DUBLIN, May 2, 2019 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
The global probiotics in animal feed market is estimated to be valued at USD 4.6 billion in 2019 and is projected to reach USD 7.0 billion by 2025, at a CAGR of 7.4%.
The market is driven by factors such as growth in the consumption of animal-based products, the shift of livestock industry from unorganized to an organized one, and increase in focus on animal health to prevent disease outbreaks.
By source, the bacteria segment is projected to account for a larger market share during the forecast period.
The market for probiotics in animal feed is segmented into bacteria and yeast & fungi. The bacteria segment is projected to hold the largest market in 2025. This is due to the fact that bacteria have higher survival rates in the gastrointestinal tracts of animals. Hence, they are used more often in the preparation of probiotics in animal feed.
Due to the growing need for lowering transportation costs, the dry form segment is projected to grow at the highest CAGR during the forecast period.
Based on form, the market for probiotics in animal feed is segmented into dry and liquid forms. The dry form of probiotics is preferred due to the ease of transportation and increased shelf-life, as opposed to the liquid form, which has a higher moisture content, due to which there are higher chances of uncontrolled culturing, which makes the feed unsuitable for consumption.
Asia Pacific is projected to be the fastest-growing region in the probiotics in animal feed market, owing to high meat consumption and a large livestock base in the region.
In 2018, the Asia Pacific region led the global probiotics in animal feed market. The region held a market share of 39.0%. 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 that contribute to the growth of this region include China, India, Japan, Australia, and New Zealand.
- Growth in Consumption of Animal-Based Products
- Shift of the Livestock Industry From Being an Unorganized Sector to an Organized One
- Increase in Focus on Animal Health to Prevent Disease Outbreaks
- International Quality Standards and Regulations has Probiotics in Animal Feed Products
- Ban on the Use of AGPs (Antibiotic Growth Promoters) in Animal Feed
- Implementation of Innovative Animal Husbandry Practices to Improve the Quality of Meat
- Shift Toward Natural Growth Promoters
- High R&D Costs has Developing New Probiotic Strains
- Bluestar Adisseo Company
- Calpis Co., Ltd.
- Chr. Hansen
- Evonik Industries
- Kerry Group
- Koninklijke DSM N.V.
- Land O'lakes
- Mitsui & Co. Ltd (Novus International)
- Pure Cultures
- Schouw & Co.
- Unique Biotech
For more information about this report visit https://www.researchandmarkets.com/r/xldpq2
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