Probiotics
are live microorganisms that provide health benefits if consumed in
prescribed amounts. The probiotics in animal feed market is expanding
at a significant growth rate due to the increasing awareness among
shoppers regarding animal health. Consumption of probiotics provides
animal with numerous health benefits. It supports the biological
process and system of the animals and conjointly cuts back the over
dependence of animals on antibiotics.
Increasing
demand for meat and related products is expected to fuel the
probiotics in the animal feed market. Additionally, increasing health
issues among farm animals is projected to further boost the probiotic
in animal feed market. Probiotics added to the animal feed doesn't
deliver the mandatory nutrients that are required to nurture the
animals. This, in turn, is estimated to restrain the probiotics in
animal feed market in the near future.
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The
global probiotics in animal feed market is anticipated to expand at a
considerable growth rate in the near future due to the prohibition on
the practice of administering antibiotics that encourage growth in
animals. Globally, among all the regions, Asia Pacific is anticipated
to hold a major share of the overall probiotics in animal feed
market, followed by Europe, during the forecast period due to the
presence of relatively sizable amount of customers in the region.
International probiotics in the animal feed market is estimated to
expand rapidly in Asia Pacific due the rise range of higher
bourgeoisie population, which is likely to afford the expenditure on
feed that contains extra ingredients such as probiotics. In Asia
Pacific, China and Japan contribute significantly to the probiotics
in animal feed market, in terms of revenue, owing to the rising range
of higher bourgeoisie population in these countries. Moreover, the
market in Europe is expected to expand considerably in the next three
to five years due to the ban on the usage of antibiotics that promote
growth in animals, which in turn is anticipated to boost the
probiotics in animal feed market.
The
global probiotics in animal feed market is segregated based on
livestock, bacteria, and region. In terms of bacteria, the probiotics
in animal feed market is segmented into thermophiles, lactobacillus,
bifid bacteria, streptococcus, and others. The lactobacillus segment
hold a prominent share of the market, followed by the others segment,
and is predicted to exhibit important growth during the forecast
period respectively. Based on livestock, the probiotics in animal
feed market is segmented into swine feed, cattle feed, pet feed, and
poultry feed. The pet feed segment is anticipated to expand at a
steady pace in the next three to five years due to the rising demand
for meat and meat products all around the world. Furthermore, In
terms of region, the global probiotics in animal feed market is
segregated into North America, Europe, Asia Pacific, Middle East &
Africa, and South America.
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Major
players operating in the global probiotics in animal feed market
includes DuPont, Nebraska Cultures, Koninklijke DSM N.V., Lactosan
GmbH & Co. KG, Calpis Co. Ltd., Provita Eurotech Ltd, Alltech,
Protexin, Lallemand Inc., and Suguna Foods Private Limited, Novozymes
(Denmark). Companies operating in the market are primarily
introducing new products and also intensifying their proficiencies in
order to strengthen their position in the global probiotics in animal
feed market. The market is expected to witness a rise in the trend of
backward integration and strengthening of rooster processors. This,
in turn, is anticipated to drive the adoption rate of feed additives,
which is probiotics.
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