The
probiotics in animal feed market is segmented
on the basis of form, livestock, source, and
region. The form of probiotics in animal feed include dry and liquid. This
market has also been segmented on the basis of livestock
in poultry, cattle, swine, aquaculture
and others which include equine, pets,
and rabbits. The market has also been
segmented on the basis of source is bacteria (Lactobacilli,
Bifidobacteria, Streptococcus thermophilus), and yeast. On the basis of key regions, the probiotic in
animal feed market has been segmented
into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The probiotics in animal feed market is driven due to growing awareness about animal
health among customers, rising demand for nutrient-rich feed for animals, and
increasing demand for quality animal products. The ban on the use of antibiotic
growth promoters (AGPs) due to adverse health effects on animals and humans is
also fueling this demand, which is expected to offer growth opportunities to
existing and new entrants in the market. The rapid economic growth in countries
such as China and India has led to a significant increase in the disposable
income of livestock owners. This in turn
is increasing the demand for probiotic-based pet food, making Asia-Pacific the
fastest-growing region in the world. However, stringent international standards
and regulations and high production costs are expected to hamper the market
growth in the coming years.
The key players in the probiotics in animal feed market are as follows:
- Chr. Hansen Holding A/S (Denmark)
- Koninklijke DSM N.V. (Netherlands),
- Lallemand, Inc. (Canada),
- Lesaffre & Cie (France),
- E.I. du Pont de Nemours and Company (U.S.)
- Novozymes A/S (Denmark)
- Calpis Co., Ltd. (Japan)
- Land O'Lakes, Inc. (U.S.)
- Schouw & Co.(Denmark)
- Evonik Industries AG (Germany)
- Alltech (U.S.)
- Mitsui & Co., Ltd. (Japan).
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The key
market players adopted various growth strategies such as expansions and new
product launches in order to cater to the
increasing demand for probiotics in animal feed. Companies have been investing
more in research & development to expand their probiotics in animal feed
product portfolios.
Key Reasons to buy the Report:
• To get a comprehensive overview of the probiotics in 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 is flourishing
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