Fact.MR’s study provides an authentic forecast on the animal feed probiotics market for the period between 2018 and 2028. The animal feed probiotics market has been envisaged to record an impressive CAGR of 6.0% through 2028. Each segment of the animal feed probiotics market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- APEJ (China, India)
- MEA and Japan
According to the Fact.MR report, among the various sources of animal feed probiotics, demand is especially strong for probiotic bacteria lactobacillus as it stimulates immunity, increases colonization resistance and boosts competitive exclusion. Lactobacillus is widely known for its health stimulating properties.
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Manufacturers in animal nutrition industry have been seeking advanced technologies to meet the growing demand from poultry, cattle, swine, companion animals, aquaculture, and other animal sectors. Probiotics’ nearly clean label consideration from regulatory point of view coupled with their numerous health benefits are prompting their extensive use in animal feed. The application of animal feed probiotics to improve nutritional value and safety of the animal feed is likely to create opportunities in the long run.
The developments in new-age technology have enabled remarkable refinements in the methodologies that offer erratic solutions to several prevailing challenges. These growing developments in technology are modifying the animal nutrition sector, bringing tremendous changes for the animal feed probiotics’ manufacturers to embrace, which Fact.MR report opines is likely to create lucrative opportunities over the forecast period.
Europe Estimated to Witness Sales of Over 407,141 Tons of Animal Feed Probiotics in 2019
Fact.MR study opines that Europe will witness highest sales of animal feed probiotics. The extremely high number of EU farmers’ raising animals for food production, and high number of pet owning households in the region, have been identified as key factors that are driving the demand for animal feed probiotics. Animal feed probiotics’ sales in Europe will be sustained by growing adoption in livestock farms. Gains will also be healthy in Asia Pacific excluding Japan (APEJ), on account of growing animal feed or nutrition, and agriculture industry.
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Fact.MR study opines that animal feed probiotics sales for poultry animals will remain robust in 2019, after accounting for nearly two-fifth volume share in 2018. This can be primarily attributed to offerings of animal feed probiotic supplements that fill for various deficiencies in the animal diet. According to the study, animal feed probiotics also find extensive adoption in cattle breeding, as they cater to daily requirements of necessary nutrients in their diet.
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