In its latest 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,” Meticulous Research® delves into the robust growth prospects for the animal feed probiotics market. The report estimates that the market will expand to $6.07 billion by 2029, representing a CAGR of 7.1% from 2022 to 2029. This growth trajectory is attributed to several factors, including escalating consumer demand for animal protein, the shift towards probiotics as alternatives to antibiotics, and the rising production of compound feed.
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Factors Driving Market Expansion: A notable trend fueling growth in this sector is the increasing emphasis on natural growth promoters within animal feed, creating lucrative opportunities for market players. However, the complex regulatory environment surrounding probiotics in animal nutrition may pose challenges to market growth.