Probiotics in Animal Feed Market Highlights The global probiotics in animal feed market is expected to garner a revenue of USD 0.4 billion by 2030 and register a CAGR of 8.6% during the forecast period of 2023 to 2030. The microbial strains used in animal feed for promoting animal growth, yield, productivity, immunity, and gut health are known as probiotics in animal feed. The most common microbial strains used as probiotics for livestock are bacteria, yeast, and fungi. Manufactures are witnessing challenges in their growth in the global probiotics in animal feed market due to the rising initial investment, especially in research and development that is involved in the improvement of efficient and viable animal probiotic feed additives. However, prominent players active in the animal feed probiotics market are focusing on different growth strategies such as mergers & acquisitions, innovations, product launches, and joint ventures to overcome the challenges and attain la...
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