Animal Feed Probiotics Gaining Traction in Terms of Animal Safety & Health
Companies are working towards raising the quality and safety of their products while maintaining cost-effectiveness due to the increased demand for animal feed that is nutritious and safe. Animal performance, digestion, and the immune system are all enhanced by the use of animal feed probiotics, particularly in cattle feed. Animal feed probiotics are in high demand as a result of the growing demand for animal protein and the pressure it has placed on livestock farmers to maintain adequate nutritional supplements in feeds. The demand for animal-feed probiotics will increase over the next few years as a result of regulatory scrutiny on foods produced from an animal source, such as meat, chicken, eggs, and beef, as well as consumer dislike of antibiotic-fed farm animals.
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Increasing Health Consciousness & Meat Consumption to Drive Market Growth
Factors driving this growth include an increase in industrialized livestock production as well as increased demand for probiotics for cattle and companion animals. Producers of animal feed probiotics have the best possibility of success by focusing on emerging markets, that are full of growth opportunities. India adds potential for producers to manage the dietary trends toward high-quality products among poultry and cattle farm owners while satisfying regional tastes and preferences. Spending on premium meat products is rising along with the country's significant increase in pet owners. In India's market for animal feed probiotics, these factors are expected to provide prospects for revenue development.
Recent Trends in the Animal Feed Probiotics Industry
- Adoption of probiotics is increasing in poultry and livestock farming.
- Expansion was driven by growing awareness of gut health benefits.
- Shift towards sustainable and natural additives in animal feed.
- Increasing investments in research and development of new products.
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Requirement of High Investments in R&D is a Challenge to Market Participants
Market Participants are Aiming to Gain Ground with Technological Advancements & Innovations
Axtra® PHY GOLD, the leading new phytase enzyme in the market, was expanded by DuPont (Animal Nutrition) in Malaysia, Thailand, and Australia in July 2021. Axtra® PHY GOLD was introduced in India in 2020 and will eventually be sold in other markets in the Asia Pacific. Chr. Hansen Holding A/S successfully acquired UAS Labs, LLC in July 2021, which will enhance its microbial platform and probiotics production business by expanding its product offerings and entry into the very growing market of multi-species and high-potency compositions. Terragen exhibited its products at the International Greenhouse Gas and Animal Agriculture Conference in the United States in July 2022. The company displayed MYLO, a probiotic that increases dairy cow productivity.
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Increasing Use of Probiotics to replace Antibiotics Leads to Market Expansion
There is a significant demand for animal feed probiotics due to the restrictions on the use of antibiotics in Europe and the United States as per EU & FDA. As a result, it is expected that the animal feed probiotics market will rise due to the increasing use of probiotics as an alternative to antibiotics. Governments all over the world are also implementing a number of animal health awareness projects to educate people about the value of animal probiotics. As a result, the animal feed probiotics market is expected to grow over the forecast period.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Animal Feed Probiotics Market Research Report Covers In-depth Analysis on:
- Animal feed probiotics market detailed segments and segment-wise market breakdown
- Animal feed probiotics market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in animal feed probiotics industry)
- Current, historical, and forthcoming 10 years market valuation in terms of animal feed probiotics market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Animal feed probiotics market demand analysis
- Animal feed probiotics market pricing analysis over the forecast period (by key segment and by region)
- Animal feed probiotics market regional insights witha region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in animal feed probiotics market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in animal feed probiotics market
- Animal feed probiotics market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on animal feed probiotics market forecast by countries
- Mergers and acquisitions in animal feed probiotics market
- Essential information to enhance market position
- Robust research methodology