Overview:
Market Research Future (MRFR) launched a detailed report on the probiotics in animal feed market where they declared a chance for the market to attain 7.5% CAGR during the forecast period encompassing 2019 to 2024. The discussed period would also witness a rise in the valuation and it will score past USD 6.5 billion mark by the end of 2024.
Factors like rise in intake of meat products, demand for a better standard of meat, a surge in production rate to meet the global demand, continuous influx of investment, better scope for research and development project, strong demand from the end user industries, and others are supposed to boost the market.
Segmentation:
MRFR’s detailed recording of various proceedings of the market reveals a proper segmentation of the report that includes source, form, and livestock. The collected data from these segments are expected to present a comprehensive overview of the market, which can assist in noting details about strategies.
By source, the global report on the Probiotics in Animal Feed Industry share can be segmented into bacteria and yeast & fungi. The bacteria segment includes Lactobacillus, Bifidobacterium, Streptococcus, and others to facilitate the comprehension process further.
By form, the global report on the probiotics in animal feed market can be segmented into dry and liquid. Both these forms are getting substantial traction.
By livestock, the report on the probiotics in animal feed market encompasses poultry, swine, aquaculture, ruminants, and others. The poultry segment is getting the benefits from the growing demand for meat products.
Regional Analysis:
Asia Pacific is contributing substantially by fetching the highest amount of revenue from the global market of probiotics in animal feed. The region is benefiting from the participation of India and China, where the massive population is creating a huge demand for meat products and, in the process, is easing the inclusion rate of the product in various aquaculture, poultry, and other industries.
North America and Europe are two major regions with a huge demand for meat products. This will significantly boost the global market for probiotics in animal feed. Various research projects are expected to launch new products, which will boost the intake and ensure a strong rise in the market.
Competitive Landscape:
The global market for probiotics in animal feed premix is getting favorable traction due to the constant evolution in strategic moves launched by companies like Kerry Group (Ireland), Chr. Hansen Holding A/S (Denmark), Novozymes (Denmark), Bluestar Adisseo Co., Ltd. (China), Land O'Lakes, Inc. (US), Pure Cultures (US), Schouw & Co. (Denmark), DuPont de Nemours, Inc. (US), Novus International, Inc. (US), Koninklijke DSM N.V. (Netherlands), Evonik Industries AG (Germany), Unique Biotech (India), Lallemand Inc. (Canada), Lesaffre (France), Alltech (US), and others. Their methods often span across mergers, joint ventures, collaborations, better & improved research work, hike in investment, innovation, branding & marketing strategies, expansion moves, and others. MRFR mentioned the latest changes to assist in the proper understanding of various market proceedings and the development of further tactical moves.
Access Report Details @ https://www.marketresearchfuture.com/reports/probiotics-animal-feed-market-8127
Industry News:
In March 2020, researchers from Brazil revealed that probiotics in poultry feed are contributing significantly to the conversion rate. Birds who were given probiotics are showing responses that are favorable. For instance, the chances of myopathies are much lesser in birds receiving probiotics than in birds receiving traditional methods. Also, these birds are a lot calmer during the well-being check-up and are showing high carcass yield than normal birds. These benefits are surely going to go well with poultry owners, and this would trigger better market acceptance.
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