[Research Report] The Poultry Probiotic market is expected to grow from US$ 117 million in 2022 to US$ 188 million by 2030; it is expected to record a CAGR of 6.5% from 2022 to 2030.
Market Insights and Analyst View:
Poultry probiotics are live fungi, bacteria, or yeasts that supplement the gastrointestinal flora and aid in maintaining a healthy digestive system, thereby promoting the growth performance and overall health of poultry animals. Probiotics are a feed additive that has gained popularity in poultry production following the ban on antibiotic growth promoters (AGP). These probiotics are added to poultry feed in order to increases the production of meat and eggs from poultry animals.
Growth Drivers and Challenges:
Rising awareness regarding the need to improve gut health and immunity of poultry animals, coupled with the increasing outbreak of diseases in chicken, boost the demand for growth promoters such as probiotic ingredients. Therefore, the increasing usage of additives in poultry feed is boosting the demand for the poultry probiotic. Moreover, the high efficacy of bifidobacterium in preventing the contraction of specific infections & diseases and maintaining gastrointestinal flora in poultry animals and its ability to enhance the growth rate and feed efficiency in poultry animals are likely to fuel the product demand. Additionally, supportive regulations regarding antibiotic bans, as various incidences show the harmful effect of antibiotics in meat products, are likely to encourage using natural ingredients in feed additives to drive the demand for poultry probiotics. For instance, from 2006 onwards, the European Union (EU) has prohibited using antibiotics as feed additives. Hence, many activities were initiated to establish alternative strategies in order to prevent the growth of pathogenic bacteria in farm animals. Prebiotics, probiotics, and essential oils have been suggested as alternatives to animal feed antibiotics. Thus, the increasing adoption of probiotics as an alternative to antibiotics in animal feed creates lucrative growth opportunities in the poultry probiotics market.
Furthermore, world poultry meat production soared by 9 to 133 million tons from 1961 to 2020, and the production of eggs shot up from 15 to 93 million tons. In 2020, poultry meat represented almost 40 % of global meat production. Thus, high poultry production is expected to boost the demand for feed additives such as poultry probiotics. However, rules and regulations regarding the utilization of probiotics in poultry feed are becoming increasingly stringent. There are discrepancies on the usage of probiotics in between developed and developing countries in the form of standard issues such as environmental protection, animal welfare, and meat quality. This factor can hamper the poultry probiotic market growth across the globe.
Report Segmentation and Scope:
The "Global Poultry Probiotic Market" is segmented based on type, application, and geography. The poultry probiotic market is segmented into lactobacillus, bifidobacterium, saccharomyces, streptococcus, and others based on product type. On the basis of application, the market is classified into chicken, turkey, and Others. The poultry probiotic market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
The poultry probiotic market is segmented based on type into lactobacillus, bifidobacterium, saccharomyces, streptococcus, and others. The lactobacillus segment holds a significant market share and is expected to register a significant CAGR in the poultry probiotic market during the forecast period. Lactobacillus is a microbe widely used in preparing poultry probiotic formulations due to its ability to improve immunity and decrease enzyme activity. Rising awareness regarding the importance of the health and nutrition of poultry animals among poultry farmers is anticipated to trigger the segment growth. Moreover, probiotics are exposed to harsh conditions in the small intestine and stomach after they survive the manufacturing process and degradation overtime on the shelf. According to the research of UK food microbiologists, only some highly resistant bacteria, like lactobacillus, can survive stomach acid. The other probiotic bacteria are anticipated to get destroyed by stomach acid. Thus, lactobacillus is mostly a preferred probiotic species by the poultry feed industries.
Based on geography, the poultry probiotic market is segmented into five key regions: North America, Asia Pacific, Europe, South & Central America, and Middle East & Africa. The global poultry probiotic market in the Asia Pacific is significantly increasing due to the rising animal feed production and growing livestock. Asia Pacific is the largest producer of animal feed globally. The region accounts for the largest human population among all five regions and contains around 60% of the global population. Hence, the mass of the region is bolstering the demand for meat products, which is leading the region for livestock and subsequently favoring the poultry probiotic market growth in the region. Moreover, favorable government schemes and subsidies to promote the growth of poultry livestock further boost the demand for poultry feed additives such as probiotics in the region. The rising production and consumption of animal feed among livestock farms increase the growth of the poultry probiotic market in Asia Pacific.
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the poultry probiotic market are listed below:
1. In September 2022, Lallemand opened a new branch in Poland and standardized its presence to directly sell its microbial-based animal nutrition and well-being solutions.
2. In September 2022, DSM acquired Prodap. Prodap is a leading animal nutrition and technology company based in Brazil. With this strategy, the company's technological offerings include specialized nutritional solutions and consulting services to enhance animal farming efficiency and sustainability.
3. In December 2022, the Adisseo group acquired Nor-Feed and its subsidiaries in order to develope and register botanical additives for utilization in animal feed.
4. In October 2022, the partnership between BASF and Evonik allowed Evonik certain non-exclusive licensing rights to OpteinicsTM, a digital solution to reduce the negative environmental impact of the feed industries and animal protein and improve comprehension.
The COVID-19 pandemic affected almost all industries in various regions. Lockdowns, business shutdowns, and travel restrictions in North America (NA), Europe (EU), Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) imped the growth of several industries, including the livestock industry, food & beverage industry, animal feed industries. The closure of manufacturing units disturbed global supply chains, production activities, delivery schedules, and nonessential and essential product sales. Many companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Animal feed manufacturers temporarily close their operations or limit their production capacities, negatively impacting the poultry probiotic market growth. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxations in specific regulations, including lockdowns and travel bans. The relaxation of trade restrictions aided in import and export operations, positively impacting the poultry probiotic market growth.
Competitive Landscape and Key Companies:
A few of the key players operating in the global poultry probiotic market include ADM, Chr. Hansen Holding A/S, Adisseo, Alltech, Land O'Lakes, Inc., Lallemand Inc., DSM, IFF Nutrition and Biosciences, Kemin Industries, Inc. Dupont DE Nemours, Inc., among others. These market players are adopting strategic development initiatives to expand, further driving the poultry probiotic market growth.
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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to segments covered.
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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to country scope.
2.Hansen Holding A/S
5.Land O'Lakes Inc
10.Kemin Industries Inc
11.Dupont DE Nemours, Inc
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Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
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- Data Triangulation and Final Review:
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