MARKET REPORT FEED & ADDITIVE MAGAZINE October 2022 77 The production, nutrient content, and price of plant-based raw materials like corn, soybeans, and others are significantly impacted by changes in the weather. With every change in the production and consumption of animals and their products, respectively, the cost of meals made from animal by-products also varies. In the Reserved Meticulous Market Research's report, the growth of animal feed probiotics market is attributed to the growing demand for animal protein, the increasing use of probiotics as an alternative to antibiotics, the rising incidence of intestinal disorders in livestock, and the increasing production of compound feed. Furthermore, the shift toward natural growth promoters is expected to create lucrative opportunities for players operating in this market. However, the complex regulations regarding the use of probiotics in animal feed products are expected to hinder the growth of this market to a notable extent. MARKET STATUS BASED BY TYPE The global feed probiotics market is segmented by type into Lactobacillus, Bifidobacterium, Saccharomyces, Streptococcus, Enterococcus, Escherichia, and Bacillus. According to the SkyQuest’s report, the bulk of probiotics in animal feed sold worldwide use the bacterial genera Lactobacillus and Bifidobacterium. The use of bacterial strains as growth promoters has shown to be a feasible and sustainable alternative to antibiotics. However, the use of yeast and other fungi has gained popularity; Saccharomyces cerevisiae, for example, helps animals manufacture enough protein and has shown immunostimulatory activity in addition to enhancing digestive physiology. Through the forecast period (2022-2028), it is anticipated that the growing use of yeast and fungus in probiotics for animal feed would have a beneficial effect on market share. One of the most popular uses of yeast-based probiotics is in ruminant feed. Based on source, the probiotics in animal feed market is segmented into bacteria and yeast. According to Reserved Meticulous Market Research's report; the yeast segment is expected to grow at a higher CAGR during the forecast period of 20222029. The growth of this segment is attributed to the stringent regulations on the use of antibiotics in animal feed in several European and North American countries. Furthermore, the use of yeast strain probiotics in animal feed improves fiber digestibility and animal performance, which increases milk and egg production. MARKET STATUS BASED BY LIVESTOCK TYPE Based on animal type, the probiotics in animal feed market is segmented into poultry, ruminants, swine, aquaculture, pets, and other animals. The poultry segment is projected to hold the most substantial share in the market. According to the SkyQuest’s report, due to favorable demand dynamics and equally solid production conditions, the poultry industry continues to be one of the most attractive application areas for probiotics in the animal feed business. However, due to poor hygiene and sanitation management, poultry flock are frequently exposed to infections such Salmonella enterica, Escherichia coli, and Campylobacter jejuni. The development of natural alternatives has been encouraged by the rising worries about antibiotic resistance. Lactic acid bacteria (LAB), one of the most common strains in poultry feed, has an impact on the market for probiotics in animal feed. The use of probiotics in animal feed includes strains of Bifidobacterium, Enterococcus, Lactobacillus, Bacillus, Pediococcus, and Streptococcus has expanded in the swine and ruminant sectors as well. Business Research Company's report also draws attention to the importance of the poultry segment in the market. According to the report, the growing demand for eggs and poultry meat contributes to the growth of probiotics in the animal feed market. The demand for eggs and poultry meat is increasing because of the rise in population, greater purchasing power, and urbanization. Moreover, increasing awareness about the nutrients and protein
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