The Report “Global Probiotics in Animal Feed Market by Bacteria (Lactobacilli, Streptococcus Thermophiles, Bifidobacteria, Others), by Livestock (Cattle Feed, Poultry Feed, Swine Feed, Pet Food), by Geography – Analysis & Forecast to 2019” is estimated to grow $4.40 billion by 2019, at a CAGR of 7.7% from 2014 to 2019.
Browse through the TOC of the Global Probiotics in Animal Feed Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The worldwide economic downturn has had limited effects on the global meat and milk markets, which have maintained a positive outlook. The highest growth for meat consumption is expected from the Asia-Pacific and Latin American regions in the coming years, mainly owing to the changing dietary patterns, urbanization, population, and economic growth. For example, the demand for meat in China continues to surpass the domestic supply. Countries such as India and Brazil are among the world’s fastest-growing economies, with the rise in per capita income expected to shift dietary preferences towards protein-rich diets. However, meat consumption patterns will remain significantly different in various parts of the world, owing to cultural, religious, and other consumer preferences in different countries.
The Asia-Pacific region is the largest market for probiotics in animal feed, globally. The region constituted 32.1% of the global market in 2014 and offers high growth potential for producers of probiotics for animal feed. Asia-Pacific has been steadily progressing due to high awareness about probiotics in animal feed due to increased consumer concern about the preventive healthcare for livestock. The average income level of people in Asia-Pacific is rising, which has led to the increased expenditure on feed with added ingredients such as probiotics.
The global probiotics in animal feed market has been segmented and projected on the basis of bacteria, livestock, and geography. On the basis of livestock, the market has been segmented into cattle feed, poultry feed, swine feed, and pet food. The major bacteria considered in the market analysis are Lactobacilli, Bifidobacteria, and Streptococcus Thermophiles, among others. North America, Europe, Asia-Pacific, Latin America, and Rest of the World are the key regions considered for the geographic analysis of the global probiotics in animal feed market.
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