Probiotics in Animal Feed Market

Probiotics in Animal Feed Market by Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets), Source (Bacteria, Yeast, Fungi), Form (Dry, Liquid), Function (Qualitative) (Nutrition, Gut Health, Immunity, Productivity) & Region - Global Forecast to 2028

Report Code: AGI 3616 Jun, 2023, by marketsandmarkets.com

Probiotics in Animal Feed Market Size

The probiotics in animal feed market size was valued at USD 4.6 billion in 2023 and is projected to reach USD 7.1 billion in 2028, recording a CAGR of 9.1% by value. Owing to the increase in production and demand of compound feed along with rising consumption of feed additives in emerging markets such as Asia Pacific and South America.

Probiotics in Animal Feed Market Overview

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Probiotics in Animal Feed Market

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Market Dynamics

Driver : Increase demand for animal protein and other livestock products

According to the OECD-FAO Agricultural Outlook 2021-2030, increase in the consumption of meat and meat products over the next decade on a global basis is projected to increase by 14% by 2030 compared to 2018-2020. Countries such as India, China, and Japan witness a relatively elevated demand for poultry meat and other poultry products. Despite the COVID-19 pandemic and subsequent slump in consumer demand, countries such as China are still focused on increasing poultry production to satisfy the consumer demand.

The increase in demand for meat and meat products coerces livestock breeders to invest in natural and quality feed additives, such as probiotics that would improve livestock health and eventually productivity thereby driving the overall market growth.

Restraint : Non-standardized international quality regulations for probiotics in animal feed products

International bodies such as the US Food and Drug Administration (FDA), World Health Organization (WHO), US Center of Veterinary Medicine (CVM), European Food Safety Authority (EFSA), European Commission (EC), Natural Health Product Directorate (NHPD), the National Health Surveillance Agency (ANVISA), and Australian Pesticides and Veterinary Medicines Authority (APVMA) regulates the usage of various additives in feed products and issue stringent regulations for probiotic manufacturers. These organizations control the use of different chemicals and ingredients used in feed processing.

Rules and regulations regarding the utilization of probiotics in animal feed are becoming increasingly stringent. Discrepancies in regulations have adverse effects on the global meat trade, especially between developed and developing economies in the form of standard issues, such as animal welfare, environmental protection, meat quality

Opportunity: Abolition of Antibiotic Growth Promoters (AGPs)

In 2006, the European Union (EU) implemented a ban on antibiotics in animal feed. AGPs are chemicals or drugs that are added in animal feed in order to improve growth and the quantity of animal produce. According to the EU, the use of these drugs led to the development of antibiotic-resistant microbes to treat infections in humans and animals.

Antibiotic residues in meat and other animal products affect human health, due to which the human body becomes vulnerable to diseases when antibiotic-resistant microbes enter the system, resulting in weaker immunity. Along with the EU, the FAO has also restricted the use of antibiotics in animal feed. Such actions have made lucrative prospects of huge investment for probiotic manufacturers, as feed manufacturers are exploring alternatives to enhance the quality of animal feed and one such alternative being probiotics.

Challenge: High popularity of other feed additives

With the rise in animal health awareness and livestock production globally, the demand for feed products enriched with various feed additives is on the rise. Previously known and well-commercialized feed additives such as amino acids, phosphates, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, antibiotics, antioxidants, and vitamins, and mineral premixes are also tapping the feed market opportunities. These feed additives also aid in nutritional deficiency, growth, digestion, flavor enhancement and feed efficiency. These alternative feed additives have also received fair benefits from the high livestock products demand.

Probiotics in Animal Feed Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of probiotics in animal feed. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include ADM (US), Chr. Hansen Holding A/S (Denmark), Evonik Industries AG (Germany), Land O’Lakes Inc. (US), DSM (US), and Novozymes (Denmark).

Probiotics in Animal Feed Market

Pressure on feed productivity and feed conversion rate to drive the demand for probiotics in animal feed market

Feed conversion rate/ratio can be defined as, efficiency with which the bodies of livestock convert animal feed in the desired output. With a significantly high demand for livestock products, there has been increasing pressure on the livestock sector to meet the growing demand for high-value animal protein. This has subsequently increased the livestock population, which has resulted in increased consumption of probiotics in feed as they optimize the nutritional value of feed. The probiotics act as bactericidal and thus helps in further enhancing the performance of livestock by improving gut health and acting as a growth promoter. Therefore, feed incorporated with probiotics helps increase the feed conversion rate/ratio thereby catering to the demand.

Probiotics in animal feed act as an important aid to improve livestock health and production while improving digestion and feed efficiency. Thus, increased pressure on feed productivity and high demand for faster feed conversion rate is fueling the market for probiotics in animal feed.

Increased prevalence of disease outbreaks to augment the market growth

Unsafe and adulterated feed ingredients reduce the immunity of animals, thereby causing productivity loss by affecting the quality of animal products. The increased prevalence of disease outbreaks has encouraged livestock farmers to purchase superior-quality feed products with additives. Safety and quality of products have always been a high priority for customers, as disease outbreaks can affect the production, trade, and consumption of livestock products, such as dairy products, meat, egg, and other by-products. Furthermore, regions affected by such outbreaks are banned from exporting products for a prolonged period until completely quarantined and controlled. In the recent past, the Asia Pacific region experienced outbreaks of SARA-CoV-2 virus (2019), H5N1 influenza virus (2014) and foot-and-mouth disease (2011), which impacted trade, and livestock producers incurred heavy losses due to increased awareness about animal welfare.

Health deterioration in animals due to the use of pharmaceuticals in animal feed has been a matter of concern, which has ultimately increased the demand for nutritive products by livestock farmers. Thus, the demand for probiotic animal feed is likely to rise at a rapid pace.

Asia Pacific is expected to dominate the market during the forecast period

Countries such as China, India, Japan, Australia & New Zealand, and rest of the Asia Pacific have been considered in this study. Some of the factors for the high demand of the market in Asia Pacific region includes growing population, rise in disposable incomes, and rapid urbanization. Increasing demand for meat and animal products among the growing population of the Asia Pacific region along with the rising affluence in the region resulted in high consumption of meat products. This has also resulted in intensified livestock production for meat, which in turn drives the need for improved animal health and performance.

The growth of the meat industry in developing economies such as India and China, as well as the increased consumption of quality meat products, are primary drivers for the Asian market. Augmented concern over livestock diseases and outbreaks of infections has further highlighted the importance of animal health and wellness to ensure the safety of end users. The advent of globalization and urbanization has caused a shift in consumer preferences, where consumers opt for nutritious, quality food products and like to experiment with food choices. These factors are expected to continue in the coming years, driving demand the for probiotics in animal feed market.

Probiotics in Animal Feed Market by Region

Probiotics in Animal Feed Market Trends

Here are some key trends shaping the probiotics in animal feed market:

  • Growing Awareness of Animal Health: There is an increasing awareness among livestock producers about the importance of maintaining animal health for optimal production. Probiotics are recognized for their potential to improve gut health, boost immunity, and enhance overall well-being in animals.
  • Shift Towards Natural Alternatives: With the rising concern over the use of antibiotics in animal agriculture and the development of antibiotic resistance, there is a growing inclination towards natural alternatives. Probiotics, being beneficial bacteria, are considered a viable solution to promote animal health without resorting to antibiotics.
  • Focus on Gut Health: Probiotics play a crucial role in maintaining a healthy gut environment in animals. As a result, there is a heightened focus on gut health management in the animal feed industry. Probiotics help in balancing the gut microbiota, improving nutrient absorption, and reducing the risk of digestive disorders.
  • Regulatory Support and Guidelines: Governments and regulatory bodies are recognizing the significance of probiotics in animal nutrition. This has led to the development of guidelines and regulations that support the use of probiotics in animal feed. Compliance with these standards is becoming a key factor for market players.
  • Advancements in Research and Development: Ongoing research and development activities are driving innovations in probiotic strains and formulations. Manufacturers are investing in creating more effective and stable probiotic products that can survive the harsh conditions of the digestive system and deliver maximum benefits to the animals.
  • Expansion of Probiotics Applications: Probiotics are not limited to traditional livestock like poultry and cattle. There is an expanding use of probiotics in aquaculture and other niche markets. This diversification is contributing to the overall growth of the probiotics in animal feed market.

Probiotics in Animal Feed Market Share

The key players in this include ADM (US), Chr. Hansen Holding A/S (Denmark), Evonik Industries AG (Germany), Land O’Lakes Inc. (US), DSM (US), and Novozymes (Denmark). These players in this market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

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Scope of the Report

Report Metric

Details

Market size value in 2023

USD 4.6 billion

Revenue forecast in 2028

USD 7.1 billion

Growth Rate

CAGR of 9.1% from 2023 to 2028

Market size estimation

2023–2028

Base year considered

2022

Probiotics in Animal Feed Market Forecast period

2023–2028

Units considered

Value (USD)

Segments covered

By Source, Livestock, Form, Function, Distribution Channel, Region

Regions covered

North America, South America, Europe, Asia Pacific, and Rest of the World

Key Companies Profiled

  • ADM (US)
  • International Flavors & Fragrances Inc. (US)
  • CHR. HANSEN HOLDING A/S (Denmark)
  • Evonik Industries AG (Germany)
  • Land O'Lakes (US)
  • DSM (Netherlands)
  • Ohly (Germany)
  • Novozymes (Denmark)
  • Alltech (US)
  • Kemin Industries, Inc. (US)
  • Provita Animal Health (UK)
  • Orffa (Netherlands)
  • Lesaffre (France)
  • Lallemand Inc. (Canada)
  • and more.

Growth Drivers:

  • Increased demand for animal protein and other livestock products
  • Pressure on feed productivity and feed conversion rate
  • Greater prevalence of disease outbreaks

This research report categorizes the probiotics in animal feed market, based on Livestock, Source, Form, Distribution Channel, Function, and Region.

By Livestock
  • Poultry
  • Swine
  • Ruminants
  • Aquaculture
  • Pets
  • Other Livestock
Market By Source
  • Bacteria
  • Yeast and Fungi
By Form
  • Dry
  • Liquid
By Distribution Channel
  • Direct Sales to Distributors
  • Direct Sales to Livestock Growers
  • Other Distribution Channels
By Function
  • Nutrition
  • Gut Health
  • Immunity
  • Productivity
By Region
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)

Probiotics in Animal Feed Market Industry News

  • In May 2021, Chr. Hansen Holding A/S launched a new product named, “Bovacillus” in the Argentinian market that was a new and innovative solution to support dairy and beef cattle health as well as increase their performance. This product launch would not only expand the company’s product portfolio for probiotics in the animal feed segment but also increase the consumer reach in the geographical location as well.
  • In February 2021, International Flavors & Fragrances Inc. merged with DuPont’s Nutrition & Biosciences business in order to deliver consumer-oriented products for food and beverage, personal care and health & wellness market. The strategic initiative would strengthen the product portfolio and R&D capabilities in probiotics segment and various other segments such as nutrition, enzymes, soy proteins, and culture among others.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 37)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           FIGURE 1 MARKET SEGMENTATION
           1.3.1 INCLUSIONS AND EXCLUSIONS
    1.4 REGIONS COVERED 
    1.5 YEARS CONSIDERED 
    1.6 UNITS CONSIDERED 
           1.6.1 CURRENCY (VALUE UNIT)
                    TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022
           1.6.2 VOLUME UNIT
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 RECESSION IMPACT ANALYSIS 
 
2 RESEARCH METHODOLOGY (Page No. - 43)
    2.1 RESEARCH DATA 
           FIGURE 2 PROBIOTICS IN ANIMAL FEED MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Breakdown of primary interviews
                               FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 TOP-DOWN APPROACH
           FIGURE 4 MARKET SIZE ESTIMATION – IDENTIFICATION OF TOP SUPPLIERS
           FIGURE 5 PROBIOTICS IN ANIMAL FEED MARKET: SUPPLY SIDE CALCULATION
           2.2.2 BOTTOM-UP APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION – REVENUE FROM SUPPLIERS
    2.3 DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 RECESSION IMPACT ON PROBIOTICS IN ANIMAL FEED MARKET 
           2.4.1 MACRO INDICATORS OF RECESSION
                    FIGURE 8 INDICATORS OF RECESSION
                    FIGURE 9 GLOBAL INFLATION RATE, 2011–2021
                    FIGURE 10 GLOBAL GDP, 2011–2021 (USD TRILLION)
                    FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON PROBIOTICS IN ANIMAL FEED MARKET
                    FIGURE 12 PROBIOTICS IN ANIMAL FEED MARKET: EARLIER FORECAST VS RECESSION FORECAST
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS AND ASSOCIATED RISKS 
 
3 EXECUTIVE SUMMARY (Page No. - 56)
    TABLE 2 PROBIOTICS IN ANIMAL FEED MARKET SNAPSHOT, 2022 VS. 2028 
    FIGURE 13 MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 
    FIGURE 14 MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION) 
    FIGURE 15 MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 
    FIGURE 16 MARKET SHARE, BY REGION, 2022 (VALUE) 
 
4 PREMIUM INSIGHTS (Page No. - 60)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET 
           FIGURE 17 RISE AWARENESS REGARDING ANIMAL HEALTH TO DRIVE PROBIOTICS IN ANIMAL FEED MARKET
    4.2 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE AND COUNTRY 
           FIGURE 18 BACTERIA SEGMENT AND CHINA ACCOUNTED FOR SIGNIFICANT SHARE IN 2022
    4.3 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM 
           FIGURE 19 DRY SEGMENT TO LEAD MARKET BY 2028
    4.4 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK 
           FIGURE 20 POULTRY SEGMENT TO DOMINATE MARKET BY 2028
    4.5 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE 
           FIGURE 21 BACTERIA SEGMENT TO DOMINATE MARKET BY 2028
 
5 PROBIOTICS IN ANIMAL FEED MARKET OVERVIEW (Page No. - 63)
    5.1 INTRODUCTION 
    5.2 MACROECONOMIC INDICATORS 
           5.2.1 RISE IN PRODUCTION OF COMPOUND FEED
                    FIGURE 22 COMPOUND FEED PRODUCTION, 2012–2022 (MILLION METRIC TONNES)
           5.2.2 GROWTH OPPORTUNITIES IN EMERGING ECONOMIES
                    FIGURE 23 GROSS DOMESTIC PRODUCT GROWTH RATE IN ASIAN COUNTRIES, 2020–2021
    5.3 MARKET DYNAMICS 
           FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PROBIOTICS IN ANIMAL FEED MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Increased demand for animal protein and other livestock products
                               TABLE 3 PER CAPITA CONSUMPTION OF LIVESTOCK PRODUCTS
                    5.3.1.2 Pressure on feed productivity and feed conversion rate
                    5.3.1.3 Greater prevalence of disease outbreaks
           5.3.2 RESTRAINTS
                    5.3.2.1 Non-standardized international quality regulations
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Abolition of antibiotic growth promoters (AGPs)
                    5.3.3.2 Innovations and technological advancements in feed industry
           5.3.4 CHALLENGES
                    5.3.4.1 High R&D costs for developing new probiotic strains
                    5.3.4.2 High popularity of other feed additives
 
6 PROBIOTICS IN ANIMAL FEED INDUSTRY TRENDS (Page No. - 71)
    6.1 INTRODUCTION 
    6.2 VALUE CHAIN ANALYSIS 
           6.2.1 RESEARCH & PRODUCT DEVELOPMENT
           6.2.2 RAW MATERIAL SOURCING
           6.2.3 PRODUCTION & PROCESSING
           6.2.4 DISTRIBUTION
           6.2.5 MARKETING & SALES
                    FIGURE 25 VALUE CHAIN ANALYSIS OF PROBIOTICS IN ANIMAL FEED MARKET
    6.3 TECHNOLOGY ANALYSIS 
           6.3.1 BACTERIOPHAGES AS NEW SOURCE OF PROBIOTICS
           6.3.2 PROBIOTICS IN FORM OF EFFERVESCENT TABLETS
    6.4 PRICING ANALYSIS: PROBIOTICS IN ANIMAL FEED MARKET 
           6.4.1 AVERAGE SELLING PRICE, BY SOURCE
                    FIGURE 26 AVERAGE SELLING PRICES, BY SOURCE, 2020–2022 (USD/TON)
                    TABLE 4 PROBIOTICS IN ANIMAL FEED MARKET: AVERAGE SELLING PRICE, BY SOURCE, 2020–2022 (USD/TON)
                    TABLE 5 BACTERIA-BASED PROBIOTICS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON)
                    TABLE 6 YEAST/FUNGI-BASED PROBIOTICS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON)
    6.5 ECOSYSTEM/MARKET MAP 
           6.5.1 DEMAND SIDE
           6.5.2 SUPPLY SIDE
                    FIGURE 27 PROBIOTICS IN ANIMAL FEED MARKET MAP
                    TABLE 7 PROBIOTICS IN ANIMAL FEED MARKET: SUPPLY CHAIN (ECOSYSTEM)
                    FIGURE 28 PROBIOTICS IN ANIMAL FEED: ECOSYSTEM
    6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 29 REVENUE SHIFT FOR PROBIOTICS IN ANIMAL FEED MARKET
    6.7 PATENT ANALYSIS 
           FIGURE 30 NUMBER OF PATENTS GRANTED BETWEEN 2013 AND 2022
           FIGURE 31 TOP TEN INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
           FIGURE 32 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
           TABLE 8 PATENTS PERTAINING TO PROBIOTICS IN ANIMAL FEED, 2021–2023
    6.8 TRADE ANALYSIS 
           TABLE 9 TOP TEN IMPORTERS AND EXPORTERS OF LACTOBACILLUS, 2021 (KG)
    6.9 KEY CONFERENCES AND EVENTS 
           TABLE 10 KEY CONFERENCES AND EVENTS, 2023–2024
    6.10 TARIFFS AND REGULATORY LANDSCAPE 
           6.10.1 NORTH AMERICA
                    6.10.1.1 US
                    6.10.1.2 Canada
           6.10.2 EUROPEAN UNION
           6.10.3 ASIA PACIFIC
                    6.10.3.1 China
                    6.10.3.2 Japan
                    6.10.3.3 India
           6.10.4 SOUTH AMERICA
                    6.10.4.1 Brazil
                               TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                               TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                               TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.11 PORTER’S FIVE FORCES ANALYSIS 
                    TABLE 14 PROBIOTICS IN ANIMAL FEED MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.11.1 INTENSITY OF COMPETITIVE RIVALRY
           6.11.2 BARGAINING POWER OF SUPPLIERS
           6.11.3 BARGAINING POWER OF BUYERS
           6.11.4 THREAT OF SUBSTITUTES
           6.11.5 THREAT OF NEW ENTRANTS
    6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES
                    TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES OF PROBIOTICS IN ANIMAL FEED
           6.12.2 BUYING CRITERIA
                    TABLE 16 PROBIOTICS IN ANIMAL FEED MARKET: KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
                    FIGURE 34 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS
    6.13 CASE STUDIES 
           6.13.1 ACQUISITION OF PROBIOTICS INTERNATIONAL LIMITED HELPED ADM EXPAND ITS OFFERINGS
           6.13.2 LAUNCH OF ECOBIL FIZZ FOR CHICKENS HELPED EVONIK INDUSTRIES AG BROADEN POULTRY PRODUCT PORTFOLIO
 
7 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE (Page No. - 94)
    7.1 INTRODUCTION 
           TABLE 17 PROBIOTICS COMMONLY USED IN ANIMAL FEED
           FIGURE 35 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION)
           TABLE 18 MARKET, BY SOURCE, 2019–2022 (USD MILLION)
           TABLE 19 MARKET, BY SOURCE, 2023–2028 (USD MILLION)
           TABLE 20 MARKET, BY SOURCE, 2019–2022 (KT)
           TABLE 21 MARKET, BY SOURCE, 2023–2028 (KT)
    7.2 BACTERIA 
           7.2.1 HIGH COMMERCIALIZATION AND BETTER BILE RESISTANCE AS COMPARED TO YEAST
                    TABLE 22 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 23 BACTERIA: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 24 BACTERIA: MARKET, BY REGION, 2019–2022 (KT)
                    TABLE 25 BACTERIA: MARKET, BY REGION, 2023–2028 (KT)
                    TABLE 26 BACTERIA: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 27 BACTERIA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           7.2.2 LACTOBACILLI
           7.2.3 BIFIDOBACTERIUM
           7.2.4 STREPTOCOCCUS THERMOPHILUS
    7.3 YEAST & FUNGI 
           7.3.1 HIGH RATE OF PRODUCT INNOVATIONS AND ONGOING RESEARCH
                    TABLE 28 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 29 YEAST & FUNGI:MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 30 YEAST & FUNGI: MARKET, BY REGION, 2019–2022 (KT)
                    TABLE 31 YEAST & FUNGI: MARKET, BY REGION, 2023–2028 (KT)
                    TABLE 32 YEAST & FUNGI: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 33 YEAST & FUNGI: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           7.3.2 SACCHAROMYCES CEREVISIAE
           7.3.3 SACCHAROMYCES BOULARDII
           7.3.4 OTHER YEAST & FUNGI SOURCES
 
8 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK (Page No. - 106)
    8.1 INTRODUCTION 
           TABLE 34 BENEFITS ASSOCIATED WITH ADMINISTRATION OF PROBIOTICS IN ANIMAL FEED
           FIGURE 36 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION)
           TABLE 35 MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION)
           TABLE 36 MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION)
    8.2 POULTRY 
           8.2.1 RAPID DEMAND AND GROWTH OF POULTRY MEAT
                    TABLE 37 BACTERIAL STRAINS USED IN MANUFACTURE OF PROBIOTICS FOR POULTRY
                    TABLE 38 POULTRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 39 POULTRY: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 SWINE 
           8.3.1 HIGH PORK CONSUMPTION IN ASIAN COUNTRIES
                    TABLE 40 PROBIOTIC MICROORGANISMS COMMONLY USED IN SWINE FEED
                    TABLE 41 SWINE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 42 SWINE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 RUMINANTS 
           8.4.1 HIGH PER CAPITA CONSUMPTION OF BEEF AND GLOBAL RISE IN DEMAND FOR DAIRY PRODUCTS
                    TABLE 43 RUMINANTS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 44 RUMINANTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.5 AQUACULTURE 
           8.5.1 SUBSTANTIAL RISE IN GLOBAL AQUACULTURE FEED TONNAGE
                    TABLE 45 APPLICATION OF PROBIOTICS IN AQUACULTURE
                    TABLE 46 AQUACULTURE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 47 AQUACULTURE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.6 PETS 
           8.6.1 SURGE IN PET OWNERSHIP IN NORTH AMERICA AND EUROPE
                    TABLE 48 PETS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 49 PETS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.7 OTHER LIVESTOCK 
           TABLE 50 OTHER LIVESTOCK: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 51 OTHER LIVESTOCK:MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM (Page No. - 119)
    9.1 INTRODUCTION 
           FIGURE 37 DRY FORM TO DOMINATE MARKET DURING FORECAST YEAR (USD MILLION)
           TABLE 52 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION)
           TABLE 53 MARKET, BY FORM, 2023–2028 (USD MILLION)
    9.2 DRY 
           9.2.1 BETTER FEED EFFICIENCY AND COST OPTIMIZATION
                    TABLE 54 DRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 55 DRY: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 LIQUID 
           9.3.1 ENHANCED PROBIOTIC STRAINS VIABILITY AND FEED TEXTURE UNIFORMITY
                    TABLE 56 LIQUID: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 57 LIQUID: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 PROBIOTICS IN ANIMAL FEED MARKET, BY FUNCTION (Page No. - 124)
     10.1 INTRODUCTION 
     10.2 NUTRITION 
     10.3 GUT HEALTH 
     10.4 YIELD 
     10.5 IMMUNITY 
     10.6 PRODUCTIVITY 
 
11 PROBIOTICS IN ANIMAL FEED MARKET, BY DISTRIBUTION CHANNEL (Page No. - 128)
     11.1 INTRODUCTION 
     11.2 DIRECT SALES TO DISTRIBUTORS 
     11.3 DIRECT SALES TO LIVESTOCK GROWERS AND FEED INTEGRATORS 
     11.4 OTHER DISTRIBUTION CHANNELS 
 
12 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION (Page No. - 130)
     12.1 INTRODUCTION 
               FIGURE 38 PROBIOTICS IN ANIMAL FEED MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
               TABLE 58 MARKET, BY REGION, 2019–2022 (USD MILLION)
               TABLE 59 MARKET, BY REGION, 2023–2028 (USD MILLION)
               TABLE 60 MARKET, BY REGION, 2019–2022 (KT)
               TABLE 61 MARKET, BY REGION, 2023–2028 (KT)
     12.2 NORTH AMERICA 
             12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 39 NORTH AMERICA: INFLATION RATE, BY KEY COUNTRY, 2018–2021
                       FIGURE 40 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 41 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 62 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 63 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 64 NORTH AMERICA: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 65 NORTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 66 NORTH AMERICA: MARKET, BY SOURCE, 2019–2022 (KT)
                       TABLE 67 NORTH AMERICA: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 68 NORTH AMERICA: MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION)
                       TABLE 69 NORTH AMERICA: MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION)
                       TABLE 70 NORTH AMERICA: MARKET, BY FORM, 2019–2022 (USD MILLION)
                       TABLE 71 NORTH AMERICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.2.2 US
                       12.2.2.1 High demand for animal-based protein and rise in pet ownership
                                   TABLE 72 US: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 73 US: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 74 US: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 75 US: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.2.3 CANADA
                       12.2.3.1 Modernization of dairy industry and rise in layer feed production
                                   TABLE 76 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 77 CANADA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 78 CANADA: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 79 CANADA: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.2.4 MEXICO
                       12.2.4.1 Strengthening feed industry, surging meat exports, and high demand for poultry products
                                   TABLE 80 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 81 MEXICO: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 82 MEXICO: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 83 MEXICO: MARKET, BY FORM, 2023–2028 (USD MILLION)
     12.3 EUROPE 
             12.3.1 EUROPE: RECESSION IMPACT ANALYSIS
                       FIGURE 42 EUROPE: INFLATION RATE, BY KEY COUNTRY, 2018–2021
                       FIGURE 43 EUROPE: RECESSION IMPACT ANALYSIS
                       TABLE 84 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 85 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 86 EUROPE: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 87 EUROPE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 88 EUROPE: MARKET, BY SOURCE, 2019–2022 (KT)
                       TABLE 89 EUROPE: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 90 EUROPE: MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION)
                       TABLE 91 EUROPE: MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION)
                       TABLE 92 EUROPE: MARKET, BY FORM, 2019–2022 (USD MILLION)
                       TABLE 93 EUROPE: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.3.2 GERMANY
                       12.3.2.1 Higher meat production in commercial slaughterhouses
                                   TABLE 94 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 95 GERMANY: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 96 GERMANY: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 97 GERMANY: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.3.3 UK
                       12.3.3.1 Increased health awareness and consumption of dairy products
                                   TABLE 98 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 99 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 100 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 101 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.3.4 FRANCE
                       12.3.4.1 High compound feed production and strong regulations
                                   TABLE 102 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 103 FRANCE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 104 FRANCE: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 105 FRANCE: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.3.5 ITALY
                       12.3.5.1 Growth of pet food premium products and high animal feed consumption
                                   TABLE 106 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 107 ITALY: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 108 ITALY: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 109 ITALY: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.3.6 SPAIN
                       12.3.6.1 Greater demand for meat and dairy products
                                   TABLE 110 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 111 SPAIN: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 112 SPAIN: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 113 SPAIN: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.3.7 RUSSIA
                       12.3.7.1 Robust feed industry coupled with rise in demand for poultry and dairy products
                                   TABLE 114 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 115 RUSSIA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 116 RUSSIA: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 117 RUSSIA: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.3.8 REST OF EUROPE
                       TABLE 118 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 119 REST OF EUROPE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 120 REST OF EUROPE: MARKET, BY FORM, 2019–2022 (USD MILLION)
                       TABLE 121 REST OF EUROPE: MARKET, BY FORM, 2023–2028 (USD MILLION)
     12.4 ASIA PACIFIC 
             12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                       FIGURE 44 ASIA PACIFIC: INFLATION RATE, BY KEY COUNTRY, 2018–2021
                       FIGURE 45 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                       FIGURE 46 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 122 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION)
                       TABLE 123 ASIA PACIFIC: MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION)
                       TABLE 124 ASIA PACIFIC: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 125 ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 126 ASIA PACIFIC: MARKET, BY SOURCE, 2019–2022 (KT)
                       TABLE 127 ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 128 ASIA PACIFIC: MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION)
                       TABLE 129 ASIA PACIFIC: MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION)
                       TABLE 130 ASIA PACIFIC: MARKET, BY FORM, 2019–2022 (USD MILLION)
                       TABLE 131 ASIA PACIFIC: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.4.2 CHINA
                       12.4.2.1 Rapid urbanization and rising demand for livestock
                                   TABLE 132 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 133 CHINA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 134 CHINA: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 135 CHINA: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.4.3 INDIA
                       12.4.3.1 Large cattle population and demand for feed additives
                                   TABLE 136 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 137 INDIA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 138 INDIA: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 139 INDIA: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.4.4 JAPAN
                       12.4.4.1 Increase in demand for premium-quality animal products
                                   TABLE 140 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 141 JAPAN: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 142 JAPAN: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 143 JAPAN: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.4.5 AUSTRALIA & NEW ZEALAND
                       12.4.5.1 Growth in demand for organic and free-range products
                                   TABLE 144 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 145 AUSTRALIA & NEW ZEALAND: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 146 AUSTRALIA & NEW ZEALAND: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 147 AUSTRALIA & NEW ZEALAND: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.4.6 REST OF ASIA PACIFIC
                       TABLE 148 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 149 REST OF ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 150 REST OF ASIA PACIFIC: MARKET, BY FORM, 2019–2022 (USD MILLION)
                       TABLE 151 REST OF ASIA PACIFIC: MARKET, BY FORM, 2023–2028 (USD MILLION)
     12.5 SOUTH AMERICA 
             12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
                       FIGURE 47 SOUTH AMERICA: INFLATION RATE, BY KEY COUNTRY, 2018–2021
                       FIGURE 48 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
                       TABLE 152 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 153 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       TABLE 154 SOUTH AMERICA: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 155 SOUTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 156 SOUTH AMERICA: MARKET, BY SOURCE, 2019–2022 (KT)
                       TABLE 157 SOUTH AMERICA: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 158 SOUTH AMERICA: MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION)
                       TABLE 159 SOUTH AMERICA: MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION)
                       TABLE 160 SOUTH AMERICA: MARKET, BY FORM, 2019–2022 (USD MILLION)
                       TABLE 161 SOUTH AMERICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.5.2 BRAZIL
                       12.5.2.1 Substantial demand for good quality meat in domestic and international markets
                       TABLE 162 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 163 BRAZIL: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 164 BRAZIL: MARKET, BY FORM, 2019–2022 (USD MILLION)
                       TABLE 165 BRAZIL: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.5.3 ARGENTINA
                       12.5.3.1 High per capita beef consumption and thriving livestock industry
                                   TABLE 166 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 167 ARGENTINA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 168 ARGENTINA: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 169 ARGENTINA: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.5.4 REST OF SOUTH AMERICA
                       TABLE 170 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 171 REST OF SOUTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 172 REST OF SOUTH AMERICA: MARKET, BY FORM, 2019–2022 (USD MILLION)
                       TABLE 173 REST OF SOUTH AMERICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
     12.6 REST OF THE WORLD 
             12.6.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS
                       FIGURE 49 REST OF THE WORLD: INFLATION RATE, BY SUBREGION, 2018–2021
                       FIGURE 50 REST OF THE WORLD PROBIOTICS IN ANIMAL FEED MARKET: RECESSION IMPACT ANALYSIS
                       TABLE 174 REST OF THE WORLD: MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 175 REST OF THE WORLD: MARKET, BY REGION, 2023–2028 (USD MILLION)
                       TABLE 176 REST OF THE WORLD: MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                       TABLE 177 REST OF THE WORLD: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                       TABLE 178 REST OF THE WORLD: MARKET, BY SOURCE, 2019–2022 (KT)
                       TABLE 179 REST OF THE WORLD: MARKET, BY SOURCE, 2023–2028 (KT)
                       TABLE 180 REST OF THE WORLD: MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION)
                       TABLE 181 REST OF THE WORLD: MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION)
                       TABLE 182 REST OF THE WORLD: MARKET, BY FORM, 2019–2022 (USD MILLION)
                       TABLE 183 REST OF THE WORLD: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.6.2 AFRICA
                       12.6.2.1 Well-developed livestock industry coupled with growing meat consumption
                                   TABLE 184 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 185 AFRICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 186 AFRICA: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 187 AFRICA: MARKET, BY FORM, 2023–2028 (USD MILLION)
             12.6.3 MIDDLE EAST
                       12.6.3.1 High consumption of beef to fuel market
                                   TABLE 188 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION)
                                   TABLE 189 MIDDLE EAST: MARKET, BY SOURCE, 2023–2028 (USD MILLION)
                                   TABLE 190 MIDDLE EAST: MARKET, BY FORM, 2019–2022 (USD MILLION)
                                   TABLE 191 MIDDLE EAST: MARKET, BY FORM, 2023–2028 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 186)
     13.1 OVERVIEW 
     13.2 MARKET SHARE ANALYSIS 
               TABLE 192 PROBIOTICS IN ANIMAL FEED MARKET: DEGREE OF COMPETITION (COMPETITIVE)
     13.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 
               FIGURE 51 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION)
     13.4 KEY PLAYERS ANNUAL REVENUE VS GROWTH 
               FIGURE 52 ANNUAL REVENUE, 2022 (USD BILLION) VS REVENUE GROWTH, 2020–2022
     13.5 KEY PLAYERS EBIDTA 
               FIGURE 53 EBIDTA, 2022 (USD BILLION)
     13.6 KEY PLAYER STRATEGIES 
               TABLE 193 STRATEGIES ADOPTED BY KEY PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET
     13.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 
               FIGURE 54 GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022
     13.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 
             13.8.1 STARS
             13.8.2 EMERGING LEADERS
             13.8.3 PERVASIVE PLAYERS
             13.8.4 PARTICIPANTS
                       FIGURE 55 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS)
     13.9 PROBIOTICS IN ANIMAL FEED MARKET: PRODUCT FOOTPRINT (KEY PLAYERS) 
               TABLE 194 COMPANY FOOTPRINT, BY SOURCE
               TABLE 195 COMPANY FOOTPRINT, BY LIVESTOCK
               TABLE 196 COMPANY FOOTPRINT, BY REGION
               TABLE 197 OVERALL COMPANY FOOTPRINT
     13.10 COMPANY EVALUATION QUADRANT (STARTUPS/SMES) 
               13.10.1 PROGRESSIVE COMPANIES
               13.10.2 STARTING BLOCKS
               13.10.3 RESPONSIVE COMPANIES
               13.10.4 DYNAMIC COMPANIES
                       FIGURE 56 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES)
               13.10.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
                       TABLE 198 PROBIOTICS IN ANIMAL FEED MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                       TABLE 199 PROBIOTICS IN ANIMAL FEED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     13.11 COMPETITIVE SCENARIO 
               13.11.1 NEW PRODUCT LAUNCHES
                       TABLE 200 PROBIOTICS IN ANIMAL FEED MARKET: NEW PRODUCT LAUNCHES, 2019–2021
               13.11.2 DEALS
                       TABLE 201 PROBIOTICS IN ANIMAL FEED MARKET: DEALS, 2018–2021
               13.11.3 OTHERS
                       TABLE 202 PROBIOTICS IN ANIMAL FEED MARKET: OTHERS, 2019
 
14 COMPANY PROFILES (Page No. - 205)
     14.1 KEY COMPANIES 
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
             14.1.1 ADM
                       TABLE 203 ADM: BUSINESS OVERVIEW
                       FIGURE 57 ADM: COMPANY SNAPSHOT
                       TABLE 204 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 205 ADM: DEALS
             14.1.2 INTERNATIONAL FLAVORS & FRAGRANCES INC.
                       TABLE 206 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
                       FIGURE 58 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
                       TABLE 207 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 208 INTERNATIONAL FLAVORS & FRAGRANCES INC.: NEW PRODUCT LAUNCHES
                       TABLE 209 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS
             14.1.3 CHR. HANSEN HOLDING A/S
                       TABLE 210 CHR. HANSEN HOLDING A/S: BUSINESS OVERVIEW
                       FIGURE 59 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT
                       TABLE 211 CHR. HANSEN HOLDING A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 212 CHR. HANSEN HOLDING A/S: NEW PRODUCT LAUNCHES
                       TABLE 213 CHR. HANSEN HOLDING A/S: DEALS
             14.1.4 EVONIK INDUSTRIES AG
                       TABLE 214 EVONIK INDUSTRIES AG: BUSINESS OVERVIEW
                       FIGURE 60 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
                       TABLE 215 EVONIK INDUSTRIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 216 EVONIK INDUSTRIES AG: NEW PRODUCT LAUNCHES
             14.1.5 LAND O’LAKES, INC.
                       TABLE 217 LAND O’LAKES, INC.: BUSINESS OVERVIEW
                       FIGURE 61 LAND O’LAKES, INC.: COMPANY SNAPSHOT
                       TABLE 218 LAND O’LAKES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 219 LAND O’LAKES, INC.: OTHERS
             14.1.6 DSM
                       TABLE 220 DSM: BUSINESS OVERVIEW
                       FIGURE 62 DSM: COMPANY SNAPSHOT
                       TABLE 221 DSM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 222 DSM: DEALS
             14.1.7 OHLY
                       TABLE 223 OHLY: BUSINESS OVERVIEW
                       FIGURE 63 OHLY: COMPANY SNAPSHOT
                       TABLE 224 OHLY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 225 OHLY: NEW PRODUCT LAUNCHES
             14.1.8 NOVOZYMES
                       TABLE 226 NOVOZYMES: BUSINESS OVERVIEW
                       FIGURE 64 NOVOZYMES: COMPANY SNAPSHOT
                       TABLE 227 NOVOZYMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 228 NOVOZYMES: DEALS
             14.1.9 ALLTECH
                       TABLE 229 ALLTECH: BUSINESS OVERVIEW
                       TABLE 230 ALLTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.10 KEMIN INDUSTRIES, INC.
                       TABLE 231 KEMIN INDUSTRIES, INC.: BUSINESS OVERVIEW
                       TABLE 232 KEMIN INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 233 KEMIN INDUSTRIES, INC.: NEW PRODUCT LAUNCHES
             14.1.11 PROVITA ANIMAL HEALTH
                       TABLE 234 PROVITA ANIMAL HEALTH: BUSINESS OVERVIEW
                       TABLE 235 PROVITA ANIMAL HEALTH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.12 ORFFA
                       TABLE 236 ORFFA: BUSINESS OVERVIEW
                       TABLE 237 ORFFA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.13 LESAFFRE
                       TABLE 238 LESAFFRE: BUSINESS OVERVIEW
                       TABLE 239 LESAFFRE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.14 LALLEMAND INC.
                       TABLE 240 LALLEMAND INC.: BUSINESS OVERVIEW
                       TABLE 241 LALLEMAND INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.15 ADVANCE AQUA BIO TECHNOLOGIES INDIA PRIVATE LIMITED
                       TABLE 242 ADVANCE AQUA BIO TECHNOLOGIES INDIA PRIVATE LIMITED: BUSINESS OVERVIEW
                       TABLE 243 ADVANCE AQUA BIO TECHNOLOGIES INDIA PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.16 SANZYME BIOLOGICS PVT. LTD.
                       TABLE 244 SANZYME BIOLOGICS PVT. LTD.: BUSINESS OVERVIEW
                       TABLE 245 SANZYME BIOLOGICS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.17 AGRIHEALTH
                       TABLE 246 AGRIHEALTH: BUSINESS OVERVIEW
                       TABLE 247 AGRIHEALTH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.18 ARM & HAMMER ANIMAL AND FOOD PRODUCTION
                       TABLE 248 ARM & HAMMER ANIMAL AND FOOD PRODUCTION: BUSINESS OVERVIEW
                       TABLE 249 ARM & HAMMER ANIMAL AND FOOD PRODUCTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.19 UNIQUE BIOTECH
                       TABLE 250 UNIQUE BIOTECH: BUSINESS OVERVIEW
                       TABLE 251 UNIQUE BIOTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.20 PLANET BIOTECH INDIA
                       TABLE 252 PLANET BIOTECH INDIA: BUSINESS OVERVIEW
                       TABLE 253 PLANET BIOTECH INDIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
     14.2 OTHER PLAYERS 
             14.2.1 INDOGULF COMPANY
                       TABLE 254 INDOGULF COMPANY: COMPANY OVERVIEW
             14.2.2 PELLUCID LIFESCIENCES PVT. LTD.
                       TABLE 255 PELLUCID LIFESCIENCES PVT. LTD.: COMPANY OVERVIEW
             14.2.3 PURE CULTURES
                       TABLE 256 PURE CULTURES: COMPANY OVERVIEW
             14.2.4 BL BIO LAB, LLC
                       TABLE 257 BL BIO LAB, LLC: COMPANY OVERVIEW
             14.2.5 VIRBAC
                       TABLE 258 VIRBAC: COMPANY OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
 
15 ADJACENT AND RELATED MARKETS (Page No. - 252)
     15.1 INTRODUCTION 
               TABLE 259 ADJACENT MARKETS
     15.2 RESEARCH LIMITATIONS 
     15.3 FEED ADDITIVES MARKET 
             15.3.1 MARKET DEFINITION
             15.3.2 MARKET OVERVIEW
                       TABLE 260 FEED ADDITIVES MARKET, BY TYPE, 2021–2026 (USD MILLION)
     15.4 PROBIOTICS MARKET 
             15.4.1 MARKET DEFINITION
             15.4.2 MARKET OVERVIEW
                       TABLE 261 PROBIOTICS MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
 
16 APPENDIX (Page No. - 255)
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 CUSTOMIZATION OPTIONS 
     16.4 RELATED REPORTS 

This research involves the extensive use of secondary sources; directories; and databases (Bloomberg and Factiva) to identify and collect information useful for a technical, market-oriented, and commercial study of the probiotics in animal feed market. In-depth interviews were conducted with various primary respondents, such as key industry participants, Subject Matter Experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and to assess prospects.

Secondary Research

In the secondary research process, various sources, such as the Food and Agricultural Organization (FAO), United States Department of Agriculture (USDA), European Food and Fermentation Cultures Association (EFFCA), International Scientific Association for Probiotics and Prebiotics (ISAPP), International Probiotics Association (IPA), American Feed Industry Association (AFIA), Organization for Economic Co-operation and Development (OECD) and others were referred to identify and collect information for this study. The secondary sources also include journals, press releases, investor presentations of companies, whitepapers, certified publications, articles by recognized authors and regulatory bodies, trade directories, and paid databases.

Primary Research

The probiotics in animal feed market comprises several stakeholders, including manufacturers and suppliers of probiotics for animal feed, processors and manufacturers of animal feed, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviewees from the supply side include research institutions involved in R&D to introduce technology, probiotics for animal feed distributors and wholesalers, importers & exporters of probiotics for animal feed, and technology providers. Primary sources from the demand-side include key opinion leaders, executives, vice presidents, and CEOs of probiotic companies catering probiotics for animal feed in developing companies through questionnaires, emails, and telephonic interviews.

Probiotics in Animal Feed Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Probiotics in Animal Feed Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:

  • The key players in the probiotics in animal feed industry and the markets were identified through extensive secondary research.
  • The probiotics in animal feed market were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All macroeconomic and microeconomic factors affecting the growth of the probiotics in animal feed market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.

Market size estimation: Top-Down approach

  • Calculations for the market size have been based on the revenues of key companies identified in the market, which dominated the overall market size. This overall market size has been used in the top-down procedure to estimate the size of other individual markets (mentioned in the market segmentation) via percentage splits derived using secondary and primary sources.
  • All macroeconomic and microeconomic factors affecting the growth of the probiotics market were considered while estimating the market size.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
  • For the calculation of market shares of each market segment, the size of the most appropriate and immediate parent market has been considered for implementing the top-down procedure. The bottom-up procedure has also been implemented for data extracted from secondary research to validate the market size obtained for each segment.  

probiotics in animal feed market size estimation: supply side

Probiotics in Animal Feed Market Size, and Share

Probiotics in Animal feed Market : supply side Calculation

Probiotics in Animal Feed Market Size, and Share

Market size estimation methodology: Bottom-up approach

  • The bottom-up approach was implemented for the data extracted from secondary research to validate the share of the market segments obtained.
  • With the bottom-up approach, probiotics for each source and form for each country were added up to arrive at the global and regional market size and CAGR.
  • The pricing analysis was conducted based on source and livestock in regions. From this, the market size is derived, in terms of volume, for each region and source of probiotics in animal feed.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • The bottom-up procedure has been employed to arrive at the overall size of the probiotics in animal feed market from the revenues of key players (companies) and their product share in the market.
  • The market share was then estimated for each company to verify the revenue share used earlier in the bottom-up procedure. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent and each individual market have been determined and confirmed in this study.

Data Triangulation

After arriving at the overall market size from the above estimation process using both top-down and bottom-up approaches, the total market was split into several segments and subsegments. To complete the overall probiotics in animal feed market estimation and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

The Food and Agriculture Organization of the United Nations (FAO) and World Health Organization (WHO) Working Group define probiotics as “live micro-organisms which when administered in adequate amounts confer a health benefit on the host. However, there are several types, including bacteria or non-bacterial; spore-forming and non-spore-forming; multi-species or single-species; and allochthonous or autochthonous; those are that are or aren’t likely to be found in an animal’s gastrointestinal tract (FAO/WHO, 2001).”

Key Stakeholders

  • Supply-side: Manufacturers and traders of probiotics used in animal feed, manufacturers and processors of animal feed, raw material suppliers, importers, and exporters of probiotics used in animal feed.
  • Demand-side: Livestock producers, veterinarians, and research organizations
  • Regulatory-side: Related government authorities, commercial research & development (R&D) institutes, and other regulatory bodies

Report Objectives

Market Intelligence

  • Determining and projecting the size of the probiotics in animal feed market based on source, form, livestock, function (qualitative) distribution channel (qualitative), and region over a five-year period ranging from 2023 to 2028.
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions
  • Analyzing the demand-side factors based on the following:
    • Impact of macro- and micro-economic factors on the market
    • Shifts in demand patterns across different subsegments and regions.
  • Providing detailed information about the key factors influencing the probiotics in animal feed market growth (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders.
  • To strategically profile the key players and comprehensively analyze their core competencies.
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) in the probiotics in animal feed market.

Competitive Intelligence

  • Identifying and profiling the key market players in the probiotics in animal feed market
  • Providing a comparative analysis of the market leaders based on the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key region.
  • Analyzing the value chain and regulatory frameworks across regions and their impact on prominent market players
  • Providing insights into the key investments and product innovations and technology in the probiotics in animal feed market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to company-specific scientific needs.

The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company.

Geographic Analysis

With the given market data, MarketsandMarkets offers customizations according to the company-specific scientific needs.

  • Further breakdown of the Rest of European probiotics in animal feed market, by key country
  • Further breakdown of the Rest of South America probiotics in animal feed market, by key country

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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