Animal Feed Probiotics Market size to exceed $390Mn by 2030

Animal Feed Probiotics Market size is anticipated to reach USD 390 million by 2030, as per a recent research report announced by Global Market Insights Inc.
 

Growing consumption of ready-to-eat meats will stimulate the requirement for animal feed ingredients such as probiotics. Consumers are shifting their preference from home-cooked to convenient foods, including meats. In the European Union, over 64.14% of the total population between 15-64 years of age, a majority of whom are working-class, consume ready-to-eat meats outside the house. Such factors will likely augment the production of probiotics to support the health and well-being of food-producing animals.
 

Emphasis on meat & poultry supply chain improvement fuels probiotics use in animal feeds

Animal feed probiotics market value from the lactobacilli product segment is expected to be worth over USD 240 million by 2030. This probiotic is incorporated into feeds to maintain colonization resistance and microbial flora and increase the feed conversion ratio. Several food regulatory authorities are also implementing programs to strengthen the food supply chain. The USDA, for example, announced funding worth USD 21.9 million through the Meat and Poultry Inspection Readiness Grant Program in 2022. Since lactobacilli is used in poultry and pig diets to boost health, this increased funding will drive the demand for these animal feed probiotics.
 

Rising companion animal adoption to augment pet food probiotics production

Animal feed probiotics industry share from the pet livestock segment is poised to depict a 6% CAGR through 2030, owing to the mounting adoption of companion animals, especially during the COVID-19 pandemic. As per statistics from the American Society for the Prevention of Cruelty to Animals, over 23 million American households adopted a pet during the outbreak. These factors will boost pet food consumption and subsequently amplify probiotics development to improve the health and safety of the animals.
 

Dog livestock segment is set to be valued at over USD 4 million by 2030, due to the rise in pet humanization. Pet owners are becoming increasingly reliant on high-quality and premium foods to improve the nutritive value and palatability. The report states that the strong focus on improving the health and nutrition of pet dogs is anticipated to bolster the development of probiotic ingredients in pet food.
 

Browse key industry insights spread across 186 pages with 215  market data tables and 24 figures & charts from the report “Animal Feed Probiotics Market Statistics by Product (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus) Livestock (Poultry {Broiler, Layer, Turkey}, Swine {Starter, Grower, Sow}, Cattle {Dairy, Calf}, Aquaculture {Salmon, Trout, Shrimp, Carp}, Pet food {Cat, Dog}, Equine) COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/animal-feed-probiotics-market
 

Growing risks of livestock disease outbreaks to promote animal feed probiotic consumption in APAC

Asia Pacific animal feed probiotics market is slated to register over 8.5% CAGR through 2030. The high concentration of animals and the subsequent rise in concerns about livestock disease outbreaks are among the main factors driving industry growth. Livestock producers are focusing on maintaining the proper balance of nutritional supplements in animal diets to boost their immune systems and overall health. This will proliferate the usage of probiotics in animal feed to improve meat safety and quality, strengthening the regional market outlook.
 

Product range expansions to remain a key growth strategy among industry players

Koninklijke DSM N.V., ADM, DuPont, LAND O’ LAKES, Evonik Industries, Novus International, Inc., Arm & Hammer Animal Nutrition, OHLY, Provita Eurotech Ltd., Kemin Industries Inc, CHR. HANSEN, and Altech, are some of the prominent animal feed probiotics market players profiled in the report. These companies are focusing on product range expansions and other strategies to reinforce their presence in the global market.