Probiotics in Animal Feed Market Worth $7.3 Billion by 2026

Аccording to the research report, “Probiotics in Animal Feed Market by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets), Source (Bacteria, Yeast), Form (Dry, Liquid), and Region (North America, Europe, Asia Pacific, South America, & Rest of World) – Global Forecast to 2026”, the global probiotics in animal feed market was valued at USD 4.4 billion in 2020. It is estimated to reach about USD 4.8 billion in 2021 and is projected to grow at a CAGR of 8.8%, to reach USD 7.3 billion by 2026. The growing awareness about meat and dairy products, health concerns related to livestock, and rising industrialization of animal-processed products are the major factors driving the probiotics in animal feed market. With the imposition of regulations by government agencies on the use of antibiotics, the demand for probiotics for animal feed is projected to remain high.

The poultry segment is projected to be the largest revenue contributor in the probiotics in animal feed market during the forecast period.

The poultry segment is accounted to hold the largest share of the probiotics in animal feed market in 2020. Probiotics help improve the efficiency of feed and enhance the feed intake among poultry. Probiotics are particularly important at a relatively young age for poultry as they help in stabilizing the intestinal bacteria, which are usually not present in chickens. These factors are contributing to the growth of probiotics in poultry segment.

Based on livestock, the aquaculture segment is projected to grow at the highest CAGR through 2026, making it a key revenue pocket for probiotics in animal feed market players. Probiotics plays a vital role in maintaining the gastrointestinal microflora of aquatic organisms.

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Tags: Feed, prices, poultry sector