The global probiotics in animal feed market 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 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.
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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.
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).
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.
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Asia Pacific to boost market growth during the forecast period
The Asia Pacific region is expected to play a significant role in boosting the market growth of probiotics in the animal feed industry during the forecast period. Asia Pacific has a rapidly growing livestock industry driven by population growth, urbanization, and increasing demand for animal protein products. Countries like China, India, and Southeast Asian nations have witnessed a substantial increase in meat consumption. As a result, there is a growing need for improved animal nutrition and health management, which fuels the demand for probiotics in animal feed.
