The report “Probiotics in Animal Feed Market by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria [Lactobacilli, Streptococcus Thermophilus, Bifidobacteria] and Yeast & Fungi), Form (Dry and Liquid), and Region – Global Forecast to 2025″ The global probiotics in animal feed market is estimated to be valued at USD 4.6 billion in 2019 and is projected to reach about USD 7.0 billion by 2025, at a CAGR of 7.4%. The growth of this market is attributed to the rise in demand for functional animal feed products in emerging economies such as Asia Pacific and RoW.
Opportunity: Ban on the use of AGPs (Antibiotic feed promoters) in animal feed
In 2006, the European Union (EU) implemented a ban on the use of antibiotics in animal feed. Antibiotic growth promoters (AGP) are chemicals/drugs that are added to animal feed to improve growth and the quantity of animal produce. According to the EU, the use of these drugs led to the development of antibiotic-resistant microbes to treat infections in humans and animals.
Following this ban by the EU, the use of antibiotics declined in many countries around the globe, especially in countries such as China, India, and the US due to their overexploitation or misuse. In January 2017, the US Food and Drug Administration (USFDA) banned the usage of antibiotics as feed supplements to help livestock and poultry grow faster. The new regulations also state that the over-the-counter sales of antibiotics used in feed is prohibited.
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The bacteria segment is estimated to account for a larger market share, in terms of value, in 2019
Based on source, the probiotics in animal feed market is segmented into bacteria and yeast & fungi. The survival rate of bacterial strains within the gastrointestinal tract of animals is much higher as compared to yeast. Hence, bacterial strains are more preferred in the production of probiotics in animal feed.
The aquaculture segment is estimated to witness the fastest growth in the probiotics in animal feed market in 2019
By livestock, the probiotics in animal feed market is segmented into poultry, ruminants, swine, aquaculture, pets, and others (equine and rabbits). There is an increase in demand for probiotics in the feed for aquaculture due to an increase in demand for dietary animal protein. Many breeders are also developing probiotics that could cater to the all-round growth and development of aquatic animals.
The Asia Pacific region is projected to dominate the market through the forecast period
In 2018, the Asia Pacific region led the global probiotics in animal feed market. Factors such as a large livestock base, high meat consumption, and increasing consumer awareness about the positive impact of probiotics on animal health are driving the Asia Pacific market. Some of the countries contributing to the growth of this region include China, India, Japan, Australia, and New Zealand.
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Key Market Players:
Chr. Hansen (Denmark), Koninklijke DSM N.V. (Netherlands), DowDuPont (US), Evonik Industries (Germany), Land O’Lakes (US). Other players include Lallemand (Canada), Bluestar Adisseo Co. (China), Lesaffre (France), Alltech (US), Novozymes (Denmark), Calpis Co., Ltd. (Japan), Schouw & Co. (Denmark), Unique Biotech (India), Pure Cultures (US), Kerry (Ireland), and Mitsui & Co., Ltd. (Japan)
Chr. Hansen develops natural ingredients for food, nutritional, pharmaceutical, and agricultural industries. The company provides products such as cultures, enzymes, and probiotics to the animal feed and food & beverage industries. The company’s major business segments include cultures & enzymes, natural colors, and health & nutrition. It has the largest commercial collection of bacteria, with over 30,000 bacterial strains. The company produces probiotics for feed under its Health & Nutrition division. Within animal feed, it provides probiotics for poultry, swine, and cattle.
