Probiotics, organic trace minerals markets expected to grow
New reports forecast growth in two animal feed market segments in coming years
Two new reports on the global animal feed market forecast growth in the probiotics and organic trace minerals segments.
“Probiotics in Animal Feed Market by Bacteria (Lactobacilli, Streptococcus Thermophiles, and Bifidobacteria), Livestock (Cattle, Poultry, Swine, and Aquaculture), Form (Dry and Liquid), Function (Yield, Immunity, and Productivity), and by Region - Global Forecast to 2021,” from Markets and Markets, shows the global animal feed probiotics market is projected to reach $4.71 billion by 2021, at a CAGR of 7.7 percent from 2016 to 2021.
The demand for probiotics used in feed for animal health and nutrition has been contributing to the growth in the market. Rapidly increasing demand for quality animal products is anticipated to drive the market of probiotics in animal feed during the projection period.
The Lactobacilli bacteria segment accounted for the largest share and was followed by the Bifidobacteria segment in 2015. The growth of Lactobacilli segment was mainly due to its wide availability and wide range of applications in animal health and nutrition. All applications considered for the probiotics in animal feed products are those that are commercially available and traded. In the same year, Asia-Pacific accounted for the largest share in the bacteria segment. Europe contributed the second-largest share.
The growth of probiotics in animal feed market is directly linked to the increasing demand for quality animal products. Probiotics-based feed additives play a critical role in providing balanced nutrition to livestock, as well as improving feed digestibility, so as to reduce the overall feed requirements, thus saving costs. Asia-Pacific was the largest market for probiotics in animal feed and accounted for the maximum share in 2015.
Probiotics have tremendous market opportunities in the animal feed industry around the world. The Asia-Pacific animal feed sector is significantly influenced by the preference for natural and nutritional food for animals. The demand for probiotics-based products in animal feed is continuously increasing in the Asia-Pacific region. Increasing awareness about the health benefits derived from probiotics is also the prime factor driving the demand for probiotics-based animal feed in this region.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Lallemand Inc., Koninklijke DSM N.V., Cargill Inc., Chr. Hansen Holding A/S and E.I. du Pont de Nemours and Co. Other players in this segment include Lesaffre Group, Novozymes, Advanced BioNutrition Corp., Calpis Co. Ltd. and Nebraska Cultures Inc.
Organic trace minerals market
The Research and Markets report, “Global Organic Trace Minerals for the Animal Feed Market 2016-2020,” says the global organic trace minerals for the animal feed market is forecast to grow at a CAGR of 7.58 percent during the period 2016-20.
The report covers the present scenario and the growth prospects of the global organic trace minerals for the animal feed market for 2016-20. To calculate the market size, revenue generated from the sales of organic trace mineral products for animal feed market was considered, with 2015 as the base year.