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Poultry Probiotic Ingredients Market Trends 2019 Forecast 2024 | driven by Increased consumption of meat in Asia Pacific

Sep 11, 2019 (AmericaNewsHour) --

According to Global Market Insights, Poultry Probiotic Ingredients Market provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Poultry Probiotic Ingredients industry.

2016 Market Size – USD 80 Million

2024 Forecast Value – 125 Million +

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Over the past few years, livestock production has increased exponentially. This has indeed made a subsequent impact on poultry probiotics market, with the increasing demand for NGPs (natural growth promoters) in animal feed. Poultry probiotics industry is strongly characterized by R&D and product innovation activities which has made this fraternity witness a fiercely competitive landscape. The industry players are constantly involved in implementing growth strategies such as global expansion and product development to sustain their market value.  Below is a synopsis of the contributions by the key participants toward the growth of poultry probiotics market:

Two of the prominent global leaders in poultry probiotics industry, Adisseo and Novozymes, have launched their probiotic called Alterion, especially for poultry application. Made from all the naturally-occurring bacterium found in soil, use of Alterion in the animal feed has helped the farmers to better control the gut health of their animals. It also prevents the growth of unwanted bacteria in the digestive tract of animals and optimizes the feed conversion by 2% to 2.5%.

Both the firms are striving to expand their global reach in this rapidly developing market. In 2016, Alterion, was introduced in the U.S. and later in the countries of South East Asia and Middle East.

Currently, U.S. is witnessing a strong demand for streptococcus based poultry probiotics as it increases animal weight and enhances their feed conversion. As per estimates, U.S. poultry probiotics market from the demand of streptococcus is projected to generate revenue worth over USD 25 million by 2024.

Key Highlights of this report:

Base Year: 2018

Growth Projections – 2019 to 2025

Historical data coverage: 2014 to 2018

Number of Pages – 210

Data Tables – 157

Boehringer Ingelheim Animal Health and Novozymes have recently created a vibrant buzz in poultry probiotics market, by announcing their plan to collaborate and commercialize probiotics for global poultry production. This, early 2017 announcement of Boehringer Ingelheim to join forces with Novozymes- the renowned biological solutions provider, will enable the former to foray into animal feed additives market, which is profoundly challenged by antibiotic bans.

Stringent regulations by EU Commission and the FDA toward the ban of AGPs in animal feed have positively influenced the global poultry probiotics market trends.

The collaboration is indeed an appreciable step taken by the companies to enhance their market value in terms capabilities, product innovation, and pricing strategy. With this move, Novozymes is expected to utilize Boehringer Ingelheim's vast network to gain access to new distribution channels and customers across the globe.

Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:

  1. Chr. Hansen Holding A/S
  2. Novus International, Inc.
  3. DSM
  4. Lallemand
  5. DuPont
  6. Novozymes
  7. Evonik
  8. Kemin Industries
  9. Boehringer Ingelheim
  10. Adisseo
  11. Huvepharma - Livestock
  12. SCD Probiotics, LLC
  13. Polchem Hygiene Laboratories Pvt Ltd
  14. Organica Biotech Pvt. Ltd.
  15. Biomin Holding GmbH
  16. Intvet Products Mfg Co.
  18. International Animal Health Products
  19. Lexington Enterprises
  20. Neospark
  21. Prowell
  22. Pic-Bio, Inc
  23. Pangoo!
  24. Calpis USA
  25. Lactina Ltd.
  26. Shandong Baolai-Leelai Bio-Industrial Co., Ltd.

Evonik, a leading player in poultry probiotics industry has recently (January 2017) launched its first probiotic product called GutCare PY1. The company, being a specialist in feed amino acids, plans to take the lead in the field of developing sustainable and antibiotic-free livestock feed additives. Presently, Evonik holds three probiotics in its portfolio, viz. Ecobiol for poultry, Fecinor for piglets, and the newly launched GutCare PY1. Expanding the product portfolio has complemented the company with a better accessibility to the customers at a global scale. Evonik plans to initially introduce the product in the U.S. poultry probiotics market and gradually in the Asia Pacific belt.

Chr. Hansen is amongst one of the world's top three manufacturers of probiotics for animals, along with Dupont and Lallemand.

The under growing pressure to use fewer antibiotics in the food chain has been an important driver for the growth of poultry probiotics market. This company is grabbing the huge opportunity from the growing demand for antibiotic-free poultry and is expanding its animal nutrition portfolio in Asia Pacific market.

Asia Pacific is one of the chief regions witnessing a phenomenal expansion of animal health industry. Countries such as Australia, South Korea, India, and China are comparatively mature in terms of usage of probiotics in feed.

As per a report, China poultry probiotics industry is projected to generate revenue over USD 250 million by 2024, owing to rising consumption of broiler meat and rise in per-capita disposable income.

Chr. Hansen is actively planning to launch its product in China & US poultry probiotics market as an alternative to antibiotics, as these countries bet big in terms of swine and chicken sectors globally.

Poultry probiotic ingredients market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD from 2014 to 2025, for the following segments:

Poultry Probiotic Ingredients Market, By Product

  • Lactobacilli
  • Bifidobacterium
  • Streptococcus
  • Bacillus
  • Others

Poultry Probiotic Ingredients Market, By Application

  • Broilers
  • Layers
  • Turkeys
  • Breeders
  • Chicks & Poults

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Research Methodology:

At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

Definition and scope of research 
Market dynamics, growth drivers and industry pitfalls 
Regulatory and political guidelines for the industry 
Demographics and statistical data 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

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