Probiotics in Animal Feed Market to Worth USD 6.24 Billion Forecast 2026; Says Fortune Business Insights

Pune, India, Oct. 15, 2021 (GLOBE NEWSWIRE) — The global probiotics in animal feed market are likely to benefit from the increasing awareness regarding animal health welfare. The market was valued at USD 3.56 Bn in 2018. Fortune Business Insights has predicted that the market will reach USD 6.24 Bn by 2026, thereby exhibiting a CAGR of 7.30%.

The benefits of probiotics in animal nutrition have created a high demand for these products across the world. The growing emphasis on animal health and welfare and the increasing trend of commercial livestock farming have led to the availability of new products in the marketplace. The growing focus on research and development in probiotics to substitute antibiotic growth promoter feed additives has led to the increasing popularity of probiotics in animal feed.

The use of probiotics in poultry farming and breeding is expected to enhance the productivity and performance of feed products. The report states that the rising uptake of probiotics over various domains will aid the growth of the global probiotics in the animal feed market in the forthcoming years. Fortune Business Insights has profiled some of the leading companies in the market that have made a significant impact on the global market.

Companies that are operating in the global probiotics in animal feed market are:

• Chr. Hansen A/S
• Danisco A/S
• Koninklijke DSM N.V.
• Lallemand Inc.
• Calpis Co
• Provita Eurotech Ltd
• Orffa International Holding B.V.
• BIOMIN Holding GmbH
• Novus International Inc.
• Evonik Industries

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Increasing Applications in Poultry Farming to Enable Growth

The rising uptake of probiotics in poultry farming has resulted primarily from the increasing demand for the enhanced nutritional health of inbred animals. Rising adoption of a healthy lifestyle has created the demand for clean-label meat and other poultry products. Fortune Business Insights has predicted that probiotics will find increasing applications in poultry farming in the coming years. In 2019, Biomin launched the Poultrystar Hatchery Geldrop aimed at nutritional enrichment of day old chicks. The water solubility of the product helped overcome the food delivery barrier and this property added to the demand for this product across the world. Fortune Business Insights tracks product launches, similar to Biomin’s latest Geldrop and gauges the impact of such products on the global market.

‘Moderately Consolidated’ Market – Strong Prominence of Key Global Giants

The global probiotics in the animal feed market is consolidated in nature, as few companies account for a large market share. High-cost factor associated with R&D for development of probiotic strains for commercial use limits the entry of market players in the industry. In recent years, existing companies have been putting in more efforts in the research and development of existing products, and in doing so they aim to strengthen their market presence.

Among the several strategies adopted by leading companies, Fortune Business Insights has identified one key strategy that has made a positive impact on the global market. In order to further strengthen the consolidation of the industry, companies are looking to shift their focus on emerging markets and to gain a competitive edge over their regional and private-label counterparts. The report focuses on company activities and business strategies similar to the aforementioned factors and gauges their impact on the global market.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018

Detailed Table of Content:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Overview of the Parent/Related Markets
  • Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
  • Probiotics Consumption and Buying Behaviour Analysis
• Global Probiotics in Animal Feed Market Analysis, Insights and Forecast, 2015-2026
  • Key Findings / Summary
  • Market Analysis, Insights and Forecast – By Microbial Genus
    • Lactobacillus
    • Bifidobacterium
    • Yeast and Other Microbes
  • Market Analysis, Insights and Forecast – By Application
    • Ruminant
    • Poultry
    • Swine
    • Aquaculture
    • Others
  • Market Analysis, Insights and Forecast – By Geography
    • North America
    • Europe
    • Asia Pacific
    • South America
    • Middle East & Africa

TOC Continued…!

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Have a Look at Related Research Insights:

Probiotics Market Size, Share & COVID-19 Impact Analysis, By Microbial Genus Lactobacillus, Bifidobacterium, and Yeast), Application (Functional Foods & Beverages, Dietary Supplements, and Animal Feed), Distribution Channel Supermarkets/Hypermarkets, Pharmacies/Health Stores, Convenience Stores, Online Retail, and Others), and Regional Forecast, 2020-2027

Feed Antibiotics Market Size, Share and Global Trend By Animal (Livestock, Companion), By Product (Tetracycline, Penicillin, Sulfonamide, Macrolide, Cephalosporin, Fluoroquinolone, Others), By Mode of Delivery (Premixes, Oral Powder, Injection), By End-user (Veterinary Hospitals, Home care, Others) and Geography Forecast till 2021-2028

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