Meticulous Research®, a prominent global market research firm, has released a comprehensive report titled “Animal Feed Probiotics Market by Source (Bacteria [Lactobacillus, Bifidobacterium, Streptococcus thermophilus, Bacillus]), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animals), Form (Liquid), and Geography – Global Forecast to 2029.” This publication offers valuable insights into the projected growth and emerging trends in the probiotics in animal feed market.
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Growth Trajectory of Probiotics Market
The probiotics in animal feed market is expected to reach $6.07 billion by 2029, growing at a CAGR of 7.1% from 2022 to 2029. The primary factors driving this growth include the increasing demand for animal protein, a rising preference for probiotics as an alternative to antibiotics, the prevalence of intestinal disorders in livestock, and a growing production of compound feed.
Opportunities Amid Regulatory Hurdles
The industry is experiencing a shift towards natural growth promoters, which is expected to create substantial opportunities for market players. However, complex regulations regarding the use of probiotics in animal feed could pose significant challenges to growth.
Segmentation Insights
The animal feed market is segmented by source (bacteria, yeast), animal type (poultry, ruminants, swine, aquaculture, pets, other animals), and form (liquid, dry). The study evaluates competitors in the industry and analyzes market dynamics at the regional and country levels.