Rising Meat and Dairy Consumption to Drive Animal Feed Probiotics Sales: Fact.MR
The global animal feed probiotics market is expected to expand at a high CAGR of 9.1% during the forecast period (2022 to 2032)
Growing demand for meat and animal-based protein sources has increased the pressure on the livestock industry. Increasing life expectancy and lack of availability of resources for animal feed production are the key factors fueling the demand. Growing demand for meat and animal-based protein sources for animal feed is also aiding the growth of the market.
Rising awareness regarding the impact of the increasing consumption of probiotics in animals is a key factor fueling the demand for animal feed probiotics. According to the study, the market is fragmented. Despite the fragmentation, new players are finding big opportunities due to the product potential. Also, growing livestock production has increased the demand for animal feed and animal feed probiotics.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=2891?AS
“Manufacturers are investing heavily in the research and development of probiotics products. They are likely to increasingly focus on opportunities in feedstock production as they aim for competitive advantage,” says a Fact.MR analyst.
Key Takeaways
- Direct sales to be the most effective sales channel for animal feed probiotics, followed modern trade
- Dry form probiotics expected to hold larger market share compared to liquid form
- China is expected to be the largest market for animal feed probiotics, followed by India
- Germany to spearhead the animal feed probiotics European market, followed by France
- United States is expected to generate high demand for meat and related products, dominating North American animal feed probiotics market
- In terms of source, lactobacillus bacteria is expected to dominate the segment
- Under non-bacteria, yeast is estimated to be the largest share holder
Competitive Dashboard
Prominent manufacturers of animal feed probiotics are concentrating on releasing effective and novel products at reasonable rates to gain a greater portion of the global animal feed probiotics market.
Researchers also play an essential role in the global market as many major businesses collaborate with researchers to produce more efficient animal feed probiotics. Market participants are also attending global events and conferences to promote their products to prospective clients.
- A team of academics at Kazan Federal University in Russia stated in July 2022 that they are mixing agricultural minerals with probiotics to produce a new category of feed additives called synbiotics. These probiotics for animal feed are expected to be healthier and more eco-friendly than current probiotics.
- Terragen, an Australian firm, displayed its products at the International Greenhouse Gas and Animal Agriculture Conference in the United States in July 2022. The company displayed its product, MYLO, a probiotic that boosts productivity in dairy cows.
Market Titans
- Chr. Hansen Holding A/S
- Nestle SA
- Adisseo France SAS
- Novus International, Inc.
- Calpis Co., Ltd.
- Lallemand Inc.
- DuPont Company
- Evonik Industries AG
- Koninklijke DSM N.V.
- Kerry Group plc
- Alltech, Inc.
- Lesaffre et Compagnie, SA,
- Pure Cultures LLC
Get Customization on this Report for Specific Country:
http://www.factmr.com/connectus/sample?flag=RC&rep_id=2891?AS
In-Depth Assessment on Key Segments
- By Source :
- Bifidobacterium
- Lactobacillus
- Bacillus
- Enterococcus
- Streptococcus
- Pediococcus
- Saccharomyces
- Propionibacterium
- Yeast
- Others
- By Animal :
- Companion Animals
- Poultry
- Cattle
- Swine
- Aquaculture
- Other Animals
- By Form :
- Liquid Animal Feed Probiotics
- Dry Animal Feed Probiotics
- By Sales Channel :
- Modern Trade
- Specialty Stores
- Online Retailers
- Convenience Stores
- Direct Sales
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
More Valuable Insights on Animal feed probiotics market
Fact.MR, in its new offering, presents a detailed analysis of the global animal feed probiotics market. The study divulges essential insights on animal feed probiotics market on the basis of source (bacteria, bifidobacterium, enterococcus, lactobacillus, pediococcus, bacillus, propionibacterium, streptococcus, non-bacteria, yeast, fungal and others), animal (companion animals, livestock, poultry, cattle, swine, aquaculture, and other animals), form (liquid and dry), sales channel (modern trade, specialty stores, online retailers, convenience stores, and direct sales), and across major regions of the world (North America, Latin America, Europe, Asia Pacific excluding Japan, and the Middle East & Africa).
Key Questions Covered in the Report
- What are the key factors driving animal feed probiotics market?
- Why China is a leading animal feed probiotics market?
- How is demand for animal feed probiotics market rising?
- Which is the most preferred sales channel for animal feed probiotics market?
- What are the key challenges faced by animal feed probiotics manufacturers?
- What is the impact of Covid-19 on animal feed probiotics market?
Check out more related studies published by Fact.MR Research:
https://www.globenewswire.com/en/news-release/2023/03/30/2637359/0/en/Detox-Drinks-Revenue-is-Forecasted-to-Attain-a-US-10-Billion-by-2033-Water-based-Segment-Leads-the-Industry-Fact-MR-Report.html
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Xherald
