Meticulous Research®, a leading global market research firm, has released a detailed 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 - Global Forecast to 2029.” This report provides insights into the projected growth and trends of the probiotics in animal feed market.

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Probiotics in Animal Feed Market Expected to Grow
According to the latest publication, the probiotics in animal feed market is anticipated to reach $6.07 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2029. This significant growth can be attributed to several factors, including the rising demand for animal protein, an increasing preference for probiotics as alternatives to antibiotics, a surge in intestinal disorders among livestock, and heightened production of compound feed.

Shift Toward Natural Growth Promoters
The industry is witnessing a notable shift towards natural growth promoters, which is expected to create lucrative opportunities for market players. However, complex regulations surrounding the use of probiotics in animal feed may pose challenges that could hinder market growth significantly.

Segmentation of the Animal Feed Market
The animal feed market is segmented based on source (bacteria, yeast), animal type (poultry, ruminants, swine, aquaculture, pets, other animals), and form (liquid, dry). The study further evaluates competitors in the industry and conducts a thorough analysis of the market at both regional and country levels.

Bacterial Strains Dominate the Market Share
Based on source, the bacteria segment is expected to hold a larger share of the animal feed probiotics market in 2022. The dominance of this segment is largely due to the increasing use of bacterial strains as a sustainable alternative to antibiotic growth promoters and growing consumer awareness regarding feed quality. Additionally, probiotics are increasingly recognized for their role in enhancing digestion, improving animal performance, and boosting the immune system, which drives demand among cattle farmers, pet owners, and hobbyists alike.

Aquaculture Segment Shows Rapid Growth
In terms of animal type, the aquaculture segment is projected to experience the highest CAGR during the forecast period. The rapid growth in this segment can be attributed to the rising application of probiotics to support the health, performance, and growth of farmed fish and shrimp. The increasing necessity to ensure the health and safety of aquatic animals, coupled with consistent growth in the aquaculture sector, is expected to fuel this segment's expansion.

Liquid Probiotics Segment to Lead the Market
Based on product form, the liquid segment is predicted to capture a larger share of the animal feed probiotics market in 2022. The appeal of liquid probiotics lies in their numerous benefits, including faster absorption rates, ease of digestion, and enhanced optimization for animal use.

Asia-Pacific Region Anticipated to Grow Rapidly
Geographically, the Asia-Pacific region is projected to register the highest CAGR during the forecast period. The region's robust market growth is attributed to various factors, such as increased consumer awareness regarding diseases, substantial production of poultry and cattle meat in countries like China and India, and a growing number of innovations in probiotic formulations. Furthermore, the rising demand for safe and nutritious animal feed, along with stringent regulations on antibiotic use in feed supplements, is expected to present lucrative opportunities for key players in the market.

Key Players in the Market
Notable players operating in the probiotics in animal feed market include 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.). These companies are instrumental in driving innovation and competitiveness in the probiotics segment of animal feed.

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