Poultry Probiotics Market size to exceed USD 1.2 billion by 2023: Global Market Insights Inc. Global poultry probiotics market size was estimated at over USD 750 million in 2015 and is likely to be valued at USD 1.2 billion by 2023, with gains of over 7%. Global probiotic ingredients market size is likely to cross USD 46 billion by 2020. Asia Pacific probiotics market size for poultry application is likely to register highest gains at a CAGR of over 7.5% from 2016 to 2023. Europe is likely to witness significant gains over the forecast period. Globally, antibiotics are used to prevent poultry diseases and pathogens required for improving egg and meat production. Dietary antibiotics used in poultry applications have encountered with some problems such as drug residues in bird bodies, drug resistant bacteria development, microflora imbalance. Increasing application in poultry market is likely to counter the aforementioned factors and promote demand over the forecast period.
Probiotic species belonging to Bacillus, Streptococcus, Lactobacillus, Enterococcus, Bifidobacterium, Candida, Saccharomyces, and Aspergillus are used in poultry applications and are expected to have beneficial effects on broiler performance. Poultry feed accounts for almost 70% of the total production cost and therefore, it is necessary to improve feed efficiency with minimum cost. In poultry industry, chicks are subjected to microflora environment and may get infected. Broiler chickens can also get succumbed to stress owing to production pressure. Under such scenario, synthetic antimicrobial agents and antibiotics are used to alleviate stress and improve feed efficiency. However, antibiotics in poultry applications are becoming undesirable owing to residues in meat products and development of antibiotic resistant properties. Europe has banned antibiotics use as growth promoting agents in poultry application owing to several negative effects. These aforementioned factors are expected to drive probiotics demand in poultry market. Antibiotics failure to treat human diseases effectively has led European Union (EU) to ban low doses of antibiotics in animal feed. This factor has also led the U.S. government officials to restrict antibiotics use in animal feed. It is required regularly for marinating balance microflora environment in order to enhance productivity and health of birds. Its use is specially recommended for newly hatched chicks and alternative to antibiotic therapy. Its use in poultry applications can prevent early mortality, appetite loss, scouring, poor nutrient absorption, improper digestion and infections. These factors can improve production efficiency and prevent economic loss to poultry producers. They improve egg production & quality, egg albumen quality, intestinal microbial balance, nutrients absorption and helps in maintaining lower yolk cholesterol level. They are also use 1|Page