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The report "Probiotics in Animal Feed Market by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria [Lactobacilli, Streptococcus Thermophilus, Bifidobacteria] and Yeast & Fungi), Form (Dry and Liquid), and Region - Global Forecast to 2025" The global probiotics in animal feed market is estimated to be valued at USD 4.6 billion in 2019 and is projected to reach about USD 7.0 billion by 2025, at a CAGR of 7.4%. The growth of this market is attributed to the rise in demand for functional animal feed products in emerging economies such as Asia Pacific and RoW.
Report Objectives:
Report Objectives:
To define, segment, and project the global market size of the probiotics in animal feed market
To understand the probiotics in animal feed market by identifying its various subsegments
To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
To project the size of the market and its submarkets, in terms of value, with respect to the regions (along with their respective key countries)
To profile key players and comprehensively analyze their core competencies
To understand the competitive landscape and identify major growth strategies adopted by players across key regions
To analyze the competitive developments such as expansions & investments, mergers & acquisitions, new product launches, partnerships, joint ventures, and agreements
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The bacteria segment is estimated to account for a larger market share, in terms of value, in 2019
Based on source, the probiotics in animal feed market is segmented into bacteria and yeast & fungi. The survival rate of bacterial strains within the gastrointestinal tract of animals is much higher as compared to yeast. Hence, bacterial strains are more preferred in the production of probiotics in animal feed.
The aquaculture segment is estimated to witness the fastest growth in the probiotics in animal feed market in 2019
By livestock, the probiotics in animal feed market is segmented into poultry, ruminants, swine, aquaculture, pets, and others (equine and rabbits). There is an increase in demand for probiotics in the feed for aquaculture due to an increase in demand for dietary animal protein. Many breeders are also developing probiotics that could cater to the all-round growth and development of aquatic animals.
The Asia Pacific region is projected to dominate the market through the forecast period
In 2018, the Asia Pacific region led the global probiotics in animal feed market. Factors such as a large livestock base, high meat consumption, and increasing consumer awareness about the positive impact of probiotics on animal health are driving the Asia Pacific market. Some of the countries contributing to the growth of this region include China, India, Japan, Australia, and New Zealand.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the probiotics in animal feed market. It includes the profiles of leading companies such as Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DowDuPont (US), Evonik Industries (Germany), Land OLakes (US). Other players include 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).
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Recent Developments:
Recent Developments:
In December 2018, Evonik (Germany) and Vland (China) formed an agreement by signing an MoU for strategic cooperation. The two companies would work on innovations related to probiotics in animal nutrition.
In October 2017, Koninklijke DSM N.V. (Netherlands) acquired Twilmij B.V. (Netherlands). The company expanded its presence in the Northwest-European region in the animal feed market.
In October 2017, Danisco Animal Nutrition (US), a business unit of DuPont Industrial Bioscience, launched Enviva PRO, a three-strain Bacillus probiotic, for the European market.
In September 2016, Chr. Hansen (Denmark) signed a partnership with LinkAsia Partners (Singapore). The partnership was expected to help Chr. Hansen's R&D expertise, as it was beneficial to its probiotic solutions, such as GalliPro and BioPlus, in the Asia Pacific region.
In November 2016, Land O’ Lakes (US) signed an agreement with Southern States Cooperatives Incorporated (US) to acquire its feed business.
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