The Global "Feed Probiotics Market" is expected to grow at a high CAGR of 7% during the forecasting period (2022-2029).
Feed Probiotics Market Insights
Metrics |
Details |
Market CAGR |
7% |
Segments Covered |
By Source, By Form, By Animal and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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Probiotics are living microorganisms, including lactobacillus species, Bifidobacterium species, and yeasts, that beneficially affect the host upon ingestion by improving the balance of intestines in animals. The key benefits of overfeeding probiotics consumption include decreased occurrence of diarrhea, immunostimulation, pathogen resistance, and mucosal integrity maintenance.
Probiotics are increasingly used in commercial animal production operations to alter gastrointestinal flora, thereby improving animal health and productivity—the major outcomes from using probiotics include improving animal growth, reducing mortality, and improving feed conversion efficiency. Growing awareness among pet owners, cattle farmers regarding the advantages of probiotics in animals’ health is a major opportunity for the players operating in probiotics manufacturing. Probiotic companies continue to roll out new probiotic products. Some major companies and their probiotic products are Adisseo, which offers its spore-forming Bacillus subtilis Alterion probiotic strain targeting poultry. Since 2016, Adisseo has successfully launched Alterion probiotics. Alterion sales have increased strongly owing to the growing penetration in existing geographies and geographical expansion.
An increase in meat consumption globally will drive the global feed probiotics market. According to the United Nations Food and Agriculture Organization (FAO), Global meat consumption is expected to increase by 15% by 2027. Adding to this, there is a growing prevalence of harmful effects of using antibiotics in livestock among the public. Producers being more aware of the advantages and the increase in output by using probiotics and the harmful effects of antibiotics is expected to boost the market.
However, the lack of strict restrictions on antibiotics hinders probiotic growth across the globe during the forecast period. Also, rapid research in synthetic meat may hinder the market. Synthetic meat has taken huge strides, especially in developed countries like the U.S. in recent times. Bill Gates, in an interview with MIT Technology, said that “all rich countries should move to 100% synthetic beef.”
Covid-19 Impact Analysis
While the global trade came to halt during the lockdowns imposed to control the spread of novel coronavirus, the food industry has been impacted by severe freight challenges. The sales of meat and dairy declined in the food industry, particularly in food service and HoReCa. This weakened business in the global food industry imposed a negative impact on the feed probiotics market. Livestock producers struggled with an oversupply situation in the initial phase of the pandemic which resulted in cost cuttings which reflected in cutting down on supplements like probiotics. Supply chain slowdowns, as well as lower consumption of meat and meat-based products, reduced the sales. However, the market is expected to return to normal once the pandemic ends. The real challenge then is to meet the suddenly rising demand.
The global feed probiotics market is segmented on sources into lactobacilli, bifidobacteria, and others.
Lactobacillus is the most commonly used probiotic agent, improves growth performance, feed conversion efficiency, nutrient utilization, intestinal microbiota, gut health, and regulates animals' immune systems. The research revealed that large numbers of lactobacilli or bifidobacteria were present in the intestine of healthy animals, yet much less in animals that are weakened due to stress. Lactobacilli Significantly increases the levels of amylase in the small intestine but significantly reduced the intestinal and fecal beta-glucuronidase and fecal beta-glucosidase, thereby stimulating growth, increasing feed intake.
By animal type, probiotics have been segmented into poultry, dairy, aqua, swine, pets among others. Poultry is the largest segment and is expected to dominate in the forecast period owing to the large consumption of poultry in the Asia Pacific region, which is backed by highly populated developing countries like India and China. Along with development, people are tending more towards a protein-rich diet which will increase meat consumption which will in turn increase probiotics sales.
By region, the global feed probiotics market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Although North America is leading currently owing to the major companies and huge investments in research & development, the Asia-Pacific region is expected to dominate the global feed probiotics market in the forecast period due to the huge presence of livestock population and growing interests among the farming communities towards improvised feed. Moving forward, given the harmful health effects associated with antibiotics, we may propel towards the strict implementation of laws and lead to growth in the use of these probiotic types. Furthermore, increasing technological advancements to over the challenges faced by existing probiotics in animals shall be addressed; thereby, consumption is expected to propel in developing countries like India.
Major players are investing immense funds in research and development to discover entirely novel products and applications. The majority of the manufacturer’s products are specific to poultry, aquaculture, and swine. Implementing strict antibiotics restrictions will help probiotics products penetrate much higher into the poultry industry across the globe. The market is competitive in terms of new product launches and acquisitions. Adisseo and Novozymes, two global leaders in the animal nutrition and feed additive industry, have jointly launched probiotic products for poultry, called Alterion, in the U.S. market and several countries in the Middle East and Southeast Asia.
Novozymes A/S
Novozymes A/S is a biotechnology-based company. The Company researches develop, produces, and sells enzymes for industrial use. Based in Denmark, the company has over 6000 employees and operations around the world, including in China, India, Brazil, Argentina, the United Kingdom, the United States, and Canada.
Product Portfolio of Novozymes A/S
Key Developments
Some of the key players in the global feed probiotics market include Archer Daniels Midland Company, Evonik Industries AG, Cargill, Incorporated., Alltech, are among many others.
**The global feed probiotics report will provide access to approximately 62 market data tables, 60 figures, and 230 pages.
What is the Projected CAGR value of the Feed Probiotics Market?
Feed Probiotics Market is expected to grow at a CAGR of 7% during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls the Feed Probiotics Market during 2022-2029.
Which is the fastest growing region in the Feed Probiotics Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.
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