Market Overview:
The global probiotics in animal feed market is likely to benefit from the increasing awareness regarding animal health welfare. According to a report published by Fortune Business Insights, titled “Probiotics in Animal Feed: Global Market Analysis, Insights and Forecast, 2019-2032 The global probiotics in animal feed market size was valued at USD 3.56 billion in 2018 and projected to reach USD 9.46 billion by the end of 2032, exhibiting a CAGR of 7.24% in the forecast period.
The benefits of probiotics in animal nutrition has created a high demand for these products across the world. The growing emphasis on animal health and welfare and increasing trend of commercial livestock farming has led to availability of new products in the market place. The growing focus on research and development in probiotics to substitute antibiotic growth promoter feed additives has led to increasing popularity of probiotics in animal feed. The use of probiotics in poultry farming and breeding is expected to enhance the productivity and performance of feed products. The report states that rising uptake of probiotics over various domains will aid the growth of the global probiotics in animal feed market in the forthcoming years.
Key companies covered in the report:
Increasing Applications in Poultry Farming to Enable Growth:
The rising uptake of probiotics in poultry farming has resulted primarily from the increasing demand for the enhanced nutritional health of inbred animals. Rising adoption of a healthy lifestyle has created the demand for clean-label meat and other poultry products. Fortune Business Insights has predicted that probiotics will find increasing applications in poultry farming in the coming years. In 2019, Biomin launched the Poultrystar Hatchery Geldrop aimed at nutritional enrichment of day old chicks. The water solubility of the product helped overcome the food delivery barrier and this property added to the demand for this product across the world. Fortune Business Insights tracks product launches, similar to Biomin’s latest Geldrop and gauges the impact of such products on the global market.
Source: https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018
Probiotics in Animal Feed Market Trends:
The probiotics in animal feed market is being shaped by several key trends. Growing awareness of animal health is leading livestock producers to prioritize gut health and immunity, recognizing the benefits of probiotics in enhancing overall animal well-being. With increasing concerns about antibiotic resistance, there's a shift toward natural alternatives like probiotics, which promote animal health without antibiotics.
Focus on gut health is intensifying, as probiotics help balance gut microbiota, improve nutrient absorption, and reduce digestive disorders. Regulatory bodies are also supporting the use of probiotics, with new guidelines that drive compliance and growth in the market.