Probiotics in Animal Feed Market Growth, Trends and Insights || DataM Intelligence

Market Overview

The global Probiotics in Animal Feed Market achieved a valuation of US$ 4.72 billion in 2023 and is projected to soar to US$ 10.21 billion by 2031, marking a robust Compound Annual Growth Rate (CAGR) of 10.12% throughout the forecast period from 2024 to 2031.
Probiotics, renowned for their myriad health advantages for animals, encompassing enhanced gut health, optimized nutrient absorption, and potential reduction in antibiotic dependency, are experiencing a surge in demand. This surge is propelled by escalating global demand for animal protein, a heightened emphasis on animal health and welfare, and stringent regulations curbing antibiotic use. Moreover, heightened awareness regarding animal welfare and the pivotal role probiotics play in mitigating antibiotic reliance further amplifies market expansion.
Probiotics fortify animals' immune systems, rendering them less susceptible to diseases, while also fostering superior gut health, thereby facilitating enhanced nutrient assimilation and overall growth. The restrictions on antibiotic utilization in animal feed further fuel the adoption of probiotics, presenting a natural substitute for antibiotics, fostering animal health, and averting diseases.
The Asia-Pacific region demonstrates a particularly heightened demand for meat products such as chicken, pork, and beef. According to the OECD-FAO Agricultural Outlook 2022-2031, China is anticipated to spearhead the surge in meat production globally. The report underscores a 5% global meat production increase in 2021, primarily driven by a substantial 34% surge in pig meat production in China. Producers are integrating probiotics into animal feed to cater to this escalating demand, promoting accelerated growth and superior meat quality.

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Market Dynamics
Rising Demand for Animal Protein and Focus on Improved Animal Health:
Escalating global demand for animal protein acts as a pivotal driver for the probiotics in the animal feed market. According to the OECD-FAO Agricultural Outlook 2022-2031, the projected growth in protein availability from poultry, pork, beef, and sheep meat underscores the necessity for more efficient livestock farming practices. Probiotics, by enhancing animal growth and productivity, cater to this surging demand, while concurrently addressing consumer concerns regarding health and wellness. The global poultry meat share is anticipated to represent a significant portion of overall meat protein by 2030, further accentuating the need for efficient livestock management practices.

Segment Analysis
The global probiotics in the animal feed market are segmented based on source, form, function, livestock, and region.

Storage and Stability Advantages of Dry Probiotics in Animal Feed:
The market segmentation based on form distinguishes between dry and liquid probiotics, with the dry segment commanding a significant market share. Dry probiotics offer prolonged shelf life, ease of storage, and transportation, making them indispensable for large-scale animal farming operations. The inherent stability and convenience of dry probiotics mitigate spoilage and contamination risks, rendering them a practical and cost-effective solution for diverse animal feed applications. Recent innovations in dry probiotics, such as Phileo by Lesaffre's Actisaf Sc50 PET, further bolster segment demand, ensuring probiotic viability throughout the entire shelf life of dry pet food.

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Geographical Penetration:
Asia-Pacific emerges as the dominant region in the global probiotics in the animal feed market, driven by burgeoning livestock populations in countries like China and India. The substantial demand for animal-based products in this region underscores the imperative for superior feed products, including probiotics, to bolster animal health and performance. Additionally, heightened consumer awareness regarding animal welfare and sustainable farming practices further fuels regional market growth, with probiotics serving as a viable solution to mitigate antibiotic dependency and enhance overall animal health.

Competitive Landscape:
Key global players in the market include Chr. Hansen A/S, DSM, Evonik Industries AG, Purina Animal Nutrition LLC, Kerry Group plc, Novozymes A/S, Phileo by Lesaffre, Lallemand Inc., Suguna Foods Private Limited, and Asahi Group Holdings, Ltd.

COVID-19 Impact Analysis:
The COVID-19 pandemic exerted a moderate impact on the global probiotics in the animal feed market. Disruptions in raw material transportation and production facilities, coupled with fluctuating supply and demand dynamics, posed initial challenges. However, heightened awareness regarding animal health and disease prevention amidst the pandemic propelled increased interest in probiotics as an alternative to antibiotics, sustaining market demand. Notably, stable demand for meat products amid economic uncertainties incentivized livestock producers to prioritize animal well-being, including probiotic adoption in feed formulations.

Key Developments:
In October 2023, Lallemand Animal Nutrition unveiled LALPROBIOME, a novel microbial solutions platform tailored for pets, encompassing a broad spectrum of yeast and bacteria-based solutions to enhance pet well-being.
In November 2020, Evonik Animal Nutrition introduced Ecobiol Fizz, the world's first fizzy probiotic tablet for chickens, designed to stabilize gut microbiota during stressful conditions.
In February 2020, NCIMB launched a comprehensive package of services to aid manufacturers in assessing the suitability of probiotic strains for animal feed applications, aligning with EU safety guidelines.

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