The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Bacteria feed probiotics. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Bacteria feed probiotics Market across various industries and regions.
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The global animal feed probiotics market is slated to expand at a CAGR of close to 7% over the next ten years, owing to growing demand for meat and related products, increasing popularity of companion animals, and advancements in molecular biology and gene sequencing. Most of the demand for will come from APEJ, Europe, and North America. Sales of liquid probiotics in animal feed will amount the around 55% of overall global market share.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Bacteria feed probiotics market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Bacteria feed probiotics
This newly published and insightful report sheds light on Market Insights of Bacteria feed probiotics, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Bacteria feed probiotics Market.
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.
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Key Market Segments Covered
- Bacteria-based Animal Feed Probiotics
- Non-bacteria-based Animal Feed Probiotics
- Bacteria-based Animal Feed Probiotics
- Animal Feed Probiotics for Companion Animals
- Animal Feed Probiotics for Livestock
- Other Animals
- Liquid Animal Feed Probiotics
- Dry Animal Feed Probiotics
- Sales Channel
- Animal Feed Probiotics Sold through Modern Trade
- Animal Feed Probiotics Sold at Specialty Stores
- Animal Feed Probiotics Sold by Online Retailers
- Animal Feed Probiotics Sold at Convenience Stores
- Animal Feed Probiotics Sold through Direct Sales
- North America
- Latin America
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Key Takeaways from Market Study
- The global animal feed probiotics market is anticipated to add 2X value by 2031 as compared to 2021.
- Lactobacillus bacteria captures a governing share of the market, and is set to create over a billion dollar opportunity over the long-term forecast period.
- Companion animals is the fastest growing segment and will acquire nearly one-sixth market share by 2031.
- APEJ is set to dominate market revenue in 2021, and is expected to gain 327 BPS in its market share by 2031.
- Modern trade is anticipated to lose around 272 BPS over the forecast period of 2021-2031.
- China, India, Germany, and the United States of America are key countries dominating demand for animal feed probiotic products.
“Demand for animal feed probiotics is set to grow in accordance with regional policies and livestock animal industry tunes,”says a Fact.MR analyst.
Fragmented High Potential Market: Competition Tuning Factor
Key manufacturers of animal feed probiotics are Adisseo France SAS, Calpis Co., Ltd., Chr. Hansen Holding A/S, DuPont Company, Evonik Industries AG, Nestle SA, Novus International, Inc., Koninklijke DSM N.V., Lallemand Inc., Alltech, Inc., Lesaffre et Compagnie SA, Kerry Group plc, and Pure Cultures LLC. The market is fragmented in nature, and most of the big players are positioned in Asia Pacific and Europe.
Growing demand for animal feed probiotics has allowed the market valuation to grow rapidly in the past half-decade. Despite market fragmentation, higher potential of the product will attract new players into the market over the coming years.
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- Market Analysis of Bacteria feed probiotics
- Market Insights of Bacteria feed probiotics
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- Restraints Shaping Market Growth
- Market Survey of Bacteria feed probiotics
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