出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
動物飼料用プロバイオティクス市場 : 家畜（家禽、豚、反芻動物、水産養殖、ペット）、供給源（細菌、酵母、真菌）、形態（乾燥、液体）、機能（定性）（栄養、腸の健康、免疫、生産性）、地域別 – 2028年までの世界予測
Probiotics in Animal Feed Market by Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets), Source (Bacteria, Yeast, Fungi), Form (Dry, Liquid), Function (Qualitative) (Nutrition, Gut Health, Immunity, Productivity) & Region – Global Forecast to 2028
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According to MarketsandMarkets, the probiotics in animal feed market is projected to reach USD 7.1 billion by 2028 from USD 4.6 billion by 2023, at a CAGR of 9.1% during the forecast period in terms of value. The probiotics in animal feed market comprises of both dry and liquid form; although dry form hold a larger market share, liquid probiotics for animal feed is driven by factors such as enhanced probiotic strains viability and feed texture.
The demand for dry form of probiotics in animal feed is mainly due to factors such as cost-effectiveness, longer shelf lives, and convenient packaging. The major constraints and challenges are the non-standardized international quality regulations for probiotics in animal feed products, high costs associated with R&D for development of new probiotic strains, high popularity of other feed additives which, in turn, hinders the growth of probiotics in animal feed market.
“By livestock, poultry is projected in high demand during the forecast period.”
The growing concern among poultry breeders regarding the ban on antibiotic growth promoters has proven to be an opportunity for the application of probiotics in animal feed. It aids in the development of antibiotic resistance. Rising awareness among consumers about the benefits associated with the consumption of meat and dairy products has also given rise to their concern about the quality of the meat they consume.
The industrialization of the animal industry is one of the reasons for the increasing demand for probiotics in animal feed specially in poultry owing to its high demand worldwide. Probiotics help improve the efficiency of feed and enhance the feed intake among poultry. Supplementing the diet of broilers with probiotics has resulted in improved feed conversion rates and an increase in weight. It also helps in reducing the mortality rate of broilers. Thus, the rapid demand and growth in poultry meat is expected to drive the market.
“By form, the dry format is expected to dominate the market for probiotics in animal feed”
Animal feed contains concentrates and roughage. Roughages are feed that are high in fiber. They are thus mostly in dry form. High fiber present in dry form of probiotics helps promote better digestive health in animals. Fiber acts as a prebiotic, providing a food source for beneficial gut bacteria. This supports the growth and activity of probiotics, leading to improved digestion, nutrient absorption, and overall gut health. Fiber-rich dry form probiotics aid in the breakdown of complex carbohydrates, allowing animals to extract more nutrients from their feed. This improved nutrient utilization results in better feed efficiency and potentially reduced feed costs for farmers. Freeze-drying and spray-drying methods are utilized for the preparation of the dry form of probiotic microorganisms.
Moreover, general benefits of feed ingredients, including probiotics in dry or powdered forms, include extended shelf life, convenient packaging, ease of use, and ability to blend with other components. These factors together would bolster the growth of the dry segment.
Asia Pacific will significantly contribute towards market growth during the forecast period
Geographically, the region is segmented as China, India, Japan, Australia, and New Zealand along with Rest of Asia-Pacific. The probiotics in animal feed market in Asia-Pacific is growing primarily due to factors such as growth in population, rapid urbanization in the Asia Pacific region, rise in disposable incomes, and an increase in demand for quality meat products have encouraged the demand for quality feed additives.
Substantial growth is witnessed in India, China, and Japan owing to the rise in the purchasing power of the population and demand for protein-rich meat diets. Poultry and pork are widely consumed in the Asia Pacific region. The region is heterogeneous, with diversity in income levels, technology, and demands of the end consumers to provide better-quality feed to livestock, leading to enhanced scope for future growth. Japan, South Korea, and Malaysia are mature and stable markets and use modern techniques to produce probiotics The continuous modernization of animal production in this region provides opportunities for probiotic manufacturers in the animal feed industry. The Asia Pacific market presents immense opportunities for animal feed probiotic products owing to the rising concerns among the governments about the health and productivity of farm animals. These factors are expected to drive demand for probiotics in animal feed.
Break-up of Primaries:
By Company Type: Tier1-40%, Tier 2-32%, Tier 3- 28%
By Designation: C-level-45%, D-level – 33%, and Others- 22%
By Region: North America – 15%, Europe – 20%, South America-12%, Asia Pacific – 40%,
RoW – 13%,
Others include sales managers, territory managers, and product managers.
Leading players profiled in this report:
• ADM (US)
• International Flavors & Fragrances Inc. (US)
• CHR. HANSEN HOLDING A/S (Denmark)
• Evonik Industries AG (Germany)
• Land O’Lakes (US)
• DSM (Netherlands)
• Ohly (Germany)
• Novozymes (Denmark)
• Alltech (US)
• Kemin Industries, Inc. (US)
• Provita Animal Health (UK)
• Orffa (Netherlands)
• Lesaffre (France)
• Lallemand Inc. (Canada)
• Advance Aqua Bio Technologies India Private Limited (India)
• SANZYME BIOLOGICS PVT. LTD. (India)
• AgriHealth (Ireland)
• Arm & Hammer Animal and Food Production (US)
• Unique Biotech (India)
• Planet biotech India (India)
• Indogulf Company (India)
• Pellucid Lifesciences Pvt. Ltd. (India)
• Pure Cultures (US)
• BL BIO LAB, LLC (US)
• VIRBAC (France)
The study includes an in-depth competitive analysis of these key players in the probiotics in animal feed market with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the probiotics in animal feed market on the basis of Source, Livestock, Form, Function (qualitative), Distribution Channel (Qualitative), and Region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global probiotics in animal feed market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall probiotics in animal feed market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Increased demand for animal protein and other livestock products), restraints (non-standardized international quality regulations for probiotics in animal feed products), opportunity (Abolition of Antibiotic Growth Promoters (AGPs)), and challenges (High popularity of other feed additives) influencing the growth of the probiotics in animal feed market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the probiotics in animal feed market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the probiotics in animal feed market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the probiotics in animal feed market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players ADM (US), Chr. Hansen Holding A/S (Denmark), Evonik Industries AG (Germany), Land O’Lakes Inc. (US), DSM (US), and Novozymes (Denmark) are among others in the probiotics in animal feed market strategies. The report also helps stakeholders understand the probiotics and feed additives market and provides them information on key market drivers, restraints, challenges, and opportunities.
目次
1 INTRODUCTION 37
1.1 STUDY OBJECTIVES 37
1.2 MARKET DEFINITION 37
1.3 STUDY SCOPE 38
FIGURE 1 MARKET SEGMENTATION 38
1.3.1 INCLUSIONS AND EXCLUSIONS 38
1.4 REGIONS COVERED 39
1.5 YEARS CONSIDERED 40
1.6 UNITS CONSIDERED 40
1.6.1 CURRENCY (VALUE UNIT) 40
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 41
1.6.2 VOLUME UNIT 41
1.7 STAKEHOLDERS 41
1.8 SUMMARY OF CHANGES 42
1.9 RECESSION IMPACT ANALYSIS 42
2 RESEARCH METHODOLOGY 43
2.1 RESEARCH DATA 43
FIGURE 2 PROBIOTICS IN ANIMAL FEED MARKET: RESEARCH DESIGN 43
2.1.1 SECONDARY DATA 44
2.1.1.1 Key data from secondary sources 44
2.1.2 PRIMARY DATA 44
2.1.2.1 Key industry insights 45
2.1.2.2 Breakdown of primary interviews 46
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 46
2.2 MARKET SIZE ESTIMATION 46
2.2.1 TOP-DOWN APPROACH 47
FIGURE 4 MARKET SIZE ESTIMATION – IDENTIFICATION OF TOP SUPPLIERS 47
FIGURE 5 PROBIOTICS IN ANIMAL FEED MARKET: SUPPLY SIDE CALCULATION 48
2.2.2 BOTTOM-UP APPROACH 48
FIGURE 6 MARKET SIZE ESTIMATION – REVENUE FROM SUPPLIERS 49
2.3 DATA TRIANGULATION 49
FIGURE 7 DATA TRIANGULATION 50
2.4 RECESSION IMPACT ON PROBIOTICS IN ANIMAL FEED MARKET 50
2.4.1 MACRO INDICATORS OF RECESSION 50
FIGURE 8 INDICATORS OF RECESSION 51
FIGURE 9 GLOBAL INFLATION RATE, 2011–2021 51
FIGURE 10 GLOBAL GDP, 2011–2021 (USD TRILLION) 52
FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON PROBIOTICS IN ANIMAL FEED MARKET 53
FIGURE 12 PROBIOTICS IN ANIMAL FEED MARKET: EARLIER FORECAST VS RECESSION FORECAST 54
2.5 RESEARCH ASSUMPTIONS 55
2.6 RESEARCH LIMITATIONS AND ASSOCIATED RISKS 55
3 EXECUTIVE SUMMARY 56
TABLE 2 PROBIOTICS IN ANIMAL FEED MARKET SNAPSHOT, 2022 VS. 2028 57
FIGURE 13 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 57
FIGURE 14 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION) 58
FIGURE 15 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 58
FIGURE 16 PROBIOTICS IN ANIMAL FEED MARKET SHARE, BY REGION, 2022 (VALUE) 59
4 PREMIUM INSIGHTS 60
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET 60
FIGURE 17 RISE AWARENESS REGARDING ANIMAL HEALTH TO DRIVE PROBIOTICS IN ANIMAL FEED MARKET 60
4.2 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE AND COUNTRY 60
FIGURE 18 BACTERIA SEGMENT AND CHINA ACCOUNTED FOR SIGNIFICANT SHARE IN 2022 60
4.3 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM 61
FIGURE 19 DRY SEGMENT TO LEAD MARKET BY 2028 61
4.4 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK 61
FIGURE 20 POULTRY SEGMENT TO DOMINATE MARKET BY 2028 61
4.5 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE 62
FIGURE 21 BACTERIA SEGMENT TO DOMINATE MARKET BY 2028 62
5 MARKET OVERVIEW 63
5.1 INTRODUCTION 63
5.2 MACROECONOMIC INDICATORS 63
5.2.1 RISE IN PRODUCTION OF COMPOUND FEED 63
FIGURE 22 COMPOUND FEED PRODUCTION, 2012–2022 (MILLION METRIC TONNES) 64
5.2.2 GROWTH OPPORTUNITIES IN EMERGING ECONOMIES 64
FIGURE 23 GROSS DOMESTIC PRODUCT GROWTH RATE IN ASIAN COUNTRIES, 2020–2021 65
5.3 MARKET DYNAMICS 65
FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PROBIOTICS IN ANIMAL FEED MARKET 65
5.3.1 DRIVERS 66
5.3.1.1 Increased demand for animal protein and other livestock products 66
TABLE 3 PER CAPITA CONSUMPTION OF LIVESTOCK PRODUCTS 66
5.3.1.2 Pressure on feed productivity and feed conversion rate 67
5.3.1.3 Greater prevalence of disease outbreaks 67
5.3.2 RESTRAINTS 67
5.3.2.1 Non-standardized international quality regulations 67
5.3.3 OPPORTUNITIES 68
5.3.3.1 Abolition of antibiotic growth promoters (AGPs) 68
5.3.3.2 Innovations and technological advancements in feed industry 69
5.3.4 CHALLENGES 69
5.3.4.1 High R&D costs for developing new probiotic strains 69
5.3.4.2 High popularity of other feed additives 70
6 INDUSTRY TRENDS 71
6.1 INTRODUCTION 71
6.2 VALUE CHAIN ANALYSIS 71
6.2.1 RESEARCH & PRODUCT DEVELOPMENT 71
6.2.2 RAW MATERIAL SOURCING 71
6.2.3 PRODUCTION & PROCESSING 72
6.2.4 DISTRIBUTION 72
6.2.5 MARKETING & SALES 72
FIGURE 25 VALUE CHAIN ANALYSIS OF PROBIOTICS IN ANIMAL FEED MARKET 72
6.3 TECHNOLOGY ANALYSIS 73
6.3.1 BACTERIOPHAGES AS NEW SOURCE OF PROBIOTICS 73
6.3.2 PROBIOTICS IN FORM OF EFFERVESCENT TABLETS 73
6.4 PRICING ANALYSIS: PROBIOTICS IN ANIMAL FEED MARKET 73
6.4.1 AVERAGE SELLING PRICE, BY SOURCE 73
FIGURE 26 AVERAGE SELLING PRICES, BY SOURCE, 2020–2022 (USD/TON) 74
TABLE 4 PROBIOTICS IN ANIMAL FEED MARKET: AVERAGE SELLING PRICE, BY SOURCE, 2020–2022 (USD/TON) 74
TABLE 5 BACTERIA-BASED PROBIOTICS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON) 74
TABLE 6 YEAST/FUNGI-BASED PROBIOTICS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON) 75
6.5 ECOSYSTEM/MARKET MAP 75
6.5.1 DEMAND SIDE 75
6.5.2 SUPPLY SIDE 75
FIGURE 27 PROBIOTICS IN ANIMAL FEED MARKET MAP 76
TABLE 7 PROBIOTICS IN ANIMAL FEED MARKET: SUPPLY CHAIN (ECOSYSTEM) 76
FIGURE 28 PROBIOTICS IN ANIMAL FEED: ECOSYSTEM 78
6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 78
FIGURE 29 REVENUE SHIFT FOR PROBIOTICS IN ANIMAL FEED MARKET 79
6.7 PATENT ANALYSIS 79
FIGURE 30 NUMBER OF PATENTS GRANTED BETWEEN 2013 AND 2022 79
FIGURE 31 TOP TEN INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 80
FIGURE 32 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 80
TABLE 8 PATENTS PERTAINING TO PROBIOTICS IN ANIMAL FEED, 2021–2023 81
6.8 TRADE ANALYSIS 81
TABLE 9 TOP TEN IMPORTERS AND EXPORTERS OF LACTOBACILLUS, 2021 (KG) 81
6.9 KEY CONFERENCES AND EVENTS 82
TABLE 10 KEY CONFERENCES AND EVENTS, 2023–2024 82
6.10 TARIFFS AND REGULATORY LANDSCAPE 83
6.10.1 NORTH AMERICA 84
6.10.1.1 US 84
6.10.1.2 Canada 85
6.10.2 EUROPEAN UNION 85
6.10.3 ASIA PACIFIC 86
6.10.3.1 China 86
6.10.3.2 Japan 86
6.10.3.3 India 86
6.10.4 SOUTH AMERICA 87
6.10.4.1 Brazil 87
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
6.11 PORTER’S FIVE FORCES ANALYSIS 89
TABLE 14 PROBIOTICS IN ANIMAL FEED MARKET: PORTER’S FIVE FORCES ANALYSIS 89
6.11.1 INTENSITY OF COMPETITIVE RIVALRY 89
6.11.2 BARGAINING POWER OF SUPPLIERS 90
6.11.3 BARGAINING POWER OF BUYERS 90
6.11.4 THREAT OF SUBSTITUTES 90
6.11.5 THREAT OF NEW ENTRANTS 90
6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 91
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 91
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES 91
TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES OF PROBIOTICS IN ANIMAL FEED 91
6.12.2 BUYING CRITERIA 92
TABLE 16 PROBIOTICS IN ANIMAL FEED MARKET: KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 92
FIGURE 34 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 92
6.13 CASE STUDIES 93
6.13.1 ACQUISITION OF PROBIOTICS INTERNATIONAL LIMITED HELPED ADM EXPAND ITS OFFERINGS 93
6.13.2 LAUNCH OF ECOBIL FIZZ FOR CHICKENS HELPED EVONIK INDUSTRIES AG BROADEN POULTRY PRODUCT PORTFOLIO 93
7 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE 94
7.1 INTRODUCTION 95
TABLE 17 PROBIOTICS COMMONLY USED IN ANIMAL FEED 95
FIGURE 35 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 96
TABLE 18 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 97
TABLE 19 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 97
TABLE 20 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 97
TABLE 21 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 97
7.2 BACTERIA 98
7.2.1 HIGH COMMERCIALIZATION AND BETTER BILE RESISTANCE AS COMPARED TO YEAST 98
TABLE 22 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 98
TABLE 23 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 99
TABLE 24 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (KT) 99
TABLE 25 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (KT) 99
TABLE 26 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2019–2022 (USD MILLION) 100
TABLE 27 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2023–2028 (USD MILLION) 100
7.2.2 LACTOBACILLI 100
7.2.3 BIFIDOBACTERIUM 101
7.2.4 STREPTOCOCCUS THERMOPHILUS 101
7.3 YEAST & FUNGI 102
7.3.1 HIGH RATE OF PRODUCT INNOVATIONS AND ONGOING RESEARCH 102
TABLE 28 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 102
TABLE 29 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 103
TABLE 30 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (KT) 103
TABLE 31 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (KT) 103
TABLE 32 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2019–2022 (USD MILLION) 104
TABLE 33 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2023–2028 (USD MILLION) 104
7.3.2 SACCHAROMYCES CEREVISIAE 104
7.3.3 SACCHAROMYCES BOULARDII 104
7.3.4 OTHER YEAST & FUNGI SOURCES 105
8 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK 106
8.1 INTRODUCTION 107
TABLE 34 BENEFITS ASSOCIATED WITH ADMINISTRATION OF PROBIOTICS IN ANIMAL FEED 107
FIGURE 36 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION) 108
TABLE 35 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 108
TABLE 36 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 109
8.2 POULTRY 109
8.2.1 RAPID DEMAND AND GROWTH OF POULTRY MEAT 109
TABLE 37 BACTERIAL STRAINS USED IN MANUFACTURE OF PROBIOTICS FOR POULTRY 110
TABLE 38 POULTRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 110
TABLE 39 POULTRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 110
8.3 SWINE 111
8.3.1 HIGH PORK CONSUMPTION IN ASIAN COUNTRIES 111
TABLE 40 PROBIOTIC MICROORGANISMS COMMONLY USED IN SWINE FEED 111
TABLE 41 SWINE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 112
TABLE 42 SWINE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 112
8.4 RUMINANTS 112
8.4.1 HIGH PER CAPITA CONSUMPTION OF BEEF AND GLOBAL RISE IN DEMAND FOR DAIRY PRODUCTS 112
TABLE 43 RUMINANTS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 44 RUMINANTS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 113
8.5 AQUACULTURE 114
8.5.1 SUBSTANTIAL RISE IN GLOBAL AQUACULTURE FEED TONNAGE 114
TABLE 45 APPLICATION OF PROBIOTICS IN AQUACULTURE 114
TABLE 46 AQUACULTURE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 115
TABLE 47 AQUACULTURE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 116
8.6 PETS 116
8.6.1 SURGE IN PET OWNERSHIP IN NORTH AMERICA AND EUROPE 116
TABLE 48 PETS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 116
TABLE 49 PETS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 117
8.7 OTHER LIVESTOCK 117
TABLE 50 OTHER LIVESTOCK: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 51 OTHER LIVESTOCK: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 118
9 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM 119
9.1 INTRODUCTION 120
FIGURE 37 DRY FORM TO DOMINATE MARKET DURING FORECAST YEAR (USD MILLION) 120
TABLE 52 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 120
TABLE 53 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 121
9.2 DRY 121
9.2.1 BETTER FEED EFFICIENCY AND COST OPTIMIZATION 121
TABLE 54 DRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 121
TABLE 55 DRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 122
9.3 LIQUID 122
9.3.1 ENHANCED PROBIOTIC STRAINS VIABILITY AND FEED TEXTURE UNIFORMITY 122
TABLE 56 LIQUID: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 57 LIQUID: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 123
10 PROBIOTICS IN ANIMAL FEED MARKET, BY FUNCTION 124
10.1 INTRODUCTION 124
10.2 NUTRITION 124
10.3 GUT HEALTH 125
10.4 YIELD 125
10.5 IMMUNITY 125
10.6 PRODUCTIVITY 126
11 PROBIOTICS IN ANIMAL FEED MARKET, BY DISTRIBUTION CHANNEL 128
11.1 INTRODUCTION 128
11.2 DIRECT SALES TO DISTRIBUTORS 128
11.3 DIRECT SALES TO LIVESTOCK GROWERS AND FEED INTEGRATORS 129
11.4 OTHER DISTRIBUTION CHANNELS 129
12 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION 130
12.1 INTRODUCTION 131
FIGURE 38 PROBIOTICS IN ANIMAL FEED MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 131
TABLE 58 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 132
TABLE 59 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 132
TABLE 60 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (KT) 132
TABLE 61 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (KT) 133
12.2 NORTH AMERICA 133
12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 133
FIGURE 39 NORTH AMERICA: INFLATION RATE, BY KEY COUNTRY, 2018–2021 134
FIGURE 40 NORTH AMERICA: RECESSION IMPACT ANALYSIS 134
FIGURE 41 NORTH AMERICA: MARKET SNAPSHOT 135
TABLE 62 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 135
TABLE 63 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 136
TABLE 64 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 136
TABLE 65 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 136
TABLE 66 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 136
TABLE 67 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 137
TABLE 68 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 137
TABLE 69 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 137
TABLE 70 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 138
TABLE 71 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 138
12.2.2 US 138
12.2.2.1 High demand for animal-based protein and rise in pet ownership 138
TABLE 72 US: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 139
TABLE 73 US: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 139
TABLE 74 US: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 139
TABLE 75 US: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 139
12.2.3 CANADA 139
12.2.3.1 Modernization of dairy industry and rise in layer feed production 139
TABLE 76 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 140
TABLE 77 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 140
TABLE 78 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 140
TABLE 79 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 140
12.2.4 MEXICO 141
12.2.4.1 Strengthening feed industry, surging meat exports, and high demand for poultry products 141
TABLE 80 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 141
TABLE 81 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 141
TABLE 82 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 141
TABLE 83 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 142
12.3 EUROPE 142
12.3.1 EUROPE: RECESSION IMPACT ANALYSIS 142
FIGURE 42 EUROPE: INFLATION RATE, BY KEY COUNTRY, 2018–2021 143
FIGURE 43 EUROPE: RECESSION IMPACT ANALYSIS 143
TABLE 84 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 144
TABLE 85 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 144
TABLE 86 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 144
TABLE 87 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 145
TABLE 88 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 145
TABLE 89 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 145
TABLE 90 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 145
TABLE 91 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 146
TABLE 92 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 146
TABLE 93 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 146
12.3.2 GERMANY 147
12.3.2.1 Higher meat production in commercial slaughterhouses 147
TABLE 94 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 147
TABLE 95 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 147
TABLE 96 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 147
TABLE 97 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 148
12.3.3 UK 148
12.3.3.1 Increased health awareness and consumption of dairy products 148
TABLE 98 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 148
TABLE 99 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 148
TABLE 100 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 149
TABLE 101 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 149
12.3.4 FRANCE 149
12.3.4.1 High compound feed production and strong regulations 149
TABLE 102 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 150
TABLE 103 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 150
TABLE 104 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 150
TABLE 105 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 150
12.3.5 ITALY 151
12.3.5.1 Growth of pet food premium products and high animal feed consumption 151
TABLE 106 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 151
TABLE 107 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 151
TABLE 108 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 151
TABLE 109 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 152
12.3.6 SPAIN 152
12.3.6.1 Greater demand for meat and dairy products 152
TABLE 110 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 152
TABLE 111 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 152
TABLE 112 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 153
TABLE 113 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 153
12.3.7 RUSSIA 153
12.3.7.1 Robust feed industry coupled with rise in demand for poultry and dairy products 153
TABLE 114 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 153
TABLE 115 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 154
TABLE 116 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 154
TABLE 117 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 154
12.3.8 REST OF EUROPE 154
TABLE 118 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 155
TABLE 119 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 155
TABLE 120 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 155
TABLE 121 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 155
12.4 ASIA PACIFIC 156
12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 156
FIGURE 44 ASIA PACIFIC: INFLATION RATE, BY KEY COUNTRY, 2018–2021 156
FIGURE 45 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 157
FIGURE 46 ASIA PACIFIC: MARKET SNAPSHOT 158
TABLE 122 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION) 159
TABLE 123 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION) 159
TABLE 124 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 159
TABLE 125 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 160
TABLE 126 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 160
TABLE 127 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 160
TABLE 128 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 160
TABLE 129 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 161
TABLE 130 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 161
TABLE 131 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 161
12.4.2 CHINA 162
12.4.2.1 Rapid urbanization and rising demand for livestock 162
TABLE 132 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 162
TABLE 133 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 162
TABLE 134 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 163
TABLE 135 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 163
12.4.3 INDIA 163
12.4.3.1 Large cattle population and demand for feed additives 163
TABLE 136 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 164
TABLE 137 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 164
TABLE 138 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 164
TABLE 139 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 164
12.4.4 JAPAN 165
12.4.4.1 Increase in demand for premium-quality animal products 165
TABLE 140 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 165
TABLE 141 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 165
TABLE 142 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 166
TABLE 143 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 166
12.4.5 AUSTRALIA & NEW ZEALAND 166
12.4.5.1 Growth in demand for organic and free-range products 166
TABLE 144 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 167
TABLE 145 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 167
TABLE 146 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 167
TABLE 147 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 167
12.4.6 REST OF ASIA PACIFIC 168
TABLE 148 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 168
TABLE 149 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 168
TABLE 150 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 168
TABLE 151 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 169
12.5 SOUTH AMERICA 169
12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 169
FIGURE 47 SOUTH AMERICA: INFLATION RATE, BY KEY COUNTRY, 2018–2021 170
FIGURE 48 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 170
TABLE 152 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 171
TABLE 153 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 171
TABLE 154 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 171
TABLE 155 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 171
TABLE 156 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 172
TABLE 157 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 172
TABLE 158 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 172
TABLE 159 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 173
TABLE 160 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 173
TABLE 161 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 173
12.5.2 BRAZIL 174
12.5.2.1 Substantial demand for good quality meat in domestic and international markets 174
TABLE 162 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 174
TABLE 163 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 174
TABLE 164 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 175
TABLE 165 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 175
12.5.3 ARGENTINA 175
12.5.3.1 High per capita beef consumption and thriving livestock industry 175
TABLE 166 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 176
TABLE 167 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 176
TABLE 168 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 176
TABLE 169 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 176
12.5.4 REST OF SOUTH AMERICA 177
TABLE 170 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 177
TABLE 171 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 177
TABLE 172 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 177
TABLE 173 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 178
12.6 REST OF THE WORLD 178
12.6.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS 178
FIGURE 49 REST OF THE WORLD: INFLATION RATE, BY SUBREGION, 2018–2021 179
FIGURE 50 REST OF THE WORLD PROBIOTICS IN ANIMAL FEED MARKET: RECESSION IMPACT ANALYSIS 179
TABLE 174 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 179
TABLE 175 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 180
TABLE 176 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 180
TABLE 177 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 180
TABLE 178 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 180
TABLE 179 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 181
TABLE 180 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 181
TABLE 181 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 181
TABLE 182 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 182
TABLE 183 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 182
12.6.2 AFRICA 182
12.6.2.1 Well-developed livestock industry coupled with growing meat consumption 182
TABLE 184 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 183
TABLE 185 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 183
TABLE 186 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 183
TABLE 187 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 183
12.6.3 MIDDLE EAST 184
12.6.3.1 High consumption of beef to fuel market 184
TABLE 188 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 184
TABLE 189 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 184
TABLE 190 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 184
TABLE 191 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 185
13 COMPETITIVE LANDSCAPE 186
13.1 OVERVIEW 186
13.2 MARKET SHARE ANALYSIS 186
TABLE 192 PROBIOTICS IN ANIMAL FEED MARKET: DEGREE OF COMPETITION (COMPETITIVE) 187
13.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 187
FIGURE 51 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION) 187
13.4 KEY PLAYERS ANNUAL REVENUE VS GROWTH 188
FIGURE 52 ANNUAL REVENUE, 2022 (USD BILLION) VS REVENUE GROWTH, 2020–2022 188
13.5 KEY PLAYERS EBIDTA 188
FIGURE 53 EBIDTA, 2022 (USD BILLION) 188
13.6 KEY PLAYER STRATEGIES 189
TABLE 193 STRATEGIES ADOPTED BY KEY PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET 189
13.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 191
FIGURE 54 GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022 191
13.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 191
13.8.1 STARS 192
13.8.2 EMERGING LEADERS 192
13.8.3 PERVASIVE PLAYERS 192
13.8.4 PARTICIPANTS 192
FIGURE 55 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 193
13.9 PROBIOTICS IN ANIMAL FEED MARKET: PRODUCT FOOTPRINT (KEY PLAYERS) 194
TABLE 194 COMPANY FOOTPRINT, BY SOURCE 194
TABLE 195 COMPANY FOOTPRINT, BY LIVESTOCK 195
TABLE 196 COMPANY FOOTPRINT, BY REGION 196
TABLE 197 OVERALL COMPANY FOOTPRINT 197
13.10 COMPANY EVALUATION QUADRANT (STARTUPS/SMES) 198
13.10.1 PROGRESSIVE COMPANIES 198
13.10.2 STARTING BLOCKS 198
13.10.3 RESPONSIVE COMPANIES 198
13.10.4 DYNAMIC COMPANIES 198
FIGURE 56 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES) 199
13.10.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 200
TABLE 198 PROBIOTICS IN ANIMAL FEED MARKET: DETAILED LIST OF KEY STARTUPS/SMES 200
TABLE 199 PROBIOTICS IN ANIMAL FEED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 201
13.11 COMPETITIVE SCENARIO 202
13.11.1 NEW PRODUCT LAUNCHES 202
TABLE 200 PROBIOTICS IN ANIMAL FEED MARKET: NEW PRODUCT LAUNCHES, 2019–2021 202
13.11.2 DEALS 203
TABLE 201 PROBIOTICS IN ANIMAL FEED MARKET: DEALS, 2018–2021 203
13.11.3 OTHERS 204
TABLE 202 PROBIOTICS IN ANIMAL FEED MARKET: OTHERS, 2019 204
14 COMPANY PROFILES 205
14.1 KEY COMPANIES 205
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1.1 ADM 205
TABLE 203 ADM: BUSINESS OVERVIEW 205
FIGURE 57 ADM: COMPANY SNAPSHOT 206
TABLE 204 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 206
TABLE 205 ADM: DEALS 207
14.1.2 INTERNATIONAL FLAVORS & FRAGRANCES INC. 209
TABLE 206 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW 209
FIGURE 58 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT 210
TABLE 207 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 210
TABLE 208 INTERNATIONAL FLAVORS & FRAGRANCES INC.: NEW PRODUCT LAUNCHES 211
TABLE 209 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS 211
14.1.3 CHR. HANSEN HOLDING A/S 213
TABLE 210 CHR. HANSEN HOLDING A/S: BUSINESS OVERVIEW 213
FIGURE 59 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT 214
TABLE 211 CHR. HANSEN HOLDING A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED 214
TABLE 212 CHR. HANSEN HOLDING A/S: NEW PRODUCT LAUNCHES 215
TABLE 213 CHR. HANSEN HOLDING A/S: DEALS 215
14.1.4 EVONIK INDUSTRIES AG 215
TABLE 214 EVONIK INDUSTRIES AG: BUSINESS OVERVIEW 216
FIGURE 60 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT 217
TABLE 215 EVONIK INDUSTRIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 217
TABLE 216 EVONIK INDUSTRIES AG: NEW PRODUCT LAUNCHES 218
14.1.5 LAND O’LAKES, INC. 218
TABLE 217 LAND O’LAKES, INC.: BUSINESS OVERVIEW 219
FIGURE 61 LAND O’LAKES, INC.: COMPANY SNAPSHOT 219
TABLE 218 LAND O’LAKES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 220
TABLE 219 LAND O’LAKES, INC.: OTHERS 220
14.1.6 DSM 222
TABLE 220 DSM: BUSINESS OVERVIEW 222
FIGURE 62 DSM: COMPANY SNAPSHOT 223
TABLE 221 DSM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223
TABLE 222 DSM: DEALS 224
14.1.7 OHLY 225
TABLE 223 OHLY: BUSINESS OVERVIEW 225
FIGURE 63 OHLY: COMPANY SNAPSHOT 226
TABLE 224 OHLY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
TABLE 225 OHLY: NEW PRODUCT LAUNCHES 227
14.1.8 NOVOZYMES 228
TABLE 226 NOVOZYMES: BUSINESS OVERVIEW 228
FIGURE 64 NOVOZYMES: COMPANY SNAPSHOT 229
TABLE 227 NOVOZYMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 228 NOVOZYMES: DEALS 230
14.1.9 ALLTECH 231
TABLE 229 ALLTECH: BUSINESS OVERVIEW 231
TABLE 230 ALLTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 231
14.1.10 KEMIN INDUSTRIES, INC. 232
TABLE 231 KEMIN INDUSTRIES, INC.: BUSINESS OVERVIEW 232
TABLE 232 KEMIN INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 232
TABLE 233 KEMIN INDUSTRIES, INC.: NEW PRODUCT LAUNCHES 233
14.1.11 PROVITA ANIMAL HEALTH 234
TABLE 234 PROVITA ANIMAL HEALTH: BUSINESS OVERVIEW 234
TABLE 235 PROVITA ANIMAL HEALTH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
14.1.12 ORFFA 236
TABLE 236 ORFFA: BUSINESS OVERVIEW 236
TABLE 237 ORFFA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 236
14.1.13 LESAFFRE 237
TABLE 238 LESAFFRE: BUSINESS OVERVIEW 237
TABLE 239 LESAFFRE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
14.1.14 LALLEMAND INC. 238
TABLE 240 LALLEMAND INC.: BUSINESS OVERVIEW 238
TABLE 241 LALLEMAND INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 238
14.1.15 ADVANCE AQUA BIO TECHNOLOGIES INDIA PRIVATE LIMITED 240
TABLE 242 ADVANCE AQUA BIO TECHNOLOGIES INDIA PRIVATE LIMITED: BUSINESS OVERVIEW 240
TABLE 243 ADVANCE AQUA BIO TECHNOLOGIES INDIA PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
14.1.16 SANZYME BIOLOGICS PVT. LTD. 241
TABLE 244 SANZYME BIOLOGICS PVT. LTD.: BUSINESS OVERVIEW 241
TABLE 245 SANZYME BIOLOGICS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 241
14.1.17 AGRIHEALTH 243
TABLE 246 AGRIHEALTH: BUSINESS OVERVIEW 243
TABLE 247 AGRIHEALTH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 243
14.1.18 ARM & HAMMER ANIMAL AND FOOD PRODUCTION 244
TABLE 248 ARM & HAMMER ANIMAL AND FOOD PRODUCTION: BUSINESS OVERVIEW 244
TABLE 249 ARM & HAMMER ANIMAL AND FOOD PRODUCTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 244
14.1.19 UNIQUE BIOTECH 245
TABLE 250 UNIQUE BIOTECH: BUSINESS OVERVIEW 245
TABLE 251 UNIQUE BIOTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 245
14.1.20 PLANET BIOTECH INDIA 247
TABLE 252 PLANET BIOTECH INDIA: BUSINESS OVERVIEW 247
TABLE 253 PLANET BIOTECH INDIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 247
14.2 OTHER PLAYERS 249
14.2.1 INDOGULF COMPANY 249
TABLE 254 INDOGULF COMPANY: COMPANY OVERVIEW 249
14.2.2 PELLUCID LIFESCIENCES PVT. LTD. 250
TABLE 255 PELLUCID LIFESCIENCES PVT. LTD.: COMPANY OVERVIEW 250
14.2.3 PURE CULTURES 250
TABLE 256 PURE CULTURES: COMPANY OVERVIEW 250
14.2.4 BL BIO LAB, LLC 251
TABLE 257 BL BIO LAB, LLC: COMPANY OVERVIEW 251
14.2.5 VIRBAC 251
TABLE 258 VIRBAC: COMPANY OVERVIEW 251
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 ADJACENT AND RELATED MARKETS 252
15.1 INTRODUCTION 252
TABLE 259 ADJACENT MARKETS 252
15.2 RESEARCH LIMITATIONS 252
15.3 FEED ADDITIVES MARKET 252
15.3.1 MARKET DEFINITION 252
15.3.2 MARKET OVERVIEW 253
TABLE 260 FEED ADDITIVES MARKET, BY TYPE, 2021–2026 (USD MILLION) 253
15.4 PROBIOTICS MARKET 254
15.4.1 MARKET DEFINITION 254
15.4.2 MARKET OVERVIEW 254
TABLE 261 PROBIOTICS MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION) 254
16 APPENDIX 255
16.1 DISCUSSION GUIDE 255
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 260
16.3 CUSTOMIZATION OPTIONS 262
16.4 RELATED REPORTS 263