Probiotics in Animal Feed Market by Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets), Source (Bacteria, Yeast, Fungi), Form (Dry, Liquid), Function (Qualitative) (Nutrition, Gut Health, Immunity, Productivity) & Region

Bacteria Segment and China Accounted for Significant Share in 2022

The probiotics in animal feed market is projected to reach USD 7.1 billion by 2028 from USD 4.6 billion by 2023, at a CAGR of 9.1% during the forecast period in terms of value. The probiotics in animal feed market comprises of both dry and liquid form; although dry form hold a larger market share, liquid probiotics for animal feed is driven by factors such as enhanced probiotic strains viability and feed texture. The demand for dry form of probiotics in animal feed is mainly due to factors such as cost-effectiveness, longer shelf lives, and convenient packaging. The major constraints and challenges are the non-standardized international quality regulations for probiotics in animal feed products, high costs associated with R&D for development of new probiotic strains, high popularity of other feed additives which, in turn, hinders the growth of probiotics in animal feed market.

By livestock, poultry is projected in high demand during the forecast period.

The growing concern among poultry breeders regarding the ban on antibiotic growth promoters has proven to be an opportunity for the application of probiotics in animal feed. It aids in the development of antibiotic resistance. Rising awareness among consumers about the benefits associated with the consumption of meat and dairy products has also given rise to their concern about the quality of the meat they consume.

The industrialization of the animal industry is one of the reasons for the increasing demand for probiotics in animal feed specially in poultry owing to its high demand worldwide. Probiotics help improve the efficiency of feed and enhance the feed intake among poultry. Supplementing the diet of broilers with probiotics has resulted in improved feed conversion rates and an increase in weight. It also helps in reducing the mortality rate of broilers. Thus, the rapid demand and growth in poultry meat is expected to drive the market.

By form, the dry format is expected to dominate the market for probiotics in animal feed

Animal feed contains concentrates and roughage. Roughages are feed that are high in fiber. They are thus mostly in dry form. High fiber present in dry form of probiotics helps promote better digestive health in animals. Fiber acts as a prebiotic, providing a food source for beneficial gut bacteria. This supports the growth and activity of probiotics, leading to improved digestion, nutrient absorption, and overall gut health. Fiber-rich dry form probiotics aid in the breakdown of complex carbohydrates, allowing animals to extract more nutrients from their feed. This improved nutrient utilization results in better feed efficiency and potentially reduced feed costs for farmers. Freeze-drying and spray-drying methods are utilized for the preparation of the dry form of probiotic microorganisms.

Moreover, general benefits of feed ingredients, including probiotics in dry or powdered forms, include extended shelf life, convenient packaging, ease of use, and ability to blend with other components. These factors together would bolster the growth of the dry segment.

Asia Pacific will significantly contribute towards market growth during the forecast period

Geographically, the region is segmented as China, India, Japan, Australia, and New Zealand along with Rest of Asia-Pacific. The probiotics in animal feed market in Asia-Pacific is growing primarily due to factors such as growth in population, rapid urbanization in the Asia Pacific region, rise in disposable incomes, and an increase in demand for quality meat products have encouraged the demand for quality feed additives.

Substantial growth is witnessed in India, China, and Japan owing to the rise in the purchasing power of the population and demand for protein-rich meat diets. Poultry and pork are widely consumed in the Asia Pacific region. The region is heterogeneous, with diversity in income levels, technology, and demands of the end consumers to provide better-quality feed to livestock, leading to enhanced scope for future growth. Japan, South Korea, and Malaysia are mature and stable markets and use modern techniques to produce probiotics The continuous modernization of animal production in this region provides opportunities for probiotic manufacturers in the animal feed industry. The Asia Pacific market presents immense opportunities for animal feed probiotic products owing to the rising concerns among the governments about the health and productivity of farm animals. These factors are expected to drive demand for probiotics in animal feed.

Break-up of Primaries:

By Company Type: Tier1-40%, Tier 2-32%, Tier 3- 28%
By Designation: C-level-45%, D-level - 33%, and Others- 22%
By Region: North America - 15%, Europe - 20%, South America-12%, Asia Pacific - 40%, RoW - 13%,

Others include sales managers, territory managers, and product managers.

Leading players profiled in this report:

ADM (US)
International Flavors & Fragrances Inc. (US)
CHR. HANSEN HOLDING A/S (Denmark)
Evonik Industries AG (Germany)
Land O'Lakes (US)
DSM (Netherlands)
Ohly (Germany)
Novozymes (Denmark)
Alltech (US)
Kemin Industries, Inc. (US)
Provita Animal Health (UK)
Orffa (Netherlands)
Lesaffre (France)
Lallemand Inc. (Canada)
Advance Aqua Bio Technologies India Private Limited (India)
SANZYME BIOLOGICS PVT. LTD. (India)
AgriHealth (Ireland)
Arm & Hammer Animal and Food Production (US)
Unique Biotech (India)
Planet biotech India (India)
Indogulf Company (India)
Pellucid Lifesciences Pvt. Ltd. (India)
Pure Cultures (US)
BL BIO LAB, LLC (US)
VIRBAC (France)

The study includes an in-depth competitive analysis of these key players in the probiotics in animal feed market with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report segments the probiotics in animal feed market on the basis of Source, Livestock, Form, Function (qualitative), Distribution Channel (Qualitative), and Region. In terms of insights, this report has focused on various levels of analyses - the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global probiotics in animal feed market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall probiotics in animal feed market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Increased demand for animal protein and other livestock products), restraints (non-standardized international quality regulations for probiotics in animal feed products), opportunity (Abolition of Antibiotic Growth Promoters (AGPs)), and challenges (High popularity of other feed additives) influencing the growth of the probiotics in animal feed market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the probiotics in animal feed market.
Market Development: Comprehensive information about lucrative markets - the report analyses the probiotics in animal feed market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the probiotics in animal feed market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players ADM (US), Chr. Hansen Holding A/S (Denmark), Evonik Industries AG (Germany), Land O’Lakes Inc. (US), DSM (US), and Novozymes (Denmark) are among others in the probiotics in animal feed market strategies. The report also helps stakeholders understand the probiotics and feed additives market and provides them information on key market drivers, restraints, challenges, and opportunities.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
Figure 1 Market Segmentation
1.3.1 Inclusions and Exclusions
1.4 Regions Covered
1.5 Years Considered
1.6 Units Considered
1.6.1 Currency (Value Unit)
Table 1 USD Exchange Rates Considered, 2019-2022
1.6.2 Volume Unit
1.7 Stakeholders
1.8 Summary of Changes
1.9 Recession Impact Analysis

2 Research Methodology

2.1 Research Data
Figure 2 Probiotics in Animal Feed Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primary Interviews
Figure 3 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.2 Market Size Estimation
2.2.1 Top-Down Approach
Figure 4 Market Size Estimation - Identification of Top Suppliers
Figure 5 Probiotics in Animal Feed Market: Supply Side Calculation
2.2.2 Bottom-Up Approach
Figure 6 Market Size Estimation - Revenue from Suppliers
2.3 Data Triangulation
Figure 7 Data Triangulation
2.4 Recession Impact on Probiotics in Animal Feed Market
2.4.1 Macro Indicators of Recession
Figure 8 Indicators of Recession
Figure 9 Global Inflation Rate, 2011-2021
Figure 10 Global GDP, 2011-2021 (USD Trillion)
Figure 11 Recession Indicators and Their Impact on Probiotics in Animal Feed Market
Figure 12 Probiotics in Animal Feed Market: Earlier Forecast vs Recession Forecast
2.5 Research Assumptions
2.6 Research Limitations and Associated Risks

3 Executive Summary

Table 2 Probiotics in Animal Feed Market Snapshot, 2022 Vs. 2028
Figure 13 Probiotics in Animal Feed Market, by Source, 2023 Vs. 2028 (USD Million)
Figure 14 Probiotics in Animal Feed Market, by Livestock, 2023 Vs. 2028 (USD Million)
Figure 15 Probiotics in Animal Feed Market, by Form, 2023 Vs. 2028 (USD Million)
Figure 16 Probiotics in Animal Feed Market Share, by Region, 2022 (Value)

4 Premium Insights

4.1 Attractive Opportunities for Players in Probiotics in Animal Feed Market
Figure 17 Rise Awareness Regarding Animal Health to Drive Probiotics in Animal Feed Market
4.2 Asia-Pacific: Probiotics in Animal Feed Market, by Source and Country
Figure 18 Bacteria Segment and China Accounted for Significant Share in 2022
4.3 Probiotics in Animal Feed Market, by Form
Figure 19 Dry Segment to Lead Market by 2028
4.4 Probiotics in Animal Feed Market, by Livestock
Figure 20 Poultry Segment to Dominate Market by 2028
4.5 Probiotics in Animal Feed Market, by Source
Figure 21 Bacteria Segment to Dominate Market by 2028

5 Market Overview

5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Rise in Production of Compound Feed
Figure 22 Compound Feed Production, 2012-2022 (Million Metric Tonnes)
5.2.2 Growth Opportunities in Emerging Economies
Figure 23 Gross Domestic Product Growth Rate in Asian Countries, 2020-2021
5.3 Market Dynamics
Figure 24 Drivers, Restraints, Opportunities, and Challenges: Probiotics in Animal Feed Market
5.3.1 Drivers
5.3.1.1 Increased Demand for Animal Protein and Other Livestock Products
Table 3 Per Capita Consumption of Livestock Products
5.3.1.2 Pressure on Feed Productivity and Feed Conversion Rate
5.3.1.3 Greater Prevalence of Disease Outbreaks
5.3.2 Restraints
5.3.2.1 Non-Standardized International Quality Regulations
5.3.3 Opportunities
5.3.3.1 Abolition of Antibiotic Growth Promoters (Agps)
5.3.3.2 Innovations and Technological Advancements in Feed Industry
5.3.4 Challenges
5.3.4.1 High R&D Costs for Developing New Probiotic Strains
5.3.4.2 High Popularity of Other Feed Additives

6 Industry Trends

6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research & Product Development
6.2.2 Raw Material Sourcing
6.2.3 Production & Processing
6.2.4 Distribution
6.2.5 Marketing & Sales
Figure 25 Value Chain Analysis of Probiotics in Animal Feed Market
6.3 Technology Analysis
6.3.1 Bacteriophages as New Source of Probiotics
6.3.2 Probiotics in Form of Effervescent Tablets
6.4 Pricing Analysis: Probiotics in Animal Feed Market
6.4.1 Average Selling Price, by Source
Figure 26 Average Selling Prices, by Source, 2020-2022 (Usd/Ton)
Table 4 Probiotics in Animal Feed Market: Average Selling Price, by Source, 2020-2022 (Usd/Ton)
Table 5 Bacteria-Based Probiotics: Average Selling Price, by Region, 2020-2022 (Usd/Ton)
Table 6 Yeast/Fungi-Based Probiotics: Average Selling Price, by Region, 2020-2022 (Usd/Ton)
6.5 Ecosystem/Market Map
6.5.1 Demand Side
6.5.2 Supply Side
Figure 27 Probiotics in Animal Feed Market Map
Table 7 Probiotics in Animal Feed Market: Supply Chain (Ecosystem)
Figure 28 Probiotics in Animal Feed: Ecosystem
6.6 Trends/Disruptions Impacting Customers’ Businesses
Figure 29 Revenue Shift for Probiotics in Animal Feed Market
6.7 Patent Analysis
Figure 30 Number of Patents Granted Between 2013 and 2022
Figure 31 Top Ten Inventors with Highest Number of Patent Documents
Figure 32 Leading Applicants with Highest Number of Patent Documents
Table 8 Patents Pertaining to Probiotics in Animal Feed, 2021-2023
6.8 Trade Analysis
Table 9 Top Ten Importers and Exporters of Lactobacillus, 2021 (Kg)
6.9 Key Conferences and Events
Table 10 Key Conferences and Events, 2023-2024
6.10 Tariffs and Regulatory Landscape
6.10.1 North America
6.10.1.1 US
6.10.1.2 Canada
6.10.2 European Union
6.10.3 Asia-Pacific
6.10.3.1 China
6.10.3.2 Japan
6.10.3.3 India
6.10.4 South America
6.10.4.1 Brazil
Table 11 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
6.11 Porter's Five Forces Analysis
Table 14 Probiotics in Animal Feed Market: Porter's Five Forces Analysis
6.11.1 Intensity of Competitive Rivalry
6.11.2 Bargaining Power of Suppliers
6.11.3 Bargaining Power of Buyers
6.11.4 Threat of Substitutes
6.11.5 Threat of New Entrants
6.12 Key Stakeholders and Buying Criteria
6.12.1 Key Stakeholders in Buying Process
Figure 33 Influence of Stakeholders on Buying Process for Key Sources
Table 15 Influence of Stakeholders on Buying Process for Key Sources of Probiotics in Animal Feed
6.12.2 Buying Criteria
Table 16 Probiotics in Animal Feed Market: Key Criteria for Selecting Suppliers/Vendors
Figure 34 Key Criteria for Selecting Suppliers/Vendors
6.13 Case Studies
6.13.1 Acquisition of Probiotics International Limited Helped Adm Expand Its Offerings
6.13.2 Launch of Ecobil Fizz for Chickens Helped Evonik Industries AG Broaden Poultry Product Portfolio

7 Probiotics in Animal Feed Market, by Source

7.1 Introduction
Table 17 Probiotics Commonly Used in Animal Feed
Figure 35 Probiotics in Animal Feed Market, by Source, 2023 Vs. 2028 (USD Million)
Table 18 Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 19 Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 20 Probiotics in Animal Feed Market, by Source, 2019-2022 (Kt)
Table 21 Probiotics in Animal Feed Market, by Source, 2023-2028 (Kt)
7.2 Bacteria
7.2.1 High Commercialization and Better Bile Resistance as Compared to Yeast
Table 22 Bacteria: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 23 Bacteria: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
Table 24 Bacteria: Probiotics in Animal Feed Market, by Region, 2019-2022 (Kt)
Table 25 Bacteria: Probiotics in Animal Feed Market, by Region, 2023-2028 (Kt)
Table 26 Bacteria: Probiotics in Animal Feed Market, by Type, 2019-2022 (USD Million)
Table 27 Bacteria: Probiotics in Animal Feed Market, by Type, 2023-2028 (USD Million)
7.2.2 Lactobacilli
7.2.3 Bifidobacterium
7.2.4 Streptococcus Thermophilus
7.3 Yeast & Fungi
7.3.1 High Rate of Product Innovations and Ongoing Research
Table 28 Yeast & Fungi: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 29 Yeast & Fungi: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
Table 30 Yeast & Fungi: Probiotics in Animal Feed Market, by Region, 2019-2022 (Kt)
Table 31 Yeast & Fungi: Probiotics in Animal Feed Market, by Region, 2023-2028 (Kt)
Table 32 Yeast & Fungi: Probiotics in Animal Feed Market, by Type, 2019-2022 (USD Million)
Table 33 Yeast & Fungi: Probiotics in Animal Feed Market, by Type, 2023-2028 (USD Million)
7.3.2 Saccharomyces Cerevisiae
7.3.3 Saccharomyces Boulardii
7.3.4 Other Yeast & Fungi Sources

8 Probiotics in Animal Feed Market, by Livestock

8.1 Introduction
Table 34 Benefits Associated with Administration of Probiotics in Animal Feed
Figure 36 Probiotics in Animal Feed Market, by Livestock, 2023 Vs. 2028 (USD Million)
Table 35 Probiotics in Animal Feed Market, by Livestock, 2019-2022 (USD Million)
Table 36 Probiotics in Animal Feed Market, by Livestock, 2023-2028 (USD Million)
8.2 Poultry
8.2.1 Rapid Demand and Growth of Poultry Meat
Table 37 Bacterial Strains Used in Manufacture of Probiotics for Poultry
Table 38 Poultry: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 39 Poultry: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
8.3 Swine
8.3.1 High Pork Consumption in Asian Countries
Table 40 Probiotic Microorganisms Commonly Used in Swine Feed
Table 41 Swine: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 42 Swine: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
8.4 Ruminants
8.4.1 High Per Capita Consumption of Beef and Global Rise in Demand for Dairy Products
Table 43 Ruminants: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 44 Ruminants: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
8.5 Aquaculture
8.5.1 Substantial Rise in Global Aquaculture Feed Tonnage
Table 45 Application of Probiotics in Aquaculture
Table 46 Aquaculture: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 47 Aquaculture: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
8.6 Pets
8.6.1 Surge in Pet Ownership in North America and Europe
Table 48 Pets: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 49 Pets: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
8.7 Other Livestock
Table 50 Other Livestock: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 51 Other Livestock: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)

9 Probiotics in Animal Feed Market, by Form

9.1 Introduction
Figure 37 Dry Form to Dominate Market During Forecast Year (USD Million)
Table 52 Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 53 Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
9.2 Dry
9.2.1 Better Feed Efficiency and Cost Optimization
Table 54 Dry: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 55 Dry: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
9.3 Liquid
9.3.1 Enhanced Probiotic Strains Viability and Feed Texture Uniformity
Table 56 Liquid: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 57 Liquid: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)

10 Probiotics in Animal Feed Market, by Function

10.1 Introduction
10.2 Nutrition
10.3 Gut Health
10.4 Yield
10.5 Immunity
10.6 Productivity

11 Probiotics in Animal Feed Market, by Distribution Channel

11.1 Introduction
11.2 Direct Sales to Distributors
11.3 Direct Sales to Livestock Growers and Feed Integrators
11.4 Other Distribution Channels

12 Probiotics in Animal Feed Market, by Region

12.1 Introduction
Figure 38 Probiotics in Animal Feed Market: Geographic Growth Opportunities
Table 58 Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 59 Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
Table 60 Probiotics in Animal Feed Market, by Region, 2019-2022 (Kt)
Table 61 Probiotics in Animal Feed Market, by Region, 2023-2028 (Kt)
12.2 North America
12.2.1 North America: Recession Impact Analysis
Figure 39 North America: Inflation Rate, by Key Country, 2018-2021
Figure 40 North America: Recession Impact Analysis
Figure 41 North America: Market Snapshot
Table 62 North America: Probiotics in Animal Feed Market, by Country, 2019-2022 (USD Million)
Table 63 North America: Probiotics in Animal Feed Market, by Country, 2023-2028 (USD Million)
Table 64 North America: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 65 North America: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 66 North America: Probiotics in Animal Feed Market, by Source, 2019-2022 (Kt)
Table 67 North America: Probiotics in Animal Feed Market, by Source, 2023-2028 (Kt)
Table 68 North America: Probiotics in Animal Feed Market, by Livestock, 2019-2022 (USD Million)
Table 69 North America: Probiotics in Animal Feed Market, by Livestock, 2023-2028 (USD Million)
Table 70 North America: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 71 North America: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.2.2 US
12.2.2.1 High Demand for Animal-Based Protein and Rise in Pet Ownership
Table 72 Us: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 73 Us: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 74 Us: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 75 Us: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.2.3 Canada
12.2.3.1 Modernization of Dairy Industry and Rise in Layer Feed Production
Table 76 Canada: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 77 Canada: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 78 Canada: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 79 Canada: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.2.4 Mexico
12.2.4.1 Strengthening Feed Industry, Surging Meat Exports, and High Demand for Poultry Products
Table 80 Mexico: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 81 Mexico: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 82 Mexico: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 83 Mexico: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.3 Europe
12.3.1 Europe: Recession Impact Analysis
Figure 42 Europe: Inflation Rate, by Key Country, 2018-2021
Figure 43 Europe: Recession Impact Analysis
Table 84 Europe: Probiotics in Animal Feed Market, by Country, 2019-2022 (USD Million)
Table 85 Europe: Probiotics in Animal Feed Market, by Country, 2023-2028 (USD Million)
Table 86 Europe: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 87 Europe: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 88 Europe: Probiotics in Animal Feed Market, by Source, 2019-2022 (Kt)
Table 89 Europe: Probiotics in Animal Feed Market, by Source, 2023-2028 (Kt)
Table 90 Europe: Probiotics in Animal Feed Market, by Livestock, 2019-2022 (USD Million)
Table 91 Europe: Probiotics in Animal Feed Market, by Livestock, 2023-2028 (USD Million)
Table 92 Europe: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 93 Europe: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.3.2 Germany
12.3.2.1 Higher Meat Production in Commercial Slaughterhouses
Table 94 Germany: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 95 Germany: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 96 Germany: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 97 Germany: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.3.3 UK
12.3.3.1 Increased Health Awareness and Consumption of Dairy Products
Table 98 Uk: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 99 Uk: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 100 Uk: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 101 Uk: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.3.4 France
12.3.4.1 High Compound Feed Production and Strong Regulations
Table 102 France: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 103 France: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 104 France: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 105 France: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.3.5 Italy
12.3.5.1 Growth of Pet Food Premium Products and High Animal Feed Consumption
Table 106 Italy: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 107 Italy: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 108 Italy: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 109 Italy: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.3.6 Spain
12.3.6.1 Greater Demand for Meat and Dairy Products
Table 110 Spain: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 111 Spain: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 112 Spain: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 113 Spain: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.3.7 Russia
12.3.7.1 Robust Feed Industry Coupled with Rise in Demand for Poultry and Dairy Products
Table 114 Russia: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 115 Russia: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 116 Russia: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 117 Russia: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.3.8 Rest of Europe
Table 118 Rest of Europe: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 119 Rest of Europe: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 120 Rest of Europe: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 121 Rest of Europe: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.4 Asia-Pacific
12.4.1 Asia-Pacific: Recession Impact Analysis
Figure 44 Asia-Pacific: Inflation Rate, by Key Country, 2018-2021
Figure 45 Asia-Pacific: Recession Impact Analysis
Figure 46 Asia-Pacific: Market Snapshot
Table 122 Asia-Pacific: Probiotics in Animal Feed Market, by Country/Region, 2019-2022 (USD Million)
Table 123 Asia-Pacific: Probiotics in Animal Feed Market, by Country/Region, 2023-2028 (USD Million)
Table 124 Asia-Pacific: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 125 Asia-Pacific: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 126 Asia-Pacific: Probiotics in Animal Feed Market, by Source, 2019-2022 (Kt)
Table 127 Asia-Pacific: Probiotics in Animal Feed Market, by Source, 2023-2028 (Kt)
Table 128 Asia-Pacific: Probiotics in Animal Feed Market, by Livestock, 2019-2022 (USD Million)
Table 129 Asia-Pacific: Probiotics in Animal Feed Market, by Livestock, 2023-2028 (USD Million)
Table 130 Asia-Pacific: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 131 Asia-Pacific: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.4.2 China
12.4.2.1 Rapid Urbanization and Rising Demand for Livestock
Table 132 China: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 133 China: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 134 China: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 135 China: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.4.3 India
12.4.3.1 Large Cattle Population and Demand for Feed Additives
Table 136 India: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 137 India: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 138 India: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 139 India: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.4.4 Japan
12.4.4.1 Increase in Demand for Premium-Quality Animal Products
Table 140 Japan: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 141 Japan: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 142 Japan: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 143 Japan: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.4.5 Australia & New Zealand
12.4.5.1 Growth in Demand for Organic and Free-Range Products
Table 144 Australia & New Zealand: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 145 Australia & New Zealand: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 146 Australia & New Zealand: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 147 Australia & New Zealand: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.4.6 Rest of Asia-Pacific
Table 148 Rest of Asia-Pacific: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 149 Rest of Asia-Pacific: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 150 Rest of Asia-Pacific: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 151 Rest of Asia-Pacific: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.5 South America
12.5.1 South America: Recession Impact Analysis
Figure 47 South America: Inflation Rate, by Key Country, 2018-2021
Figure 48 South America: Recession Impact Analysis
Table 152 South America: Probiotics in Animal Feed Market, by Country, 2019-2022 (USD Million)
Table 153 South America: Probiotics in Animal Feed Market, by Country, 2023-2028 (USD Million)
Table 154 South America: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 155 South America: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 156 South America: Probiotics in Animal Feed Market, by Source, 2019-2022 (Kt)
Table 157 South America: Probiotics in Animal Feed Market, by Source, 2023-2028 (Kt)
Table 158 South America: Probiotics in Animal Feed Market, by Livestock, 2019-2022 (USD Million)
Table 159 South America: Probiotics in Animal Feed Market, by Livestock, 2023-2028 (USD Million)
Table 160 South America: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 161 South America: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.5.2 Brazil
12.5.2.1 Substantial Demand for Good Quality Meat in Domestic and International Markets
Table 162 Brazil: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 163 Brazil: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 164 Brazil: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 165 Brazil: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.5.3 Argentina
12.5.3.1 High Per Capita Beef Consumption and Thriving Livestock Industry
Table 166 Argentina: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 167 Argentina: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 168 Argentina: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 169 Argentina: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.5.4 Rest of South America
Table 170 Rest of South America: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 171 Rest of South America: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 172 Rest of South America: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 173 Rest of South America: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.6 Rest of the World
12.6.1 Rest of the World: Recession Impact Analysis
Figure 49 Rest of the World: Inflation Rate, by Subregion, 2018-2021
Figure 50 Rest of the World Probiotics in Animal Feed Market: Recession Impact Analysis
Table 174 Rest of the World: Probiotics in Animal Feed Market, by Region, 2019-2022 (USD Million)
Table 175 Rest of the World: Probiotics in Animal Feed Market, by Region, 2023-2028 (USD Million)
Table 176 Rest of the World: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 177 Rest of the World: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 178 Rest of the World: Probiotics in Animal Feed Market, by Source, 2019-2022 (Kt)
Table 179 Rest of the World: Probiotics in Animal Feed Market, by Source, 2023-2028 (Kt)
Table 180 Rest of the World: Probiotics in Animal Feed Market, by Livestock, 2019-2022 (USD Million)
Table 181 Rest of the World: Probiotics in Animal Feed Market, by Livestock, 2023-2028 (USD Million)
Table 182 Rest of the World: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 183 Rest of the World: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.6.2 Africa
12.6.2.1 Well-Developed Livestock Industry Coupled with Growing Meat Consumption
Table 184 Africa: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 185 Africa: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 186 Africa: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 187 Africa: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)
12.6.3 Middle East
12.6.3.1 High Consumption of Beef to Fuel Market
Table 188 Middle East: Probiotics in Animal Feed Market, by Source, 2019-2022 (USD Million)
Table 189 Middle East: Probiotics in Animal Feed Market, by Source, 2023-2028 (USD Million)
Table 190 Middle East: Probiotics in Animal Feed Market, by Form, 2019-2022 (USD Million)
Table 191 Middle East: Probiotics in Animal Feed Market, by Form, 2023-2028 (USD Million)

13 Competitive Landscape

13.1 Overview
13.2 Market Share Analysis
Table 192 Probiotics in Animal Feed Market: Degree of Competition (Competitive)
13.3 Segmental Revenue Analysis of Key Players
Figure 51 Segmental Revenue Analysis of Key Players, 2018-2022 (USD Billion)
13.4 Key Players Annual Revenue vs Growth
Figure 52 Annual Revenue, 2022 (USD Billion) vs Revenue Growth, 2020-2022
13.5 Key Players Ebidta
Figure 53 Ebidta, 2022 (USD Billion)
13.6 Key Player Strategies
Table 193 Strategies Adopted by Key Players in Probiotics in Animal Feed Market
13.7 Global Snapshot of Key Market Participants
Figure 54 Global Snapshot of Key Participants, 2022
13.8 Company Evaluation Quadrant (Key Players)
13.8.1 Stars
13.8.2 Emerging Leaders
13.8.3 Pervasive Players
13.8.4 Participants
Figure 55 Probiotics in Animal Feed Market: Company Evaluation Quadrant, 2022 (Key Players)
13.9 Probiotics in Animal Feed Market: Product Footprint (Key Players)
Table 194 Company Footprint, by Source
Table 195 Company Footprint, by Livestock
Table 196 Company Footprint, by Region
Table 197 Overall Company Footprint
13.10 Company Evaluation Quadrant (Startups/Smes)
13.10.1 Progressive Companies
13.10.2 Starting Blocks
13.10.3 Responsive Companies
13.10.4 Dynamic Companies
Figure 56 Probiotics in Animal Feed Market: Company Evaluation Quadrant, 2022 (Startups/Smes)
13.10.5 Competitive Benchmarking of Key Startups/Smes
Table 198 Probiotics in Animal Feed Market: Detailed List of Key Startups/Smes
Table 199 Probiotics in Animal Feed Market: Competitive Benchmarking of Key Startups/Smes
13.11 Competitive Scenario
13.11.1 New Product Launches
Table 200 Probiotics in Animal Feed Market: New Product Launches, 2019-2021
13.11.2 Deals
Table 201 Probiotics in Animal Feed Market: Deals, 2018-2021
13.11.3 Others
Table 202 Probiotics in Animal Feed Market: Others, 2019

14 Company Profiles

14.1 Key Companies
(Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1.1 Adm
Table 203 Adm: Business Overview
Figure 57 Adm: Company Snapshot
Table 204 Adm: Products/Solutions/Services Offered
Table 205 Adm: Deals
14.1.2 International Flavors & Fragrances Inc.
Table 206 International Flavors & Fragrances Inc.: Business Overview
Figure 58 International Flavors & Fragrances Inc.: Company Snapshot
Table 207 International Flavors & Fragrances Inc.: Products/Solutions/Services Offered
Table 208 International Flavors & Fragrances Inc.: New Product Launches
Table 209 International Flavors & Fragrances Inc.: Deals
14.1.3 Chr. Hansen Holding A/S
Table 210 Chr. Hansen Holding A/S: Business Overview
Figure 59 Chr. Hansen Holding A/S: Company Snapshot
Table 211 Chr. Hansen Holding A/S: Products/Solutions/Services Offered
Table 212 Chr. Hansen Holding A/S: New Product Launches
Table 213 Chr. Hansen Holding A/S: Deals
14.1.4 Evonik Industries Ag
Table 214 Evonik Industries Ag: Business Overview
Figure 60 Evonik Industries Ag: Company Snapshot
Table 215 Evonik Industries Ag: Products/Solutions/Services Offered
Table 216 Evonik Industries Ag: New Product Launches
14.1.5 Land O’Lakes, Inc.
Table 217 Land O’Lakes, Inc.: Business Overview
Figure 61 Land O’Lakes, Inc.: Company Snapshot
Table 218 Land O’Lakes, Inc.: Products/Solutions/Services Offered
Table 219 Land O’Lakes, Inc.: Others
14.1.6 Dsm
Table 220 Dsm: Business Overview
Figure 62 Dsm: Company Snapshot
Table 221 Dsm: Products/Solutions/Services Offered
Table 222 Dsm: Deals
14.1.7 Ohly
Table 223 Ohly: Business Overview
Figure 63 Ohly: Company Snapshot
Table 224 Ohly: Products/Solutions/Services Offered
Table 225 Ohly: New Product Launches
14.1.8 Novozymes
Table 226 Novozymes: Business Overview
Figure 64 Novozymes: Company Snapshot
Table 227 Novozymes: Products/Solutions/Services Offered
Table 228 Novozymes: Deals
14.1.9 Alltech
Table 229 Alltech: Business Overview
Table 230 Alltech: Products/Solutions/Services Offered
14.1.10 Kemin Industries, Inc.
Table 231 Kemin Industries, Inc.: Business Overview
Table 232 Kemin Industries, Inc.: Products/Solutions/Services Offered
Table 233 Kemin Industries, Inc.: New Product Launches
14.1.11 Provita Animal Health
Table 234 Provita Animal Health: Business Overview
Table 235 Provita Animal Health: Products/Solutions/Services Offered
14.1.12 Orffa
Table 236 Orffa: Business Overview
Table 237 Orffa: Products/Solutions/Services Offered
14.1.13 Lesaffre
Table 238 Lesaffre: Business Overview
Table 239 Lesaffre: Products/Solutions/Services Offered
14.1.14 Lallemand Inc.
Table 240 Lallemand Inc.: Business Overview
Table 241 Lallemand Inc.: Products/Solutions/Services Offered
14.1.15 Advance Aqua Bio Technologies India Private Limited
Table 242 Advance Aqua Bio Technologies India Private Limited: Business Overview
Table 243 Advance Aqua Bio Technologies India Private Limited: Products/Solutions/Services Offered
14.1.16 Sanzyme Biologics Pvt. Ltd.
Table 244 Sanzyme Biologics Pvt. Ltd.: Business Overview
Table 245 Sanzyme Biologics Pvt. Ltd.: Products/Solutions/Services Offered
14.1.17 Agrihealth
Table 246 Agrihealth: Business Overview
Table 247 Agrihealth: Products/Solutions/Services Offered
14.1.18 Arm & Hammer Animal and Food Production
Table 248 Arm & Hammer Animal and Food Production: Business Overview
Table 249 Arm & Hammer Animal and Food Production: Products/Solutions/Services Offered
14.1.19 Unique Biotech
Table 250 Unique Biotech: Business Overview
Table 251 Unique Biotech: Products/Solutions/Services Offered
14.1.20 Planet Biotech India
Table 252 Planet Biotech India: Business Overview
Table 253 Planet Biotech India: Products/Solutions/Services Offered
14.2 Other Players
14.2.1 Indogulf Company
Table 254 Indogulf Company: Company Overview
14.2.2 Pellucid Lifesciences Pvt. Ltd.
Table 255 Pellucid Lifesciences Pvt. Ltd.: Company Overview
14.2.3 Pure Cultures
Table 256 Pure Cultures: Company Overview
14.2.4 Bl Bio Lab, LLC
Table 257 Bl Bio Lab, LLC: Company Overview
14.2.5 Virbac
Table 258 Virbac: Company Overview
*Details on Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.

15 Adjacent and Related Markets

15.1 Introduction
Table 259 Adjacent Markets
15.2 Research Limitations
15.3 Feed Additives Market
15.3.1 Market Definition
15.3.2 Market Overview
Table 260 Feed Additives Market, by Type, 2021-2026 (USD Million)
15.4 Probiotics Market
15.4.1 Market Definition
15.4.2 Market Overview
Table 261 Probiotics Market, by Product Type, 2022-2027 (USD Billion)

16 Appendix

16.1 Discussion Guide
16.2 Knowledgestore: The Subscription Portal
16.3 Customization Options
16.4 Related Reports

Executive Summary

Companies Mentioned

Adm
Advance Aqua Bio Technologies India Private Limited
Agrihealth
Alltech
Arm & Hammer Animal and Food Production
Bl Bio Lab, LLC
Chr. Hansen Holding A/S
Dsm
Evonik Industries Ag
Indogulf Company
International Flavors & Fragrances Inc.
Kemin Industries, Inc.
Lallemand Inc.
Land O’Lakes, Inc.
Lesaffre
Novozymes
Ohly
Orffa
Pellucid Lifesciences Pvt. Ltd.
Planet Biotech India
Provita Animal Health
Pure Cultures
Sanzyme Biologics Pvt. Ltd.
Unique Biotech
Virbac

Methodology

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Table Information

Report Attribute	Details
No. of Pages	253
Published	June 2023
Forecast Period	2023 - 2028
Estimated Market Value ( USD ) in 2023	$ 4.6 Billion
Forecasted Market Value ( USD ) by 2028	$ 7.1 Billion
Compound Annual Growth Rate	9.1%
Regions Covered	Global
No. of Companies Mentioned	25

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Probiotics in Animal Feed Market by Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets), Source (Bacteria, Yeast, Fungi), Form (Dry, Liquid), Function (Qualitative) (Nutrition, Gut Health, Immunity, Productivity) & Region - Global Forecast to 2028

By livestock, poultry is projected in high demand during the forecast period.

By form, the dry format is expected to dominate the market for probiotics in animal feed