Pet Probiotics Market
Pet Probiotics Market is segmented By Livestock (Cattle, Swine, Aquaculture, Pet, Equine, Others), By Form (Dry, Liquid, Capsules, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
[150 Pages Report] Pet Probiotics Market is expected to grow at a CAGR of 7% during the forecasting period (2022-2029).
Pet Probiotics Market - Strategic Insights
Metrics |
Details |
Market CAGR |
7% |
Segments Covered |
By Livestock, By Form, 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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Pet probiotics are a type of specific strain of microorganisms that is 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
Market Dynamics
The growing awareness about the advantages of pet probiotics among poultry and cattle farmers, as well as pet owners, continues to create fresh opportunities for the manufacturers of pet probiotics. The pet probiotics market is expected to grow at a CAGR of 7% during the forecast period. There are more than 40 probiotic preparations that are approved by the EU for animal nutrition, where such products are available in the U.S. as direct-fed microbial products.
Rising Awareness And Concerns About Animal Health And Safety
Pet probiotics products have witnessed substantial demand due to growing awareness and concerns about pet health and safety. With this, the rising incidence of chronic diseases associated with the consumption of animal by-products also increases the animal feed and probiotics market. There is an increase in the demand for natural animal feed additives, which have negligible side effects. This results in the rise in demand majorly among poultry farmers and for aquaculture production. Animal probiotics have witnessed huge attention as it plays a major role in maintaining the gut health and immunity of animals. Furthermore, various animal health awareness campaigns are also initiated by the government to spread awareness about the importance of animal probiotics.
Increased Growth In Consumption Of Pet-Based Products
Various changes have been witnessed regarding the consumption patterns and dietary habits of the population due to which there has been a shift towards the increased consumption of meat and dairy products. This has increased the demand for various animal products such as milk, dairy products, meat products, eggs, and other non-food items which have led to the growth in the usage of feed additives, thus boosting the probiotics in the animal feed market growth. Hence, the rapid increase in population growth has also increased the demand for food across the globe.
Consumers are now becoming more health-conscious and are focusing more on nutrition-rich diets, that are offered to the livestock. Livestock products such as milk, meat, and eggs are rich sources of micronutrients such as iron, zinc, and vitamins. The demand for probiotics in pet feed has risen due to the health benefits associated with the consumption of probiotics. Moreover, they help in maintaining the microbial flora in the intestinal tract of pets and enhance the resistance resulting in the improvement of the immune system. They also aid in the treatment of various diseases such as inflammatory bowel disease, infectious diarrhea, irritable bowel syndrome, and antibiotic-related diarrhea. Therefore, this helps animals to derive the maximum nutrition from the feed, which in turn increases the quality of animal products.
COVID-19 Impact Analysis
Pet Probiotics Market Segment Analysis
Based on the livestock, the pet probiotics market has been classified into poultry, cattle, swine, aquaculture, pet, equine, and others.
The Poultry Segment Is Estimated To Dominate The Pet Probiotics Market During The Forecast Period
By livestock, the probiotics in the pet feed market are segmented into poultry, ruminants, swine, aquaculture, and others. Moreover, the poultry segment is anticipated to dominate the pet probiotics market during the forecast period. Furthermore, the Asia Pacific region is expected to hold a major share in the coming years. The region holds a large population base with an increase in the number of urbanized populations who opt for protein-rich food options with poultry products such as eggs and meat. This factor is expected to drive the demand for probiotics in the poultry industry.
Based on the form, the pet probiotics market has been classified into dry, liquid, capsules, and others.
The Dry Segment Is Estimated Significant Growth During The Forecast Period
The dry form of probiotics is mixed in the feed for animals including cattle, poultry, and swine. Also, the dry form of probiotics is generally available in a powdered form, as it is mixed with the feed. This form of probiotics is preferred because it is easy to transport and easy to store as compared to liquid probiotics, which require specialized facilities for storage and transportation.
Pet Probiotics Market Geographical Analysis
Based on geography, the study analyzes the pet probiotics market in the global market including, countries like Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.
The Rise In The Demand For Poultry Products In Countries Like China And India Is Expected To Drive The Market For Pet Probiotics In Asia Pacific
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 number of the middle-class population who prefers food products with health benefits with the adaption of an urbanized lifestyle. This has increased the demand for poultry products in the region, which has, in turn, resulted in driving the growth of probiotics in the region.
Competitive Landscape
The key global pet probiotics players contributing to the global market's growth include Chr. Hansen (Denmark), Kinglike DSM N.V., DowDuPont, Evonik Industries, Land O'Lakes. Other players include Lallemand, Bluestar Adisseo Co., Lesaffre, Alltech, Novozymes, Calpis Co. Ltd., Schouw & Co., Unique Biotech, Pure Cultures, Kerry, and Mitsui & Co., Ltd.
Chr. Hansen
Overview:
Chr. Hansen A/S is a global bioscience company which is based in Hørsholm, Denmark that develops natural solutions for beverage, nutritional, food, pharmaceutical, and agricultural industries. The company is a supplier of probiotics, enzymes, food cultures, and natural colors. The products are used in fermented milk, food service, cheese production, beverages, wine, meat, fruit preparation, ice cream and desserts, cereals, spreads, bakery products, confectionery, snacks, dietary supplements, pharmaceuticals, and agricultural products. It has development centers in Denmark, France, the U.S., and Germany including research facilities in France and Denmark. A large number of the employees engage in R&D for the pharmaceuticals industries and international food.
It has five main production sites: two in Denmark and Germany and one each in France and the US and an international presence in 30 countries. The company has been listed on Nasdaq OMX Copenhagen since June 3, 2010, under the symbol "CHR". Its flavorings division was purchased by Symrise in 2008.
Product Portfolio: The Company’s portfolio comprises pet probiotics, food cultures, enzymes, and natural colors among others.
Frequently Asked Questions
What is the Projected CAGR value of the Pet Probiotics Market?
Pet 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 Pet Probiotics Market during 2022-2029
Which is the fastest growing region in the Pet Probiotics Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period