The probiotics in animal feed market is projected to grow at a CAGR of 7.4% from 2019 to 2025
NEW YORK, April 15, 2019 /PRNewswire/ -- The probiotics in animal feed market is projected to grow at a CAGR of 7.4% from 2019 to 2025.
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The global probiotics in animal feed market is estimated to be valued at USD 4.6 billion in 2019 and is projected to reach USD 7.0 billion by 2025, at a CAGR of 7.4%. The market is driven by factors such as growth in the consumption of animal-based products, the shift of livestock industry from unorganized to an organized one, and increase in focus on animal health to prevent disease outbreaks.
By source, the bacteria segment is projected to account for a larger market share during the forecast period.
The market for probiotics in animal feed is segmented into bacteria and yeast & fungi.The bacteria segment is projected to hold the largest market in 2025.
This is due to the fact that bacteria have higher survival rates in the gastrointestinal tracts of animals. Hence, they are used more often in the preparation of probiotics in animal feed.
Due to the growing need for lowering transportation costs, the dry form segment is projected to grow at the highest CAGR during the forecast period.
Based on form, the market for probiotics in animal feed is segmented into dry and liquid forms. The dry form of probiotics is preferred due to the ease of transportation and increased shelf-life, as opposed to the liquid form, which has a higher moisture content, due to which there are higher chances of uncontrolled culturing, which makes the feed unsuitable for consumption.
Asia Pacific is projected to be the fastest-growing region in the probiotics in animal feed market, owing to high meat consumption and a large livestock base in the region.
In 2018, the Asia Pacific region led the global probiotics in animal feed market. The region held a market share of 39.0%. 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 that contribute to the growth of this region include China, India, Japan, Australia, and New Zealand.
The global probiotics in animal feed market is segmented region-wise, with a detailed analysis of each region. These regions include North America; Europe; Asia Pacific; and Rest of the World (RoW), which includes South America and Rest of the World.
Break-up of Primaries
-- By Company Type: Tier 1 - 45%, Tier 2 - 33%, and Tier 3 - 22%
-- By Designation: C-level - 45%, D-level - 33%, and Others* - 22%
-- By Region: North America - 15%, Europe - 29%, Asia Pacific - 44%, Rest of the World (RoW)** - 12%
*Others include sales managers, marketing managers, and product managers.
**RoW includes the Middle East and Africa.
Leading players profiled in this report
-- Chr. Hansen (Denmark)
-- Koninklijke DSM N.V (Netherlands)
-- DowDuPont (US)
-- Evonik Industries (Germany)
-- Land O'Lakes (US)
-- 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)
-- Mitsui & Co., Ltd. (Japan)
Research Coverage
This report segments the probiotics in animal feed market on the basis of livestock, source, form, and region. In terms of insights, this research report focuses on various levels of analyses--competitive landscape, end-use analysis, and company profiles--which together comprise and discuss the basic views on the emerging & high-growth segments of the probiotics in animal feed market, the high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report
-- To get a comprehensive overview of the probiotics in the animal feed market
-- To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
-- To gain insights about the major countries/regions in which the probiotics in animal feed market is flourishing
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