twitter RSS Feed linkedin acp contact

Fact.MR launches report on animal feed probiotics market

Flourishing livestock and animal industry has catalysed demand for animal feed probiotics

AdobeStock 298608166Fact.MR launches a report analysing demand for animal feed probiotics market. (Image source: Adobe stock)

Probiotics are sourced from bacteria such as enterococcus, lactobacillus, pediococcus, and bacillus, and non-bacteria yeast and fungi. These are given to animals to improve the gut, digestion, and overall health. 

Analysing consumer spending behaviour, increase in disposable income, consciousness towards health and food, and other key factors will strengthen demand for animal feed probiotics over the coming years, which will generate a billion dollar opportunity for new as well as existing market players.

As per a recent market intelligence analysis, the global animal feed probiotics market is set to expand at a healthy CAGR of close to 7% over the forecast period of 2021 to 2031.

Key Takeaways from Market Study

• The global animal feed probiotics market is anticipated to add 2X value by 2031 as compared to 2021.

• Lactobacillus bacteria capture a governing share of the market, and are set to create over a billion dollar opportunity over the long-term forecast period.

• Companion animals are the fastest growing segment and will acquire nearly one-sixth market share by 2031.

• China, India, Germany, and the United States of America are key countries dominating demand for animal feed probiotic products.

Growing demand for animal feed probiotics has allowed the market valuation to grow rapidly in the past half-decade. Despite market fragmentation, higher potential of the product will attract new players into the market over the coming years.

These insights are based on a report on Animal Feed Probiotics Market by Fact.MR.

 

 


LATEST NEWS IN Poultry

120 exhibitors from the world at Poultry Africa Expo

120 exhibitors from the world at Poultry…

Poultry Africa is ready to kick-off in less than two months and leading suppliers from Europe, Asia, Middle East, America and Africa will showcase the best in poultry products and...

Strong line-up of international experts at Leadership Conference

Strong line-up of international experts …

On 4 October, one day prior to the Poultry Africa 2022 Expo opening at the Kigali Convention Centre (KCC), the Leadership Conference offers the opportunity to gain in-depth knowledge from...

3 million households in Zimbabawe to receive poultry chicks

3 million households in Zimbabawe to rec…

The revamped Presidential Rural Poultry Scheme in Zimbabwe will see as many as 3 million households receiving 10 indigenous poultry chicks each, as part of a targeted empowerment programme

Optimal ventilation vitally important in broiler farms

Optimal ventilation vitally important in…

Broiler farms need to prioritise maintenance of ventilation systems to ensure healthy and productive livestock as well as avoid unexpected costs, according to experts at one of the leading ventilation...

INDICAL BIOSCIENCE partners with Evonik for innovation in monitoring poultry health

INDICAL BIOSCIENCE partners with Evonik …

INDICAL BIOSCIENCE, part of the Vimian Group, announced a partnership with Evonik to develop and expand precision monitoring solutions in poultry through the ScreenFloX service

European Trade Commission approves imports of Moroccan poultry

European Trade Commission approves impor…

Through an amendment legislation, the European Trade Commission has placed Morocco on the list of countries authorised to export poultry products to EU member countries 

Prev Next

OTHER RELATED ARTICLES - Poultry

Aviagen launches David Butler Award to recognise promising EMEAA school students

Aviagen launches David Butler Award to r…

Aviagen has launched the David Butler Award to recognise the most promising students of Europe, Middle East, Africa and Asia (EMEAA) schools

120 exhibitors from the world at Poultry Africa Expo

120 exhibitors from the world at Poultry…

Poultry Africa is ready to kick-off in less than two months and leading suppliers from Europe, Asia, Middle East, America and Africa will showcase the best in poultry products and...

Synergistically improving energy efficiency in poultry production

Synergistically improving energy efficie…

The rise of antimicrobial resistance, together with increasing global pressure to reduce or remove antibiotics from the food chain, is driving fundamental change within the animal production industry

Poultry farming training helps communities in East Sudan achieve food security

Poultry farming training helps communiti…

Communities in East Sudan have been introduced to poultry farming and educated on the nutritional benefits of eggs which are not traditionally consumed in this region

FierAvicola to strengthen Italian poultry industry

FierAvicola to strengthen Italian poultr…

‘FierAvicola’ 2019 will be held from 27-29 March at the Forlì Exhibition Center in Forlì, Italy

Nigerian government to re-launch Avutu poultry firm

Nigerian government to re-launch Avutu p…

Imo State government in Nigeria is seeking to re-launch the Avutu modern poultry farm situated in Obowo, local government area of Imo State

Poultry production rises in Uganda

Poultry production rises in Uganda

Poultry production in Uganda rose by 3.2 per cent in 2012 despite the effect climate change has had on the country's poultry sector

Gambian veterinary staff trained on use of vaccines

Gambian veterinary staff trained on use …

The Department of Livestock Services alongside the West Africa Agricultural Production and Productivity (WAPP) Project has completed a two-day capacity building programme for 60 Gambian veterinary staff on the usage...

A biosecurity programme for healthy poultry

A biosecurity programme for healthy poul…

Biosecurity is crucial and essential for the safe and profitable production of all types of livestock, but poultry production is especially at risk for the following reasons

Marel unveils IRIS FI to enhance visual quality for poultry processing

Marel unveils IRIS FI to enhance visual …

Marel, a manufacturer of food processing equipment f for meat, poultry and fish processing industries, has unveiled its quality assurance equipment, called the IRIS FI According to Marel, IRIS FI  is...

EM Holding signs MoU to support poultry production

EM Holding signs MoU to support poultry …

Gambian-based EM Holding has announced it has signed a Memorandum of Understanding (MoU) with non-bank financial institution Reliance Financial Services to enhance poultry production in Gambia

Evonik facing a supply shortage for ThreAMINO

Evonik facing a supply shortage for Thre…

Following the escalation of COVID-19 outbreak, Evonik’s contract manufacturer had shut-down its production facilities, as production and shipping of the amino acid ThreAMINO are affected

Prev Next