Animal Feed Probiotics Market Projected to Hit $6.07 Billion by 2029

Meticulous Research®, a leading global market research company, has released an in-depth report titled, "Animal Feed Probiotics Market by Source (Bacteria [Lactobacillus, Bifidobacterium, Streptococcus thermophilus, Bacillus]), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animals), Form (Liquid), and Geography – Global Forecast to 2029."
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According to this latest report, the animal feed probiotics market is projected to reach $6.07 billion by 2029, growing at a CAGR of 7.1% from 2022 to 2029. This growth is driven by the increasing demand for animal protein, the shift towards probiotics as alternatives to antibiotics, rising instances of intestinal disorders in livestock, and the surge in compound feed production.
The report highlights several key factors shaping the market:
1. Rising Demand for Natural Growth Promoters: The shift towards natural growth promoters opens up lucrative opportunities for market players.
2. Regulatory Challenges: Complex regulations surrounding the use of probiotics in animal feed pose a significant challenge to market growth.
The market is segmented by source (bacteria, yeast), animal type (poultry, ruminants, swine, aquaculture, pets, other animals), and form (liquid, dry). The report also provides a competitive analysis of industry players and examines the market at regional and country levels.