August 20, 2019
Worldwide poultry probiotic ingredients market is anticipated to cross US $125 million by the year 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
The poultry probiotic ingredients are known to improve health of poultry animals by enhancing the performance of gastrointestinal tract and balancing microbial growth. The rising awareness about animal health among the farmers and the need to maintain optimum nutrition in animal product will boost the demand for poultry probiotic ingredients. Moreover, the growing inclination of consumers towards nutrition-rich eggs and meat will propel the poultry probiotic ingredients market growth.
The food regulatory bodies like EU Commission and FDA have defined favorable guidelines for use of poultry probiotic ingredients such as GRAS Approval and EU registration. As awareness regarding the disease outbreak is increasing, the poultry businessman and farmers are adopting the product to prevent diseases and maintain animal health, thereby fueling the poultry probiotic ingredients market growth.
Based on the product type, Lactobacillus market segment is presumed to grow at 6.5% over the forecast period owing to its ability to improve chicken meat by enhancing competitive exclusion & colonization resistance and amplifying immunity in the chicken when added to the feed.
Additionally, bifidobacterium market was valued at US $20 million in 2018 pertaining to its use as feed additive to improve immunity and promote growth in animals. It is considered as a beneficial bacteria and is known to aid microbial balance in host animal. The need for maintaining poultry animal health will encourage the product demand among feed manufacturers and farmers in the upcoming years.
According to the study, poultry probiotic ingredients market from broiler application was worth US $50 million in the year 2018 and is expected to grow further over the forecast period. The product is used as a replacement for antibiotics and promotes growth & weight gain in broiler chicken.
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In terms of regional contribution, North America poultry probiotic ingredients market is estimated to accrue more than US $35 million over the forecast period. The regional growth is led by the United States and Canada owing to increasing intake of protein in diet and growing number of restaurants in the region.
Moreover, Europe region is driven by Germany and UK. The regional poultry probiotic ingredients market is predicted to witness 6% gains by 2025 owing to increasing R&D expenditure and need for superior quality feed, in consort with rising consumer demand for tasteful and quality meat products, cites the report.
The leading players of poultry probiotic ingredient market profiled in the report include Chr. Hansen Holding A/S, Novus International, Inc., Lactina Ltd., Lallemand, Inc., Biomin Holding GmbH, Intvet Products Mfg Co., DuPont Danisco, Polchem Hygiene Laboratories Pvt. Ltd., Adisseo France SAS, and Evonik Industries AG, among others.