Probiotics have emerged as a promising alternative to antibiotics in animal feed for promoting animal health, improving growth performance, and reducing the risk of diseases. This article provides a global market analysis of the benefits of probiotics in animal feed.
Market Overview:
The global probiotics in animal feed market is expected to grow at a CAGR of 7.4% during the forecast period, 2021-2026, according to a report by Mordor Intelligence. The market was valued at USD 4.16 billion in 2020 and is projected to reach USD 6.04 billion by 2026.
The increasing demand for protein-rich animal products, the ban on the use of antibiotics in animal feed, and the growing awareness of the benefits of probiotics in animal nutrition are driving the growth of the probiotics in animal feed market.
North America is the largest market for probiotics in animal feed, followed by Europe and the Asia-Pacific region. The Asia-Pacific region is expected to be the fastest-growing market for probiotics in animal feed during the forecast period, driven by the increasing demand for animal products and the ban on antibiotics in animal production in many countries.
Benefits of Probiotics in Animal Feed:
- Improved Gut Health: Probiotics promote the growth of beneficial bacteria in the gut, improving gut health and reducing the risk of gut-related diseases such as diarrhea and colitis.
- Enhanced Immunity: Probiotics have been shown to enhance the immune system of animals, reducing the risk of infections and diseases.
- Better Growth Performance: Probiotics improve nutrient absorption in animals, leading to better growth performance and higher productivity.
- Reduced Use of Antibiotics: The use of probiotics in animal feed can reduce the need for antibiotics, reducing the risk of antibiotic resistance in animals and humans.
Key Players in the Market:
The key players in the probiotics in animal feed market include Chr. Hansen Holding A/S, Koninklijke DSM N.V., Novozymes A/S, Lallemand Inc., Lesaffre Group, and Adisseo France SAS.
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