Market Trends of feed probiotics Industry
This section covers the major market trends shaping the Feed Probiotics Market according to our research experts:
Bifidobacteria is the largest Sub Additive
- The global feed additives market has seen a significant increase in the consumption of probiotics. In 2022, probiotics held a market share of 8.3%. This is due to their ability to enhance the growth and production of animals, protect against pathogens, improve bone strength, enhance the immune system, and fight parasitism. The market is expected to grow and register a CAGR of 5.1% during the forecast period.
- Bifidobacteria and lactobacilli are the two major sub-additives consumed globally, together accounting for 63.5% of the global feed probiotics market in 2022. Lactobacilli stimulate the digestive system, fight disease-causing bacteria, and help produce vitamins. Bifidobacteria helps in weight gain and improve animal health.
- Poultry birds were the largest animal type segment in the global feed probiotics market, accounting for 46.8% of the market share by value in 2022. The increased usage of feed probiotics in poultry birds is due to their ability to promote growth performance and overall health.
- The largest consumers of feed probiotics globally are Asia-Pacific and North America. In 2022, the United States held the largest market share, accounting for 70.0% of the North American feed probiotic market. In the Asia-Pacific region, China is the major market for feed probiotics, accounting for 43.9% of the region's feed probiotics market by value. This is due to the high livestock population in the country, with China accounting for 41.0% of the Asia-Pacific's poultry population in 2022.
- Therefore, the use of probiotics in feed additives is expected to grow due to their ability to improve the digestive system, prevent diseases, and increase feed production. This provides an opportunity for manufacturers to expand their offerings.
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Asia-Pacific is the largest Region
- The global feed probiotics market experienced impressive growth in recent years. Probiotics are essential nutrients that help enhance animal growth and development while strengthening immune systems and protecting the animals from diseases. During 2017-2022, the global feed probiotics market grew by 29.7%, representing 8.3% of the overall feed additive market.
- In 2022, Asia-Pacific was the largest market for feed probiotics, with a value of USD 883.2 million due to the region's higher penetration rates and higher commercial cultivation of animals. At the country level, the United States was the largest market for feed probiotics, accounting for almost 18.5% of the global market share, with a value of USD 505.8 million in 2022. The United States occupied a dominant position due to its highly developed production practices and significant commercial animal cultivation.
- China was the second-largest market for feed probiotics, accounting for 14.2% of the global market share in 2022 due to its large animal headcount. However, Japan and the United States are the fastest-growing countries in the world, and they are expected to record a CAGR of 6.2% and 6.0%, respectively, during the forecast period due to the rising demand for feed production and increased usage of feed probiotics as ingredients for piglets and calves.
- The global feed probiotics market is expected to register a CAGR of 5.1% during the forecast period, driven by the growing concerns of rising productivity, increasing global population, and urbanization. The increased consumption of meat and dairy products is also expected to fuel the market's growth.
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