The Probiotics in Animal feed market is segmented on the basis of form, livestock, source, and region. The form of probiotics in animal feed include dry and liquid. This market has also been segmented on the basis of livestock in poultry, cattle, swine, aquaculture and others which include equine, pets, and rabbits. The market has also been segmented on the basis of source is bacteria (Lactobacilli, Bifidobacteria, Streptococcus thermophilus), and yeast. On the basis of key regions, the probiotic in animal feed market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

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The key players in the Probiotics in Animal Feed Market are as follows:

Chr. Hansen A/S (Denmark)
Koninklijke DSM N.V. (Netherlands)
Lallemand, Inc. (Canada)
Lesaffre & Cie (France)
E.I. du Pont de Nemours and Company (U.S.)
Novozymes A/S (Denmark)
Calpis Co., Ltd. (Japan)
Land O’Lakes, Inc. (U.S.)
Schouw & Co.(Denmark)
Evonik Industries AG (Germany)
Alltech (U.S.)
Mitsui & Co., Ltd. (Japan).

The probiotics in animal feed market is driven due to growing awareness about animal health among customers, rising demand for nutrient-rich feed for animals, and increasing demand for quality animal products. The ban on the use of antibiotic growth promoters (AGPs) due to adverse health effects on animals and humans is also fueling this demand, which is expected to offer growth opportunities to existing and new entrants in the market. The rapid economic growth in countries such as China and India has led to a significant increase in the disposable income of livestock owners. This in turn is increasing the demand for probiotic-based pet food, making Asia-Pacific the fastest-growing region in the world. However, stringent international standards and regulations and high production costs are expected to hamper the market growth in the coming years.

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The Asia-Pacific region is expected to be the fastest-growing market for probiotics in animal feed between 2017 and 2022. Factors such as a large livestock base, high meat consumption, and increasing consumer awareness about the positive impact of probiotics on animal health are driving the Asia-Pacific market. Leading companies such as Chr. Hansen A/S (Denmark) and E. I. du Pont de Nemours and Company (U.S.) have expanded their facilities in Asian countries to meet the increasing demand for probiotics in animal feed.