The report offers actionable and valuable insights on the Animal Feed Probiotics market. The latest report by Fact.MR provides details on the present scenario of the Animal Feed Probiotics market across various regions along with the historic data and forecast of the Animal Feed Probiotics market. The report also includes information on the sales and demand of Animal Feed Probiotics across various industries and regions. Market dynamics including latest trends, challenges, growth opportunities, and drivers for is also provided in the Animal Feed Probiotics market report.
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Probiotics are sourced from bacteria such as enterococcus, lactobacillus, pediococcus, and bacillus, and non-bacteria yeast and fungi. These are given to animals to improve the gut, digestion, and overall health. Growing consumption of meat and dairy products has led to tremendous demand for animal feed probiotics in recent years.
Rise in human population has propelled demand for livestock and the need for additional supplements in the diet for companion as well as livestock animals for appropriate nutrition, owing to which, production and consumption of animal feed probiotics has been amplified.
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Analyzing consumer spending behavior, increase in disposable income, consciousness towards health and food, and other key factors will strengthen demand for animal feed probiotics over the coming years, which will generate a billion dollar opportunity for new as well as existing market players.
As per Fact.MR’s analysis, the global animal feed probiotics market is set to expand at a healthy CAGR of close to 7% over the forecast period of 2024 to 2031.
Key Takeaways from Market Study
- The global animal feed probiotics market is anticipated to add 2X value by 2031 as compared to 2024.
- Lactobacillus bacteria captures a governing share of the market, and is set to create over a billion dollar opportunity over the long-term forecast period.
- Companion animals is the fastest growing segment and will acquire nearly one-sixth market share by 2031.
- APEJ is set to dominate market revenue in 2024, and is expected to gain 327 BPS in its market share by 2031.
- Modern trade is anticipated to lose around 272 BPS over the forecast period of 2024-2031.
- China, India, Germany, and the United States of America are key countries dominating demand for animal feed probiotic products.
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“Demand for animal feed probiotics is set to grow in accordance with regional policies and livestock animal industry tunes,” says a Fact.MR analyst.
Fragmented High Potential Market: Competition Tuning Factor
Key manufacturers of animal feed probiotics are Adisseo France SAS, Calpis Co., Ltd., Chr. Hansen Holding A/S, DuPont Company, Evonik Industries AG, Nestle SA, Novus International, Inc., Koninklijke DSM N.V., Lallemand Inc., Alltech, Inc., Lesaffre et Compagnie SA, Kerry Group plc, and Pure Cultures LLC. The market is fragmented in nature, and most of the big players are positioned in Asia Pacific and Europe.
Growing demand for animal feed probiotics has allowed the market valuation to grow rapidly in the past half-decade. Despite market fragmentation, higher potential of the product will attract new players into the market over the coming years.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global animal feed probiotics market, presenting historical demand data (2016-2020) and forecast statistics for 2024-2031. The study divulges essential insights on the market based on animal feed probiotics products source under bacteria [bifidobacterium, enterococcus, lactobacillus, pediococcus, bacillus, propionibacterium, streptococcus, and others] and under non-bacteria [yeast and fungal]), animal (companion animals, livestock [poultry, cattle, swine, aquaculture, and other animals]), form (liquid and dry), and sales channel (modern trade, specialty stores, online retailers, convenience stores, and direct sales), across major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Rest of the World).
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The Animal Feed Probiotics Market research answers important questions, including the following:
- Why Animal Feed Probiotics Market players are focusing on the business expansion in region?
- Which regulatory authorities have granted approval to the application of Animal Feed Probiotics Market
- What are the pros and cons of the Animal Feed Probiotics Market the environment?
- Why players are targeting the production of segment?
- What are the strategies implemented by emerging players in the global Animal Feed Probiotics Market?
The Animal Feed Probiotics Market report serves the readers with the following data:
- In-depth analysis of supply-side and demand-side trends.
- Direct and indirect impacts of the growth of relevant markets on the Animal Feed Probiotics
- Importance of segment in various regions.
- Accurate Y-o-Y growth of the global Animal Feed Probiotics
- Consumption trends among individuals across the globe.
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