Global Probiotics in Animal Feed Industry

Global Probiotics in Animal Feed Industry

  • April 2021 •
  • 373 pages •
  • Report ID: 6032668 •
  • Format: PDF
Abstract:
- Global Probiotics in Animal Feed Market to Reach $7.3 Billion by 2027
- Amid the COVID-19 crisis, the global market for Probiotics in Animal Feed estimated at US$4.8 Billion in the year 2020, is projected to reach a revised size of US$7.3 Billion by 2027, growing at aCAGR of 6.2% over the period 2020-2027. Dry, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$4.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquid segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 9.4% CAGR
- The Probiotics in Animal Feed market in the U.S. is estimated at US$1.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2027 trailing a CAGR of 9.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

- Select Competitors (Total 40 Featured) -
  • Aquabio Environmental Technologies, Inc.
  • Arla Foods
  • E.I. Du Pont De Nemours and Company
  • Epicore BioNEtworks Inc.
  • Fritz Industries, Inc.
  • General Mills, Inc.
  • Groupe Danone
  • Lallemend Health Co.Ltd.
  • Mother Dairy
  • Nebraska Cultures Inc.
  • Nestle S.A.
  • Royal DSM N.V.
  • Specialty Enzymes & Biotechnologies Co.
  • United tech Inc.
  • Yakult Honsha Co. Ltd.