Poultry Probiotics Market to exceed $1.8 billion by 2024

Poultry Probiotics Market size is set to surpass USD 1.8 billion by 2024; according to a new research report by Global Market Insights, Inc.

Shift in preferences towards using NGPs (natural growth promoters) for livestock farming with regulatory sanctions on AGPs will fuel poultry probiotics market size. Growth in meat & meat products demand due to consumer inclination towards consuming ready-to-eat processed products should drive industry demand.

Supporting regulatory norms led by FDA regarding GRAS approval of probiotics along with China promoting product research and product development in feed products for animal nutrition is likely to stimulate industry growth.

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Germany poultry probiotics market size for layers should witness gains at above 6.5% by 2024. Strict regulatory guidelines by EU Commission regarding antibiotics ban due to bioaccumulation causing resistance to medical antibiotics in animals as well as humans thereby stimulating industry growth in this region. The industry is gaining importance owing to technological and product innovations in this sector which should contribute towards regional growth.

Bacillus based poultry probiotics market size should grow significantly to surpass USD 100 million at the end of forecast period. These are widely used in feed products for broiler chicken due to its potential in decreasing cost and concentration of animal feed. Bacillus spores are biocompatible, stable and easily available thereby promoting its use in animal nutrition products.

Key feedstock includes Lactobacilli, Bacillus, Streptococcus and Bifidobacterium. These are live bacteria which are hard to maintain and test which is likely to challenge industry profitability. Standardization issue and technological limitations are major limiting factors.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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