Covid-19 to Temporarily Stall the Animal Feed Probiotics Market, Call for Nutrition to Drive it in the Long Run
As per a report available on XploreMR, the global animal feed probiotics market is expected to overshoot the arithmetic progression curve between 2020 and 2030.
The current scenario is such that animal food is supplemented with probiotics so as to gain immunity by getting away with harmful pathogens. These probiotics are both – non-bacterial and bacterial. Non-bacterial probiotics include yeast and fungus like Candida Pintolopessi, Aspergillus oryzae, etc., whereas the bacterial probiotics are inclusive of Streptococcus, Pediococcus, Lactobacillus, Bifidobacterium, etc. Growing awareness about the benefits of intake of probiotics (harmless micro-organisms like fungi and bacteria) is driving the animal feed probiotics market.
Streaming the “Happenings”
Animal feed probiotics find their presence in poultry feeding and swine feeding. Coming to Livestock, the animal feed probiotics market comprises cattle feed, pet feed, pultry feed, and swine feed. In the year 2018, ACO (Australian Certified Organization) conferred “Organic Certification” upon “Lellemand” probiotic product. This goes to show that yeast derivatives and probiotics have been recognized as scientifically-proven alternatives with regards to antibiotics and are being used in the Europe, US, and Australia at large.
Animal feed probiotics are usually preferred in powdered form owing to advantages like ease of storage and transportation, as against liquid probiotics that need specialized facilities with respect to transportation and storage.
Additionally, the “livestock” sector is undergoing stupendous pressure for meeting the ever-increasing demand for the animal products of higher value. The consumers are turning out to be more health-conscious and emphasizing on the diets rich in nutrition, which are bound to come only through enriched feed products provided to livestock.
It is a known fact that livestock products like eggs, milk, and meat are rich in vitamins, zinc, and iron. With animal feed probiotics fed to livestock, the purity of these nutrients is bound to increase as they help a great deal in maintenance of microbial flora in the animals’ intestinal tract. The other benefits include treating irritable bowel syndrome, infectious diarrhoea, and inflammatory bowel disease effectively. On the whole, the animal products’ quality gets improved, which, in turn, is expected to boost the animal feed probiotics market.
Animal Feed Probiotics Market Challenges
The use of numerous feed additives in the animal feed products are regulated by the National Health Surveillance Agency, NHPD (Natural Health Product Directorate), APVMA (Australian Pesticides and Veterinary Medicines Authority), EFSA (European Food Safety Authority), EC (European Commission), WHO, The US CVM (Center of Veterinary Medicine), and the US FDA.
The regulations related to animal feed probiotics are becoming stringent day after day. The US (in 2009) and the European Union (in 2006) did impose a ban on usage of antibiotics in the form of growth promoters in animals. However, countries like China and Brazil that do export meat products to the US and Europe are not subject to these regulations. This disparity causes rift in the meat trade at global level between developing and developed economies. This challenge needs to be addressed amicably.
As such, in future, the Asia-Pacific is expected to be the torchbearer, as the rules and regulations are not strictly enforced.
The outbreak of Covid-19 has resulted in decline in the animal feed probiotics market for the time being as people are turning towards vegetarianism to avoid further damage. The year 2021 is likely to bring some hopes on this count with Covid-19 vaccine in place.
The key players in the animal feed probiotics market include Nebraska Cultures, Inc., Nestle S.A., General Mills, Inc., Royal DSM N.V., Lallemend Health Co. Ltd., Yakult Honsha Co., Ltd., Epicore BioNEtworks Inc., Arla Foods, United Tech Inc., Fritz Industries, Inc., Specialty Enzymes & Biotechnologies Co., Mother Dairy, Groupe Danone, and Aquabio Environmental Technologies, Inc.
Animal Feed Probiotics Market: Scope of the Report
Animal Feed Probiotics market is anticipated to witness a notable upsurge during the forecast period 2020 to 2030, conferring to a new XploreMR study. The study promotes crucial trends that are presently determining the growth of animal feed probiotics market. This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of animal feed probiotics market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of animal feed probiotics.
Animal feed probiotics market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of animal feed probiotics market. The report primarily conveys a summary of the animal feed probiotics market, considering present and upcoming feed products industry scenarios, to reveal striking sides relating to the acceptance of animal feed probiotics across prominent regional markets.
A detailed assessment on few of animal feed probiotics raw material suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from animal feed probiotics supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report. A list of prominent companies functioning in animal feed probiotics market provided in the report enhances reliability of this ample research study.
Animal Feed Probiotics Market: Report Summary
Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in animal feed probiotics market across the globe.
A comprehensive estimate on animal feed probiotics market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of animal feed probiotics during the forecast period. Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.
Animal Feed Probiotics Market: Segmentation
XploreMR’s study has done the segmentation of animal feed probiotics market on the basis of base source, animals, forms, sales channel and region.
Animal Feed Probiotics Market: Analysis on Market Size Evaluation
Predictions of animal feed probiotics market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at the regional and global scale for animal feed probiotics are available in terms of value “US$ Mn” and volume “Tons”. A Y-o-Y growth contrast on prominent animal feed probiotics market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on animal feed probiotics ingredients where animal feed probiotics witness a steady demand.
Animal Feed Probiotics Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on animal feed probiotics market, which delivers projection on the regional markets. These chapters brighten the regional macros (political economic, and business environment outlook), which are expected to have a significant impact on the growth of animal feed probiotics market during period of forecast.
Country-specific valuation on demand for animal feed probiotics soup has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries. For all regional markets Y-o-Y growth estimates have also been incorporated in the report.
Animal Feed Probiotics Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of animal feed probiotics market, along with the profiles of major companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of animal feed probiotics, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.
Company profiles have been shared with report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized along with the company policies identification and analysis. The company presence mapped and presented through the matrix for all the prominent players of the market functioning in animal feed probiotics market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in animal feed probiotics market. Major companies operating in global animal feed probiotics market, include Alltech, Inc, Fine Organics Industries Private Ltd , Lasenor Emul, S.L, E. I. du Pont de Nemours and Company, Evonik Industries AG, Adisseo France SAS, Koninklijke DSM N.V., Lallemand Inc and several others
Impact of Covid-19 on Animal Feed Probiotics Market
The report includes a scenario based assessment of impact of Covid-19 across key regions for all four quarters of 2020. The report discusses the market forecast under optimistic, probabilistic and pessimistic scenario. Under the three scenarios, the demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the Covid-19 impact has been benchmarked with previous crisis including sub-prime crisis, Eurozone crisis and SARS pandemic.
Animal Feed Probiotics Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030Buy Now
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