The poultry probiotic ingredients market is expected to witness robust growth by 2027 owing to prevalent demand for poultry products across the globe. Additionally, high emphasis on good quality poultry products is slated to further bolster market growth through the forecast timeline.
Probiotics refer to microbial feed supplements that affect the host animal by enhancing its intestinal microbial balance. A probiotic is a culture of either a single or a mixture of different bacterial strains intended to eliminate the colonization of pathogens in the gastrointestinal tract of poultry.
Probiotics target various concerns in the poultry sector pertaining to diseases and antimicrobial resistance of pathogenic bacterial and environmental conditions that cause severe problems and economic losses in numerous nations, which has stimulated product uptake. Shifting consumer preferences towards buying products from livestock that are grown without feed additives and antibiotics have also created a massive growth potential for the market.
Moreover, the COVID-19 outbreak adversely impacted the global poultry trade owing to lockdown restrictions that were imposed to curb the transmission of the virus. The supply chain disruption increased feeding cost and prices of raw ingredients, along with decreasing availability, thereby hampering industry growth and consumers’ purchasing capacity during the pandemic. However, with successful vaccination drives around the world, the poultry sector is regaining its pre-COVID momentum, which has been favorable for business growth.
Notably, the COVID-19 pandemic also caused an upsurge in consumer interest on improving immunity, which has pushed the feed industry to ensure the quality of feedstuffs, and that they are free from pathogens and ecologically friendly. As a result, rising focus on poultry health, immunity, and production has positively influenced product outlook across key regions worldwide in recent years.
The poultry probiotic ingredients market has been bifurcated based on product, application, and region. In terms of product, the market has been segregated into Bifidobacterium, Lactobacilli, Bacillus, Streptococcus, and others. The others product segment was valued at over USD 2.1 million in 2020 and is projected to grow at a CAGR of around 6.9% through the assessment timeframe.
Based on application, the market has been segmented into layers, broilers, breeders, turkeys, and chicks & poults. In 2020, the chicks and poults application segment exceeded a valuation of USD 3.3 million and is estimated to progress at above 5.7% CAGR over the review period.
In the regional landscape, the Latin America poultry probiotic ingredients market size surpassed USD 4.2 million in 2020 and is calculated to grow at a CAGR of more than 6.3% through the study timeline. Meanwhile, the Middle East & Africa poultry probiotic ingredients market is speculated to reach a valuation of about USD 4 million by the end of 2027, expanding at nearly 6.2% CAGR over the forecast period.