The Europe Animal Feed Probiotic Bacteria market size was around USD 880 million in 2021. It is expected to grow at a CAGR of 7.3% to reach USD 1.24 billion by 2021. It captures 25% of the global market.
The Europe demand for probiotics in animal feed is growing significantly owing to rising awareness about animal health among breeders, growing demand for nutrient-rich feed for animals, and rising demand for quality animal feed products.
Drivers and Restraints of Europe Animal Feed Probiotic Bacteria Market:
The major restraining factor for the probiotics in animal feed is time and investment required for regulatory approval. Regulations on the maximum quantity of probiotics that can be added to animal feed, processing methods, and labelling, packaging, and storage conditions restrict the growth of the probiotics in animal feed market. Such regulations restrict new players from entering the market, thus restricting the market growth.
Europe Animal Feed Probiotic Bacteria Market – By Livestock:
Cattle
The poultry segment cover the largest market share due to increased production and consumer demand for poultry meat in developing regions such as Asia-Pacific and South America.
Europe Animal Feed Probiotic Bacteria Market – By Source:
On the basis of source, the probiotics in animal feed market was led by the bacteria segment in 2016. Lactobacilli is one of the most widely commercially available sources of probiotics in animal feed. North American countries are anticipated to become major markets due to the high awareness among customers and this aids in the growth of the Europe probiotics in animal feed market in the aforementioned forecast period.
Europe Animal Feed Probiotic Bacteria Market – By Form:
The dry form of probiotics in animal feed commanded the largest market share in 2016. Dry probiotics help in improving the shelf life of feed products, resulting in lower storage costs for feed manufacturers, thus raising the demand for dry probiotics in animal feed.
Geographical Analysis:
By geography the market is segmented into UK, Spain, Germany, France and others. It is the second largest market.
Key Players:
The key players that are profiled in the report include Chr. Hansen A/S (Denmark), Koninklijke DSM N.V. (Netherlands), Lallemand, Inc. (Canada), Lesaffre & Cie (France), and E.I. du Pont de Nemours and Company (U.S.). Other players include Novozymes A/S (Denmark), Calpis Co., Ltd. (Japan), Land O'Lakes, Inc. (U.S.), Schouw & Co.(Denmark), Evonik Industries AG (Germany), Alltech (U.S.), and Mitsui & Co., Ltd. (Japan).
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