Probiotics in Animal Feed Market Worth 4.71 Billion USD by 2021

Aug 18, 2016, 05:30 ET from MarketsandMarkets

PUNE, India, August 18, 2016 /PRNewswire/ --

The report "Probiotics in Animal Feed Market by Bacteria (Lactobacilli, Streptococcus Thermophiles, and Bifidobacteria), Livestock (Cattle, Poultry, Swine, and Aquaculture), Form (Dry and Liquid), Function (Yield, Immunity, and Productivity), and by Region - Global Forecast to 2021", The global market is projected to reach USD 4.71 Billion by 2021 in terms of value, at a CAGR of 7.7% from 2016 to 2021.

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Browse 97 market data Tables and 53 Figures spread through 161 Pages and in-depth TOC on "Probiotics in Animal Feed Market"

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The demand for probiotics used in feed for animal health and nutrition has been contributing to the growth in the market. Rapidly increasing demand for quality animal products is anticipated to drive the market of probiotics in animal feed during the projection period.

"Lactobacilli bacteria segment captured the largest market share in 2015" 

The Lactobacilli bacteria segment accounted for the largest share and was followed by the Bifidobacteria segment in 2015. The growth of Lactobacilli segment was mainly due to its wide availability and wide range of applications in animal health and nutrition. All applications considered for the probiotics in animal feed products are those that are commercially available and traded. In the same year, Asia-Pacific accounted for the largest share in the bacteria segment. Europe contributed the second-largest share.

"Cattle segment captured the largest market share in 2015" 

The growth of Probiotics in Animal Feed Market is directly linked to the increasing demand for quality animal products. Probiotics-based feed additives play a critical role in providing balanced nutrition to livestocks, as well as improving feed digestibility, so as to reduce the overall feed requirements, thus saving costs. Asia-Pacific was the largest market for probiotics in animal feed and accounted for the maximum share in 2015.

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"Significant growth for probiotics in animal feed observed in the Asia-Pacific region" 

Probiotics have tremendous market opportunities in the animal feed industry around the world. The Asia-Pacific animal feed sector is significantly influenced by the preference for natural and nutritional food for animals. The demand for probiotics-based products in animal feed is continuously increasing in the Asia-Pacific region. Increasing awareness about the health benefits derived from probiotics is also the prime factor driving the demand for probiotics-based animal feed in this region.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Lallemand, Inc. (Canada), Koninklijke DSM N.V. (Netherlands), Cargill, Inc. (U.S.), Chr. Hansen Holding A/S (Denmark), and E.I. du Pont de Nemours and Company (U.S.). Other players in this segment include Lesaffre Group (France), Novozymes (Denmark), Advanced BioNutrition Corporation (U.S.), Calpis Co., Ltd. (Japan), and Nebraska Cultures Inc. (U.S.)

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