The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Yeast Probiotic Ingredient For Animal Global Market Report 2024, the yeast probiotic ingredient for animal market is expected to show promising growth in the forecast period.

The yeast probiotic ingredient for animal market is experiencing a robust expansion, driven by various factors and trends that underscore its significance in the animal feed industry.

Current Market Landscape and Growth Projections

• The yeast probiotic ingredient for animal market size has grown rapidly in recent years.
• From $5.53 billion in 2023, it is projected to reach $6.13 billion in 2024, boasting a Compound Annual Growth Rate (CAGR) of 10.9%.
• Further expansion is anticipated, with estimates foreseeing a market value of $9.34 billion by 2028, marking a CAGR of 11.1%.

Factors Fueling Growth

• Discovery of Probiotic Benefits: Increasing awareness regarding the benefits of probiotics has been instrumental in market growth.
• Rise in Concerns About Antibiotic Usage: With growing concerns about antibiotic resistance, the demand for alternative solutions like probiotics has surged.
• Research and Development Investments: Continued investments in R&D have led to innovations and advancements in probiotic products.
• Industry Adoption and Validation: The industry’s acknowledgment of the efficacy of yeast probiotics has fueled adoption rates.
• Regulatory Support and Approvals: Supportive regulatory frameworks have facilitated market expansion.

Anticipated Trends and Drivers

• Market Penetration in Developing Regions: Emerging economies are becoming key markets for yeast probiotic ingredients.
• Consumer Preference for Natural Products: Increasing awareness and preference for natural additives are driving market demand.
• Expansion in Livestock Production: The expanding livestock industry creates a conducive environment for market growth.
• Focus on Gut Health: There’s a growing emphasis on improving gut health in livestock, further propelling the demand for probiotics.

View More On The Yeast Probiotic Ingredient For Animal Market Report 2024 – https://www.thebusinessresearchcompany.com/report/yeast-probiotic-ingredient-for-animal-global-market-report

Rising Demand For Eggs And Poultry Meat Fuels Surge In Yeast Probiotics For Animal Feed Market

• Increased consumption of poultry meat has been a significant driver for the yeast probiotics market.
• Probiotics are utilized in poultry feed to enhance disease resistance and boost productivity.
• Notable companies in the market include Chr. Hansen A/S, Koninklijke DSM N.V., DuPont de Nemours Inc., among others.

Technological Advancements In Prebiotic Fiber Products For Enhanced Gut Health

• Major players are focusing on developing technologically advanced products like prebiotic fibers.
• Alltech’s Microbuild is a cutting-edge prebiotic fiber aimed at promoting gut health in pets.
• This innovation underscores the importance of gut health and its impact on overall well-being.

Novozymes Secures Leadership In North American Probiotics Market With Acquisition Of Microbiome Labs

• Novozymes’ acquisition of Microbiome Labs highlights its strategic move to dominate the North American probiotics market.
• This acquisition expands Novozymes’ product portfolio and strengthens its market position.

Market Segmentation

• By Product Type: Live, Spent, Yeast Derivatives
• By Genus: Saccharomyces Spp, Kluyveromyces Spp, Other Genera
• By Livestock: Ruminants, Poultry, Swine, Aquatic Animals, Pets, Equine

Regional Insights

• North America emerged as the largest region in the yeast probiotic ingredient for animal market in 2023.

In conclusion, the yeast probiotic ingredient for animal market is poised for significant growth, driven by a convergence of factors including increased consumer awareness, technological innovations, and regulatory support. As the industry continues to evolve, players must adapt to changing dynamics and capitalize on emerging opportunities to sustain growth and innovation.

Request A Sample Of The Global Yeast Probiotic Ingredient For Animal Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=9307&type=smp