance the productivity and
performance of feed products. The report states that rising uptake of
probiotics over various domains will aid the growth of the global probiotics in
animal feed market in the forthcoming years.
Companies covered in the report:
- Hansen A/S
- Danisco A/S
- Koninklijke DSM N.V.
- Lallemand Inc.
- Calpis Co
- Provita Eurotech Ltd
- Orffa International Holding B.V.
- BIOMIN Holding GmbH
- Novus International Inc.
- Evonik Industries
IncreasingApplications in Poultry Farming to Enable Growth:
The risinguptake of probiotics in poultry farming has resulted primarily from the
increasing demand for the enhanced nutritional health of inbred animals. Rising
adoption of a healthy lifestyle has created the demand for clean-label meat and
other poultry products. Fortune Business Insights has predicted that probiotics
will find increasing applications in poultry farming in the coming years. In
2019, Biomin launched the Poultrystar Hatchery Geldrop aimed at nutritional
enrichment of day old chicks. The water solubility of the product helped
overcome the food delivery barrier and this property added to the demand for
this product across the world. Fortune Business Insights tracks product
launches, similar to Biomin’s latest Geldrop and gauges the impact of such
products on the global market.
Source:https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018
Probioticsin Animal Feed Market Trends:
The probiotics in animal feed market is being shaped by several keytrends. Growing awareness of animal health is leading livestock producers to
prioritize gut health and immunity, recognizing the benefits of probiotics in
enhancing overall animal well-being. With increasing concerns about antibiotic
resistance, there's a shift toward natural alternatives like probiotics, which
promote animal health without antibiotics.
Focus on gut health is intensifying, as probiotics help balance gutmicrobiota, improve nutrient absorption, and reduce digestive disorders.
Regulatory bodies are also supporting the use of probiotics, with new
guidelines that drive compliance and growth in the market.
Advancements in research are leading to innovations in probiotic strainsand formulations, improving product stability and effectiveness. Additionally,
the use of probiotics is expanding beyond traditional livestock to include
aquaculture and other niche markets, further boosting market growth.
‘ModeratelyConsolidated’ Market – Strong Prominence of Key Global Giants:
The globalprobiotics in animal feed market is consolidated in nature, as few companies
account for a large market share. High-cost factor associated with R&D for
development of probiotic strains for commercial use limits the entry of market
players in the industry. In recent years, existing companies have been putting
in more efforts in research and development of existing products, and in doing
so they aim to strengthen their market presence. Among the several strategies
adopted by leading companies, Fortune Business Insights has identified one key
strategy that has made a positive impact on the global market. In order to
further strengthen the consolidation of industry, companies are looking to
shift their focus on emerging markets and to gain a competitive edge over their
regional and private-label counterparts. The report focuses on company
activities and business strategies similar to the aforementioned factors and
gauges their impact on the global market.
FortuneBusiness Insights has profiled some of the leading companies in the market that
have made a significant impact on the global market. Some of the leading
companies that are operating in the global probiotics in animal feed market are
Chr. Hansen A/S, Danisco A/S, Koninklijke DSM N.V., Lallemand Inc., Calpis Co,
Provita Eurotech Ltd, Orffa International Holding B.V., BIOMIN Holding GmbH,
Novus International Inc., and Evonik Industries.
KeyIndustry Development:
- In March 2019, BIOMIN launched POULTRYSTAR hatchery gel drop synbiotic for day-old chicks – it is known to deliver the synergistic action of carefully selected probiotic bacterial strains with a prebiotic that selectively stimulates beneficial bacteria that are essential for good poultry gut health.
