The global probiotics in animal feed market size is expected to reach USD 8.8 billion by 2028 and register a CAGR of 7.4%, according to the latest report by Reports and Data. Increasing demand for dairy and meat products owing to rapidly growing population are some key factors driving overall market revenue growth.
Probiotics are live bacteria and yeasts that are essential for enhancing overall health and nutrition in animals. Probiotics are supplements and help to boost immunity and maintain microbial gut flora of animals. There has been a major increase in demand for probiotics in animal feed due to health benefits associated with consumption. Livestock farmers are aware of the shifting focus among health-conscious consumers regarding food products they prefer and are increasingly focusing on providing nutrient-rich food to livestock to cater to demand and drive profits.
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However, international quality standards and strict norms for animal feed probiotics along with high cost for R&D activities for developing new probiotic strains is expected to limit growth of the market to some extent over the forecast period.
Key players in the global probiotics in animal feed market are Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DuPont De Nemours, Inc. (US), Evonik Industries (Germany), Land O’Lakes (US), Lallemand (Canada), Bluestar Adisseo Co. (China), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Schouw & Co. (Denmark), Unique Biotech (India), Pure Cultures (US), Kerry (Ireland), and Mitsui & Co., Ltd. (Japan).
For this study, Reports and Data has segmented the global probiotics in animal feed market based on source, form, livestock, and region:
Based On Source: (Revenue, USD Billion, 2018 – 2028)
Based On Form: (Revenue, USD Billion, 2018 – 2028)
Based On Livestock: (Revenue, USD Billion, 2018 – 2028)
Based On Region: (Revenue, USD Billion, 2018 – 2028)
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Some key highlights from the report:
Key insights presented in the report:
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Table Of content:
1. Methodology and Scope
2. Executive Summary
3. Market Research Methodology
4. Market Landscape
……
11. Company Profiles
11.1 Chr. Hansen Holding A/S
11.1.1 Company Overview 11.1.2 Financial Updates 11.1.3 Product/Business Segment Overview 11.1.4 Strategy 11.1.5 Key Developments 11.1.6 SWOT Analysis
11.2 Novozymes
11.2.1 Company Overview
Continued…
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