|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
3.90 billion
|
|
CAGR
(2023-2028)
|
7.09%
|
|
Fastest
Growing Segment
|
Poultry
|
|
Largest
Market
|
Asia
Pacific
|
Market Overview
Global
Probiotics in Animal Feed Market has valued at USD 3.90 billion in 2022 and is
anticipated to project robust growth in the forecast period with a CAGR of 7.09%
through 2028. The global probiotics in animal feed market is a rapidly evolving
segment within the broader animal nutrition industry. Probiotics, which are
live beneficial microorganisms, have gained prominence as feed additives that
promote animal health and improve performance.
The
global probiotics in animal feed market is on a growth trajectory driven by the
need for sustainable and efficient animal farming practices, the shift away
from antibiotics, and the increasing awareness of the benefits of probiotics
for animal health and performance. As the industry continues to evolve, it
offers opportunities for companies to develop and provide innovative probiotic
solutions that cater to the diverse needs of animal producers worldwide.
Key Market Drivers
Increasing Demand for Animal
Protein
The
"Increasing Demand for Animal Protein" is a significant market driver
for the growth of the global probiotics in animal feed market. This driver is
rooted in the rising global demand for products derived from livestock,
including meat, milk, and eggs. As the
global population continues to grow, particularly in emerging economies, the
demand for animal protein has surged. With more people moving to urban areas
and experiencing higher incomes, dietary preferences are shifting towards
protein-rich diets. This trend is driving the need for increased animal farming
and production. Diets rich in protein are associated with improved nutrition
and overall health. As consumers become more health-conscious and aware of the
benefits of protein, there is a growing demand for animal-based protein
sources. This includes not only traditional animal protein products but also
non-traditional sources like aquaculture, which is also experiencing rapid
growth.
As
middle-class populations expand in many parts of the world, there is a shift in
dietary habits towards more meat consumption. This shift is particularly
notable in regions like Asia, where traditional diets were often plant-based.
This change is driving up the demand for animal protein, which, in turn, fuels
the need for efficient and sustainable animal production. Probiotics in animal
feed offer a range of benefits that are especially pertinent in the context of
increasing demand for animal protein. Probiotics can enhance the efficiency of
digestion and nutrient absorption in animals, leading to improved growth rates
and higher production yields. By optimizing the utilization of feed, probiotics
help livestock and poultry producers meet the demand for animal protein without
having to expand production facilities. Modern consumers are increasingly
health-conscious and concerned about the source and quality of the food they
consume. They seek animal products that are produced sustainably, ethically,
and with minimal use of antibiotics or other pharmaceuticals. Probiotics
support these goals by promoting animal health naturally, reducing the need for
antibiotics, and improving the overall well-being of the animals in the food
supply chain.
Focus on Animal Health and
Welfare
The
"Focus on Animal Health and Welfare" is a key market driver for the
growth of the global probiotics in animal feed market. This driver reflects an
increasing emphasis on ensuring the well-being of animals in the agricultural
and livestock industries. The focus on animal health and welfare has a profound
impact on the adoption of probiotics in animal feed. There is growing consumer
awareness and concern regarding the treatment of animals in the food supply
chain. Consumers are increasingly seeking products that are produced in a
humane and ethical manner. In response to these concerns, regulatory bodies in
various countries are introducing and enforcing stricter animal welfare
standards. This shift is compelling producers to explore alternatives to traditional
pharmaceutical interventions, such as antibiotics, to maintain animal health.
Probiotics offer a natural, sustainable, and ethical approach to improving
animal health and welfare. In many regions, the use of antibiotics in animal
farming is being restricted or banned due to concerns about antimicrobial
resistance and public health. As a result, livestock producers are seeking
alternative strategies to keep their animals healthy and productive. Probiotics
have gained prominence as a suitable replacement for antibiotics, as they
promote a balanced gut microbiome and can help prevent and manage digestive
disorders and other health issues without the need for pharmaceuticals.
Probiotics
play a critical role in maintaining a balanced gut microbiome in animals. A
well-balanced microbiome is associated with better digestion, nutrient
absorption, and overall health. By promoting gut health, probiotics can reduce
the occurrence of common digestive disorders, such as diarrhea, and enhance the
animal's overall well-being. This aligns with the goal of ensuring animal
health and welfare. The use of probiotics can help reduce stress in animals,
which can occur due to factors like transportation, environmental changes, or
overcrowding. Stress can weaken the immune system and make animals more
susceptible to diseases. Probiotics support the immune system and can help
reduce the incidence of diseases, contributing to overall animal health and
welfare. As concerns about sustainability and the environmental impact of
animal agriculture grow, there is a need to reduce the environmental footprint
of livestock and poultry production. Probiotics can contribute to
sustainability by improving feed conversion efficiency and reducing the
production of methane gas in ruminant animals. This aligns with broader
sustainability goals and ethical considerations in animal farming.
Regulatory Support and Ban on
Antibiotics
"Regulatory
Support and Ban on Antibiotics" is a significant market driver
contributing to the growth of the global probiotics in animal feed market. This
driver is closely tied to changing regulations and policies aimed at reducing
antibiotic use in animal agriculture. Antibiotic resistance is a global public
health concern. Overuse and misuse of antibiotics in both human medicine and
animal agriculture have led to the development of antibiotic-resistant strains
of bacteria. These antibiotic-resistant bacteria can pose a significant threat
to human health by rendering antibiotics less effective in treating bacterial
infections. In response to this concern, regulatory authorities have
implemented measures to reduce the use of antibiotics in animal farming. Many
countries and regions have imposed strict regulations and bans on the use of
antibiotics in animal feed. These regulations are designed to limit the use of
antibiotics for growth promotion and disease prevention in animals. Such
restrictions aim to encourage the adoption of alternative solutions that are
less likely to contribute to antibiotic resistance.
As
a result of these regulatory changes, there has been a shift in the animal
agriculture industry towards the responsible use of antibiotics. Producers are
under pressure to find effective ways to manage the health and growth of their
animals without relying on antibiotics. Probiotics have emerged as a viable alternative
because they promote animal health and well-being naturally without
contributing to antibiotic resistance. Probiotics, which are live beneficial
microorganisms, have gained favor as a natural, safe, and sustainable
alternative to antibiotics. They work by maintaining a balanced gut microbiome
in animals, which enhances digestion, nutrient absorption, and overall health.
This, in turn, helps prevent common diseases and improves animal growth and
productivity. Probiotics support animal health without the risks associated
with antibiotic use. Regulatory support and bans on antibiotics have created
incentives for the adoption of probiotics in animal feed. In some cases,
governments offer financial incentives or subsidies to producers who adopt
probiotics as a means of promoting animal health while adhering to antibiotic
reduction goals. This support has accelerated the adoption of probiotics in the
industry.
Growing Awareness of
Probiotics' Benefits
The
"Growing Awareness of Probiotics' Benefits" is a significant market
driver for the growth of the global probiotics in animal feed market. This
driver is rooted in the increasing understanding of the positive impact that
probiotics can have on animal health, performance, and overall well-being. A
substantial body of scientific research has been conducted to better understand
the role of probiotics in animal health and performance. This research has
provided compelling evidence that probiotics, when administered in appropriate
quantities, can have a wide range of benefits. These benefits include improved
digestion, enhanced nutrient absorption, immune system support, and a reduction
in the incidence of digestive disorders. This growing scientific knowledge has
been instrumental in increasing awareness of probiotics' potential in animal
feed. As the awareness of probiotics' benefits spreads, many livestock and
poultry producers have come to recognize the practical advantages of using
probiotics in their operations. Probiotics are known to enhance growth rates
and production yields by optimizing the digestion and absorption of nutrients.
This, in turn, can lead to more efficient and profitable animal farming,
attracting producers' attention.
There
is a heightened global focus on health and sustainability in food production.
Consumers are increasingly conscious of how animals are raised and how their
food is sourced. Probiotics are perceived as a natural and sustainable approach
to animal health, aligning with consumer preferences for products that are
produced with minimal reliance on antibiotics or synthetic growth promoters.
The growing awareness of these health and sustainability concerns is driving
demand for probiotic-enhanced animal feed. Veterinarians and animal
nutritionists are key stakeholders in the livestock and poultry industries. As
they become more aware of the benefits of probiotics, they often recommend
their use to livestock producers. The credibility and expertise of these professionals
play a crucial role in driving the adoption of probiotics in animal farming
practices. Probiotic manufacturers and suppliers actively promote the benefits
of their products through marketing and educational initiatives. They work to
inform producers and other industry stakeholders about the advantages of
incorporating probiotics into animal feed. This proactive promotion has
contributed to the growing awareness of probiotics' benefits and their
potential to improve animal health and performance.
Download Free Sample Report
Key Market Challenges
Regulatory Hurdles and
Standards
Regulatory
frameworks and standards for probiotics in animal feed can vary significantly
from one country or region to another. Inconsistencies in regulations can
create challenges for producers and suppliers who operate in multiple markets.
Meeting the regulatory requirements in each jurisdiction can be time-consuming
and costly. Additionally, regulatory changes, such as those affecting the
approval process for probiotic strains, can create uncertainty and slow down
market growth.
Moreover,
while some countries have introduced regulations to support the use of
probiotics, others have yet to establish clear guidelines. The absence of
specific regulations in certain markets can deter potential investments and
market expansion. To address these challenges, industry stakeholders need to
actively engage with regulatory authorities to establish clear, harmonized
standards and facilitate compliance.
Product Stability and
Viability
Probiotics
are living microorganisms, and their viability is essential for their
effectiveness. Maintaining the stability and viability of probiotics throughout
the manufacturing, storage, and distribution processes can be a significant
challenge. Factors like temperature, humidity, and oxygen exposure can impact
the survivability of probiotic strains. Ensuring that probiotics remain active
and viable until they reach the animals' digestive systems is essential for
achieving the desired health and performance benefits.
To
address this challenge, investments in research and development are necessary
to enhance probiotic formulation and production techniques. Additionally,
appropriate packaging and storage conditions need to be implemented to preserve
probiotic viability.
Cost Considerations
The
cost of incorporating probiotics into animal feed can be relatively high,
especially when compared to conventional feed additives like antibiotics. While
the long-term benefits of probiotics in terms of improved animal health and
productivity are well-established, the initial investment and operational costs
can be a deterrent for some producers, particularly those operating with tight
profit margins.
Industry
stakeholders must work to demonstrate the return on investment (ROI) of using
probiotics through rigorous research, case studies, and testimonials from
producers who have experienced positive outcomes. Moreover, cost-effective
production methods and competitive pricing by probiotic suppliers can help
alleviate this challenge. It's also important to consider that as the
probiotics market grows and economies of scale are realized, costs may become
more competitive.
Key Market Trends
Rising Demand for Natural and
Sustainable Solutions
One
of the most prominent trends in the global probiotics in animal feed market is the
increasing demand for natural and sustainable solutions in animal agriculture.
Consumers are becoming more conscious of how their food is produced and are
looking for products that align with ethical and sustainable practices.
Probiotics are viewed as a natural, eco-friendly, and sustainable alternative
to antibiotics and synthetic growth promoters. They support animal health and
welfare without the potential drawbacks associated with conventional
pharmaceuticals. As such, the trend toward natural and sustainable animal
farming practices is driving the adoption of probiotics in animal feed.
Precision Livestock Farming
and Data-Driven Solutions
The
adoption of technology and data-driven solutions in animal farming is on the
rise. Precision livestock farming (PLF) involves the use of various
technologies, including sensors, data analytics, and automation, to monitor and
manage animal health, nutrition, and production. Probiotics are increasingly
being integrated into PLF systems to enhance the health and performance of
animals. Producers can monitor the effectiveness of probiotics and adjust their
usage based on real-time data, optimizing their impact on animal health and
productivity. This trend reflects a growing reliance on data-driven
decision-making and precision in animal farming.
Expansion of Probiotic Product
Portfolio
The
global probiotics in animal feed market is witnessing a broadening of the
probiotic product portfolio. Initially, probiotics were primarily used in
poultry and swine production. However, there is a growing trend toward
diversifying the use of probiotics to include various species such as cattle,
aquaculture, and even companion animals. As research continues to explore the
benefits of probiotics in different animal species, the market is expanding to
cater to a wider range of customers. This trend represents an increased
recognition of probiotics as a versatile solution for improving animal health
and performance across various sectors of the animal farming industry.
Segmental Insights
Livestock Insights
Based
on the category of Livestock, the Poultry segment emerged as the dominant
player in the global market for Probiotics in Animal Feed in 2022. Poultry is
one of the most consumed meats globally, and the demand for poultry meat and
eggs is expected to continue to grow in the coming years. This rising demand is
driving the need for probiotics in poultry feed to improve animal health and
productivity.
Probiotics
offer several benefits for poultry, including Improved gut health and nutrient
absorption, Enhanced immune system function. Reduced risk of
antibiotic-resistant bacteria. Increased feed efficiency and growth rate.
Probiotics
have been widely adopted in poultry feed due to their proven benefits and
cost-effectiveness. Poultry producers are increasingly recognizing the value of
probiotics in improving animal health and performance. The regulatory
environment for probiotics in poultry feed is generally favorable, with most
countries allowing the use of probiotics without additional restrictions. Consumers
are increasingly demanding organic and natural poultry products, and probiotics
are a natural way to improve animal health and productivity. This trend is
further driving the demand for probiotics in poultry feed. These factors are
expected to drive the growth of this segment.
Source Insight
Based
on the category of Source, the bacterial segment
emerged as the dominant player in the global market for Probiotics in Animal
Feed in 2022. The bacterial segment has benefited from
extensive research and development, leading to a better understanding of the
specific strains of bacteria that are most beneficial for animal health and
productivity. Bacterial probiotics have been shown to be effective in improving
gut health, nutrient absorption, immune system function, and reducing the risk
of antibiotic-resistant bacteria in animals. Bacterial probiotics are more
widely available and generally less expensive than yeast and fungi probiotics,
making them a more attractive option for animal producers. The regulatory
environment for bacterial probiotics in animal feed is generally favorable,
with most countries allowing the use of bacterial probiotics without additional
restrictions. Consumers are increasingly demanding organic and natural
probiotics for their animals, and bacterial probiotics are a natural source of
beneficial microorganisms. This trend is further driving the demand for
bacterial probiotics in animal feed.
The
bacterial segment is expected to maintain its dominance in the Global
Probiotics in Animal Feed Market in the near future due to the continued
research and development in this area, the proven effectiveness of bacterial
probiotics, and the favorable regulatory environment. These factors are
expected to drive the growth of this segment.
Form Insight
Based
on the category of Form, the dry segment emerged as the dominant player in the
global market for Probiotics in Animal Feed in 2022. Dry probiotics are easier
to store and handle than liquid probiotics, making them a more convenient
option for animal producers.
Dry
probiotics have a longer shelf life than liquid probiotics, reducing the risk
of product spoilage and waste. Dry probiotics are less bulky and lighter than
liquid probiotics, resulting in lower transportation costs. Dry probiotics can
be easily incorporated into various feed types, including pelleted, extruded,
and mash feeds. Dry probiotics are generally compatible with other feed
additives, allowing for the combination of probiotics with other beneficial
ingredients in animal feed. The dry segment is expected to maintain its
dominance in the Global Probiotics in Animal Feed Market in the near future due
to the continued advantages of dry probiotics, such as ease of storage,
handling, and compatibility with various feed types. However, the liquid
segment is also expected to experience significant growth in the coming years,
driven by the increasing demand for high-potency probiotics and the potential
benefits of liquid probiotics for specific animal species.
Distribution Channel Insights
The
retail stores segment is projected to experience rapid growth during the
forecast period. Retail stores offer a convenient and accessible way for animal
producers to purchase probiotics. Farmers and pet owners can easily find and
purchase probiotics at their local feed stores, pet stores, or agricultural
retailers.
Retail
stores typically carry a wide variety of probiotic products from different
brands and manufacturers, allowing consumers to choose the product that best
suits their needs. Retail stores often have knowledgeable staff members who can
provide expert guidance and advice on selecting the right probiotics for
specific animal species and health conditions. Retail stores often carry
well-known and trusted brands of probiotics, giving consumers confidence in the
quality and efficacy of the products they are purchasing. Retail stores often
engage in marketing and promotional activities to raise awareness of probiotics
and attract customers, further driving sales. The retail stores segment is
expected to maintain its dominance in the Global Probiotics in Animal Feed
Market in the near future due to the continued convenience, accessibility, and
wide availability of products offered by retail channels. These factors
collectively contribute to the growth of this segment.
Download Free Sample Report
Regional Insights
Asia
Pacific emerged as the dominant player in the global Probiotics in Animal Feed
market in 2022, holding the largest market share in terms of value. The Asia
Pacific region boasts the world's largest population, with a rapidly growing
middle class and increasing disposable income. This translates into a rising
demand for meat and dairy products, leading to a higher demand for probiotics
in animal feed. Animal production is expanding rapidly in Asia Pacific,
particularly in countries like China, India, and Vietnam. This expansion is
driven by factors such as favorable climatic conditions, government initiatives
to promote agriculture, and increasing demand for locally produced animal
products. Open-pollinated probiotic strains are widely preferred in Asia
Pacific due to their cost-effectiveness, adaptability to local conditions, and
cultural preferences. This preference drives the demand for open-pollinated
probiotic animal feed. Several major seed companies are based in Asia Pacific,
such as Yuanlongping High-Tech Agriculture Co. Ltd., Kaifeng Sunseeds Group
Co., Ltd., and Beijing Dahua Seed Co., Ltd. These companies contribute
significantly to the region's market share. Asia Pacific is expected to
maintain its dominance in the Global Probiotics in Animal Feed Market in the
near future due to its vast population, expanding animal production, preference
for open-pollinated varieties, and strong presence of seed companies.
The
North America market is poised to be the fastest-growing market, offering
lucrative growth opportunities for Probiotics in Animal Feed players during the
forecast period. Factors such as increasing health concerns, a burgeoning
senior population, rising healthcare spending, growing disposable income, and
the emergence of local market players are expected to fuel market growth in the
region. Additionally, improvements in the healthcare system, government
subsidies facilitating the establishment of production facilities by industry
giants, low labor costs, and easy access to raw materials are anticipated to
further support the growth of the North America Probiotics in Animal Feed
market.
Recent Developments
- In
October 2023 - ADM Inc. announces the launch of its new product, Terramar
Omega-3 Fish Feed. Terramar Omega-3 Fish Feed is a fish feed that is high in
omega-3 fatty acids. Omega-3 fatty acids are essential for the health of fish,
and they can also benefit human health.
- In October 2023, IFF announces that it
has been awarded the 2023 Supplier Sustainability Leadership Award by CDP, a
non-profit organization that rates companies on their environmental impact.
- In
October 2023, Evonik announces that it is expanding its production capacity for
its RESINA resins, which are used in a variety of applications, including
adhesives, sealants, and coatings. The expansion is expected to be completed by
the end of 2024.
Key Market Players
- ADM
Inc.
- International Flavors & Fragrances
Inc.
- CHR. Hansen Holding A/S
- Evonik Industries AG
- DSM BV
- Ohly GmbH
- Alltech Inc.
- Kemin Industries Inc.
- Provita Animal Health
- Lallemand Inc.
- Glanbia Plc
|
By
Livestock
|
By
Source
|
By
Form
|
By
Distribution Channel
|
By
Region
|
- Poultry
- Swine
- Ruminants
- Aquaculture
- Pets
- Others
|
|
|
|
- North
America
- Europe
- Asia
Pacific
- South
America
- Middle
East & Africa
|
Report Scope:
In this report, the Global Probiotics in Animal
Feed Market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
- Probiotics in Animal Feed Market, By Livestock:
o Poultry
o Swine
o Ruminants
o Aquaculture
o Pets
o Others
- Probiotics in Animal Feed Market, By Source:
o Bacteria
o Yeast & Fungi
- Probiotics in Animal Feed Market, By Form:
o Dry
o Liquid
- Probiotics in Animal Feed Market, By Distribution Channel:
o Retail Stores
o Others
- Probiotics in Animal Feed Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Probiotics
in Animal Feed Market.
Available Customizations:
Global Probiotics in Animal Feed market report
with the given market data, Tech Sci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Global Probiotics in
Animal Feed Market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]