動物用飼料のプロバイオティクス市場:家畜(家禽、豚、反芻動物、養殖、ペット)、供給源(細菌、酵母、菌)、形態(乾燥、液体)、機能(定性)(栄養、腸の健康、免疫、生産性)&地域別 - 2028年までの世界予測Probiotics in Animal Feed Market by Livestock (Poultry, Swine, Ruminants, Aquaculture, Pets), Source (Bacteria, Yeast, Fungi), Form (Dry, Liquid), Function (Qualitative) (Nutrition, Gut Health, Immunity, Productivity) & Region - Global Forecast to 2028 MarketsandMarketsによると、動物用飼料のプロバイオティクス市場は、2023年の46億米ドルから2028年には71億米ドルに達すると予測され、予測期間中の年平均成長率は金額ベースで9.1%に達するという。動物飼料用プ... もっと見る
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サマリーMarketsandMarketsによると、動物用飼料のプロバイオティクス市場は、2023年の46億米ドルから2028年には71億米ドルに達すると予測され、予測期間中の年平均成長率は金額ベースで9.1%に達するという。動物飼料用プロバイオティクス市場には、ドライタイプとリキッドタイプの両方があります。ドライタイプの方が市場シェアは大きいですが、動物飼料用リキッドプロバイオティクスは、プロバイオティクス株の生存率の向上や飼料の質感などの要因で牽引されています。動物飼料用ドライタイプのプロバイオティクスの需要は、主に費用対効果、保存期間の長さ、便利なパッケージングなどの要因によるものです。主な制約と課題は、飼料用プロバイオティクスに関する国際的な品質規制が標準化されていないこと、新しいプロバイオティクス株の開発に伴う研究開発費が高いこと、他の飼料添加物の人気が高く、それが飼料用プロバイオティクス市場の成長を妨げていることです。"家畜別では、鶏肉が予測期間中に高い需要が見込まれる。" 抗生物質成長促進剤の禁止に関する家禽飼育者の懸念の高まりは、動物飼料におけるプロバイオティクスのアプリケーションの機会であることが証明されています。抗生物質耐性の発達を助長する。肉や乳製品の消費に関連する利点についての消費者の意識の高まりは、消費する肉の品質に対する懸念も生んでいる。 畜産業の工業化は、世界的に需要が高い家禽類を中心とした動物飼料におけるプロバイオティクスの需要増加の一因となっています。プロバイオティクスは、飼料の効率を高め、家禽の飼料摂取量を増加させるのに役立ちます。ブロイラーの飼料にプロバイオティクスを添加することで、飼料転換率が向上し、体重が増加する。また、ブロイラーの死亡率の低下にも役立っています。このように、家禽肉の急速な需要と成長が、市場を牽引すると期待されています。 "形態別では、ドライフォーマットが動物飼料用プロバイオティクス市場を支配すると予想される" 動物飼料には、濃縮飼料と粗飼料が含まれています。粗飼料は食物繊維を多く含む飼料です。そのため、粗飼料はほとんどが乾燥した形状をしています。プロバイオティクスのドライタイプに含まれる高繊維は、動物の消化器官の健康増進に役立ちます。食物繊維はプレバイオティクスとして機能し、有益な腸内細菌に餌を提供します。これにより、プロバイオティクスの成長と活性がサポートされ、消化、栄養吸収、および腸全体の健康状態が改善されます。食物繊維が豊富なドライタイプのプロバイオティクスは、複雑な炭水化物の分解を助け、動物が飼料からより多くの栄養素を取り出せるようにします。栄養素の利用が改善されることで、飼料効率が向上し、農家にとって飼料コストの削減につながる可能性があります。プロバイオティクス微生物のドライフォームの調製には、フリーズドライとスプレードライの方法が利用されます。 さらに、乾燥または粉末状のプロバイオティクスを含む飼料原料の一般的な利点には、保存期間の延長、便利な包装、使いやすさ、他の成分との混合能力などがあります。これらの要因が相まって、乾燥品セグメントの成長が促進されるでしょう。 予測期間中、アジア太平洋地域が市場成長に大きく貢献する 地域的には、中国、インド、日本、オーストラリア、ニュージーランドと、その他のアジア太平洋地域に区分されます。アジア太平洋地域の飼料用プロバイオティクス市場は、人口の増加、アジア太平洋地域の急速な都市化、可処分所得の増加、高品質の肉製品への需要の増加などの要因により、高品質の飼料添加物への需要が高まり、主に成長しています。 インド、中国、日本では、人口の購買力が高まり、タンパク質が豊富な肉食への需要が高まっているため、大幅な成長が見込まれています。アジア太平洋地域では、鶏肉と豚肉が広く消費されています。この地域は異質であり、所得水準、技術、家畜により良い品質の飼料を提供するという最終消費者の要求が多様であるため、将来の成長余地が拡大する。日本、韓国、マレーシアは成熟した安定した市場であり、プロバイオティクスの生産に近代的な技術を使用しています。この地域の動物生産の継続的な近代化は、動物飼料産業におけるプロバイオティクス製造業者に機会を提供します。アジア太平洋市場は、家畜の健康と生産性に関する政府間の懸念の高まりにより、動物飼料用プロバイオティクス製品の絶大な機会を提供しています。これらの要因によって、動物飼料用プロバイオティクスの需要が促進されると期待されています。 プライマリーの内訳 企業タイプ別:Tier1-40%, Tier2-2%, Tier3-28 デザイン別Cレベル-45%, Dレベル-33%, その他-22 地域別北米-15%、欧州-20%、南米-12%、アジア太平洋-40%、 RoW:13%、 その他:セールスマネージャー、テリトリーマネージャー、プロダクトマネージャーなど。 本レポートで紹介する主なプレイヤー - ADM (米国) - インターナショナル・フレーバーズ&フレグランス・インク(US) - CHR.HANSEN HOLDING A/S (デンマーク) - エボニック・インダストリーズAG(ドイツ) - ランドオレイクス(米国) - DSM(オランダ) - オーライ(ドイツ) - ノボザイムズ(デンマーク) - オールテック(米国) - ケミン・インダストリー社(米国) - プロビタアニマルヘルス(英国) - Orffa社(オランダ) - Lesaffre社(フランス) - Lallemand Inc.(カナダ) - アドバンス・アクア・バイオ・テクノロジーズ・インディア・プライベート・リミテッド(インド) - サンザイムバイオロジックスPVT.LTD.(インド) - AgriHealth(アイルランド) - アーム&ハンマー・アニマル&フード・プロダクション(米国) - ユニークバイオテック(インド) - Planet biotech India(インド) - インドガルフカンパニー(インド) - ペルシッドライフサイエンス社(Pellucid Lifesciences Pvt.(インド) - ピュアカルチャーズ(米国) - BL BIO LAB, LLC(米国) - VIRBAC (フランス) 本調査では、動物飼料用プロバイオティクス市場におけるこれらの主要企業の会社概要、最近の動向、主要な市場戦略など、詳細な競合分析が含まれています。 調査対象範囲 本レポートでは、動物用飼料のプロバイオティクス市場を、供給源、家畜、形態、機能(定性)、流通チャネル(定性)、地域に基づいて分類しています。洞察の面では、本レポートは様々なレベルの分析(競争環境、最終用途分析、企業プロファイル)に焦点を当てており、これらの分析は、世界の動物用飼料のプロバイオティクス市場の新興および高成長セグメント、高成長地域、国、政府の取り組み、推進要因、阻害要因、機会、課題に関する見解を構成し議論します。 本レポートを購入する理由 本レポートは、動物用飼料のプロバイオティクス市場全体とサブセグメントの収益数の最も近い近似値に関する情報を提供し、この市場の市場リーダー/新規参入者を支援します。本レポートは、利害関係者が競争環境を理解し、自社のビジネスをより良く位置づけ、適切な市場参入戦略を計画するためのより多くの洞察を得るのに役立ちます。また、本レポートは、関係者が市場の鼓動を理解するのに役立ち、主要な市場促進要因、阻害要因、課題、および機会に関する情報を提供します。 本レポートは、以下のポイントに関する洞察を提供します: - 動物飼料中のプロバイオティクス市場の成長に影響を与える主要な促進要因(動物性タンパク質およびその他の畜産物の需要の増加)、抑制要因(動物飼料製品中のプロバイオティクスに関する国際品質規制の非標準化)、機会(抗生物質成長促進剤(AGPs)の廃止)、課題(他の飼料添加物の高い人気)の分析。 - 製品開発/イノベーション:動物用飼料のプロバイオティクス市場における今後の技術、研究開発活動、新製品・サービス開始に関する詳細なインサイトを提供します。 - 市場開発:有利な市場に関する包括的な情報 - 本レポートでは、さまざまな地域の動物用飼料のプロバイオティクス市場を分析しています。 - 市場の多様化動物用飼料のプロバイオティクス市場における新製品・サービス、未開拓の地域、最近の開発、投資に関する詳細な情報を提供します。 - 競争力評価:動物用飼料のプロバイオティクス市場戦略における主要企業であるADM社(米国)、Chr. Hansen Holding A/S(デンマーク)、Evonik Industries AG(ドイツ)、Land O'Lakes Inc.(米国)、DSM(米国)、Novozymes(デンマーク)などの市場シェア、成長戦略、サービス提供について詳細に評価しています。また、本レポートは、関係者がプロバイオティクスと飼料添加物市場を理解するのに役立ち、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供します。 目次1 INTRODUCTION 371.1 STUDY OBJECTIVES 37 1.2 MARKET DEFINITION 37 1.3 STUDY SCOPE 38 FIGURE 1 MARKET SEGMENTATION 38 1.3.1 INCLUSIONS AND EXCLUSIONS 38 1.4 REGIONS COVERED 39 1.5 YEARS CONSIDERED 40 1.6 UNITS CONSIDERED 40 1.6.1 CURRENCY (VALUE UNIT) 40 TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 41 1.6.2 VOLUME UNIT 41 1.7 STAKEHOLDERS 41 1.8 SUMMARY OF CHANGES 42 1.9 RECESSION IMPACT ANALYSIS 42 2 RESEARCH METHODOLOGY 43 2.1 RESEARCH DATA 43 FIGURE 2 PROBIOTICS IN ANIMAL FEED MARKET: RESEARCH DESIGN 43 2.1.1 SECONDARY DATA 44 2.1.1.1 Key data from secondary sources 44 2.1.2 PRIMARY DATA 44 2.1.2.1 Key industry insights 45 2.1.2.2 Breakdown of primary interviews 46 FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 46 2.2 MARKET SIZE ESTIMATION 46 2.2.1 TOP-DOWN APPROACH 47 FIGURE 4 MARKET SIZE ESTIMATION – IDENTIFICATION OF TOP SUPPLIERS 47 FIGURE 5 PROBIOTICS IN ANIMAL FEED MARKET: SUPPLY SIDE CALCULATION 48 2.2.2 BOTTOM-UP APPROACH 48 FIGURE 6 MARKET SIZE ESTIMATION – REVENUE FROM SUPPLIERS 49 2.3 DATA TRIANGULATION 49 FIGURE 7 DATA TRIANGULATION 50 2.4 RECESSION IMPACT ON PROBIOTICS IN ANIMAL FEED MARKET 50 2.4.1 MACRO INDICATORS OF RECESSION 50 FIGURE 8 INDICATORS OF RECESSION 51 FIGURE 9 GLOBAL INFLATION RATE, 2011–2021 51 FIGURE 10 GLOBAL GDP, 2011–2021 (USD TRILLION) 52 FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON PROBIOTICS IN ANIMAL FEED MARKET 53 FIGURE 12 PROBIOTICS IN ANIMAL FEED MARKET: EARLIER FORECAST VS RECESSION FORECAST 54 2.5 RESEARCH ASSUMPTIONS 55 2.6 RESEARCH LIMITATIONS AND ASSOCIATED RISKS 55 3 EXECUTIVE SUMMARY 56 TABLE 2 PROBIOTICS IN ANIMAL FEED MARKET SNAPSHOT, 2022 VS. 2028 57 FIGURE 13 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 57 FIGURE 14 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION) 58 FIGURE 15 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 58 FIGURE 16 PROBIOTICS IN ANIMAL FEED MARKET SHARE, BY REGION, 2022 (VALUE) 59 4 PREMIUM INSIGHTS 60 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET 60 FIGURE 17 RISE AWARENESS REGARDING ANIMAL HEALTH TO DRIVE PROBIOTICS IN ANIMAL FEED MARKET 60 4.2 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE AND COUNTRY 60 FIGURE 18 BACTERIA SEGMENT AND CHINA ACCOUNTED FOR SIGNIFICANT SHARE IN 2022 60 4.3 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM 61 FIGURE 19 DRY SEGMENT TO LEAD MARKET BY 2028 61 4.4 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK 61 FIGURE 20 POULTRY SEGMENT TO DOMINATE MARKET BY 2028 61 4.5 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE 62 FIGURE 21 BACTERIA SEGMENT TO DOMINATE MARKET BY 2028 62 5 MARKET OVERVIEW 63 5.1 INTRODUCTION 63 5.2 MACROECONOMIC INDICATORS 63 5.2.1 RISE IN PRODUCTION OF COMPOUND FEED 63 FIGURE 22 COMPOUND FEED PRODUCTION, 2012–2022 (MILLION METRIC TONNES) 64 5.2.2 GROWTH OPPORTUNITIES IN EMERGING ECONOMIES 64 FIGURE 23 GROSS DOMESTIC PRODUCT GROWTH RATE IN ASIAN COUNTRIES, 2020–2021 65 5.3 MARKET DYNAMICS 65 FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PROBIOTICS IN ANIMAL FEED MARKET 65 5.3.1 DRIVERS 66 5.3.1.1 Increased demand for animal protein and other livestock products 66 TABLE 3 PER CAPITA CONSUMPTION OF LIVESTOCK PRODUCTS 66 5.3.1.2 Pressure on feed productivity and feed conversion rate 67 5.3.1.3 Greater prevalence of disease outbreaks 67 5.3.2 RESTRAINTS 67 5.3.2.1 Non-standardized international quality regulations 67 5.3.3 OPPORTUNITIES 68 5.3.3.1 Abolition of antibiotic growth promoters (AGPs) 68 5.3.3.2 Innovations and technological advancements in feed industry 69 5.3.4 CHALLENGES 69 5.3.4.1 High R&D costs for developing new probiotic strains 69 5.3.4.2 High popularity of other feed additives 70 6 INDUSTRY TRENDS 71 6.1 INTRODUCTION 71 6.2 VALUE CHAIN ANALYSIS 71 6.2.1 RESEARCH & PRODUCT DEVELOPMENT 71 6.2.2 RAW MATERIAL SOURCING 71 6.2.3 PRODUCTION & PROCESSING 72 6.2.4 DISTRIBUTION 72 6.2.5 MARKETING & SALES 72 FIGURE 25 VALUE CHAIN ANALYSIS OF PROBIOTICS IN ANIMAL FEED MARKET 72 6.3 TECHNOLOGY ANALYSIS 73 6.3.1 BACTERIOPHAGES AS NEW SOURCE OF PROBIOTICS 73 6.3.2 PROBIOTICS IN FORM OF EFFERVESCENT TABLETS 73 6.4 PRICING ANALYSIS: PROBIOTICS IN ANIMAL FEED MARKET 73 6.4.1 AVERAGE SELLING PRICE, BY SOURCE 73 FIGURE 26 AVERAGE SELLING PRICES, BY SOURCE, 2020–2022 (USD/TON) 74 TABLE 4 PROBIOTICS IN ANIMAL FEED MARKET: AVERAGE SELLING PRICE, BY SOURCE, 2020–2022 (USD/TON) 74 TABLE 5 BACTERIA-BASED PROBIOTICS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON) 74 TABLE 6 YEAST/FUNGI-BASED PROBIOTICS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON) 75 6.5 ECOSYSTEM/MARKET MAP 75 6.5.1 DEMAND SIDE 75 6.5.2 SUPPLY SIDE 75 FIGURE 27 PROBIOTICS IN ANIMAL FEED MARKET MAP 76 TABLE 7 PROBIOTICS IN ANIMAL FEED MARKET: SUPPLY CHAIN (ECOSYSTEM) 76 FIGURE 28 PROBIOTICS IN ANIMAL FEED: ECOSYSTEM 78 6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 78 FIGURE 29 REVENUE SHIFT FOR PROBIOTICS IN ANIMAL FEED MARKET 79 6.7 PATENT ANALYSIS 79 FIGURE 30 NUMBER OF PATENTS GRANTED BETWEEN 2013 AND 2022 79 FIGURE 31 TOP TEN INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 80 FIGURE 32 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 80 TABLE 8 PATENTS PERTAINING TO PROBIOTICS IN ANIMAL FEED, 2021–2023 81 6.8 TRADE ANALYSIS 81 TABLE 9 TOP TEN IMPORTERS AND EXPORTERS OF LACTOBACILLUS, 2021 (KG) 81 6.9 KEY CONFERENCES AND EVENTS 82 TABLE 10 KEY CONFERENCES AND EVENTS, 2023–2024 82 6.10 TARIFFS AND REGULATORY LANDSCAPE 83 6.10.1 NORTH AMERICA 84 6.10.1.1 US 84 6.10.1.2 Canada 85 6.10.2 EUROPEAN UNION 85 6.10.3 ASIA PACIFIC 86 6.10.3.1 China 86 6.10.3.2 Japan 86 6.10.3.3 India 86 6.10.4 SOUTH AMERICA 87 6.10.4.1 Brazil 87 TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87 TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88 TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88 6.11 PORTER’S FIVE FORCES ANALYSIS 89 TABLE 14 PROBIOTICS IN ANIMAL FEED MARKET: PORTER’S FIVE FORCES ANALYSIS 89 6.11.1 INTENSITY OF COMPETITIVE RIVALRY 89 6.11.2 BARGAINING POWER OF SUPPLIERS 90 6.11.3 BARGAINING POWER OF BUYERS 90 6.11.4 THREAT OF SUBSTITUTES 90 6.11.5 THREAT OF NEW ENTRANTS 90 6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 91 6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 91 FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES 91 TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES OF PROBIOTICS IN ANIMAL FEED 91 6.12.2 BUYING CRITERIA 92 TABLE 16 PROBIOTICS IN ANIMAL FEED MARKET: KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 92 FIGURE 34 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 92 6.13 CASE STUDIES 93 6.13.1 ACQUISITION OF PROBIOTICS INTERNATIONAL LIMITED HELPED ADM EXPAND ITS OFFERINGS 93 6.13.2 LAUNCH OF ECOBIL FIZZ FOR CHICKENS HELPED EVONIK INDUSTRIES AG BROADEN POULTRY PRODUCT PORTFOLIO 93 7 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE 94 7.1 INTRODUCTION 95 TABLE 17 PROBIOTICS COMMONLY USED IN ANIMAL FEED 95 FIGURE 35 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 96 TABLE 18 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 97 TABLE 19 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 97 TABLE 20 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 97 TABLE 21 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 97 7.2 BACTERIA 98 7.2.1 HIGH COMMERCIALIZATION AND BETTER BILE RESISTANCE AS COMPARED TO YEAST 98 TABLE 22 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 98 TABLE 23 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 99 TABLE 24 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (KT) 99 TABLE 25 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (KT) 99 TABLE 26 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2019–2022 (USD MILLION) 100 TABLE 27 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2023–2028 (USD MILLION) 100 7.2.2 LACTOBACILLI 100 7.2.3 BIFIDOBACTERIUM 101 7.2.4 STREPTOCOCCUS THERMOPHILUS 101 7.3 YEAST & FUNGI 102 7.3.1 HIGH RATE OF PRODUCT INNOVATIONS AND ONGOING RESEARCH 102 TABLE 28 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 102 TABLE 29 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 103 TABLE 30 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (KT) 103 TABLE 31 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (KT) 103 TABLE 32 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2019–2022 (USD MILLION) 104 TABLE 33 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2023–2028 (USD MILLION) 104 7.3.2 SACCHAROMYCES CEREVISIAE 104 7.3.3 SACCHAROMYCES BOULARDII 104 7.3.4 OTHER YEAST & FUNGI SOURCES 105 8 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK 106 8.1 INTRODUCTION 107 TABLE 34 BENEFITS ASSOCIATED WITH ADMINISTRATION OF PROBIOTICS IN ANIMAL FEED 107 FIGURE 36 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION) 108 TABLE 35 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 108 TABLE 36 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 109 8.2 POULTRY 109 8.2.1 RAPID DEMAND AND GROWTH OF POULTRY MEAT 109 TABLE 37 BACTERIAL STRAINS USED IN MANUFACTURE OF PROBIOTICS FOR POULTRY 110 TABLE 38 POULTRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 110 TABLE 39 POULTRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 110 8.3 SWINE 111 8.3.1 HIGH PORK CONSUMPTION IN ASIAN COUNTRIES 111 TABLE 40 PROBIOTIC MICROORGANISMS COMMONLY USED IN SWINE FEED 111 TABLE 41 SWINE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 112 TABLE 42 SWINE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 112 8.4 RUMINANTS 112 8.4.1 HIGH PER CAPITA CONSUMPTION OF BEEF AND GLOBAL RISE IN DEMAND FOR DAIRY PRODUCTS 112 TABLE 43 RUMINANTS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 113 TABLE 44 RUMINANTS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 113 8.5 AQUACULTURE 114 8.5.1 SUBSTANTIAL RISE IN GLOBAL AQUACULTURE FEED TONNAGE 114 TABLE 45 APPLICATION OF PROBIOTICS IN AQUACULTURE 114 TABLE 46 AQUACULTURE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 115 TABLE 47 AQUACULTURE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 116 8.6 PETS 116 8.6.1 SURGE IN PET OWNERSHIP IN NORTH AMERICA AND EUROPE 116 TABLE 48 PETS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 116 TABLE 49 PETS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 117 8.7 OTHER LIVESTOCK 117 TABLE 50 OTHER LIVESTOCK: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 117 TABLE 51 OTHER LIVESTOCK: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 118 9 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM 119 9.1 INTRODUCTION 120 FIGURE 37 DRY FORM TO DOMINATE MARKET DURING FORECAST YEAR (USD MILLION) 120 TABLE 52 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 120 TABLE 53 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 121 9.2 DRY 121 9.2.1 BETTER FEED EFFICIENCY AND COST OPTIMIZATION 121 TABLE 54 DRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 121 TABLE 55 DRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 122 9.3 LIQUID 122 9.3.1 ENHANCED PROBIOTIC STRAINS VIABILITY AND FEED TEXTURE UNIFORMITY 122 TABLE 56 LIQUID: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 122 TABLE 57 LIQUID: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 123 10 PROBIOTICS IN ANIMAL FEED MARKET, BY FUNCTION 124 10.1 INTRODUCTION 124 10.2 NUTRITION 124 10.3 GUT HEALTH 125 10.4 YIELD 125 10.5 IMMUNITY 125 10.6 PRODUCTIVITY 126 11 PROBIOTICS IN ANIMAL FEED MARKET, BY DISTRIBUTION CHANNEL 128 11.1 INTRODUCTION 128 11.2 DIRECT SALES TO DISTRIBUTORS 128 11.3 DIRECT SALES TO LIVESTOCK GROWERS AND FEED INTEGRATORS 129 11.4 OTHER DISTRIBUTION CHANNELS 129 12 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION 130 12.1 INTRODUCTION 131 FIGURE 38 PROBIOTICS IN ANIMAL FEED MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 131 TABLE 58 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 132 TABLE 59 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 132 TABLE 60 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (KT) 132 TABLE 61 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (KT) 133 12.2 NORTH AMERICA 133 12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 133 FIGURE 39 NORTH AMERICA: INFLATION RATE, BY KEY COUNTRY, 2018–2021 134 FIGURE 40 NORTH AMERICA: RECESSION IMPACT ANALYSIS 134 FIGURE 41 NORTH AMERICA: MARKET SNAPSHOT 135 TABLE 62 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 135 TABLE 63 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 136 TABLE 64 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 136 TABLE 65 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 136 TABLE 66 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 136 TABLE 67 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 137 TABLE 68 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 137 TABLE 69 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 137 TABLE 70 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 138 TABLE 71 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 138 12.2.2 US 138 12.2.2.1 High demand for animal-based protein and rise in pet ownership 138 TABLE 72 US: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 139 TABLE 73 US: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 139 TABLE 74 US: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 139 TABLE 75 US: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 139 12.2.3 CANADA 139 12.2.3.1 Modernization of dairy industry and rise in layer feed production 139 TABLE 76 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 140 TABLE 77 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 140 TABLE 78 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 140 TABLE 79 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 140 12.2.4 MEXICO 141 12.2.4.1 Strengthening feed industry, surging meat exports, and high demand for poultry products 141 TABLE 80 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 141 TABLE 81 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 141 TABLE 82 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 141 TABLE 83 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 142 12.3 EUROPE 142 12.3.1 EUROPE: RECESSION IMPACT ANALYSIS 142 FIGURE 42 EUROPE: INFLATION RATE, BY KEY COUNTRY, 2018–2021 143 FIGURE 43 EUROPE: RECESSION IMPACT ANALYSIS 143 TABLE 84 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 144 TABLE 85 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 144 TABLE 86 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 144 TABLE 87 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 145 TABLE 88 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 145 TABLE 89 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 145 TABLE 90 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 145 TABLE 91 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 146 TABLE 92 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 146 TABLE 93 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 146 12.3.2 GERMANY 147 12.3.2.1 Higher meat production in commercial slaughterhouses 147 TABLE 94 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 147 TABLE 95 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 147 TABLE 96 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 147 TABLE 97 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 148 12.3.3 UK 148 12.3.3.1 Increased health awareness and consumption of dairy products 148 TABLE 98 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 148 TABLE 99 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 148 TABLE 100 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 149 TABLE 101 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 149 12.3.4 FRANCE 149 12.3.4.1 High compound feed production and strong regulations 149 TABLE 102 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 150 TABLE 103 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 150 TABLE 104 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 150 TABLE 105 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 150 12.3.5 ITALY 151 12.3.5.1 Growth of pet food premium products and high animal feed consumption 151 TABLE 106 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 151 TABLE 107 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 151 TABLE 108 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 151 TABLE 109 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 152 12.3.6 SPAIN 152 12.3.6.1 Greater demand for meat and dairy products 152 TABLE 110 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 152 TABLE 111 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 152 TABLE 112 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 153 TABLE 113 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 153 12.3.7 RUSSIA 153 12.3.7.1 Robust feed industry coupled with rise in demand for poultry and dairy products 153 TABLE 114 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 153 TABLE 115 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 154 TABLE 116 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 154 TABLE 117 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 154 12.3.8 REST OF EUROPE 154 TABLE 118 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 155 TABLE 119 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 155 TABLE 120 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 155 TABLE 121 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 155 12.4 ASIA PACIFIC 156 12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 156 FIGURE 44 ASIA PACIFIC: INFLATION RATE, BY KEY COUNTRY, 2018–2021 156 FIGURE 45 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 157 FIGURE 46 ASIA PACIFIC: MARKET SNAPSHOT 158 TABLE 122 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION) 159 TABLE 123 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION) 159 TABLE 124 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 159 TABLE 125 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 160 TABLE 126 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 160 TABLE 127 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 160 TABLE 128 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 160 TABLE 129 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 161 TABLE 130 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 161 TABLE 131 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 161 12.4.2 CHINA 162 12.4.2.1 Rapid urbanization and rising demand for livestock 162 TABLE 132 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 162 TABLE 133 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 162 TABLE 134 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 163 TABLE 135 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 163 12.4.3 INDIA 163 12.4.3.1 Large cattle population and demand for feed additives 163 TABLE 136 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 164 TABLE 137 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 164 TABLE 138 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 164 TABLE 139 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 164 12.4.4 JAPAN 165 12.4.4.1 Increase in demand for premium-quality animal products 165 TABLE 140 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 165 TABLE 141 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 165 TABLE 142 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 166 TABLE 143 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 166 12.4.5 AUSTRALIA & NEW ZEALAND 166 12.4.5.1 Growth in demand for organic and free-range products 166 TABLE 144 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 167 TABLE 145 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 167 TABLE 146 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 167 TABLE 147 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 167 12.4.6 REST OF ASIA PACIFIC 168 TABLE 148 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 168 TABLE 149 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 168 TABLE 150 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 168 TABLE 151 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 169 12.5 SOUTH AMERICA 169 12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 169 FIGURE 47 SOUTH AMERICA: INFLATION RATE, BY KEY COUNTRY, 2018–2021 170 FIGURE 48 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 170 TABLE 152 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 171 TABLE 153 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 171 TABLE 154 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 171 TABLE 155 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 171 TABLE 156 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 172 TABLE 157 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 172 TABLE 158 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 172 TABLE 159 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 173 TABLE 160 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 173 TABLE 161 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 173 12.5.2 BRAZIL 174 12.5.2.1 Substantial demand for good quality meat in domestic and international markets 174 TABLE 162 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 174 TABLE 163 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 174 TABLE 164 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 175 TABLE 165 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 175 12.5.3 ARGENTINA 175 12.5.3.1 High per capita beef consumption and thriving livestock industry 175 TABLE 166 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 176 TABLE 167 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 176 TABLE 168 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 176 TABLE 169 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 176 12.5.4 REST OF SOUTH AMERICA 177 TABLE 170 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 177 TABLE 171 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 177 TABLE 172 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 177 TABLE 173 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 178 12.6 REST OF THE WORLD 178 12.6.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS 178 FIGURE 49 REST OF THE WORLD: INFLATION RATE, BY SUBREGION, 2018–2021 179 FIGURE 50 REST OF THE WORLD PROBIOTICS IN ANIMAL FEED MARKET: RECESSION IMPACT ANALYSIS 179 TABLE 174 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 179 TABLE 175 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 180 TABLE 176 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 180 TABLE 177 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 180 TABLE 178 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 180 TABLE 179 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 181 TABLE 180 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 181 TABLE 181 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 181 TABLE 182 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 182 TABLE 183 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 182 12.6.2 AFRICA 182 12.6.2.1 Well-developed livestock industry coupled with growing meat consumption 182 TABLE 184 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 183 TABLE 185 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 183 TABLE 186 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 183 TABLE 187 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 183 12.6.3 MIDDLE EAST 184 12.6.3.1 High consumption of beef to fuel market 184 TABLE 188 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 184 TABLE 189 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 184 TABLE 190 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 184 TABLE 191 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 185 13 COMPETITIVE LANDSCAPE 186 13.1 OVERVIEW 186 13.2 MARKET SHARE ANALYSIS 186 TABLE 192 PROBIOTICS IN ANIMAL FEED MARKET: DEGREE OF COMPETITION (COMPETITIVE) 187 13.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 187 FIGURE 51 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION) 187 13.4 KEY PLAYERS ANNUAL REVENUE VS GROWTH 188 FIGURE 52 ANNUAL REVENUE, 2022 (USD BILLION) VS REVENUE GROWTH, 2020–2022 188 13.5 KEY PLAYERS EBIDTA 188 FIGURE 53 EBIDTA, 2022 (USD BILLION) 188 13.6 KEY PLAYER STRATEGIES 189 TABLE 193 STRATEGIES ADOPTED BY KEY PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET 189 13.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 191 FIGURE 54 GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022 191 13.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 191 13.8.1 STARS 192 13.8.2 EMERGING LEADERS 192 13.8.3 PERVASIVE PLAYERS 192 13.8.4 PARTICIPANTS 192 FIGURE 55 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 193 13.9 PROBIOTICS IN ANIMAL FEED MARKET: PRODUCT FOOTPRINT (KEY PLAYERS) 194 TABLE 194 COMPANY FOOTPRINT, BY SOURCE 194 TABLE 195 COMPANY FOOTPRINT, BY LIVESTOCK 195 TABLE 196 COMPANY FOOTPRINT, BY REGION 196 TABLE 197 OVERALL COMPANY FOOTPRINT 197 13.10 COMPANY EVALUATION QUADRANT (STARTUPS/SMES) 198 13.10.1 PROGRESSIVE COMPANIES 198 13.10.2 STARTING BLOCKS 198 13.10.3 RESPONSIVE COMPANIES 198 13.10.4 DYNAMIC COMPANIES 198 FIGURE 56 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES) 199 13.10.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 200 TABLE 198 PROBIOTICS IN ANIMAL FEED MARKET: DETAILED LIST OF KEY STARTUPS/SMES 200 TABLE 199 PROBIOTICS IN ANIMAL FEED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 201 13.11 COMPETITIVE SCENARIO 202 13.11.1 NEW PRODUCT LAUNCHES 202 TABLE 200 PROBIOTICS IN ANIMAL FEED MARKET: NEW PRODUCT LAUNCHES, 2019–2021 202 13.11.2 DEALS 203 TABLE 201 PROBIOTICS IN ANIMAL FEED MARKET: DEALS, 2018–2021 203 13.11.3 OTHERS 204 TABLE 202 PROBIOTICS IN ANIMAL FEED MARKET: OTHERS, 2019 204
SummaryAccording to MarketsandMarkets, the probiotics in animal feed market is projected to reach USD 7.1 billion by 2028 from USD 4.6 billion by 2023, at a CAGR of 9.1% during the forecast period in terms of value. The probiotics in animal feed market comprises of both dry and liquid form; although dry form hold a larger market share, liquid probiotics for animal feed is driven by factors such as enhanced probiotic strains viability and feed texture. The demand for dry form of probiotics in animal feed is mainly due to factors such as cost-effectiveness, longer shelf lives, and convenient packaging. The major constraints and challenges are the non-standardized international quality regulations for probiotics in animal feed products, high costs associated with R&D for development of new probiotic strains, high popularity of other feed additives which, in turn, hinders the growth of probiotics in animal feed market. Table of Contents1 INTRODUCTION 371.1 STUDY OBJECTIVES 37 1.2 MARKET DEFINITION 37 1.3 STUDY SCOPE 38 FIGURE 1 MARKET SEGMENTATION 38 1.3.1 INCLUSIONS AND EXCLUSIONS 38 1.4 REGIONS COVERED 39 1.5 YEARS CONSIDERED 40 1.6 UNITS CONSIDERED 40 1.6.1 CURRENCY (VALUE UNIT) 40 TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 41 1.6.2 VOLUME UNIT 41 1.7 STAKEHOLDERS 41 1.8 SUMMARY OF CHANGES 42 1.9 RECESSION IMPACT ANALYSIS 42 2 RESEARCH METHODOLOGY 43 2.1 RESEARCH DATA 43 FIGURE 2 PROBIOTICS IN ANIMAL FEED MARKET: RESEARCH DESIGN 43 2.1.1 SECONDARY DATA 44 2.1.1.1 Key data from secondary sources 44 2.1.2 PRIMARY DATA 44 2.1.2.1 Key industry insights 45 2.1.2.2 Breakdown of primary interviews 46 FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 46 2.2 MARKET SIZE ESTIMATION 46 2.2.1 TOP-DOWN APPROACH 47 FIGURE 4 MARKET SIZE ESTIMATION – IDENTIFICATION OF TOP SUPPLIERS 47 FIGURE 5 PROBIOTICS IN ANIMAL FEED MARKET: SUPPLY SIDE CALCULATION 48 2.2.2 BOTTOM-UP APPROACH 48 FIGURE 6 MARKET SIZE ESTIMATION – REVENUE FROM SUPPLIERS 49 2.3 DATA TRIANGULATION 49 FIGURE 7 DATA TRIANGULATION 50 2.4 RECESSION IMPACT ON PROBIOTICS IN ANIMAL FEED MARKET 50 2.4.1 MACRO INDICATORS OF RECESSION 50 FIGURE 8 INDICATORS OF RECESSION 51 FIGURE 9 GLOBAL INFLATION RATE, 2011–2021 51 FIGURE 10 GLOBAL GDP, 2011–2021 (USD TRILLION) 52 FIGURE 11 RECESSION INDICATORS AND THEIR IMPACT ON PROBIOTICS IN ANIMAL FEED MARKET 53 FIGURE 12 PROBIOTICS IN ANIMAL FEED MARKET: EARLIER FORECAST VS RECESSION FORECAST 54 2.5 RESEARCH ASSUMPTIONS 55 2.6 RESEARCH LIMITATIONS AND ASSOCIATED RISKS 55 3 EXECUTIVE SUMMARY 56 TABLE 2 PROBIOTICS IN ANIMAL FEED MARKET SNAPSHOT, 2022 VS. 2028 57 FIGURE 13 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 57 FIGURE 14 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION) 58 FIGURE 15 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 58 FIGURE 16 PROBIOTICS IN ANIMAL FEED MARKET SHARE, BY REGION, 2022 (VALUE) 59 4 PREMIUM INSIGHTS 60 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET 60 FIGURE 17 RISE AWARENESS REGARDING ANIMAL HEALTH TO DRIVE PROBIOTICS IN ANIMAL FEED MARKET 60 4.2 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE AND COUNTRY 60 FIGURE 18 BACTERIA SEGMENT AND CHINA ACCOUNTED FOR SIGNIFICANT SHARE IN 2022 60 4.3 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM 61 FIGURE 19 DRY SEGMENT TO LEAD MARKET BY 2028 61 4.4 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK 61 FIGURE 20 POULTRY SEGMENT TO DOMINATE MARKET BY 2028 61 4.5 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE 62 FIGURE 21 BACTERIA SEGMENT TO DOMINATE MARKET BY 2028 62 5 MARKET OVERVIEW 63 5.1 INTRODUCTION 63 5.2 MACROECONOMIC INDICATORS 63 5.2.1 RISE IN PRODUCTION OF COMPOUND FEED 63 FIGURE 22 COMPOUND FEED PRODUCTION, 2012–2022 (MILLION METRIC TONNES) 64 5.2.2 GROWTH OPPORTUNITIES IN EMERGING ECONOMIES 64 FIGURE 23 GROSS DOMESTIC PRODUCT GROWTH RATE IN ASIAN COUNTRIES, 2020–2021 65 5.3 MARKET DYNAMICS 65 FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PROBIOTICS IN ANIMAL FEED MARKET 65 5.3.1 DRIVERS 66 5.3.1.1 Increased demand for animal protein and other livestock products 66 TABLE 3 PER CAPITA CONSUMPTION OF LIVESTOCK PRODUCTS 66 5.3.1.2 Pressure on feed productivity and feed conversion rate 67 5.3.1.3 Greater prevalence of disease outbreaks 67 5.3.2 RESTRAINTS 67 5.3.2.1 Non-standardized international quality regulations 67 5.3.3 OPPORTUNITIES 68 5.3.3.1 Abolition of antibiotic growth promoters (AGPs) 68 5.3.3.2 Innovations and technological advancements in feed industry 69 5.3.4 CHALLENGES 69 5.3.4.1 High R&D costs for developing new probiotic strains 69 5.3.4.2 High popularity of other feed additives 70 6 INDUSTRY TRENDS 71 6.1 INTRODUCTION 71 6.2 VALUE CHAIN ANALYSIS 71 6.2.1 RESEARCH & PRODUCT DEVELOPMENT 71 6.2.2 RAW MATERIAL SOURCING 71 6.2.3 PRODUCTION & PROCESSING 72 6.2.4 DISTRIBUTION 72 6.2.5 MARKETING & SALES 72 FIGURE 25 VALUE CHAIN ANALYSIS OF PROBIOTICS IN ANIMAL FEED MARKET 72 6.3 TECHNOLOGY ANALYSIS 73 6.3.1 BACTERIOPHAGES AS NEW SOURCE OF PROBIOTICS 73 6.3.2 PROBIOTICS IN FORM OF EFFERVESCENT TABLETS 73 6.4 PRICING ANALYSIS: PROBIOTICS IN ANIMAL FEED MARKET 73 6.4.1 AVERAGE SELLING PRICE, BY SOURCE 73 FIGURE 26 AVERAGE SELLING PRICES, BY SOURCE, 2020–2022 (USD/TON) 74 TABLE 4 PROBIOTICS IN ANIMAL FEED MARKET: AVERAGE SELLING PRICE, BY SOURCE, 2020–2022 (USD/TON) 74 TABLE 5 BACTERIA-BASED PROBIOTICS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON) 74 TABLE 6 YEAST/FUNGI-BASED PROBIOTICS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON) 75 6.5 ECOSYSTEM/MARKET MAP 75 6.5.1 DEMAND SIDE 75 6.5.2 SUPPLY SIDE 75 FIGURE 27 PROBIOTICS IN ANIMAL FEED MARKET MAP 76 TABLE 7 PROBIOTICS IN ANIMAL FEED MARKET: SUPPLY CHAIN (ECOSYSTEM) 76 FIGURE 28 PROBIOTICS IN ANIMAL FEED: ECOSYSTEM 78 6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 78 FIGURE 29 REVENUE SHIFT FOR PROBIOTICS IN ANIMAL FEED MARKET 79 6.7 PATENT ANALYSIS 79 FIGURE 30 NUMBER OF PATENTS GRANTED BETWEEN 2013 AND 2022 79 FIGURE 31 TOP TEN INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 80 FIGURE 32 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 80 TABLE 8 PATENTS PERTAINING TO PROBIOTICS IN ANIMAL FEED, 2021–2023 81 6.8 TRADE ANALYSIS 81 TABLE 9 TOP TEN IMPORTERS AND EXPORTERS OF LACTOBACILLUS, 2021 (KG) 81 6.9 KEY CONFERENCES AND EVENTS 82 TABLE 10 KEY CONFERENCES AND EVENTS, 2023–2024 82 6.10 TARIFFS AND REGULATORY LANDSCAPE 83 6.10.1 NORTH AMERICA 84 6.10.1.1 US 84 6.10.1.2 Canada 85 6.10.2 EUROPEAN UNION 85 6.10.3 ASIA PACIFIC 86 6.10.3.1 China 86 6.10.3.2 Japan 86 6.10.3.3 India 86 6.10.4 SOUTH AMERICA 87 6.10.4.1 Brazil 87 TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87 TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88 TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88 6.11 PORTER’S FIVE FORCES ANALYSIS 89 TABLE 14 PROBIOTICS IN ANIMAL FEED MARKET: PORTER’S FIVE FORCES ANALYSIS 89 6.11.1 INTENSITY OF COMPETITIVE RIVALRY 89 6.11.2 BARGAINING POWER OF SUPPLIERS 90 6.11.3 BARGAINING POWER OF BUYERS 90 6.11.4 THREAT OF SUBSTITUTES 90 6.11.5 THREAT OF NEW ENTRANTS 90 6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 91 6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 91 FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES 91 TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES OF PROBIOTICS IN ANIMAL FEED 91 6.12.2 BUYING CRITERIA 92 TABLE 16 PROBIOTICS IN ANIMAL FEED MARKET: KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 92 FIGURE 34 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 92 6.13 CASE STUDIES 93 6.13.1 ACQUISITION OF PROBIOTICS INTERNATIONAL LIMITED HELPED ADM EXPAND ITS OFFERINGS 93 6.13.2 LAUNCH OF ECOBIL FIZZ FOR CHICKENS HELPED EVONIK INDUSTRIES AG BROADEN POULTRY PRODUCT PORTFOLIO 93 7 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE 94 7.1 INTRODUCTION 95 TABLE 17 PROBIOTICS COMMONLY USED IN ANIMAL FEED 95 FIGURE 35 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD MILLION) 96 TABLE 18 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 97 TABLE 19 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 97 TABLE 20 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 97 TABLE 21 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 97 7.2 BACTERIA 98 7.2.1 HIGH COMMERCIALIZATION AND BETTER BILE RESISTANCE AS COMPARED TO YEAST 98 TABLE 22 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 98 TABLE 23 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 99 TABLE 24 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (KT) 99 TABLE 25 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (KT) 99 TABLE 26 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2019–2022 (USD MILLION) 100 TABLE 27 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2023–2028 (USD MILLION) 100 7.2.2 LACTOBACILLI 100 7.2.3 BIFIDOBACTERIUM 101 7.2.4 STREPTOCOCCUS THERMOPHILUS 101 7.3 YEAST & FUNGI 102 7.3.1 HIGH RATE OF PRODUCT INNOVATIONS AND ONGOING RESEARCH 102 TABLE 28 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 102 TABLE 29 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 103 TABLE 30 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (KT) 103 TABLE 31 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (KT) 103 TABLE 32 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2019–2022 (USD MILLION) 104 TABLE 33 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2023–2028 (USD MILLION) 104 7.3.2 SACCHAROMYCES CEREVISIAE 104 7.3.3 SACCHAROMYCES BOULARDII 104 7.3.4 OTHER YEAST & FUNGI SOURCES 105 8 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK 106 8.1 INTRODUCTION 107 TABLE 34 BENEFITS ASSOCIATED WITH ADMINISTRATION OF PROBIOTICS IN ANIMAL FEED 107 FIGURE 36 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD MILLION) 108 TABLE 35 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 108 TABLE 36 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 109 8.2 POULTRY 109 8.2.1 RAPID DEMAND AND GROWTH OF POULTRY MEAT 109 TABLE 37 BACTERIAL STRAINS USED IN MANUFACTURE OF PROBIOTICS FOR POULTRY 110 TABLE 38 POULTRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 110 TABLE 39 POULTRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 110 8.3 SWINE 111 8.3.1 HIGH PORK CONSUMPTION IN ASIAN COUNTRIES 111 TABLE 40 PROBIOTIC MICROORGANISMS COMMONLY USED IN SWINE FEED 111 TABLE 41 SWINE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 112 TABLE 42 SWINE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 112 8.4 RUMINANTS 112 8.4.1 HIGH PER CAPITA CONSUMPTION OF BEEF AND GLOBAL RISE IN DEMAND FOR DAIRY PRODUCTS 112 TABLE 43 RUMINANTS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 113 TABLE 44 RUMINANTS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 113 8.5 AQUACULTURE 114 8.5.1 SUBSTANTIAL RISE IN GLOBAL AQUACULTURE FEED TONNAGE 114 TABLE 45 APPLICATION OF PROBIOTICS IN AQUACULTURE 114 TABLE 46 AQUACULTURE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 115 TABLE 47 AQUACULTURE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 116 8.6 PETS 116 8.6.1 SURGE IN PET OWNERSHIP IN NORTH AMERICA AND EUROPE 116 TABLE 48 PETS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 116 TABLE 49 PETS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 117 8.7 OTHER LIVESTOCK 117 TABLE 50 OTHER LIVESTOCK: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 117 TABLE 51 OTHER LIVESTOCK: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 118 9 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM 119 9.1 INTRODUCTION 120 FIGURE 37 DRY FORM TO DOMINATE MARKET DURING FORECAST YEAR (USD MILLION) 120 TABLE 52 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 120 TABLE 53 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 121 9.2 DRY 121 9.2.1 BETTER FEED EFFICIENCY AND COST OPTIMIZATION 121 TABLE 54 DRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 121 TABLE 55 DRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 122 9.3 LIQUID 122 9.3.1 ENHANCED PROBIOTIC STRAINS VIABILITY AND FEED TEXTURE UNIFORMITY 122 TABLE 56 LIQUID: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 122 TABLE 57 LIQUID: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 123 10 PROBIOTICS IN ANIMAL FEED MARKET, BY FUNCTION 124 10.1 INTRODUCTION 124 10.2 NUTRITION 124 10.3 GUT HEALTH 125 10.4 YIELD 125 10.5 IMMUNITY 125 10.6 PRODUCTIVITY 126 11 PROBIOTICS IN ANIMAL FEED MARKET, BY DISTRIBUTION CHANNEL 128 11.1 INTRODUCTION 128 11.2 DIRECT SALES TO DISTRIBUTORS 128 11.3 DIRECT SALES TO LIVESTOCK GROWERS AND FEED INTEGRATORS 129 11.4 OTHER DISTRIBUTION CHANNELS 129 12 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION 130 12.1 INTRODUCTION 131 FIGURE 38 PROBIOTICS IN ANIMAL FEED MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 131 TABLE 58 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 132 TABLE 59 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 132 TABLE 60 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (KT) 132 TABLE 61 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (KT) 133 12.2 NORTH AMERICA 133 12.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 133 FIGURE 39 NORTH AMERICA: INFLATION RATE, BY KEY COUNTRY, 2018–2021 134 FIGURE 40 NORTH AMERICA: RECESSION IMPACT ANALYSIS 134 FIGURE 41 NORTH AMERICA: MARKET SNAPSHOT 135 TABLE 62 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 135 TABLE 63 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 136 TABLE 64 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 136 TABLE 65 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 136 TABLE 66 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 136 TABLE 67 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 137 TABLE 68 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 137 TABLE 69 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 137 TABLE 70 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 138 TABLE 71 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 138 12.2.2 US 138 12.2.2.1 High demand for animal-based protein and rise in pet ownership 138 TABLE 72 US: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 139 TABLE 73 US: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 139 TABLE 74 US: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 139 TABLE 75 US: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 139 12.2.3 CANADA 139 12.2.3.1 Modernization of dairy industry and rise in layer feed production 139 TABLE 76 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 140 TABLE 77 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 140 TABLE 78 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 140 TABLE 79 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 140 12.2.4 MEXICO 141 12.2.4.1 Strengthening feed industry, surging meat exports, and high demand for poultry products 141 TABLE 80 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 141 TABLE 81 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 141 TABLE 82 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 141 TABLE 83 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 142 12.3 EUROPE 142 12.3.1 EUROPE: RECESSION IMPACT ANALYSIS 142 FIGURE 42 EUROPE: INFLATION RATE, BY KEY COUNTRY, 2018–2021 143 FIGURE 43 EUROPE: RECESSION IMPACT ANALYSIS 143 TABLE 84 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 144 TABLE 85 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 144 TABLE 86 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 144 TABLE 87 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 145 TABLE 88 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 145 TABLE 89 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 145 TABLE 90 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 145 TABLE 91 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 146 TABLE 92 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 146 TABLE 93 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 146 12.3.2 GERMANY 147 12.3.2.1 Higher meat production in commercial slaughterhouses 147 TABLE 94 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 147 TABLE 95 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 147 TABLE 96 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 147 TABLE 97 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 148 12.3.3 UK 148 12.3.3.1 Increased health awareness and consumption of dairy products 148 TABLE 98 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 148 TABLE 99 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 148 TABLE 100 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 149 TABLE 101 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 149 12.3.4 FRANCE 149 12.3.4.1 High compound feed production and strong regulations 149 TABLE 102 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 150 TABLE 103 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 150 TABLE 104 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 150 TABLE 105 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 150 12.3.5 ITALY 151 12.3.5.1 Growth of pet food premium products and high animal feed consumption 151 TABLE 106 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 151 TABLE 107 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 151 TABLE 108 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 151 TABLE 109 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 152 12.3.6 SPAIN 152 12.3.6.1 Greater demand for meat and dairy products 152 TABLE 110 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 152 TABLE 111 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 152 TABLE 112 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 153 TABLE 113 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 153 12.3.7 RUSSIA 153 12.3.7.1 Robust feed industry coupled with rise in demand for poultry and dairy products 153 TABLE 114 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 153 TABLE 115 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 154 TABLE 116 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 154 TABLE 117 RUSSIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 154 12.3.8 REST OF EUROPE 154 TABLE 118 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 155 TABLE 119 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 155 TABLE 120 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 155 TABLE 121 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 155 12.4 ASIA PACIFIC 156 12.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 156 FIGURE 44 ASIA PACIFIC: INFLATION RATE, BY KEY COUNTRY, 2018–2021 156 FIGURE 45 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 157 FIGURE 46 ASIA PACIFIC: MARKET SNAPSHOT 158 TABLE 122 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION) 159 TABLE 123 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION) 159 TABLE 124 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 159 TABLE 125 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 160 TABLE 126 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 160 TABLE 127 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 160 TABLE 128 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 160 TABLE 129 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 161 TABLE 130 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 161 TABLE 131 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 161 12.4.2 CHINA 162 12.4.2.1 Rapid urbanization and rising demand for livestock 162 TABLE 132 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 162 TABLE 133 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 162 TABLE 134 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 163 TABLE 135 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 163 12.4.3 INDIA 163 12.4.3.1 Large cattle population and demand for feed additives 163 TABLE 136 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 164 TABLE 137 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 164 TABLE 138 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 164 TABLE 139 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 164 12.4.4 JAPAN 165 12.4.4.1 Increase in demand for premium-quality animal products 165 TABLE 140 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 165 TABLE 141 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 165 TABLE 142 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 166 TABLE 143 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 166 12.4.5 AUSTRALIA & NEW ZEALAND 166 12.4.5.1 Growth in demand for organic and free-range products 166 TABLE 144 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 167 TABLE 145 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 167 TABLE 146 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 167 TABLE 147 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 167 12.4.6 REST OF ASIA PACIFIC 168 TABLE 148 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 168 TABLE 149 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 168 TABLE 150 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 168 TABLE 151 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 169 12.5 SOUTH AMERICA 169 12.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 169 FIGURE 47 SOUTH AMERICA: INFLATION RATE, BY KEY COUNTRY, 2018–2021 170 FIGURE 48 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 170 TABLE 152 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 171 TABLE 153 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 171 TABLE 154 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 171 TABLE 155 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 171 TABLE 156 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 172 TABLE 157 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 172 TABLE 158 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 172 TABLE 159 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 173 TABLE 160 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 173 TABLE 161 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 173 12.5.2 BRAZIL 174 12.5.2.1 Substantial demand for good quality meat in domestic and international markets 174 TABLE 162 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 174 TABLE 163 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 174 TABLE 164 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 175 TABLE 165 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 175 12.5.3 ARGENTINA 175 12.5.3.1 High per capita beef consumption and thriving livestock industry 175 TABLE 166 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 176 TABLE 167 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 176 TABLE 168 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 176 TABLE 169 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 176 12.5.4 REST OF SOUTH AMERICA 177 TABLE 170 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 177 TABLE 171 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 177 TABLE 172 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 177 TABLE 173 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 178 12.6 REST OF THE WORLD 178 12.6.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS 178 FIGURE 49 REST OF THE WORLD: INFLATION RATE, BY SUBREGION, 2018–2021 179 FIGURE 50 REST OF THE WORLD PROBIOTICS IN ANIMAL FEED MARKET: RECESSION IMPACT ANALYSIS 179 TABLE 174 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2019–2022 (USD MILLION) 179 TABLE 175 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2023–2028 (USD MILLION) 180 TABLE 176 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 180 TABLE 177 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 180 TABLE 178 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (KT) 180 TABLE 179 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (KT) 181 TABLE 180 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2019–2022 (USD MILLION) 181 TABLE 181 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2023–2028 (USD MILLION) 181 TABLE 182 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 182 TABLE 183 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 182 12.6.2 AFRICA 182 12.6.2.1 Well-developed livestock industry coupled with growing meat consumption 182 TABLE 184 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 183 TABLE 185 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 183 TABLE 186 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 183 TABLE 187 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 183 12.6.3 MIDDLE EAST 184 12.6.3.1 High consumption of beef to fuel market 184 TABLE 188 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2019–2022 (USD MILLION) 184 TABLE 189 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2023–2028 (USD MILLION) 184 TABLE 190 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2019–2022 (USD MILLION) 184 TABLE 191 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2023–2028 (USD MILLION) 185 13 COMPETITIVE LANDSCAPE 186 13.1 OVERVIEW 186 13.2 MARKET SHARE ANALYSIS 186 TABLE 192 PROBIOTICS IN ANIMAL FEED MARKET: DEGREE OF COMPETITION (COMPETITIVE) 187 13.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 187 FIGURE 51 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION) 187 13.4 KEY PLAYERS ANNUAL REVENUE VS GROWTH 188 FIGURE 52 ANNUAL REVENUE, 2022 (USD BILLION) VS REVENUE GROWTH, 2020–2022 188 13.5 KEY PLAYERS EBIDTA 188 FIGURE 53 EBIDTA, 2022 (USD BILLION) 188 13.6 KEY PLAYER STRATEGIES 189 TABLE 193 STRATEGIES ADOPTED BY KEY PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET 189 13.7 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 191 FIGURE 54 GLOBAL SNAPSHOT OF KEY PARTICIPANTS, 2022 191 13.8 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 191 13.8.1 STARS 192 13.8.2 EMERGING LEADERS 192 13.8.3 PERVASIVE PLAYERS 192 13.8.4 PARTICIPANTS 192 FIGURE 55 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 193 13.9 PROBIOTICS IN ANIMAL FEED MARKET: PRODUCT FOOTPRINT (KEY PLAYERS) 194 TABLE 194 COMPANY FOOTPRINT, BY SOURCE 194 TABLE 195 COMPANY FOOTPRINT, BY LIVESTOCK 195 TABLE 196 COMPANY FOOTPRINT, BY REGION 196 TABLE 197 OVERALL COMPANY FOOTPRINT 197 13.10 COMPANY EVALUATION QUADRANT (STARTUPS/SMES) 198 13.10.1 PROGRESSIVE COMPANIES 198 13.10.2 STARTING BLOCKS 198 13.10.3 RESPONSIVE COMPANIES 198 13.10.4 DYNAMIC COMPANIES 198 FIGURE 56 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES) 199 13.10.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 200 TABLE 198 PROBIOTICS IN ANIMAL FEED MARKET: DETAILED LIST OF KEY STARTUPS/SMES 200 TABLE 199 PROBIOTICS IN ANIMAL FEED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 201 13.11 COMPETITIVE SCENARIO 202 13.11.1 NEW PRODUCT LAUNCHES 202 TABLE 200 PROBIOTICS IN ANIMAL FEED MARKET: NEW PRODUCT LAUNCHES, 2019–2021 202 13.11.2 DEALS 203 TABLE 201 PROBIOTICS IN ANIMAL FEED MARKET: DEALS, 2018–2021 203 13.11.3 OTHERS 204 TABLE 202 PROBIOTICS IN ANIMAL FEED MARKET: OTHERS, 2019 204
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