Probiotics in Animal Feed Market Research Report - Global Forecast till 2024
Probiotics in Animal Feed Market Analysis, Future Growth, Business Prospects and Forecast to 2024
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Copyright Š 2017 Market Research Future.
Probiotics in Animal Feed Market Research Report - Global Forecast till 2024
1 Summary Global Probiotics in Animal Feed Market Research Report: Information by Source (Bacteria and Yeast and Fungi), Form (Dry and Liquid), Livestock (Swine, Poultry, Ruminants, Aquaculture and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024
Key Players •
Chr. Hansen Holding A/S (Denmark)
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Novozymes (Denmark)
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Kerry Group (Ireland)
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DuPont de Nemours, Inc. (US)
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Evonik Industries AG (Germany)
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Land O'Lakes, Inc. (US)
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Pure Cultures (US)
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Bluestar Adisseo Co., Ltd. (China)
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Novus International, Inc. (US)
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Koninklijke DSM N.V. (Netherlands)
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Copyright © 2017 Market Research Future.
Probiotics in Animal Feed Market Research Report - Global Forecast till 2024
2 Market Overview Global Probiotics in Animal Feed Market is expected to garner a revenue of USD 6.5 Billion by 2024 and register a CAGR of 7.5% during the forecast period of 2019 to 2024.The microbial strains used in animal feed for promoting animal growth, yield, productivity, immunity, and gut health are known as probiotics in animal feed. The most common microbial strains used as probiotics for livestock are bacteria, yeast, and fungi. Manufactures are witnessing challenges in their growth in the global probiotics in animal feed market due to the rising initial investment, especially in research and development that is involved in the improvement of efficient and viable animal probiotic feed additives. However, prominent players active in the animal feed probiotics market are focusing on different growth strategies such as mergers & acquisitions, innovations, product launches, and joint ventures to overcome the challenges and attain larger market share.
Industry Segment
Based on source, the global probiotics in animal feed market has been segmented into bacteria and yeast and fungi. The bacteria segment has been further segregated into Streptococcus, Lactobacillus, Bifidobacterium, and others. The bacteria segment is projected to account for the larger revenue share and register the higher CAGR during the forecast period as bacterial probiotic strains are highly capable of increasing immunity, yield, productivity, and gut health in animals. Additionally, bacterial strains offer higher survival rate in animal gut as compared to yeast and fungi probiotic strains, owing to which bacteria is preferred as a probiotic in animal nutrition.
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Copyright Š 2017 Market Research Future.
Probiotics in Animal Feed Market Research Report - Global Forecast till 2024
3 Pages Regional Analysis The global probiotics in animal feed market has been segmented, by region, into North America, Europe, AsiaPacific, and the rest of the world. The market in Asia-Pacific is expected to account for the largest market share and register the highest CAGR of the global probiotics in animal feed market due to the increasing consumption of poultry products in the region. Additionally, the growth of the region can be attributed to the presence of large number of livestock in the developing economies of Asia-Pacific including China, India, Bangladesh, Vietnam, and Indonesia.
Intended Audience • • • • • •
Animal feed manufacturers Animal feed exporters and importers Probiotic suppliers Livestock associations Animal health and nutrition organizations Livestock farmers
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Copyright © 2017 Market Research Future.
Probiotics in Animal Feed Market Research Report - Global Forecast till 2024
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Copyright Š 2017 Market Research Future.