(I-BusinessNews.Com, May 05, 2021 ) 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.
Driver: Growth in consumption of animal-based products
Several changes have been witnessed regarding the dietary habits and consumption patterns of the population, wherein a shift has been observed toward the increased consumption of meat and dairy products. This increase in the demand for various animal products such as milk, dairy products, meat products, eggs, and other non-food items has led to the growth in the usage of feed additives, thereby boosting the probiotics in animal feed market growth. The rapid growth in population has also increased the demand for food all over the world.
The livestock sector is under significant pressure to meet the growing global demand for high-value animal products. Consumers are becoming health-conscious and are focusing on nutrition-rich diets, which are provided by enriched feed products offered to the livestock. Livestock products such as meat, milk, and eggs are rich sources of micronutrients such as iron, zinc, and vitamins. The demand for probiotics in animal feed has increased due to the health benefits associated with the consumption of probiotics. They help in maintaining the microbial flora in the intestinal tract of animals and in enhancing the resistance against pathogens by improving their immune system. They also aid in the treatment of irritable bowel syndrome, inflammatory bowel disease, infectious diarrhea, and antibiotic-related diarrhea. This helps animals to derive maximum nutrition from the feed, which in turn increases the quality of animal products.
Restraint: International quality standards and regulations for probiotics in animal feed products
International bodies such as the US Food and Drug Administration (FDA), US Center of Veterinary Medicine (CVM), World Health Organization (WHO), European Commission (EC), European Food Safety Authority (EFSA), Australian Pesticides and Veterinary Medicines Authority (APVMA), Natural Health Product Directorate (NHPD), and the National Health Surveillance Agency (ANVISA) regulate the usage of various additives in feed products and issue stringent regulations for probiotic manufacturers. These organizations control the usage of different chemicals and ingredients used in feed processing.
By livestock, the poultry segment is projected to dominate the probiotics in animal feed market during the forecast period.
By livestock, the probiotics in animal feed market is subsegmented into poultry, swine, ruminants, aquaculture, pets, and others. The poultry segment is projected to dominate the probiotics in animal feed market during the forecast period. The Asia Pacific region is expected to be a major revenue pocket in the coming years. The region is backed by a large population base with an increase in a number of urbanized population opting for protein-rich food options with poultry products such as eggs and meat. This is expected to increase the demand for probiotics in the poultry industry.
By source, the bacteria segment is projected to dominate the probiotics in animal feed market during the forecast period.
Bacteria strains such as lactobacilli, bifidobacteria, and Streptococcus thermophilus are used in the animal feed industry, owing to its health benefits such as the promotion of gut health and increased productivity, immunity, and overall performance of the animals. Several companies and research organizations are performing R & D to develop these strains for both animal and human consumption.
The increased demand for poultry products in countries such as China and India is expected to drive the market for probiotics in animal feed in Asia Pacific.
The Asia Pacific region is backed by major revenue generating countries; China and India. These countries are backed by a large population base, coupled with the rise in the number of the middle-class population who are opting for food products with health benefits, owing to the adaption of an urbanized lifestyle. This has increased the demand for poultry products in the region, which has, in turn, been driving the growth of probiotics in the region.
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