According to the latest publication by Meticulous Research®, the Animal Feed Probiotics Market is projected to reach $6.07 billion by 2029, growing at a CAGR of 7.1% from 2022. This growth is driven by several factors, including the rising demand for animal protein, the shift towards probiotics as alternatives to antibiotics, the increasing prevalence of intestinal disorders in livestock, and the expanding production of compound feed.

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Natural Growth Promoters Creating Opportunities

The ongoing transition toward natural growth promoters opens up numerous opportunities for companies operating in the probiotics sector. However, growth may be tempered by regulatory complexities regarding probiotic use in animal feed, posing challenges for manufacturers.

Source Segmentation: Bacteria to Dominate

The animal feed probiotics market is segmented by source, including bacteria and yeast. The bacteria segment is expected to hold the largest market share in 2022. The increasing preference for bacteria strains as sustainable alternatives to antibiotic growth promoters is a significant contributor to this dominance. Bacteria-based probiotics are also in high demand due to their proven benefits in digestion improvement, animal performance enhancement, and immune system strengthening. Increased awareness among cattle farmers, pet owners, and hobbyists about the advantages of bacterial probiotics also boosts market growth.

Aquaculture Industry to Lead Growth

Among different animal types, the aquaculture segment is projected to grow at the highest CAGR. The increasing use of probiotics to support the health, performance, and growth of farmed fish and shrimp is driving demand in this sector. Additionally, the need for ensuring the health and safety of fish within the aquaculture industry, along with its consistent growth, makes this segment a key driver of market expansion.

Liquid Probiotics Take Center Stage

When considering the form of probiotics, the liquid segment is expected to account for the largest share of the market in 2022. The fast absorption, ease of digestion, and higher optimization of liquid probiotics make them a preferred choice in animal feed, further driving the market.

Asia-Pacific Region to Witness Fastest Growth

In terms of geography, the Asia-Pacific region is anticipated to register the highest growth rate during the forecast period. The region's strong market performance is attributed to factors such as increased awareness about animal diseases, high poultry and cattle production in countries like China and India, and continuous innovations in probiotic formulations. Additionally, the rising demand for safe and nutritious animal feed and the stringent regulations on antibiotics in feed supplements provide significant growth opportunities for players in this region.

Top Competitors in the Market

Key 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.).

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