Asia-Pacific Feed Probiotics Market - Growth, Trends and Forecasts (2020 - 2025)
AsiaPacific Feed Probiotics Market is projected to grow at a CAGR of 7.7% during the forecast period (20202025). The market for feed probiotics is growing, particularly owing to its various benefits, such as enhancement in the feed conversion ratio and nutrient uptake of the animal. Probiotics enhance gut performance by balancing the good and bad bacteria, thereby, boosting the immunity of animals. Swine is one of the major consumers of feed probiotics, with a prominent share due to the high demand for pork in countries such as China, followed by the poultry segment. Poultry and ruminants are expected to grow at a higher rate, due to the changing dynamics of industrialization in the meat industry.
Key Market Trends
Ban on Antibiotics is Driving the Market
The demand for animal feed probiotics is also likely to increase on account of prevailing controversies around the use of antibiotics in animal feed. The growing requirement for safe and nutritionrich animal feed has influenced manufacturers to improve the quality and safety of their products while retaining their costeffectiveness. The use of probiotics in animal feed, especially in cattle feed, shows beneficial results in terms of animal performance, digestion, and the immune system, due to which the use of probiotics in animal feed is witnessing a surge, creating opportunities for manufacturers in the animal feed probiotics market. The Chinese government has launched a pilot program that aims to eliminate the use of antibiotics in livestock feed by 2020. Implementation of this new policy will directly impact the feed industry. Recently, in 2019, the Indian government banned the use of a “last hope” antibiotic on farms to try to halt the spread of some of the world’s most deadly superbugs, after a Bureau investigation revealed it was being widely used to fatten livestock. Hence, the antibiotic bans in the major economies, such as the China and India, are expected to open new business opportunities for feed probiotics across the world.
China Dominates the Market
China is one of the major players in the Asia feed probiotics industry, contributing around 50.80% revenue share in the AsiaPacific probiotics market. The production of probiotics for the aquaculture industry is a thriving sector in China. Lactobacillus is the most common variant of probiotic bacteria used in the aqua feed industry in China. As per the Ministry of Agriculture and Rural Affairs, China has stepped up the policy support to promote and upscale the hog production and ensure sustainable pork supply in the country, which are further likely to enhance the feed probiotics demand in the years to come.
Calpis Co. Ltd, Kemin Industries, Bluestar Adisseo Company, DSM Nutritional Products Inc and Lallemand Inc are some of the prominent players who are operating in this region. The key players are widely adopting the strategy of expansion, in order to satiate the increasing consumer demand, led by the growing livestock and meat industries in the region. Strategies, such as product innovation and partnership, are also gaining significance in the market studied. Companies are embracing these strategies to enhance their businesses.
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