Global Lactobacillus Probiotic Ingredient for Animal Market-Global Industry Trends & Forecast to 2029
ü Feed probiotics are probiotics (beneficial microorganisms) that are incorporated into base mixes and compound forms, with end products including premix producers, farmers, compound feed producers, and base mix and concentrate producers.
ü The International Feed Industry Federation (IFIF) reports that global annual compound feed production has surpassed 1 billion tonnes.
ü The high production of compound feed in developing countries, as well as the widespread use of feed ingredients such as probiotics in animal feed, are expected to drive probiotic demand in the animal feed market.
ü Data Bridge Market Research analyses that the lactobacillus probiotic ingredient for the animal market which was valued at 0.942 billion in 2021 and is expected to reach the value of USD 1.47 billion by 2029, at a CAGR of 5.7% during the forecast period.
ü In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis, and consumer behavior.
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Global Lactobacillus Probiotic Ingredient for Animal Market-Market Scope and Market Size
The lactobacillus probiotic ingredient for the animal market is analyzed and market size insights and trends are provided by country livestock, source, and form as referenced above.
The countries covered in the lactobacillus probiotic ingredient for the animal market report are the U.S., Canada, and Mexico in North America, Germany, France, the U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the lactobacillus probiotic c ingredient for the animal industry as a result of the province's burgeoning market for meat commodities. Increased customer awareness of the depletion of protein-rich commodities is also fuelling the increase in geographical demand.
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Global Lactobacillus Probiotic Ingredient for Animal Market-Market Scope and Market Size
Lactobacillus probiotic ingredient for animal market is segmented on the basis of livestock, source and form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Livestock
· Poultry
· Ruminants
· Swine
· Aquaculture
· Pets
Source
· Bacteria
· Yeast
Form
· Dry
· Liquid
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Global Lactobacillus Probiotic Ingredient for Animal Market – Industry Trends and Forecast to 2029
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