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Probiotics In Animal Feed Market To Reach USD 8.8 Billion By 2028 | Key Players: Schouw & Co. (Denmark), Unique Biotech (India), Pure Cultures (US), and Others

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Probiotics In Animal Feed Market To Reach USD 8.8 Billion By 2028 | Key Players: Schouw & Co. (Denmark), Unique Biotech (India), Pure Cultures (US), and Others

May 05
22:30 2021
Probiotics In Animal Feed Market To Reach USD 8.8 Billion By 2028 | Key Players: Schouw & Co. (Denmark), Unique Biotech (India), Pure Cultures (US), and Others

Reports And Data
Increasing consumption of meat and meat products across along with growing focus on animal health are key drivers for revenue growth of the probiotics in animal feed market. Probiotics In Animal Feed Market size: USD 4.96 in 2020, Market Growth: CAGR of 7.4%, Market Trends: Lucrative growth opportunities for key market players due to ban on utilization of antibiotics in animal feed

The global probiotics in animal feed market size is expected to reach USD 8.8 billion by 2028 and register a CAGR of 7.4%, according to the latest report by Reports and Data. Increasing demand for dairy and meat products owing to rapidly growing population are some key factors driving overall market revenue growth. 

Probiotics are live bacteria and yeasts that are essential for enhancing overall health and nutrition in animals. Probiotics are supplements and help to boost immunity and maintain microbial gut flora of animals. There has been a major increase in demand for probiotics in animal feed due to health benefits associated with consumption. Livestock farmers are aware of the shifting focus among health-conscious consumers regarding food products they prefer, and are increasingly focusing on providing nutrient-rich food to livestock to cater to demand and drive profits.

However, international quality standards and strict norms for animal feed probiotics along with high cost for R&D activities for developing new probiotic strains is expected to limit growth of the market to some extent over the forecast period. 

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Some key highlights from the report:

  • Based on the source, the yeast & fungi segment is expected register a steady revenue CAGR over the forecast period due to easy availability of yeast-based probiotics for animals, especially ruminants and pigs. 
  • In context to form, the liquid form segment revenue is expected to expand at a steady rate during the forecast period owing to higher preference for dry form probiotics. In addition, many manufacturers are developing multi-strain liquid solutions to overcome the drawback and decrease mortality rate and dependency on antibiotics. 
  • On the basis of livestock, the aquaculture segment is expected to register a significantly rapid revenue CAGR throughout the forecast period owing to increasing demand for probiotics in aquaculture feed. Additionally, many key players are emphasizing on developing advanced probiotics for overall growth and development of aquatic animals. 
  • Asia Pacific is projected to dominate other regional probiotics in the animal feed markets and register a robust CAGR of 7.8% during the forecast period. High consumption of meat and poultry products and increasing awareness regarding benefits of utilizing probiotics in animal feed are key factors supporting growth of the probiotics in animal feed market in this region.
  • North America is expected to account for highest revenue share contribution throughout the forecast period due to growing trend of healthy food consumption, high demand for probiotics in feed industry, and rising demand for processed beef products. 
  • Key players in the global probiotics in animal feed market are Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DuPont De Nemours, Inc. (US), Evonik Industries (Germany), Land O’Lakes (US), 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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For this study, Reports and Data has segmented the global probiotics in animal feed market based on source, form, livestock, and region:

Based On Source: (Revenue, USD Billion, 2018 – 2028)

  • Bacteria
    • Lactobacillus
    • Bifidobacterium
    • Streptococcus thermophilus
  • Yeast & Fungi
    • Saccharomyces cerevisiae
    • Saccharomyces boulardii
  • Others 
    • Aspergillus oryzae 
    • Candida pintolopesii

Based On Form: (Revenue, USD Billion, 2018 – 2028)

  • Dry
  • Liquid

Based On Livestock: (Revenue, USD Billion, 2018 – 2028)

  • Swine
  • Poultry
  • Ruminants
  • Aquaculture
  • Pets
  • Others 
    • Equine 
    • Rabbit

Based On Region: (Revenue, USD Billion, 2018 – 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/probiotics-in-animal-feed-market

Table of Content:

2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
4.1.4 End Users
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Internal Rivalry
5 Market Dynamics Of The Global Probiotics In Animal Feed Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
6. Global Probiotics In The Animal Feed Market, By Source 2021 & 2028
6.1 Introduction
6.2 Bacteria
6.2.1 Market Estimates & Forecast, 2018-2028
6.2.2 Market Estimates & Forecast, By Region, 2018-2028
6.2.3 Yeast & Fungi
6.2.3.1 Market Estimates & Forecast, 2018-2028
6.2.3.2 Market Estimates & Forecast, By Region, 2018-2028
6.2.4 Others
6.2.4.1 Market Estimates & Forecast, 2018-2028
6.2.4.2 Market Estimates & Forecast, By Region, 2018-2028
7. Global Probiotics In Animal Feed Market, By Form 2021 & 2028
7.1 Introduction
7.2 Dry
7.2.1 Market Estimates & Forecast, 2018-2028
7.2.2 Market Estimates & Forecast, By Region, 2018-2028
7.3 Liquid
7.3.1 Market Estimates & Forecast, 2018-2028
7.3.2 Market Estimates & Forecast, By Region, 2018-2028
8. Global Probiotics In Animal Feed Market, By Livestock 2021 & 2028
8.1 Introduction
8.2 Swine
8.2.1 Market Estimates & Forecast, 2018-2028
8.2.2 Market Estimates & Forecast, By Region, 2018-2028
8.3 Poultry
8.3.1 Market Estimates & Forecast, 2018-2028
8.3.2 Market Estimates & Forecast, By Region, 2018-2028
8.4 Ruminants
8.4.1 Market Estimates & Forecast, 2018-2028
8.4.2 Market Estimates & Forecast, By Region, 2018-2028
8.5 Aquaculture
8.5.1 Market Estimates & Forecast, 2018-2028
8.5.2 Market Estimates & Forecast, By Region, 2018-2028
8.6 Pets
8.6.1 Market Estimates & Forecast, 2018-2028
8.6.2 Market Estimates & Forecast, By Region, 2018-2028
8.7 Others
8.7.1 Market Estimates & Forecast, 2018-2028
8.7.2 Market Estimates & Forecast, By Region, 2018-2028

9. Global Probiotics In Animal Feed Market, By Region 2021 & 2028
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2018-2028
9.2.2 Market Estimates & Forecast, By Source, 2018-2028
9.2.3 Market Estimates & Forecast, By Form, 2018-2028
9.2.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.2.5 US
9.2.5.1 Market Estimates & Forecast, 2018-2028
9.2.5.2 Market Estimates & Forecast, By Source, 2018-2028
9.2.5.3 Market Estimates & Forecast, By Form, 2018-2028
9.2.5.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.2.6 Canada
9.2.6.1 Market Estimates & Forecast, 2018-2028
9.2.6.2 Market Estimates & Forecast, By Source, 2018-2028
9.2.6.3 Market Estimates & Forecast, By Form, 2018-2028
9.2.6.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.2.7 Mexico
9.2.7.1 Market Estimates & Forecast, 2018-2028
9.2.7.2 Market Estimates & Forecast, By Source, 2018-2028
9.2.7.3 Market Estimates & Forecast, By Form, 2018-2028
9.2.7.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.3 Europe
9.3.1 Market Estimates & Forecast, 2018-2028
9.3.2 Market Estimates & Forecast, By Source, 2018-2028
9.3.3 Market Estimates & Forecast, By Form, 2018-2028
9.3.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.3.5 Germany
9.3.5.1 Market Estimates & Forecast, 2018-2028
9.3.5.2 Market Estimates & Forecast, By Source, 2018-2028
9.3.5.3 Market Estimates & Forecast, By Form, 2018-2028
9.2.5.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.3.6 UK
9.3.6.1 Market Estimates & Forecast, 2018-2028
9.3.6.2 Market Estimates & Forecast, By Source, 2018-2028
9.3.6.3 Market Estimates & Forecast, By Form, 2018-2028
9.3.6.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.3.7 France
9.3.7.1 Market Estimates & Forecast, 2018-2028
9.3.7.2 Market Estimates & Forecast, By Source, 2018-2028
9.3.7.3 Market Estimates & Forecast, By Form, 2018-2028
9.3.7.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.3.8 Italy
9.3.8.1 Market Estimates & Forecast, 2018-2028
9.3.8.2 Market Estimates & Forecast, By Source, 2018-2028
9.3.8.3 Market Estimates & Forecast, By Form, 2018-2028
9.3.8.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.3.9 Rest Of Europe 
9.3.9.1 Market Estimates & Forecast, 2018-2028
9.3.9.2 Market Estimates & Forecast, By Source, 2018-2028
9.3.9.3 Market Estimates & Forecast, By Form, 2018-2028
9.3.9.4 Market Estimates & Forecast, By Livestock, 2018-2028
9.4 Asia-Pacific

10. Company Landscape
10.1 Introduction
10.2 Market Strategy
10.3 Key Development Analysis
11. Company Profiles
11.1 Chr. Hansen Holding A/S
11.1.1 Company Overview
11.1.2 Financial Updates
11.1.3 Product/Business Segment Overview
11.1.4 Strategy
11.1.5 Key Developments
11.1.6 SWOT Analysis
11.2 Novozymes
11.2.1 Company Overview
11.2.2 Financial Updates
11.2.3 Product/Business Segment Overview
11.2.4 Strategy
11.2.5 Key Developments
11.2.6 SWOT Analysis
11.3 Kerry Group
11.3.1 Company Overview
11.3.2 Financial Updates
11.3.3 Product/Business Segment Overview
11.3.4 Strategy
11.3.5 Key Developments

Continue…

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