Pet Probiotics Market is expected to grow at a CAGR of 7.04% during the forecasting period 2021-2028.

The global pet probiotics market reached USD 3,112.86 million in 2020, and it is expected to record growth at a CAGR of 7.04% to reach USD XX million by 2028

Pet probiotics are specific strains of microorganisms that are served to pets in the proper amount to have a beneficial effect. This improves health and reduces the risk of falling sick. Various bacterial strains are commercially available in the market, such as Lactobacillus thermophilus, Bacillus subtilis and others. Moreover, the use of probiotics as feed supplements in animal production has grown considerably over the last decade, especially after the ban on antibiotic growth promoters in the livestock sector.

On the basis of livestock, the pet feed market is segmented into poultry, cattle,  ruminants, swine, aquaculture, pet (dogs and cats), equine and others (birds, sheep). Out of the mentioned types, the poultry segment is anticipated to dominate the pet probiotics market during the forecast period. In developing regions, a large population base opts for protein-rich food options with poultry products such as eggs and meat.

On the basis of form, the dry form is expected to show significant market growth as compared to the liquid form. Easy production, storage, transportation, and mixing with feed features of the dry form of pet probiotics is accelerating the segment's market growth.

The Asia Pacific region has major revenue-generating countries such as China and India. These countries have contributed a large population base along with the increase in the middle-class population who prefer food products with health benefits with the adoption of an urbanized lifestyle. This has increased the demand for poultry products in the region, which has, in turn, driven the growth of pet probiotics in the region.

Market Dynamics

Drivers

• Increased growth in consumption of functional pet products
• Rising awareness and concerns about animal health and safety

Restraints

• Growing side effect of probiotics in pets

Increased growth in consumption of functional pet products

As per the pet food production and ingredient analysis of January 2020, it is found that pet food manufacturers in the United States use around 8.65 million tons of animal- and plant-based ingredients for dog and cat food, valued at $6.9 billion, to offer the entire nutrition that dogs require. More than 500 healthy and nutritious components are used, showcasing the variety of options available to buyers at various price points

Furthermore, according to new research, America's 500+ pet food manufacturers not only offer healthy, safe meals for America's dogs and cats, but they also help boost the agricultural economy by purchasing ingredients, labor, and services from related businesses. With over two-thirds of U.S. households owning a pet and pet food sales exceeding US$30 billion

In addition, the rising trend of millennials adopting pets is expected to boost market growth even more. According to the American Pet Products Association (APPA), approximately 38% of people in the United States own cats, with two cats being the average number per family. Europe is a significant market for high-quality pet food. As per the European Pet Food Industry Federation (FEDIAF), over 80 million European families possess one pet. Due to the increasing percentage of cat ownership in the region, cat food items are the industry leaders. 

Thus, pet food manufacturers regularly make significant efforts to meet pet owners' demands and expectations, preserve profitability and produce nutritionally balanced food for dogs and cats food manufacturers to better understand consumer tastes, hence creating market driving opportunities for pet probiotics in recent times

Geographical Analysis

The Middle East and Africa pet probiotics market are likely to reach USD XX million in 2028, from its recorded value of USD XX million in 2020, growing with a CAGR of 6.15% during the forecast period, owing to ongoing mineral beneficiation drive in various countries in the region

The Middle Eastern countries' basic cuisine includes meat, which is greatly sought after. A Ministry of Foreign Trade study found that UAE meat-eaters consume 18 times as much as the global average. To fulfill this fast-rising meat demand, the government expects to attain a meat consumption per capita of 79.0 kg in 2019. This would accelerate the rise of feed probiotics in the country in the near future

The Middle East’s probiotics business relies heavily on animal feeding, and animal feed is the single most important component in ensuring the long-term production of safe and economical animal proteins for the production of nutritious meat

More usage of feed probiotics has improved animal growth, reduced mortality, and increased feed conversion efficiency. As a result, Middle Eastern farmers may require feed vitamins to create better quality meat for Middle Eastern consumers. The pet probiotics market is predicted to develop as a result of encouragement for healthy growth in animals

Saudi Arabia will have a significant impact on the global pet probiotics market in the near future. The number of cattle and buffaloes was 361.36 thousand in 2016, and it is expected to rise to 567.04 thousand by 2019

The country’s poultry population grew from 190.1 million to 196.9 million people in the same time span. The country produced 7.2 million metric tons of feed from 11 mills in 2019 alone

The Saudi Consumer Protection Society (CPS) has spoken out against the use of antibiotics in meat and is currently working with the Saudi Food and Drug Authority (SFDA) to limit the use of antibiotics in meat. This could eventually lead to abundant opportunities for businesses targeting the Saudi Arabian feed probiotic market

Consumption of meat products is fast increasing as a result of rising health concerns and rising disposable income. Increased meat consumption is being driven by a growing appetite for high-quality, protein-rich diets

Poultry meat was the most popular in South Africa, according to the Organization for Economic Co-operation and Development (OECD). Africa imported total edible meat of USD 125.00 billion in 2018 and USD 131.00 billion in 2019, according to ITC trade. The poultry bird population was 165.3 million in 2016 and 176.3 million in 2018, according to the Food and Agriculture Organization (FAO)

In Egypt, aquaculture is the primary source of fish. Aquaculture feed in Egypt is increasingly using probiotics, which suppress infections in a variety of ways. As a rapidly expanding industry, the demand for efficient production that causes the least amount of harm to aquatic life drove manufacturers to look for better options

About Us:

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com