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Poultry Probiotic Market to Reach $188 Million by 2030 - Exclusive Report by The Insight Partners

Pune, India, Nov. 08, 2023 (GLOBE NEWSWIRE) -- According to the new research study titled "Poultry Probiotic Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type, Application, and Geography," the market is expected to grow from US$ 117 million in 2022 to US$ 188 million by 2030; it is expected to record a CAGR of 6.5% from 2022 to 2030.

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Poultry Probiotic Market: Competition Landscape

ADM, Chr. Hansen Holding A/S, Adisseo, Alltech, Land O'Lakes, Inc., Lallemand Inc., DSM, IFF Nutrition and Biosciences, Kemin Industries, Inc. Dupont DE Nemours, Inc. are among the key players operating in the poultry probiotic market. These key players adopt product innovation strategies and invest in business expansions to meet growing consumers' demands, further driving the poultry probiotic market share.

Poultry probiotic manufacturers across the globe are investing significantly in strategic initiatives such as product innovation, mergers and acquisitions, and expansion of their businesses to attract large number of consumers and enhance their market position. To maintain their strategic position in the market, key players are investing significantly in quality enhancement of forage seeds. For instance, in May 2021, Evonik Industries developed a system solution for the gut health of poultry & swine, which includes a tailored combination of its feeding concepts, amino acids, probiotics, services, and consulting. Similarly, Evonik's Animal Nutrition business line has launched 'Ecobiol Fizz', the first probiotic for chicken in the form of effervescent tablet. The product contains a microbial strain of the species Bacillus amyloliquefaciens and are used to stabilize the intestinal microbiota of chickens and broilers reared for laying, especially during stressful periods. Such product innovation by key players helps to create a strong foothold in the poultry probiotic market.

The poultry probiotic market in the globe is flourishing owing to the increased export of chicken-based meat. Agriculture and ...

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