Increased Spending on Animal Welfare to Expand Revenue Pools of Animal Feed Probiotics Players
The global animal feed probiotics market is estimated to grow at a CAGR of over 6% during the forecast period (2020-2030). The market is anticipated to reach a valuation of over US$ 5 Bn. This is on the back of growing focus on sustainability of animal nutrition products in developed as well as developing regions. The global market for animal feed probiotics has experienced a significant transformation, in terms of quality control and demand over the last few years.
Animal feed probiotics are considered important for livestock and are widely used to increase the quality of feed to improve the yield and overall health of cattle. Moreover, the market players are focusing on using combinations of different feed additives to manufacture a whole new feed product.
This is poised to generate more demand among consumers, owing to better and improved productivity. This will again help companies with better profit margins for similar volumes of feeds.
The demand for animal feed has been stable throughout the COVID-19 pandemic. However, shortage of supplies in every region has created market barriers. In April 2020, FEFAC (European Feed Manufacturers' Federation) requested to issue border rules to ease down the feed chain.
Due to present limited supply, the market demand has increased among farmers, benefiting players of the market. Online sales has turned out to play a crucial role to maintain the present animal feed probiotics market demand.
Utilization of Bacteria Heightening for Creation of ‘Green’ Feed
The global demand for bacteria based animal feed probiotics shall expand 2X during the forecast period owing to the variety of animal feed products. It is expected to grow at a CAGR of around 5%. Since the last decade, bacterial feeds have been popular in pet food sector because of its high growth potential.
Developed countries face high demand for bacterial animal feed probiotics owing to the better profit margins due to economies of scale. In North America, animal meat consumption is high.
This is attributed to the growing trend of local food demand, resulting in demand for a notable amount of livestock. In the United States, pet food industries have shown keen interest in bacterial animal feed probiotics due to rising consumer demand.
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Asia Pacific Reigns Supreme Backed By Large Demand from the Poultry Sector
In 2020, the market of animal feed probiotic generated nearly 1/3rd of the global market demand from Asia pacific owing to the variety of livestock and use of animal products. The growth of the Asia-Pacific market is expected to gain traction in the region owing to a large demand from the poultry sector.
The animal feed probiotic market will be impacted for the short duration amid Covid-19. In spite of this impact, the market is expected to recover after the first quarter owing to anticipated bulk purchasing and supply at high volumes.
Key Players Accounting for Over 40% Market Share
Since the last decade, the animal feed probiotics market has been fragmented due to the emergence of local and regional players. This has altered market share of the key players through technological advancements. To retain their market share tier-1 players have started focusing on research and development for the products.
However, tier-2 players are trying to capture market through strategic acquisition and expansion to gain market share. In April 2020, Adiesso with collaboration with Novozymes have been focusing on developing an Alterion technology to visualize germination to prove bacillus-based probiotic product is effective for poultry. In 2018, Adisso acquired Nutriad an additive manufacturer to extend its market and, to enhance its specialty products.
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COVID-19 Market Insights:
The market of animal feed probiotic is facing shortage in supply in many regions due to lack of proper guidance for essential commodities. The market is presently stable in terms of the availability of bulk stock. However, companies are trying to reduce the supply-demand gap to maintain their market share.
Under optimistic situations, the market is anticipated to remain stable under proper regulations on feed chain supply during covid-19. If the situation remains grim, the market is expected to face downfall due to lack of supply. It is, however, expected to recover after the second quarter, owing to the bulk demand for livestock feed.
Amid the Covid-19 crisis, the industry stakeholders in the animal feed value chain (including animal feed probiotics) would try to reduce the distance between food to plate. Therefore several vertical and horizontal integrations in the value chain are likely to happen post pandemic. The feed probiotics industry may also consolidate to ensure common profitability and reduce the chances of market exit.
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Global Animal Feed Probiotics Market: Scope of the Report
The recent global animal feed Probiotics market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities and threats to the expansion of the global animal feed probiotics market. A detailed segmental analysis, based on source, animal, form, sales channel and region has been provided in the report.
Regional analysis in terms of supply chain analysis, business execution and market value analysis provides an in-depth perspective about the future scope of the global animal feed probiotics market. In addition, a separate section on market structure has also been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the animal feed probiotics market.
Animal Feed Probiotics Market: Segmentation
FactMR’s study has done the segmentation of the animal feed probiotics market on the basis of base source, animals, forms, sales channel, and region.
- Non Bacteria
- Companion Animals
- Modern Trade
- Specialty Stores
- Online Stores
- Convenience Stores
- Direct Sales
- North America
- Latin America
- CIS & Russia
Animal Feed Probiotics Market: Report Summary
Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in animal feed probiotics market across the globe.
A comprehensive estimate on animal feed probiotics market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of animal feed probiotics during the forecast period. Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.
Animal Feed Probiotics Market: Analysis on Market Size Evaluation
Predictions of animal feed probiotics market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at the regional and global scale for animal feed probiotics are available in terms of value “US$ Mn” and volume “Tons”. A Y-o-Y growth contrast on prominent animal feed probiotics market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on animal feed probiotics ingredients where animal feed probiotics witness a steady demand.
Animal Feed Probiotics Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on animal feed probiotics market, which delivers projection on the regional markets. These chapters brighten the regional macros (political-economic, and business environment outlook), which are expected to have a significant impact on the growth of animal feed probiotics market during period of forecast.
Country-specific valuation on demand for animal feed probiotics soup has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries. For all regional markets Y-o-Y growth estimates have also been incorporated in the report.
Animal Feed Probiotics Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of animal feed probiotics market, along with the profiles of major companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of animal feed probiotics, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.
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