Poultry Probiotics Market: A Comprehensive Study of the Industry
Global Poultry Probiotics Market size is expected to grow from USD 94.21 Billion in 2022 to USD 163.08 Billion by 2030, at a CAGR of 7.1% during the forecast period (2023-2030).
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Probiotics are microorganisms that have health benefits when consumed in proper amounts and also help livestock's immune system. The feed probiotics industry is increasing as customers become more aware of animal health issues, as well as growing demand for high-quality animal Applications. Animals who consume probiotics reap a variety of benefits, including immune support digestive and immune systems of the animal and also considerable dependence of animals on antibiotics. Rising consumption of animal applications including meat, chicken, eggs, and beef has raised regulatory scrutiny, and antibiotic-fed farm animals are now being rejected. Leading companies are successfully penetrating probiotic-based livestock feeds in the antibiotic-led market by taking use of regulatory frameworks.
Top Key Players Covered in The Global Poultry Probiotics Market
Chr. Hansen, DuPont, Kemin, DSM, Adisseo, ASAHI GROUP HOLDING Ltd., Evonik Industries, Land O'Lakes Inc., Kerry Inc., Novus International, Novozymes, Vit-E-Men Company, Lesaffre, Lallemand Inc., Alltech, Unique Biotech, Suguna Foods Private Limited., Provita Eurotech, Protexin,and other major players.
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At the core of our study is an in-depth analysis of the Poultry Probiotics Market ecosystem, where we thoroughly examine the functions and interdependencies of various market stakeholders. Through our expert utilization of trusted methodologies, including SWOT Analysis, Porter's Five Forces Analysis, and Price Trend Analysis, we offer a comprehensive understanding of both the regulatory landscape and the prevailing trends shaping the industry.
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Segmentation:
By Type
· Lactobacillus Bulgaricus
· Streptococcus Thermophilus
· Enterococcus Faecium
· Lactobacillus Acidophilus
· Lactobacillus Casei
· Other
By Application
· Broilers
· Layers
· Turkeys
· Breeders
· Chicks & Poults
Driver:
In recent years, the livestock industry has been under increasing pressure to meet the rising demand for meat and high-value animal protein. Global livestock consumption has increased due to population growth, rising incomes in developing countries, and urbanization. Milk, meat, and egg consumption increased at the expense of staple foods, indicating a direct link between revenue and animal protein intake. Rising life expectancy, limited land and water resources for animal feed production, and strong demand for animal-based protein sources are driving the market for feed probiotics. Furthermore, In the poultry business, consumer desire for animal-based products will drive increasing demand for probiotics components.
Opportunities:
Growing animal health issues and the rising popularity of meat and meat-related products will open up new opportunities for the poultry probiotics ingredients market during the forecast period. Rapid technological advancements, rising investments in R&D for developing new ingredient formulations, and rising demand for cost-effective ingredients that provide better quality products as well as nutrition are also expected to drive the global poultry probiotic ingredients market.
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By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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