What is Animal Feed Probiotics Market?
Animal Feed Probiotics are utilised widely in animal feed, particularly in the production of pigs and poultry, as growth and health stimulators. Probiotics are a live microbial feed additive that improves the intestinal balance of the host animal. Fast benefits, such as improved weight growth and feed conversion, are the goals of probiotic supplementation in modern animal husbandry. Rapidly expanding meat industry and the growing global demand for high protein enriched meat based meal has led to the growth of the animal feed probiotics market. Similarly, the increasing disposable income too has had indirect positive effects on the animal feed probiotics due to rising need for faster weight growth. Apart from that several animal feed probiotics are said to help in improving the immunity of animals thus helping them fight of infectious diseases which are quite prevalent in animal husbandry. Dairy animals too offer higher milk yield and better milk quality with the consumption of animal feed probiotics. Asia Pacific region currently accounts for largest market share.
Highlights from Animal Feed Probiotics Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Koninklijke DSM N.V. (Netherlands), Du Chr. Hansen (Denmark), Mitsui and Co., Ltd. (Japan), Evonik Industries AG (Germany), DuPont Inc. (United States), Land O'Lakes, Inc. (United States), Lesaffre (France), Novozymes A/S (Denmark), Calpis Co., Ltd. (Japan) and Alltech (United States) |
With the increasing population and the rising disposable income of people around the world, the demand for high protein comprised meat based meal has risen. This has led the animal husbandry businesses demanding high quality animal feed, animal nutrients and animal probiotics for better immunity, faster growth, and higher resistance to infectious diseases. Globally, Asia Pacific region leads the animal feed probiotics market.
Koninklijke DSM N.V. (Netherlands), Du Chr. Hansen (Denmark), Mitsui and Co., Ltd. (Japan), Evonik Industries AG (Germany), DuPont Inc. (United States), Land O'Lakes, Inc. (United States), Lesaffre (France), Novozymes A/S (Denmark), Calpis Co., Ltd. (Japan) and Alltech (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Unique Biotech Ltd. (India), Ohly (Germany) and Pure Cultures LLC (United States). Animal Feed Probiotics Market Segmentation:
Scope | Sub-Segments |
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Form | Dry,Liquid |
Distribution Channel | Direct,Indirect |
Livestock | Ruminants,Poultry,Swine,Aquaculture,Pets,Others |
Source | Bacteria {Lactobacilli, Streptococcus Thermophiles, Bifidobacteria and Others},Yeast and Fungi {Saccharomyces Cerevisiae, Saccharomyces Boulardii and Others},Others |
On the basis of geography, the market of Animal Feed Probiotics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Swine and Poultry Account for Largest Market Segment
Market Growth Drivers:
Increase in Meat Consumption Worldwide and Rising Demand for High Source of Protein Enriched Meal
Challenges:
Presence of Large Number of Players in Market
Restraints:
Growing Push towards Veganism and Presence of Adulterated Products in Market
Opportunities:
Strategic Acquisitions can Present Opportunity to Expand
Key Target Audience
Animal Feed Probiotics Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
Market Leaders & Development Strategies
In 2020, Koninklijke DSM N.V., a Dutch multinational corporation operating in the field of health, nutrition and materials has announced acquisition of Erber Group, which is an Austria based group of companies specialised in food and feed safety as well as natural feed additives. Erber group owns Biomin and Romer Labs which manufacture animal feed enzymes, adsorbents, phytogenic and mineral feed additives, probiotics, and acidifiers among other products. The acquisition is said to be in line with DSM’s shift in focus to ingredients for nutrition and health markets.
In 2018, Archer-Daniels-Midland Company, a United States based multinational food corporation has announced acquisition of Probiotics International Limited, which is a British manufacturer of innovative research-based, natural healthcare and probiotic supplements for human, pet and production-animal use. The acquisition deal is valued at USD 253.5 million. The expansion of Protexin’s high-quality probiotic products and its extensive distribution network is expected to stimulate high growth for ADM’s Health & Wellness business.