The North America feed probiotics market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing industrialized livestock production, as well as an increase in demand for animal-based protein sources.
The market is growing due to a large increase in animal product consumption over the previous two decades and the potential of additional development in the food industry.. Moreover, maintaining and improving animal health, as well as preventing and treating intestinal and other infections are two of the most significant reasons for employing probiotics in animal feed.
Aversion for antibiotic-fed farm animals, as well as regulatory scrutiny on animal-derived goods including poultry, eggs, beef, and cattle is projected to increase demand for animal feed probiotics in the region.
Several changes in North America people’s dietary choices and consumption patterns have been observed including an increase in meat and dairy product consumption.
The increased demand for different animal products such as dairy, meat products and other non-food items has led in a surge in the usage of feed additives, driving the animal feed probiotics industry.
The livestock sector is under immense strain in order to supply the growing demand for high-value animal products. Consumers are becoming more health-conscious, emphasizing nutrient-dense meals offered through upgraded feed products provided to animals.
Following the COVID-19 outbreak, animal feed probiotic labeling may be scrutinized more closely. National food safety authorities and the Secretariat of the International Food Safety Authorities Network (INFOSAN) are looking for more information on the possible role of food in the virus's spread through local and international trade. Meanwhile, the World Health Organization has advised particular requirements for maintaining food cleanliness and safety measures in order to minimize COVID-19 transmission through food.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing people's awareness of the advantages of probiotics for animal health is projected to boost the market during the forecast period.
- Rising industrialization of livestock production is anticipated to drive the market in the coming years.
- Growing need for animal-based protein sources for companion animals and livestock are expected to propel the market.
- Increasing animal adoption and animal care centers in the country are estimated to fuel the market.
- Rapid growth of the food & beverages industry is main factors boosting the market in the coming years.
- Process innovation and sophisticated transportation capabilities are required to reach foreign clients are expected to create significant opportunities for the market players.
Scope of the Report
The report on the North America feed probiotics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Feed Probiotics Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Ruminant, Swine, Aquaculture, Poultry, and Others), Types (Lactobacilli, Bifid bacterial, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Life products Inc.; Novus International; DuPont; Lallemand Inc.; Chr. Hansen Holding A/S
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North America Feed Probiotics Market Segment Insights
The poultry segment is projected to account for a major market share
Based on applications, the North America feed probiotics market is divided into ruminant, swine, aquaculture, poultry, and others. The poultry machine segment is expected to represent a key share of the market during the forecast period owing to breeders are becoming more concerned over their animals' health and prefer to offer appropriate nutrition and supplements to keep them healthy.
The bifid bacterial segment is expected to grow at a robust pace
On the types, the North America feed probiotics market is segmented into lactobacilli, bifid bacterial, and other. The bifid bacterial segment is expected to hold a key share of the market in the coming years owing to treat bowel issues (such as irritable bowel and diarrhea), dermatitis, urinary tract infections, vaginal yeast infections, and lactose intolerance, it is used to promote digestion and restore natural flora.
Segments
The North America feed probiotics market has been segmented on the basis of
Applications
- Ruminant
- Swine
- Aquaculture
- Poultry
- Others
Types
- Lactobacilli
- Bifid bacterial
- Other
Regions
Key Market Players
- Life products Inc.
- Novus International
- DuPont
- Lallemand Inc.
- Chr. Hansen Holding A/S.
Competitive Landscape
Key players competing in the North America feed probiotics market includes Life products Inc.; Novus International; DuPont; Lallemand Inc.; Chr. Hansen Holding A/S.
Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
