23.08.2016, 17:48
Probiotics in Animal Feed Market by Bacteria, Livestock, Form, Function and Region
OREANDA-NEWS. Probiotics in Animal Feed Market by Bacteria (Lactobacilli, Streptococcus Thermophiles, and Bifidobacteria), Livestock (Cattle, Poultry, Swine, and Aquaculture), Form (Dry and Liquid), Function (Yield, Immunity, and Productivity) and Region - Global Forecast to 2021..., Market Research Report: MarketsandMarkets.
The market for probiotics in animal feed is projected to grow at a CAGR of 7.7% from 2016 to reach a projected value of USD 4.71 Billion by 2021. The market is further driven by factors such as increase in demand for quality animal products and increased focus on animal health to prevent disease outbreaks.
Based on bacteria, the market for probiotics in animal feed is estimated to be led by the lactobacilli segment, followed by bifidobacteria. Lactobacilli are the preferred class of probiotic ingredients for their ability to survive harsh stress conditions, such as freeze drying, food processing (cold, heat, high hydrostatic pressure, among others), and the acidic environment of GI tract (bile salts, acidity, etc.).
Based on livestock, the cattle segment accounted for the largest market share. Globally, the rising demand for animal products such as meat and eggs, and environmental concerns over animal waste pollution are some of the major factors indicating a positive outlook for the feed additives market.
The market for probiotics in animal feed is segmented on the basis of function such as nutrition & gut health, yield, immunity, and productivity. Probiotic additives are mixed with feeds for protecting the animal against all sorts of harmful environmental stresses and to improve immune system, which results into high yield and productivity. Low levels of probiotic additives in animal feed contribute to increased production of animal protein for human consumption.
The market for probiotics in animal feed is segmented on the basis of form such as dry and liquid. The dry segment dominated the market and was valued at USD 2.07 Billion in 2015 and is the fastest growing segment. Dry form has a longer shelf-life as compared to liquid form and which vary according to probiotic strains used to develop the probiotic product.
Asia-Pacific accounted for the largest market share in market for probiotics in animal feed in 2015. Agricultural nature of economies in the Asia-Pacific region demands healthy livestock for farm, thus increasing the demand for probiotics-based animal feed to enhance the immunity and health of livestock is driving the market for probiotics in animal feed in this region.
In North America, the demand for probiotics is driven by the export potential of the U.S. and Canada. The increasing meat consumption and meat prices in Europe are going to boost the demand for probiotics in the region. Moreover, agricultural nature of economies in the Asia-Pacific region demands healthy livestock for farm, thus increasing the demand for probiotics-based animal feed to enhance the immunity and health of livestock. Whereas, stringent international quality standards and regulations for probiotic products pose as a restraint for the market for probiotics in animal feed.
The leading players that dominated the market for probiotics in animal feed include Lallemand, Inc. (Canada), Koninklijke DSM N.V. (Netherlands), Cargill, Inc. (U.S.), Chr. Hansen Holding A/S (Denmark), and E.I. du Pont de Nemours and Company (U.S.). The key players have been exploring the market in new regions by adopting strategies such as acquisitions, new product launches, agreements, and certifications as their preferred strategies.
The market for probiotics in animal feed is projected to grow at a CAGR of 7.7% from 2016 to reach a projected value of USD 4.71 Billion by 2021. The market is further driven by factors such as increase in demand for quality animal products and increased focus on animal health to prevent disease outbreaks.
Based on bacteria, the market for probiotics in animal feed is estimated to be led by the lactobacilli segment, followed by bifidobacteria. Lactobacilli are the preferred class of probiotic ingredients for their ability to survive harsh stress conditions, such as freeze drying, food processing (cold, heat, high hydrostatic pressure, among others), and the acidic environment of GI tract (bile salts, acidity, etc.).
Based on livestock, the cattle segment accounted for the largest market share. Globally, the rising demand for animal products such as meat and eggs, and environmental concerns over animal waste pollution are some of the major factors indicating a positive outlook for the feed additives market.
The market for probiotics in animal feed is segmented on the basis of function such as nutrition & gut health, yield, immunity, and productivity. Probiotic additives are mixed with feeds for protecting the animal against all sorts of harmful environmental stresses and to improve immune system, which results into high yield and productivity. Low levels of probiotic additives in animal feed contribute to increased production of animal protein for human consumption.
The market for probiotics in animal feed is segmented on the basis of form such as dry and liquid. The dry segment dominated the market and was valued at USD 2.07 Billion in 2015 and is the fastest growing segment. Dry form has a longer shelf-life as compared to liquid form and which vary according to probiotic strains used to develop the probiotic product.
Asia-Pacific accounted for the largest market share in market for probiotics in animal feed in 2015. Agricultural nature of economies in the Asia-Pacific region demands healthy livestock for farm, thus increasing the demand for probiotics-based animal feed to enhance the immunity and health of livestock is driving the market for probiotics in animal feed in this region.
In North America, the demand for probiotics is driven by the export potential of the U.S. and Canada. The increasing meat consumption and meat prices in Europe are going to boost the demand for probiotics in the region. Moreover, agricultural nature of economies in the Asia-Pacific region demands healthy livestock for farm, thus increasing the demand for probiotics-based animal feed to enhance the immunity and health of livestock. Whereas, stringent international quality standards and regulations for probiotic products pose as a restraint for the market for probiotics in animal feed.
The leading players that dominated the market for probiotics in animal feed include Lallemand, Inc. (Canada), Koninklijke DSM N.V. (Netherlands), Cargill, Inc. (U.S.), Chr. Hansen Holding A/S (Denmark), and E.I. du Pont de Nemours and Company (U.S.). The key players have been exploring the market in new regions by adopting strategies such as acquisitions, new product launches, agreements, and certifications as their preferred strategies.
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