Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.59 Billion | USD 6.00 Billion | 9.8% | 2023 |
According to the report published by Zion Market Research, the global Probiotic Ingredients Market size was valued at USD 2.59 Billion in 2023 and is predicted to reach USD 6.00 Billion Billion by the end of 2032. The market is expected to grow with a CAGR of 9.8% during the forecast period. The report analyzes the global Probiotic Ingredients Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Labeling Equipment Market industry.
According to the report published by Zion Market Research, the global Poultry Probiotic Ingredients Market size was valued at USD 97.3 Million in 2023 and is predicted to reach USD 167.3 Million by the end of 2032. The market is expected to grow with a CAGR of 6.32% during the forecast period. The report analyzes the global Poultry Probiotic Ingredients Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Poultry Probiotic Ingredients Market industry.
The poultry probiotic ingredients are used as feed additives to enhance the feed efficiency and better execution of developments in ruminants like aquaculture, pigs, and other poultry animals. These ingredients aid the host animal in regulating gastrointestinal flora and maintaining animal health along with the manufacturing of animal products. Poultry probiotic ingredients are digestive enzymes and other nutrients that aid in increasing the performance of animals. These are mostly used for turkeys, layers, breeders, poults, and chicks.
The increasing poultry business coupled with the increasing investments from both the private and public sector is likely to favor the growth of the global poultry probiotic ingredients market during the forecast period. The rising consumption of meat and associated products that incorporate protein is expected to boost the growth of the market significantly. The growing awareness among the farmers regarding animal nutrition and wellness further fuels the demand for poultry probiotic ingredients.
In addition, the surging demand for the processed meat products attributes to the significant spike in the growth of the retail industry that acts as a major growth factor in the global poultry probiotic ingredients market. The emerging government rules and regulations regarding the ban of antibiotics owing to the biocontamination in the gastrointestinal tract of the animal are boosting the market growth. These antibiotics have a harmful impact on meat products thus affecting the health of human beings, which in turn is promoting the growth of the global poultry probiotic ingredients market.
Poultry animals possessed high environmental stress during the post-hatching period, processing, temperature differences, transportation, and many others. Thus probiotic colonization is important for inheriting pathogenic bacterial growth and thereby improving the metabolism and boosting immunoregulatory functions. The increased use of growth promoters due to these reasons is driving the growth of the market vigorously. These ingredients are more in demand as it helps in boosting animal performance without leaving any residue in the end products. It aids in lowering the mortality rate in poultry animals. Moreover, technological advancements aid in developing new formulations for better quality products and hence bolster the market growth vigorously.
The global poultry probiotic ingredients market can be segmented into the source, form, product, application, type and region.
By source, the market can be segmented into bacteria and yeast.
By form, the market can be segmented into dry and liquid.
By product, the market can be segmented into animal nutrition, pharmaceutical and functional food & beverages.
By application, the market can be segmented into bacillus, streptococcus, bifidobacterium, lactobacilli and others. The lactobacilli segment holds the largest share in the global poultry probiotic ingredients market due to its added benefits for eggshell and facilitating a favorable environment for the proper growth of eggs. The lactobacilli aids in absorbing excess calcium from the gut of the animal and thus facilitating thicker eggshells.
By type, the market can be segmented into poults, chicks, breeders, turkeys, layers and broilers.
Report Attributes | Report Details |
---|---|
Report Name | Probiotic Ingredients Market |
Market Size in 2023 | USD 2.59 Billion |
Market Forecast in 2032 | USD 6.00 Billion |
Growth Rate | CAGR of 9.8% |
Number of Pages | 206 |
Key Companies Covered | Danone, Chr. Hansen Holding A/S, Yakult Honsha Co. Ltd., BioGaia AB, Probi AB, Lifeway Foods, Inc., Nestle S.A., Ganeden, Inc., E. I. du Pont de Nemours and Company, and Protexin |
Segments Covered | By application, By ingredient, By end use, By function and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share of the global poultry probiotic ingredients market due to the rising consumption of poultry animals. There is an increase in the awareness of people regarding health and nutritional values. Due to the high concentration of protein in animals, poultry meat consumption is widely growing in the region. The favorable government rules and regulations also propel the growth of the regional market.
Asia Pacific is anticipated to witness huge growth due to natural predilection. The expanding product range in the region is also driving regional market growth.
Some of the significant players in the global poultry probiotic ingredients market are:
Shandong Baolai-Leelai Bio-Industrial Co. Ltd,
The Global Poultry Probiotic Ingredients Market is segmented as follows:
By Source
By Form
By Product
By Application
By Type
FrequentlyAsked Questions
The increasing poultry business coupled with the increasing investments from both the private and public sector is likely to favor the growth of the global poultry probiotic ingredients market during the forecast period. The rising consumption of meat and associated products that incorporate protein is expected to boost the growth of the market significantly.
Some of the significant players in the global poultry probiotic ingredients market are Shandong Baolai-Leelai Bio-Industrial Co., Ltd., Lactina Ltd., Calpis USA, Pangoo, Pic-Bio, Inc, Prowell, Neospark, Lexington Enterprises, International Animal Health Products, VIT-E-MEN CO., INC., Intvet Products Mfg Co., Biomin Holding GmbH, Organica Biotech Pvt. Ltd., Polchem Hygiene Laboratories Pvt Ltd, SCD Probiotics, LLC, Huvepharma – Livestock, Adisseo, Boehringer Ingelheim, Kemin Industries, Evonik, Novozymes, DuPont, Lallemand, DSM, Novus International, Inc., and Chr. Hansen Holding A/S.
North America accounts for the largest share in the global poultry probiotic ingredients market due to the rising consumption of poultry animals. There is an increase in the awareness of people regarding health and nutritional values.
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