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The Probiotics In Animal Feed Global Market Report 2023 by The Business Research Company, provides probiotics in animal feed market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with The Business Research Company's Probiotics In Animal Feed Global Market Report for 2023, the expansive landscape of the global probiotics in animal feed sector exhibited a commendable ascent. The market, having burgeoned from $4.26 billion in 2022 to a robust $4.62 billion in 2023, reflects a noteworthy compound annual growth rate (CAGR) of 8.6%. However, the intricate dynamics of the Russia-Ukraine conflict have cast a temporary shadow over the global economic recovery from the COVID-19 pandemic. This geopolitical upheaval precipitated economic sanctions, heightened commodity prices, and intricate supply chain disruptions, fostering inflationary pressures across diverse goods and services markets on a global scale.
Anticipating the future trajectory, the market for probiotics in animal feed is poised to further evolve, projecting a market size of $6.35 billion in 2027, underpinned by a CAGR of 8.2%. An instrumental catalyst in this evolution is the escalating demand for eggs and poultry meat, intricately woven into the fabric of rising population trends, augmented purchasing power, and the relentless march of urbanization. Heightened consciousness regarding the nutritional richness and protein content inherent in eggs and meat is instrumental in propelling this demand. Probiotics, strategically incorporated as additives in poultry feed formulations, function as a prophylactic shield, ensuring the health and immunity of poultry farm animals. This fortification translates into heightened productivity, yielding a bountiful supply of eggs and meat to satiate the burgeoning global demand.
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The probiotics in animal feed market is segmented:
1) Probiotics In Animal Feed Market By Form Type: Dry, Liquid
2) Probiotics In Animal Feed Market By Source Type: Bacteria, Yeast and Fungi
3) Probiotics In Animal Feed Market By Application Type: Cattle, Poultry, Swine, Aquaculture, Other Applications
Partnerships and collaborative endeavors have emerged as a pivotal trend within the burgeoning landscape of probiotics in the animal feed market. Recognizing the significance of strategic alliances, companies operating in this sector are directing their efforts towards forging partnerships with pertinent technology enterprises. The primary objective is to amplify their scope of product development initiatives and augment their market presence. A notable illustration of this trend unfolded in September 2020 when Proteon Pharmaceuticals, a distinguished biotechnology entity based in Poland, joined forces with DuPont Animal Nutrition. This synergistic alliance leverages DuPont's esteemed brand reputation to facilitate widespread accessibility of Proteon's cutting-edge bacteriophage technology, particularly benefiting poultry producers in specific regions. Beyond fortifying Proteon's distribution capabilities and enriching DuPont's product portfolio, the collaboration is poised to contribute significantly to the ongoing global imperative of mitigating antimicrobial resistance (AMR) in farm animals. DuPont Animal Nutrition, a stalwart in biotechnological research, specializes in the production of a diverse array of feed enzymes, betaine, phytogenics, and probiotics, thereby fostering innovation and sustainable practices within the industry.
The probiotics in animal feed market report table of contents includes:
1. Executive Summary
2. Probiotics In Animal Feed Market Characteristics
3. Probiotics In Animal Feed Market Trends And Strategies
4. Probiotics In Animal Feed – Macro Economic Scenario
5. Probiotics In Animal Feed Market Size And Growth
.....
26. Africa Probiotics In Animal Feed Market
27. Probiotics In Animal Feed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Probiotics In Animal Feed Market
29. Probiotics In Animal Feed Market Future Outlook and Potential Analysis
30. Appendix
Read Related Reports:
https://www.thebusinessresearchcompany.com/report/medical-feed-additives-global-market-report
https://www.thebusinessresearchcompany.com/report/probiotics-global-market-report
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A detailed study by Fact.MR on the Animal Feed Probiotics market provides an in-depth evaluation of various growth drivers, trends, and opportunities, the prevailing regulatory landscape in various regions, and the competitive scenario amidst the COVID-19 pandemic.
The report provides insight into the major drivers and key restraining factors, emerging trends, and sources of new revenue streams over the assessment period.
To make a granular assessment of the current and projected opportunities and revenues, the report segments the Animal Feed Probiotics market on the basis of region, end-user/application, and product/service/offering type.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=2891Regional Assessments: The study identifies key opportunities in different key regions.
It provides insights into key trends and favorable macroeconomic frameworks in prominent revenue-generating regions.
It provides a detailed scenario of the existing demand and consumption patterns of various key product types.
