June 30, 2020

 

Probiotics in animal feed market to see robust growth until 2028

 

According to a detailed market study, the demands for healthy livestock will fuel the expansion of probioticsinthe animal feed market throughout the forecast period 2016 - 2028, Cole of Duty reported.

 

This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

 

This report focuses on the data obtained from various primary and secondary sources and is analysed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global probiotic in animal feed Market.

 

With an emphasis on both organic and inorganic growth strategies, there have been several primary developments done by major companies like Koninklijke DSM N.V., Lallemand Inc, Calpis Co. Ltd., Provita Eurotech Ltd, Alltech, Protexin, Evonik, DuPont.

 

Probiotics are the good micro-organisms such as bacteria and fungi required for the growth of the animal immune system. Probiotic bacterium strains facilitate maintain healthy levels of good bacteria within the digestive tube, defensive the gut against pathogenic bacteria. Probiotic ingredients additionally include spore formers and yeast-based ingredients. Growing awareness among pet house owners, farmers and hobbyists about the benefits of probiotics to animal health could be a major opportunity for businesses engaged in manufacturing probiotics.

 

Growing awareness among customers about animal nutrition is the key factor for probiotics growth in the animal feed market. Rising demand for quality animal products increased the demand for probiotics on the market for animal feed directly led to market growth. It is also expected to fuel market growth by increasing demand for cattle, pets and swine fees.

 

The report provides an overview of global probiotic in animal feed market globally and related technologies; an analysis of global market trends, estimates of each year and annual compound growth rate projections (CAGRs); identification of new market opportunities and targeted promotional plans for Global Probiotic in animal feed market devices; discussion of R&D and demand for new products and new applications; and comprehensive company profiles of key industry players.

 

The researchers have studied the market in-depth and have come up with major segments like product type, application and region. Based on their market share, growth prospects and CAGR, each segment and its sub-segments are studied. Each market segment offers in-depth information on market outlook, both qualitative and quantitative.

 

Some of the key impact factors include growing awareness regarding animal nutrition among customers boosts the demand for poultry probiotics in animal feed in the future, and increasing demand for quality animal product elevates the demand for the probiotics in the animal feed market.

 

The report segments the probiotics market into North America, Asia Pacific, Western Europe, Eastern Europe, Middle East and the Rest of the World in the animal feed market by area. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the market for probiotics in animal feed.

 

Despite technological advances in the food and agricultural sector, North America and Western Europe were among the main regions. It is projected that the use of the latest technologies in agricultural activities and the existing processed food market would drive demand for probiotics on the animal feed market in those regions.

 

In addition, some of the major companies operating in this sector have offices in these areas. The Asia Pacific is predicted to be among the fastest-growing probiotic markets in animal feed during the forecast period. Food and agriculture is one of the major contributors to the economies of the region.

 

Furthermore, government initiatives to encourage technological advances in this area are also one of the key factors for the growth of probiotics in the market for animal feeds. During the forecast period, the Middle East and the rest of the world are expected to be emerging regions for probiotics in the animal feed industry.