https://www.databridgemarketresearch.com/reports/global-probiotics-in-animal-feed-market

The global probiotics in animal feed market share is expected to reach USD 6.24 billion by the end of 2026, exhibiting a CAGR of 7.30% during the forecast. The rising awareness among cattle and pet owners regarding the benefits of probiotics on livestock’s overall performance is one of the key factors fostering the growth of the market in the forthcoming years, says Fortune Business Insights™ in a report, titled “Probiotics in Animal Feed Market Size, Share and Industry Analysis By Microbial Genus (Lactobacillus, Bifidobacterium, Yeast, and other microbes), By Application (Ruminant, Poultry, Swine, Aquaculture, Others), and Regional Forecast 2019-2026” the market size stood at USD 3.56 billion in 2018. The increasing consumption of animal-derived products along with clean-label requirement by cattle owners will facilitate the growth of the market in the foreseeable future. According to the report, the market by microbial genus is divided into Lactobacillus and Bifidobacterium, yeast, and other microbes. Lactobacillus and Bifidobacterium are expected to account for the highest share in the market owing to their extensive use in the majority of probiotics in animal feed. Furthermore, bacterial strains are proven to be sustainable and viable alternatives to antibiotic growth promoters. Besides, the use of yeast and other fungi has also gained popularity and is likely to grow considerably during the forecast period. For instance, Saccharomyces cerevisiae supports the adequate build-up of protein in the animals; they have also exhibited immunostimulatory activity in farm animals apart from improving the digestive physiology. The report provides an all-encompassing summary of all the prevailing trends of the probiotics in animal feed market. It offers profound insights into all the segments and shares analytical statistics on the geographical aspect of the market. It is created after extensive research followed by wide-ranging analysis to support companies, stakeholders, financers, and potential investors. The report aims to deliver a vibrant illustration of the market size. Additionally, it also covers the latest advancement and development, product launches, acquisitions, collaborations & partnerships, and others Some of the Major Companies in the Probiotics in Animal Feed Market are: Hansen A/S Danisco A/S Koninklijke DSM N.V. Lallemand Inc. Calpis Co Provita Eurotech Ltd Orffa International Holding B.V. BIOMIN Holding GmbH Novus International Inc. Evonik Industries Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/industry-reports/probiotics-in-animal-feed-market-101018