Animal Probiotics Market Expected to Grow at CAGR of 7% During Forecast Period 2018–2023
iCrowdNewswire Jan 10, 20204:32 AM ET
Animal Probiotics Market Overview
Animal probiotics are specific strains of microorganisms, served to animals in proper amount to have a beneficial effect. It improves the health and reduces the risk of falling sick. Various bacterial strains are commercially available in the market such as Bacillus subtilis, Lactobacillus thermophilus, and others. The use of probiotics as feed supplements in animal production has increased considerably over the last decade, particularly after the ban on antibiotic growth promoters in the livestock sector. Furthermore, the growing awareness about the advantages of animal probiotics among poultry and cattle farmers, as well as pet owners, continues to create fresh opportunities for the manufacturers of animal probiotics. The Animal Probiotics market
is expected to grow at a CAGR of 7% during the forecast period 2018–2023.
Animal Probiotics Market Outlook
Proper use of probiotics for animals is paramount to their good health. An overall proper balance of protein, energy, vitamins, and all nutritionally important minerals in animal feed is required for both economical and productive produce. Probiotics are mixed with feed as per the requirement of the targeted animal and then blended to form a compound feed. They are manufactured by the feed compounders as meals in the form of pellets or crumbles. The species used are the main factors influencing the nutritive value of a probiotic. Probiotics are viable microorganisms fed to monogastric animals in the form of feed additive, as direct feeding of microbial cultures may affect the composition of intestinal microbiota. Selected strains of microorganisms having beneficial effects on animal health are used as probiotics. Organisms commonly used include: Lactobacillus, Bacillus subtilis, and Saccharomyces. More than 40 probiotic preparations are approved by the EU for animal nutrition, whereas such products are available in the U.S. as direct-fed microbial products.
Animal Probiotics Market Growth Drivers
The animal probiotics products have witnessed huge demand due to increased awareness and concerns about animal health and safety. Along with this, increased incidence of chronic diseases associated with the consumption of animal byproducts also drives the animal feed and probiotics market. There is a rise in demand for natural animal feed additives, which has negligible side effects. This rise in demand is witnessed majorly among poultry farmers and for aquaculture production. Animal probiotics has witnessed huge attention as it plays a major role in maintaining the gut health and immunity of animals. Furthermore, various animal health awareness campaigns are also initiated by the government to spread awareness about the importance of animal probiotics.
Animal Probiotics Market Challenges
There has been a growing concern about animal source foods and its impact on the health and wellbeing of the consumers. Also, questions have been arising on the impact of production systems on animal welfare and the environment. In Europe alone, the EU legislation focuses on regularizing and evaluating feed additives. After the outbreak of diseases primarily due to the questionable feeds fed to animals, has led to high level scrutiny and regulations on any form of animal feed products.
The products are assessed for TSE risks and environmental risks. A major focus in recent times has been on GMO-free feeds and food produces. Any animal feed made of or containing GMOs has to be thoroughly checked in laboratories. The use of GMOs has become a political issue and often results in delay in approval procedures and raises local trade barriers. These barriers caused by the stringent regulations affect the Animal Probiotics Market and hinder the market growth.
Animal Probiotics Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on volume shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Animal Probiotics market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of products based on species and their specific applications.Animal Probiotics Market Report: Industry Coverage
Species of Animal Probiotics: Bacillus, bifidobacterium, lactobacillus, saccharomyces, pediococcus, propionibacterium, streptococcus, enterococcus, and others
Livestock of Animal Probiotics: Poultry, cattle, swine, aquaculture, pet, equine, and others
Type of Animal Probiotics: Feed supplements and feed additives
Form of Animal Probiotics: Liquid, powder, capsules, and others
The Animal Probiotics market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan
The Middle East and Africa: Israel, South Africa, Saudi Arabia
Animal Probiotics Market Key Players Perspective
Some key players mentioned in this report are Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Chr. Hansen Holding A/S, Church & Dwight Co., Inc., , and others.
Animal Probiotics Market Trends
- Acquisition is the dominant strategy opted by the prominent players of the Animal Probiotics market and it is then followed by expansion.
- In September 2017, Koninklijke DSM N.V. acquired Twilmij B.V., which is a well-established Dutch nutritional solutions company in the animal feed sector, to strengthen its position in animal nutrition & health. In addition to these, many start-ups are coming up with the help of major investors.
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