Animal Feed Probiotics Market to Reach $6.07 Billion by 2029

Meticulous Research®, a renowned global market intelligence firm, has published an insightful report titled, "Animal Feed Probiotics Market by Source (Bacteria [Lactobacillus, Bifidobacterium, Streptococcus thermophilus, Bacillus]), Animal Type (Poultry, Ruminants, Swine, Aquaculture, Pets, Other Animals), Form (Liquid), and Geography—Global Forecast to 2029."
Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5288?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=27-05-2024
According to the latest publication from Meticulous Research®, the animal feed probiotics market is projected to reach $6.07 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2029. This market growth is driven by the rising demand for animal protein, increasing adoption of probiotics as alternatives to antibiotics, a higher incidence of intestinal disorders in livestock, and the expanding production of compound feed.
Moreover, the industry's shift towards natural growth promoters is expected to present lucrative opportunities for market participants. However, stringent regulatory frameworks governing the use of probiotics in animal feed are anticipated to challenge market expansion.