Poultry Probiotics Market worth over USD 1.8bn by 2024

Date of publication : 5/19/2017
Source : www.gminsights.com
The industry report “Poultry Probiotics Market Size By Product (Lactobacilli, Bifidobacterium, Streptococcus, Bacillus), By Application (Broilers, Layers, Turkeys, Breeders, Chicks & Poults), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Spain, China, India, Japan, South Korea, Australia, Thailand, Malaysia, Brazil, Saudi Arabia, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc. says Poultry Probiotics Market share is slated to reach USD 1.8 billion by 2024.
Shift in preferences towards using NGPs (natural growth promoters) for livestock farming with regulatory sanctions on AGPs will fuel poultry probiotics market size. Growth in meat & meat products demand due to consumer inclination towards consuming ready-to-eat processed products should drive industry demand.
Supporting regulatory norms led by FDA regarding GRAS approval of probiotics along with China promoting product research and product development in feed products for animal nutrition is likely to stimulate industry growth.
Germany poultry probiotics market size for layers should witness gains at above 6.5% by 2024. Strict regulatory guidelines by EU Commission regarding antibiotics ban due to bioaccumulation causing resistance to medical antibiotics in animals as well as humans thereby stimulating industry growth in this region. The industry is gaining importance owing to technological and product innovations in this sector which should contribute towards regional growth.
Bacillus based poultry probiotics market size should grow significantly to surpass USD 100 million at the end of forecast period. These are widely used in feed products for broiler chicken due to its potential in decreasing cost and concentration of animal feed. Bacillus spores are biocompatible, stable and easily available thereby promoting its use in animal nutrition products.
Key feedstock includes Lactobacilli, Bacillus, Streptococcus and Bifidobacterium. These are live bacteria which are hard to maintain and test which is likely to challenge industry profitability. Standardization issue and technological limitations are major limiting factors.
U.S. poultry probiotics demand for streptococcus may exceed USD 25 million at the end of 2024. Streptococcus plays a key role as growth promoter which helps in increasing the animal weight and enhancing feed efficiency. Prominently used streptococcus strains include S. cristatus, S. thermophiles, and S. faecium.
India poultry probiotics market size from broilers application should gain above 8%. Growing meat consumption due to disease outbreaks along with government initiatives to promote agribusiness and animal nutrition products will boost regional industry growth.
Poultry probiotics market size from poult & chick applications may witness gains at above 6%. Chick & poults need these products to improve gut health and microflora which would improve their immune systems. Prolong exposure towards contaminated environment may cause infections in new born chickens which can be prevented by probiotics which supply complete nutrition and promote digestive metabolism thereby maintaining livestock health.
Global poultry probiotics market share is competitive and moderately consolidated. DuPont, Chr. Hansen, Kemin, Novozymes, Lallemand, DSM Evonik, Novus, Biomin, Adddiseo and Prowel are some companies active in this market.
Browse key industry insights spread across 175 pages with 157 market data tables & 23 figures & charts from this 2017 report Poultry Probiotics Market in detail along with the table of contents:
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