Probiotics in Animal Feed Market Anticipated to Reach $4.6 Billion by 2030, Discloses MarkWide Research
MarkWide Research presents a new comprehensive report titled “Probiotics in Animal Feed Market – Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast, 2023-2030,” shedding light on the flourishing market of probiotics in animal feed. The market is poised to achieve a valuation of $4.6 billion by 2030, showcasing a steady compound annual growth rate (CAGR) of 7.8% during the forecast period from 2023 to 2030.
Probiotics have gained prominence as essential additives in animal nutrition, owing to their potential to improve gut health, boost immunity, enhance nutrient absorption, and promote overall animal well-being. This report underscores the increasing adoption of probiotics in animal feed to address concerns related to animal health, performance, and sustainable production practices.
The report highlights the growing awareness among animal producers regarding the benefits of probiotics in improving animal growth, reducing the need for antibiotics, and mitigating environmental impacts. As consumers demand more sustainable and ethically produced animal products, the use of probiotics in animal feed is projected to witness substantial growth.
Geographically, Europe and North America are expected to dominate the probiotics in animal feed market, driven by stringent regulations on antibiotic use in animal husbandry and a heightened focus on animal welfare. The Asia-Pacific region, with its expanding livestock industry and increasing adoption of modern animal farming practices, is also poised for significant growth in the market.
Key Insights from the Probiotics in Animal Feed Market Report:
- Improved Animal Health: Probiotics contribute to maintaining a balanced gut microbiota, leading to improved digestion, nutrient absorption, and overall health in animals.
- Antibiotic Reduction: The use of probiotics as alternatives to antibiotics helps reduce the development of antibiotic-resistant bacteria and promotes sustainable animal production practices.
- Enhanced Nutrient Utilization: Probiotics enhance the efficiency of nutrient utilization in animals, leading to better feed conversion rates, increased growth, and optimized production.
- Environmental Sustainability: Probiotics’ potential to reduce the environmental footprint of animal farming by improving digestion and nutrient absorption aligns with the global trend toward sustainable agriculture.
- Innovative Formulations: Research and development efforts are driving the creation of innovative probiotic formulations tailored to specific animal species and production conditions.
The probiotics in animal feed market report from MarkWide Research provides in-depth profiles of key market players, including Chr. Hansen Holding A/S, Lallemand Inc., Evonik Industries AG, Novozymes A/S, and Royal DSM N.V. These companies are actively investing in research, product development, and strategic collaborations to cater to the increasing demand for probiotics in animal nutrition.
In summary, the global probiotics in animal feed market is poised for significant growth as the livestock industry seeks sustainable and health-promoting solutions. The projected valuation of $4.6 billion by 2030 underscores the substantial potential within this market. Industry players are well-positioned to capitalize on this potential and contribute to the evolution of animal nutrition practices.