Global Pet Probiotics Market Opportunities and Forecast 2023-2030

Pet Probiotics Market Overview:

Pet probiotics products have witnessed substantial demand because of growing awareness and concerns about pet health and safety. With this, the rising incidence of chronic diseases related to the consumption of animal by-products also increases the animal feed and probiotics market. There’s a rise in the demand for natural animal feed additives, which have negligible side effects. This results in the increase in demand majorly among poultry farmers and for aquaculture production. Animal probiotics have witnessed huge attention because it play a serious role in maintaining the gut health and immunity of animals. Furthermore, various animal health awareness campaigns also are initiated by the govt to spread awareness about the importance of animal probiotics.

Various changes are witnessed regarding the consumption patterns and dietary habits of the population owing to which there has been a shift towards the increased consumption of meat and dairy products. This has increased the demand for various animal products like milk, dairy products, meat products, eggs, and other non-food items which has led to the expansion within the usage of feed additives, thus boosting the probiotics in animal feed market growth. Hence, the rapid increase within the growth in population has also increased the demand for food across the world.

Consumers are now becoming more health-conscious and are focusing more on nutrition-rich diets that are offered to the livestock. Livestock products like, milk, meat and eggs are rich sources of micronutrients like iron, zinc, and vitamins. The demand for probiotics in pet feed has risen because of the health benefits associated with the consumption of probiotics. Moreover, they assist in maintaining the microbial flora within the intestinal tract of pets and enhance the resistance leading to the development of the system. They also aid within the treatment of varied diseases like, inflammatory bowel disease, infectious diarrhea, irritable bowel syndrome and antibiotic-related diarrhea. Therefore, this helps animals to derive maximum nutrition from the feed, which successively increases the standard of animal products.

COVID-19 Impact on the Pet Probiotics Market:

A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, safety, supply chain, training, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in beverage industry is facing a devastating effect of pandemic. 13% of the craft beer sector around the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused shut down of many small to medium food processing companies around the world.

Pet Probiotics Market Segment Overview

The type segment of the fish meal market is segmented into Lactobacillus, Bifidobacterium, Yeast, Streptococcus Thermophilus, and Fungi. The rising incidence of chronic diseases related to the consumption of animal by-products also increases the animal feed and probiotics market. There’s a rise within the demand for natural animal feed additives, which has negligible side effects. The Application segment is split into dog, cat, birds, fish, other. Among application segments dog and cat have raised the demand for pet probiotics. Pet probiotics products have witnessed substantial demand because of growing awareness and concerns about pet health and safety.

Market Analysis, Insights and Forecast – By Type

• Lactobacillus
• Bifidobacterium
• Yeast
• Streptococcus Thermophilus
• Fungi

Market Analysis, Insights and Forecast – By Application

• Dog
• Cat
• Birds
• Fish
• Other

Pet Probiotics Market Regional Overview

Region-wise, in terms of regions, Developing countries, particularly within the Asia Pacific region, offer high-growth opportunities within the probiotics within the animal feed market because of the increase in awareness among consumers to supplement consumption and a high occurrence of varied diseases. Related companies are projected to have interaction in forwarding or backward integration to tap the market opportunities. The assembly of poultry and cattle meat products is projected to be the highest in countries like China, and India, which is driving the market for probiotics in animal feed in this region.

Pet Probiotics Market, By Geography

• North America (US & Canada)
• Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
• Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
• LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Pet Probiotics Market Competitor Overview

Some key developments and strategies adopted by manufacturers in the Pet Probiotics are highlighted below

. In May 2021, Evonik Industries develops system solutions for the gut health of poultry & swine, which incorporates a tailored combination of its feeding concepts, amino acids, probiotics, services, and consulting. Pet Probiotics Market, Key Players

• Chr. Hansen
• Koninklijke DSM
• Land O'Lakes
• Danisco
• Lallemand Brewing
• Lesaffre
• DuPont Nutrition and Biosciences
• Novozymes
• Calpis Co., Ltd
• Purina
• Schouw
• Evonik
• Alltech
• Mitsui
• Kerry
• Pure Cultures
• Unique Biotech
• Bluestar Adisseo
• Orffa International Holding
• BIOMIN Holding
• Novus International
• Provita Eurotech