The global probiotics in animal feed market share is expected to reach USD 6.24 billion by the end of 2026, exhibiting a CAGR of 7.30% during the forecast. The rising awareness among cattle and pet owners regarding the benefits of probiotics on livestock’s overall performance is one of the key factors fostering the growth of the market in the forthcoming years, says Fortune Business Insights™ in a report, titled “Probiotics in Animal Feed Market Size, Share and Industry Analysis By Microbial Genus (Lactobacillus, Bifidobacterium, Yeast, and other microbes), By Application (Ruminant, Poultry, Swine, Aquaculture, Others), and Regional Forecast 2023-2028” the market size stood at USD 3.56 billion in 2018. The increasing consumption of animal-derived products along with clean-label requirement by cattle owners will facilitate the growth of the market in the foreseeable future.
Probiotics are live microorganisms that, when administered in adequate amounts, confer a health benefit on the host. In recent years, there has been increasing interest in the use of probiotics in animal feed to improve animal health, productivity, and feed efficiency.
Probiotics can help promote the growth of beneficial bacteria in the gut, which can improve digestion and nutrient absorption. They can also help to prevent the growth of harmful bacteria, reducing the risk of gastrointestinal infections and other diseases.
In addition to their health benefits, probiotics have been shown to improve animal performance. Studies have found that animals fed diets containing probiotics have improved feed conversion, weight gain, and milk production.
Probiotics can be added to animal feed in a variety of forms, including premixes, concentrates, and direct-fed microbials. The type and amount of probiotic used will depend on the animal species and the desired outcome.
Poultry Sector to Offer Lucrative Business Opportunities to the Market
The poultry sector remains one of the lucrative application areas for probiotics in the animal feed industry owing to the robust demand dynamics and equally good production scenario. Poultry flock are commonly exposed to pathogens such as Salmonella enterica, Escherichia coli, and Campylobacter jejuni owing to improper hygiene and sanitation management.
Furthermore, the growing concerns towards antibiotic resistance have prompted manufacturers to use natural options. The lactic acid bacteria (LAB) is one of the most utilized strains in the poultry feed. These factors together will promote the probiotics in animal feed market share. Additionally, swine and ruminants are expected to grow significantly in the forthcoming years owing to the increasing utilization of probiotics in animal feed containing strains such as bifidobacterium, enterococcus, lactobacillus, bacillus, prediococcus and streptococcus.
Launch of POULTRYSTAR Hatchery Gel Drop by BIOMIN to Spur Growth prospects
The announcement of POULTRYSTAR hatchery gel drop synbiotic for day-old chicks is expected to bolster healthy growth of the market in the forthcoming years. For instance, BIOMIN launched POULTRYSTAR hatchery gel drop synbiotic for day-old chicks – it is known to deliver the synergistic action of carefully selected probiotic bacterial strains with a prebiotic that selectively stimulates beneficial bacteria that are essential for good poultry gut health. Moreover, Phileo Lesaffre Animal Care launched a new generation live yeast Saccharomyces cerevisiae product (ActiSaf Sc 47 HR+) in the EU. The launch of the new generation live yeast Saccharomyces cerevisiae product is likely to boost the probiotics in animal feed market trends in the foreseeable future.
Growing Awareness Regarding Animal Health and Welfare to Propel Growth in Asia Pacific
Asia Pacific is the leading region and is expected to remain dominant during the forecast period owing to the strong reliance on animal-based food products in the dietary patterns. An ever-rising pressure on the livestock to increase the yield with limited inputs will further enable the growth of the market in Asia Pacific. The growing utilization of probiotics in animal feed as it improves the overall performance of animals as well as protects from enteric pathogens and obnoxious substances. This factor will boost the probiotics in animal feed market revenue in Asia pacific.
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