According to a recent report titled, 'Animal Feed Probiotics Market by Source (Bacteria [Lactobacillus, Bifidobacterium, Streptococcus thermophilus, Bacillus]), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animals), Form (Liquid), and Geography—Forecast to 2029,' the animal feed probiotics market is projected to reach $6.07 billion by 2029, with a compound annual growth rate (CAGR) of 7.1% from 2022 to 2029. The increasing adoption of probiotics in animal feed is driven by their benefits in improving gastrointestinal health and overall animal well-being.

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Growth Drivers

The rising awareness among pet owners, cattle farmers, and hobbyists about the health benefits of probiotics is a significant factor driving market growth. Probiotics are becoming a staple in commercial animal feed for livestock and poultry due to their ability to enhance animal health by modifying the gut microbiota. This growing trend reflects a shift towards more effective and health-conscious animal feed solutions.

Market Dynamics

The need for safe and nutritionally balanced animal feed has pushed manufacturers to focus on quality and cost-effectiveness. Probiotics play a crucial role in enhancing animal performance, digestion, and immune response, particularly in cattle feed. This trend is supported by the substantial global compound feed production, which reached 1 billion tons annually according to the International Feed Industry Federation (IFIF).

Impact of COVID-19

The COVID-19 pandemic had a notable impact on the animal feed probiotics market, causing disruptions in public health and supply chains. The pandemic led to a decrease in global exports of meat products, and logistical challenges, including port congestion and roadblocks, exacerbated the situation. These factors resulted in a drop in demand for probiotics as the production and distribution of animal feed were adversely affected.

Segment Analysis

In terms of source, the yeast segment is expected to experience higher growth due to stringent regulations on antibiotic use in animal feed in Europe and North America. Yeast-based probiotics are favored for their benefits in fiber digestibility and animal performance, which boosts milk and egg production. The poultry sector, holding the largest market share in 2022, is driven by rising poultry meat consumption and the demand for antibiotic-free products.

Regional Insights

Asia-Pacific is anticipated to dominate the market due to its large production of poultry and cattle meat, increased consumer awareness, and innovations in probiotic formulations. The region’s significant market share is also attributed to the growing demand for safe and nutritional animal feed, coupled with strict regulations on antibiotic use.

Key Players

The market features several key players, including The Archer-Daniels-Midland Company (U.S.), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Dupont de Nemours, Inc. (U.S.), Evonik Industries AG (Germany), Koninklijke DSM N.V. (Netherlands), Orffa International Holding B.V. (Netherlands), Novozymes A/S (Denmark), Kemin Industries (U.S.), and Provita Eurotech Ltd (U.K.).

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