Feed Probiotics Market Size, Share, Industry Trends and Forecast to 2030

Feed Probiotics Market Size & CAGR in 2021

The global feed probiotics market is expected to have a growth rate of 4.2% CAGR from 2021 to 2028. The market is anticipated to reach a value of USD 3.5 billion by the end of 2028.

COVID-19 Impact on the Feed Probiotics Market

The COVID-19 pandemic has had a significant impact on the feed probiotics market. With disruptions in the supply chain and changes in consumer behavior, the market saw fluctuations in demand and prices. However, the increased focus on animal health and immunity boosted the demand for feed probiotics during the pandemic.

Feed Probiotics Dynamics

The feed probiotics market is driven by factors such as the growing awareness about animal health, the increase in demand for quality animal products, and the emphasis on natural alternatives to traditional antibiotics. The market is also influenced by regulatory policies related to animal feed and the rising trend of sustainable farming practices.

Segments and Related Analysis

The feed probiotics market is segmented based on type, application, and animal type. By type, the market is categorized into bacteria, yeast, and others. By application, the market is divided into gut health, immunity, and productivity enhancement. By animal type, the market includes poultry, swine, cattle, and others.

By Region Analysis

The feed probiotics market is analyzed regionally, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America has the largest market share due to the presence of key players and the adoption of advanced animal healthcare practices. Asia Pacific is projected to witness significant growth due to the increasing demand for quality animal products.

Key Market Players and Competitive Landscape

Key players in the feed probiotics market include Chr. Hansen Holding A/S, DSM Nutritional Products AG, Lallemand Inc., Lesaffre, and Novozymes A/S. The market is highly competitive, with companies focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge.

Recent Happenings in the Feed Probiotics Market

In recent developments, Chr. Hansen Holding A/S announced the launch of a new probiotic strain for poultry health. DSM Nutritional Products AG unveiled a new line of probiotic supplements for swine nutrition. Lallemand Inc. introduced a probiotic feed additive for cattle to improve digestion and overall health. These developments highlight the growing importance of feed probiotics in the global animal nutrition market.