Dublin, July 31, 2023 (GLOBE NEWSWIRE) -- The "Feed Probiotics Market Forecasts to 2029" report has been added to ResearchAndMarkets.com's offering.
The report offers valuable insights into the rapidly growing feed probiotics market. Probiotics, known for their ability to enhance animal growth, strengthen immune systems, and protect against pathogens, have gained significant popularity in the feed additives market. The report highlights key trends and growth drivers for bifidobacteria and lactobacilli, the two major sub-additives that together accounted for a majority share of the global feed probiotics market in 2022.
Key Highlights and Market Trends:
- Bifidobacteria is the Largest Sub Additive: Bifidobacteria holds the largest segment in the feed probiotics market due to its rising demand in meat and seafood production and its ability to reduce the growth of harmful microorganisms in the gastrointestinal tract of animals.
- Asia-Pacific is the Largest Region: The Asia-Pacific region leads in the feed probiotics market, driven by its high poultry population, increased feed production, and strong demand for meat and end-products.
- Bifidobacteria is the Fastest-growing Sub Additive: Bifidobacteria is the fastest-growing segment, primarily due to its high consumption in Asia-Pacific. It helps reduce diseases like campylobacteriosis and promotes weight gain in animals.
- North America is the Fastest-growing Region: North America is the fastest-growing region in the feed probiotics market, attributed to increased feed production, major feed mills in the United States, and high demand for meat products.
- Feed Probiotics Market Trends: The consumption of probiotics, especially bifidobacteria and lactobacilli, has significantly increased in the feed additives market. Probiotics enhance animal growth, improve immune systems, and protect against pathogens, driving their market growth. Poultry birds are the largest consumers of feed probiotics, accounting for 46.8% of the market share by value in 2022. Probiotics are widely used in poultry to promote growth performance and overall health. Asia-Pacific holds the largest share in the feed probiotics market, with China being the major market due to its large livestock population. The increased consumption of meat and dairy products is expected to fuel market growth.
Feed Probiotics Industry Overview:
The Feed Probiotics Market is moderately consolidated, with the top five companies occupying 51.79%. The major players in this market are Adisseo, Cargill Inc., DSM Nutritional Products AG, Evonik Industries AG, and IFF (Danisco Animal Nutrition).
Company Coverage in the report encompasses:
- Adisseo
- Cargill Inc.
- CHR. Hansen A/S
- DSM Nutritional Products AG
- Evonik Industries AG
- IFF(Danisco Animal Nutrition)
- Kemin Industries
- Kerry Group Plc
- Lallemand Inc.
- MIAVIT Stefan Niemeyer GmbH
For more information about this report visit https://www.researchandmarkets.com/r/96qw4k
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