Probiotics in Animal Feed Market Overview:
A research team conducted extensive primary and secondary research for the Probiotics in Animal Feed market analysis of the global industry. Secondary research was conducted to supplement the available information, segment the market, calculate the overall market size, and forecast market size and growth rate.
The market's numerous users are discussed, along with the factors driving the global Probiotics in Animal Feed market's growth. Market participants, geographic areas, and particular requirements all contribute data. This study proposal is ready for the market and provides a thorough overview of all the important advancements that are currently prevalent across all market segments. Presenting key data analysis as statistics, infographics, and presentations is recommended.
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Probiotics in Animal Feed Market Dynamics:
Compound feeds are in high demand in Asia Pacific, North America, and Europe, due to strong demand for meat and meat products and a growing awareness of the necessity of protein-rich diets among consumers worldwide. According to the Food and Agriculture Organization (FAO), demand for food goods would increase by 60% by 2050, while demand for animal protein will increase by 1.7 percent every year. China, the United States, Brazil, Mexico, Spain, India, and Russia are the world's leading feed producers. These countries' demand for chicken and red meat has been increasing, contributing to the probiotics in animal feed market's growth.
Probiotics in Animal Feed Market Segmentation:
The probiotics market for animal feed is divided into two categories: Dry and Liquid. The dry form segment is anticipated to expand quickly between 2021 and 2027. Since they are simpler to transport and have a longer shelf life, dry probiotics are preferred over liquid ones. These are typically present in the feed for cattle, pigs, and poultry. Due to their higher moisture content, liquid probiotics are also more susceptible to contamination, which could lead to undesirable culture.
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Probiotics in Animal Feed Market Key players:
- DuPont (US)
- Evonik Industries (Germany)
- Land O'Lakes (US)
- Mitsui & Co., Ltd. (Japan)
- Ohly (Denmark)
- Lesaffre (France)
- Alltech (US)
- Novozymes (Denmark)
COVID-19 Impact on Probiotics in Animal Feed market:
The COVID-19 outbreak has had a significant impact on the Probiotics in Animal Feed market. Due to the global economic downturn and a labour shortage, the development of Probiotics in Animal Feed production facilities has been put on hold. The COVID-19 pandemic has caused a significant and sustained decline in production utilisation. Additionally, staff visits to their facilities have been hindered by travel restrictions and facility closures, which will restrain the growth of the Probiotics in Animal Feed market in 2020. However, given the high demand for Probiotics in Animal Feed, the market effects of COVID-19 are anticipated to be transient. By the beginning of 2021, the industry is anticipated to fully recover.
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