Probiotics in Animal Feed Market

The probiotics in animal feed market is projected to reach USD 7.1 billion by 2028 from USD 4.6 billion by 2023, at a CAGR of 9.1% during the forecast period in terms of value. The demand for probiotics in animal feed is primarily driven by 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.

The probiotics in animal feed market is poised for substantial growth in the coming years, driven by several key factors:

• Rising demand for animal-based protein
• Growing awareness of the benefits of probiotics
• Increasing focus on antibiotic-free meat production
• Expansion of the pet food industry
• Growth of the aquaculture industry

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Rising demand for animal-based protein:

• Consumers are increasingly opting for animal-based protein sources like meat, poultry, and eggs in their diets. This growing demand puts pressure on the livestock industry to produce more, which in turn drives the demand for probiotics in animal feed. Probiotics can help improve animal growth rates and feed conversion efficiency, ultimately leading to higher meat, milk, and egg production.

Growing awareness of the benefits of probiotics:

• There is a growing body of research that suggests that probiotics can offer a number of health benefits for animals, including improved gut health, enhanced immune function, and reduced risk of disease. As pet owners and livestock producers become more aware of these benefits, the demand for probiotics in animal feed is expected to rise.

Increasing focus on antibiotic-free meat production:

• The use of antibiotics in livestock production has come under scrutiny in recent years due to concerns about antibiotic resistance. This has led to a growing demand for antibiotic-free meat products. Probiotics can be a viable alternative to antibiotics in animal feed, as they can help to control pathogens and improve gut health.

Expansion of the pet food industry:

• The pet food industry is a rapidly growing market, and pet owners are increasingly willing to spend money on premium pet food products. Probiotics are becoming a popular ingredient in pet food, as they are seen as a way to improve the overall health and well-being of pets.

Growth of the aquaculture industry:

• The aquaculture industry is another important driver of the probiotics in animal feed market. Probiotics can help to improve gut health and disease resistance in fish and shrimp, which can lead to increased productivity and profitability for aquaculture producers.

Probiotics in Animal Feed Market Share - Global Industry Landscape

• 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)

These companies, along with several others, collectively shape the global probiotics in animal feed industry landscape. Market dynamics are influenced by factors such as technological innovation, regulatory compliance, strategic partnerships, and market consolidation. As the demand for probiotics in animal feed continues to rise, companies are expected to intensify their efforts to capture market share and drive innovation in probiotics in animal feed discovery, development, and commercialization.

ADM (US):

• ADM, or Archer Daniels Midland Company, is a major player in agricultural processing and ingredient manufacturing. They offer a wide range of products and services in animal nutrition, including probiotics for animal feed. ADM's market share in this specific sector may vary depending on regional factors and competition.

International Flavors & Fragrances Inc. (US):

• IFF is primarily known for its flavors and fragrances business, but it also has a presence in animal nutrition, including probiotics. Their market share in the probiotics in animal feed market may be influenced by their product quality, research, and distribution networks.

CHR. HANSEN HOLDING A/S (Denmark):

• Chr. Hansen is a global bioscience company that develops natural ingredient solutions for the food, nutritional, pharmaceutical, and agricultural industries. They are a significant player in the probiotics market, offering a range of probiotics for animal feed applications. Their market share is notable, particularly in Europe.

Evonik Industries AG (Germany):

• Evonik is a specialty chemicals company with a focus on nutrition and care, resource efficiency, and performance materials. They offer various products for animal nutrition, including probiotics for feed additives. Their market share may vary by region and product segment.

Land O'Lakes (US):

• Land O'Lakes is a cooperative agribusiness and food company primarily known for its dairy products. They also have a presence in animal nutrition, including probiotics for animal feed. Their market share may be influenced by their distribution network and brand recognition, particularly in the United States.

DSM (Netherlands):

• DSM is a global science-based company active in health, nutrition, and materials. They offer a wide range of nutritional solutions for animals, including probiotics for feed additives. DSM's market share is significant in the animal nutrition sector, owing to their reputation for quality and innovation.

Ohly (Germany):

• Ohly is a leading supplier of yeast extracts, specialty powders, and related biotechnological products. While they may not be as large as some other players on this list, they offer probiotics and other feed additives for animal nutrition. Their market share may vary by region and product niche.

Novozymes (Denmark):

• Novozymes is a global biotechnology company specializing in enzymes and microorganisms. They offer various solutions for animal nutrition, including probiotics for feed additives. Novozymes is known for its innovative approach to enzyme and microbial technology.

Alltech (US):

• Alltech is a global animal health and nutrition company known for its expertise in yeast fermentation technology. They offer a range of nutritional products, including probiotics for animal feed. Alltech has a significant presence in the probiotics market, particularly in the United States and Europe.

Kemin Industries, Inc. (US):

• Kemin is a global ingredient manufacturer focused on improving the quality, safety, and efficacy of food, feed, and health-related products. They offer probiotics and other nutritional solutions for animal feed. Kemin's market share may vary depending on their product offerings and market penetration in different regions.

Related Reports:

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