The poultry probiotic ingredients market is poised for robust growth on the back of burgeoning demand for safe and natural growth promotors for poultry. Over the years, the demand for poultry ingredients has increased significantly due to the growing inclination towards cost-effective and natural feed additives.
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The product has gained significant prominence in the poultry arena as a feed additive on account of its ability to improve immunity against pathogens and maintain proper microbial flora. Besides, industry participants are investing heavily in launching new products to attract customers, which in turn will accelerate the poultry probiotic ingredients market growth over the forecast period. As per Global Market Insights Inc., the poultry probiotic ingredients market size is expected to value at USD 120 million by 2026.
It is pivotal to mention that the probiotic ingredients market will record significant growth on account of favorable regulatory norms. The product is widely defined as ‘direct fed microorganic’ and considered safe to consume. Numerous regulatory agencies like the US FDA are encouraging their usage for food and animal feed applications. Probiotics are produced from natural microbes that are not only safe for human consumption, but also do not cause any side effects if used in making food products.
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The poultry probiotic ingredients market is essentially gaining traction from broiler applications. Studies suggest that the broiler segment is expected to exceed a revenue of USD 80 million by 2026. This growth can be attributed to growing livestock farmers’ awareness towards low usage of Antibiotic Growth Promotors. Meanwhile, the chicks & poults application segment is expected to record more than 5% CAGR by 2026 as they are extensively used to improve gut health and immunity of livestock.
On the regional front, Latin America is expected to offer lucrative growth opportunities for the poultry probiotics market. Studies suggest that the region is expected to record a 4.5% CAGR over the forecast period. This growth can be attributed to the increasing adopting of meat in the consumer diet. The growing trend of consuming protein reach diets in emerging nations such as Brazil is likely to increase the demand for meat & meat products, which in turn will accelerate the poultry probiotic ingredients market growth. Besides, favorable climatic conditions coupled with increasing awareness about animal feed additives accompanied by the burgeoning need for cost-efficient animal nutrition solutions for improved livestock health may further accelerate industry growth. Moreover, an increase in chicken meat consumption among customers is likely to further accelerate industry growth over the ensuing years.
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Based on the competitive landscape, it is pivotal to mention that the poultry probiotic ingredients market has a robust presence of industry participants. These companies are investing heavily in research and development to develop innovative products and strengthen their market position. Citing an instance to highlight the same, DSM introduced RONOZYME HiPhos which significantly increases live weight gain as well as feed conversion in poultry. This product is also known to reduce feed costs, environmental impact, and lower levels of inorganic phosphorous in diets. Aided by initiatives like the aforementioned, it comes as no surprise that the poultry probiotic ingredients market will record lucrative growth over the forecast period.
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Related Report from Other Source: Poultry Probiotic Ingredients Market worth $120 million by 2026, Says GMI
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