Probiotics in Animal Feed Market by Source (Bacteria, Yeast & Fungi), Livestock (Poultry, Swine, Ruminants, Aquaculture, Pet, and Other Livestock), Form (Liquid, Dry), Strain Specificity, Function, Distribution Channel, and Region - Global Forecast to 2030

1 INTRODUCTION 26 1.1 STUDY OBJECTIVES 26 1.2 MARKET DEFINITION 26 1.3 STUDY SCOPE 27 1.3.1 MARKETS AND REGIONS COVERED 27 1.3.2 YEARS CONSIDERED 28 1.3.3 CURRENCY CONSIDERED 29 1.3.4 UNITS CONSIDERED (VOLUME) 29 1.4 STAKEHOLDERS 30 1.5 SUMMARY OF CHANGES 30 2 RESEARCH METHODOLOGY 31 2.1 RESEARCH DATA 31 2.1.1 SECONDARY DATA 32 2.1.1.1 Key data from secondary sources 32 2.1.2 PRIMARY DATA 32 2.1.2.1 Key data from primary sources 33 2.1.2.2 Key industry insights 33 2.1.2.3 Breakdown of primary interviews 33 2.2 MARKET SIZE ESTIMATION 34 2.2.1 BOTTOM-UP APPROACH 34 2.2.2 TOP-DOWN APPROACH 35 2.3 DATA TRIANGULATION 36 2.4 RESEARCH ASSUMPTIONS 37 2.5 RESEARCH LIMITATIONS 37 2.6 RISK ASSESSMENT 37 2.7 FACTOR ANALYSIS 38 3 EXECUTIVE SUMMARY 39 4 PREMIUM INSIGHTS 43 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET 43 4.2 PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY 44 4.3 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK AND COUNTRY 44 4.4 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE 45 4.5 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK 46 4.6 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM 46   5 MARKET OVERVIEW 47 5.1 INTRODUCTION 47 5.2 MACROECONOMIC OUTLOOK FOR PROBIOTICS IN ANIMAL FEED 47 5.2.1 METHANE EMISSIONS DRIVE GLOBAL PROBIOTICS ADOPTION IN ANIMAL FEED 47 5.2.2 RISING PRODUCTION OF COMPOUND FEED 48 5.3 MARKET DYNAMICS 49 5.3.1 DRIVERS 49 5.3.1.1 Ban on AGPs and health campaigns to promote probiotics as feed alternatives 49 5.3.1.2 Increased demand for animal protein and other livestock products 50 5.3.1.3 Better gut health and efficiency through probiotics 51 5.3.2 RESTRAINTS 52 5.3.2.1 Non-standardized international quality regulations 52 5.3.2.2 Inconsistent efficacy across species & conditions 53 5.3.3 OPPORTUNITIES 53 5.3.3.1 Development of species-specific and next-gen strains 53 5.3.3.2 Innovations and technological advancements in feed industry 54 5.3.3.3 Integration with precision livestock farming 55 5.3.4 CHALLENGES 55 5.3.4.1 High costs of R&D into new probiotic strains 55 5.3.4.2 Competition from enzymes and prebiotics 56 5.4 IMPACT OF GEN AI ON PROBIOTICS IN ANIMAL FEED MARKET 57 5.4.1 INTRODUCTION 57 5.4.2 CASE STUDY: AI-DEVELOPED PROBIOTICS DRIVE GUT HEALTH, PRODUCTIVITY & SUSTAINABILITY IN LIVESTOCK 58 5.4.3 IMPACT ON PROBIOTICS IN ANIMAL FEED MARKET 58 5.4.4 ADJACENT ECOSYSTEMS SUPPORTING GEN AI USAGE 58 6 INDUSTRY TRENDS 60 6.1 INTRODUCTION 60 6.2 VALUE CHAIN ANALYSIS 60 6.2.1 RESEARCH & PRODUCT DEVELOPMENT 60 6.2.2 RAW MATERIAL SOURCING 61 6.2.3 PRODUCTION & PROCESSING 61 6.2.4 DISTRIBUTION 61 6.2.5 MARKETING & SALES 61 6.3 TECHNOLOGY ANALYSIS 62 6.3.1 KEY TECHNOLOGIES 62 6.3.1.1 Microencapsulation 62 6.3.1.2 Strain engineering & genomic selection 62 6.3.2 COMPLEMENTARY TECHNOLOGIES 62 6.3.2.1 PLF tools 62 6.3.2.2 Smart feed delivery systems 62 6.3.3 ADJACENT TECHNOLOGIES 63 6.3.3.1 Prebiotics and synbiotics 63 6.3.3.2 Gut microbiome analysis platforms 63 6.4 PRICING ANALYSIS 63 6.4.1 AVERAGE SELLING PRICE, BY SOURCE 63 6.5 ECOSYSTEM/MARKET MAP 65 6.5.1 DEMAND SIDE 65 6.5.2 SUPPLY SIDE 65 6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 68 6.7 PATENT ANALYSIS 69 6.8 TRADE ANALYSIS 71 6.9 KEY CONFERENCES AND EVENTS, 2025–2026 72 6.10 TARIFFS AND REGULATORY LANDSCAPE 73 6.10.1 NORTH AMERICA 73 6.10.1.1 US 73 6.10.1.2 Canada 74 6.10.2 EUROPEAN UNION 74 6.10.3 ASIA PACIFIC 76 6.10.3.1 China 76 6.10.3.2 Japan 76 6.10.3.3 India 76 6.10.4 SOUTH AMERICA 76 6.10.4.1 Brazil 76 6.11 IMPACT OF 2025 US TARIFFS—PROBIOTICS IN ANIMAL FEED MARKET 78 6.11.1 INTRODUCTION 78 6.11.2 KEY TARIFF RATES 79 6.11.3 DISRUPTIONS IN PROBIOTICS IN ANIMAL FEED MARKET 79 6.11.4 PRICE IMPACT ANALYSIS 80 6.11.5 IMPACT ON COUNTRIES/REGIONS 81 6.11.5.1 US 81 6.11.5.2 Europe 82 6.11.5.3 China 83 6.11.6 IMPACT ON END-USE INDUSTRIES 84 6.12 PORTER’S FIVE FORCES ANALYSIS 85 6.12.1 INTENSITY OF COMPETITIVE RIVALRY 86 6.12.2 BARGAINING POWER OF SUPPLIERS 86 6.12.3 BARGAINING POWER OF BUYERS 86 6.12.4 THREAT OF SUBSTITUTES 86 6.12.5 THREAT OF NEW ENTRANTS 87   6.13 KEY STAKEHOLDERS AND BUYING CRITERIA 87 6.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 87 6.13.2 BUYING CRITERIA 88 6.14 CASE STUDIES 89 6.14.1 CASE STUDY 1: ACQUISITION OF PROBIOTICS INTERNATIONAL LIMITED HELPED ADM EXPAND ITS OFFERINGS 89 6.14.2 CASE STUDY 2: LAUNCH OF ECOBIL FIZZ FOR CHICKENS HELPED EVONIK INDUSTRIES AG BROADEN POULTRY PRODUCT PORTFOLIO 89 6.14.3 CASE STUDY 3: LAUNCH OF GALLIPRO FIT BY CHR. HANSEN STRENGTHENED ITS PRESENCE IN BROILER PROBIOTICS MARKET 90 6.15 INVESTMENT AND FUNDING SCENARIO 90 7 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE 91 7.1 INTRODUCTION 92 7.2 BACTERIA 94 7.2.1 HIGH COMMERCIALIZATION AND BETTER BILE RESISTANCE COMPARED TO YEAST 94 7.2.2 LACTOBACILLI 96 7.2.2.1 Lactobacillus-based probiotics emerging as natural alternatives to antibiotics in animal feed 96 7.2.3 BIFIDOBACTERIUM 97 7.2.3.1 Probiotic feed enriched with Bifidobacteria helps regulate gut pH and defend against pathogens in animals 97 7.2.4 STREPTOCOCCUS THERMOPHILUS 98 7.2.4.1 Proven probiotic traits to offer potential applications as a promising additive in feed 98 7.3 YEAST & FUNGI 98 7.3.1 HIGH RATE OF PRODUCT INNOVATIONS AND ONGOING RESEARCH 98 7.3.2 SACCHAROMYCES CEREVISIAE 101 7.3.2.1 Improves performance and immunomodulation in cattle, poultry, and sheep 101 7.3.3 SACCHAROMYCES BOULARDII 101 7.3.3.1 Better feed conversion, reduced pathogens, and enhanced animal productivity 101 7.3.4 OTHER YEAST & FUNGI SOURCES 101 8 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK 102 8.1 INTRODUCTION 103 8.2 POULTRY 105 8.2.1 RAPID DEMAND AND GROWTH OF POULTRY MEAT 105 8.3 SWINE 106 8.3.1 HIGH PORK CONSUMPTION IN ASIAN COUNTRIES 106 8.4 RUMINANTS 108 8.4.1 HIGH PER CAPITA CONSUMPTION OF BEEF AND GLOBAL RISE IN DEMAND FOR DAIRY PRODUCTS 108 8.5 AQUACULTURE 109 8.5.1 SUBSTANTIAL RISE IN GLOBAL AQUACULTURE FEED TONNAGE 109 8.6 PETS 112 8.6.1 SURGE IN PET OWNERSHIP IN NORTH AMERICA AND EUROPE 112 8.7 OTHER LIVESTOCK 113 9 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM 114 9.1 INTRODUCTION 115 9.2 DRY PROBIOTICS 116 9.2.1 BETTER FEED EFFICIENCY AND COST OPTIMIZATION 116 9.3 LIQUID PROBIOTICS 117 9.3.1 ENHANCED VIABILITY AND FEED TEXTURE UNIFORMITY 117 10 PROBIOTICS IN ANIMAL FEED MARKET, BY STRAIN 119 10.1 INTRODUCTION 120 10.2 SINGLE-STRAIN PROBIOTICS 121 10.2.1 RISING DEMAND FOR PRECISION-TARGETED GUT HEALTH SOLUTIONS WITH CONSISTENT PERFORMANCE IN SPECIES-SPECIFIC APPLICATIONS 121 10.3 MULTI-STRAIN PROBIOTICS 122 10.3.1 INCREASING PREFERENCE FOR BROAD-SPECTRUM BLENDS THAT OFFER MULTI-FUNCTIONAL BENEFITS UNDER VARIED CONDITIONS 122 11 PROBIOTICS IN ANIMAL FEED MARKET, BY FUNCTION 124 11.1 INTRODUCTION 124 11.2 NUTRITION 124 11.3 GUT HEALTH 125 11.4 YIELD 125 11.5 IMMUNITY 125 11.6 PRODUCTIVITY 126 12 PROBIOTICS IN ANIMAL FEED MARKET, BY DISTRIBUTION CHANNEL 127 12.1 INTRODUCTION 128 12.2 DIRECT SALES TO DISTRIBUTORS 129 12.3 DIRECT SALES TO LIVESTOCK GROWERS & FEED INTEGRATORS 130 12.4 OTHER DISTRIBUTION CHANNELS 131 13 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION 133 13.1 INTRODUCTION 134 13.2 NORTH AMERICA 136 13.2.1 US 140 13.2.1.1 Rising use of probiotics in animal feed due to increased livestock production 140   13.2.2 CANADA 141 13.2.2.1 Rising poultry consumption to drive market 141 13.2.3 MEXICO 142 13.2.3.1 Strengthening feed industry, surging meat exports, and high demand for poultry products 142 13.3 EUROPE 143 13.3.1 GERMANY 146 13.3.1.1 Rising exports and need for quality & compliance to drive market 146 13.3.2 UK 147 13.3.2.1 Rising meat values and production to boost demand for probiotic feed additives 147 13.3.3 FRANCE 148 13.3.3.1 High domestic production and export of livestock driving market growth 148 13.3.4 SPAIN 148 13.3.4.1 Expanding export and demand for meat products 148 13.3.5 ITALY 149 13.3.5.1 Growth of pet food and rising consumption of premium products 149 13.3.6 REST OF EUROPE 150 13.4 ASIA PACIFIC 151 13.4.1 CHINA 155 13.4.1.1 Rapid urbanization and rising demand for livestock 155 13.4.2 INDIA 156 13.4.2.1 Rising dairy industry to drive market growth 156 13.4.3 JAPAN 157 13.4.3.1 Increase in demand for premium-quality animal products 157 13.4.4 AUSTRALIA & NEW ZEALAND 158 13.4.4.1 Rising meat exports and production drive probiotic feed adoption 158 13.4.5 REST OF ASIA PACIFIC 159 13.5 SOUTH AMERICA 160 13.5.1 BRAZIL 163 13.5.1.1 Sustainable meat export demands fuel probiotic adoption in Brazil’s livestock production chain 163 13.5.2 ARGENTINA 164 13.5.2.1 Rising meat production spurs demand for probiotic feed solutions in Argentina’s livestock sector 164 13.5.3 REST OF SOUTH AMERICA 165 13.6 REST OF THE WORLD 166 13.6.1 MIDDLE EAST 169 13.6.1.1 High consumption of beef to fuel market 169 13.6.2 AFRICA 170 13.6.2.1 Well-developed livestock industry coupled with growing meat consumption 170 14 COMPETITIVE LANDSCAPE 171 14.1 OVERVIEW 171 14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 171 14.3 REVENUE ANALYSIS, 2020–2024 173 14.4 MARKET SHARE ANALYSIS, 2024 173 14.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 176 14.5.1 STARS 176 14.5.2 EMERGING LEADERS 176 14.5.3 PERVASIVE PLAYERS 176 14.5.4 PARTICIPANTS 177 14.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 178 14.5.5.1 Company footprint 178 14.5.5.2 Regional footprint 179 14.5.5.3 Source footprint 180 14.5.5.4 Livestock footprint 181 14.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 181 14.6.1 PROGRESSIVE COMPANIES 181 14.6.2 RESPONSIVE COMPANIES 182 14.6.3 DYNAMIC COMPANIES 182 14.6.4 STARTING BLOCKS 182 14.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 183 14.6.5.1 Detailed list of key startups/SMEs 183 14.6.5.2 Competitive benchmarking of key startups/SMEs 184 14.7 COMPANY VALUATION AND FINANCIAL METRICS 184 14.8 BRAND/PRODUCT COMPARISON 186 14.9 COMPETITIVE SCENARIO 187 14.9.1 PRODUCT LAUNCHES 187 14.9.2 DEALS 189 14.9.3 EXPANSIONS 190 15 COMPANY PROFILES 191 15.1 KEY PLAYERS 191 15.1.1 ADM 191 15.1.1.1 Business overview 191 15.1.1.2 Products/Solutions/Services offered 192 15.1.1.3 Recent developments 193 15.1.1.3.1 Deals 193 15.1.1.3.2 Expansions 193 15.1.1.4 MnM view 194 15.1.1.4.1 Right to win 194 15.1.1.4.2 Strategic choices 194 15.1.1.4.3 Weaknesses and competitive threats 194 15.1.2 DSM-FIRMENICH 195 15.1.2.1 Business overview 195 15.1.2.2 Products/Solutions/Services offered 196 15.1.2.3 MnM view 197 15.1.2.3.1 Right to win 197 15.1.2.3.2 Strategic choices 197 15.1.2.3.3 Weaknesses and competitive threats 197 15.1.3 EVONIK INDUSTRIES AG 198 15.1.3.1 Business overview 198 15.1.3.2 Products/Solutions/Services offered 199 15.1.3.3 Recent developments 200 15.1.3.3.1 Product launches 200 15.1.3.3.2 Deals 200 15.1.3.3.3 Expansions 200 15.1.3.4 MnM view 201 15.1.3.4.1 Right to win 201 15.1.3.4.2 Strategic choices 201 15.1.3.4.3 Weaknesses and competitive threats 201 15.1.4 INTERNATIONAL FLAVORS & FRAGRANCES INC. 202 15.1.4.1 Business overview 202 15.1.4.2 Products/Solutions/Services offered 203 15.1.4.3 Recent developments 204 15.1.4.3.1 Product launches 204 15.1.4.3.2 Deals 205 15.1.4.4 MnM view 205 15.1.4.4.1 Right to win 205 15.1.4.4.2 Strategic choices 205 15.1.4.4.3 Weaknesses and competitive threats 205 15.1.5 LAND O'LAKES, INC. 206 15.1.5.1 Business overview 206 15.1.5.2 Products/Solutions/Services offered 207 15.1.5.3 MnM view 207 15.1.5.3.1 Right to win 207 15.1.5.3.2 Strategic choices 207 15.1.5.3.3 Weaknesses and competitive threats 207 15.1.6 NOVONESIS GROUP 208 15.1.6.1 Business overview 208 15.1.6.2 Products/Solutions/Services offered 209 15.1.6.3 Recent developments 210 15.1.6.3.1 Product launches 210 15.1.6.3.2 Deals 211 15.1.6.4 MnM view 211 15.1.7 KEMIN INDUSTRIES, INC. 212 15.1.7.1 Business overview 212 15.1.7.2 Products/Solutions/Services offered 212 15.1.7.3 Recent developments 213 15.1.7.3.1 Product launches 213 15.1.7.3.2 Deals 213 15.1.7.4 MnM view 213 15.1.8 PHIBRO ANIMAL HEALTH CORPORATION 214 15.1.8.1 Business overview 214 15.1.8.2 Products/Solutions/Services offered 215 15.1.8.3 Recent developments 216 15.1.8.3.1 Deals 216 15.1.8.4 MnM view 216 15.1.9 CHURCH & DWIGHT CO., INC 217 15.1.9.1 Business overview 217 15.1.9.2 Products/Solutions/Services offered 218 15.1.9.3 MnM view 218 15.1.10 VIRBAC 219 15.1.10.1 Business overview 219 15.1.10.2 Products/Solutions/Services offered 220 15.1.10.3 Recent developments 221 15.1.10.3.1 Expansions 221 15.1.10.4 MnM view 221 15.1.11 LESAFFRE 222 15.1.11.1 Business overview 222 15.1.11.2 Products/Solutions/Services offered 222 15.1.11.3 MnM view 222 15.1.12 ALLTECH 223 15.1.12.1 Business overview 223 15.1.12.2 Products/Solutions/Services offered 223 15.1.12.3 MnM view 223 15.1.13 LALLEMAND INC. 224 15.1.13.1 Business overview 224 15.1.13.2 Products/Solutions/Services offered 224 15.1.13.3 Recent developments 225 15.1.13.3.1 Deals 225 15.1.13.4 MnM view 225 15.1.14 SANZYME BIOLOGICS 226 15.1.14.1 Business overview 226 15.1.14.2 Products/Solutions/Services offered 226 15.1.14.3 MnM view 226   15.1.15 ORFFA 227 15.1.15.1 Business overview 227 15.1.15.2 Products/Solutions/Services offered 227 15.1.15.3 Recent developments 227 15.1.15.3.1 Deals 227 15.1.15.4 MnM view 228 15.2 OTHER PLAYERS 229 15.2.1 ZEIGLER FEEDS 229 15.2.1.1 Business overview 229 15.2.1.2 Products/Solutions/Services offered 229 15.2.1.3 Recent developments 230 15.2.1.3.1 Product launches 230 15.2.1.4 MnM view 230 15.2.2 UNIQUE BIOTECH LIMITED 231 15.2.2.1 Business overview 231 15.2.2.2 Products/Solutions/Services offered 231 15.2.2.3 MnM view 232 15.2.3 PROVITA ANIMAL HEALTH 233 15.2.3.1 Business overview 233 15.2.3.2 Products/Solutions/Services offered 233 15.2.3.3 MnM view 234 15.2.4 INTERNATIONAL ANIMAL HEALTH PRODUCTS 235 15.2.4.1 Business overview 235 15.2.4.2 Products/Solutions/Services offered 235 15.2.4.3 MnM view 236 15.2.5 ADVANCED AQUA BIOTECHNOLOGIES 237 15.2.5.1 Business overview 237 15.2.5.2 Products/Solutions/Services offered 237 15.2.5.3 MnM view 238 15.2.6 CANBIOCIN INC. 239 15.2.7 INDOGULF COMPANY 240 15.2.8 PELLUCID LIFESCIENCES PVT. LTD. 241 15.2.9 ANIMALBIOME 242 15.2.10 NATIVE MICROBIALS 242 16 ADJACENT & RELATED MARKETS 243 16.1 INTRODUCTION 243 16.2 LIMITATIONS 243 16.3 FEED PHOSPHATES MARKET 243 16.3.1 MARKET DEFINITION 243 16.3.2 MARKET OVERVIEW 244   16.4 PROBIOTICS MARKET 244 16.4.1 MARKET DEFINITION 244 16.4.2 MARKET OVERVIEW 245 17 APPENDIX 246 17.1 DISCUSSION GUIDE 246 17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 249 17.3 CUSTOMIZATION OPTIONS 251 17.4 RELATED REPORTS 251 17.5 AUTHOR DETAILS 252

TABLE 1 INCLUSIONS AND EXCLUSIONS 28 TABLE 2 USD EXCHANGE RATES CONSIDERED, 2020–2024 29 TABLE 3 PROBIOTICS IN ANIMAL FEED MARKET SHARE SNAPSHOT, 2025 VS. 2030 (USD MILLION) 39 TABLE 4 PER CAPITA CONSUMPTION OF LIVESTOCK PRODUCTS 51 TABLE 5 AVERAGE SELLING PRICE OF PROBIOTICS, BY SOURCE, 2020–2025 (USD/TON) 64 TABLE 6 AVERAGE SELLING PRICE OF BACTERIA-BASED PROBIOTICS, BY REGION, 2020–2025 (USD/TON) 64 TABLE 7 AVERAGE SELLING PRICE OF YEAST/FUNGI-BASED PROBIOTICS, BY REGION, 2020–2025 (USD/TON) 65 TABLE 8 PROBIOTICS IN ANIMAL FEED MARKET: ROLE IN ECOSYSTEM (SUPPLY CHAIN) 66 TABLE 9 PATENTS PERTAINING TO PROBIOTICS IN ANIMAL FEED, 2021–2025 70 TABLE 10 TOP TEN IMPORTERS AND EXPORTERS OF PROBIOTICS-RELATED PRODUCTS, 2022 (KG) 71 TABLE 11 TOP TEN IMPORTERS AND EXPORTERS OF PROBIOTICS-RELATED PRODUCTS, 2023 (KG) 71 TABLE 12 TOP TEN IMPORTERS AND EXPORTERS OF PROBIOTICS-RELATED PRODUCTS, 2024 (KG) 72 TABLE 13 PROBIOTICS IN ANIMAL FEED MARKET: DETAILED LIST OF KEY CONFERENCES AND EVENTS, 2025–2026 72 TABLE 14 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77 TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77 TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78 TABLE 17 US ADJUSTED RECIPROCAL TARIFF RATES 79 TABLE 18 EXPECTED IMPACT LEVEL ON TARGET PRODUCTS WITH RELEVANT HS CODES DUE TO TRUMP TARIFF IMPACT 81 TABLE 19 EXPECTED TARIFF IMPACT ON END-USE INDUSTRIES 84 TABLE 20 PROBIOTICS IN ANIMAL FEED MARKET: PORTER’S FIVE FORCES ANALYSIS 85 TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES OF PROBIOTICS IN ANIMAL FEED 88 TABLE 22 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 89 TABLE 23 PROBIOTICS COMMONLY USED IN ANIMAL FEED 92 TABLE 24 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 93 TABLE 25 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 94 TABLE 26 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (KT) 94 TABLE 27 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (KT) 94 TABLE 28 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 95 TABLE 29 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 95 TABLE 30 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (KT) 95 TABLE 31 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (KT) 96 TABLE 32 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2020–2024 (USD MILLION) 96 TABLE 33 BACTERIA: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2025–2030 (USD MILLION) 96 TABLE 34 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 99 TABLE 35 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 99 TABLE 36 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (KT) 99 TABLE 37 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (KT) 100 TABLE 38 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2020–2024 (USD MILLION) 100 TABLE 39 YEAST & FUNGI: PROBIOTICS IN ANIMAL FEED MARKET, BY TYPE, 2025–2030 (USD MILLION) 100 TABLE 40 BENEFITS ASSOCIATED WITH ADMINISTRATION OF PROBIOTICS IN ANIMAL FEED 103 TABLE 41 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2020–2024 (USD MILLION) 104 TABLE 42 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2025–2030 (USD MILLION) 104 TABLE 43 BACTERIAL STRAINS USED IN MANUFACTURING PROBIOTICS FOR POULTRY 105 TABLE 44 POULTRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 105 TABLE 45 POULTRY: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 106 TABLE 46 PROBIOTIC MICROORGANISMS COMMONLY USED IN SWINE FEED 107 TABLE 47 SWINE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 107 TABLE 48 SWINE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 108 TABLE 49 RUMINANTS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 109 TABLE 50 RUMINANTS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 109 TABLE 51 APPLICATIONS OF PROBIOTICS IN AQUACULTURE 110 TABLE 52 AQUACULTURE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 111 TABLE 53 AQUACULTURE: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 111 TABLE 54 PETS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 112 TABLE 55 PETS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 112 TABLE 56 OTHER LIVESTOCK: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 113 TABLE 57 OTHER LIVESTOCK: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 113 TABLE 58 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2020–2024 (USD MILLION) 115 TABLE 59 PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2025–2030 (USD MILLION) 116 TABLE 60 DRY PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 116 TABLE 61 DRY PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 117 TABLE 62 LIQUID PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 117 TABLE 63 LIQUID PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 118 TABLE 64 PROBIOTICS IN ANIMAL FEED MARKET, BY STRAIN, 2020–2024 (USD MILLION) 120 TABLE 65 PROBIOTICS IN ANIMAL FEED MARKET, BY STRAIN, 2025–2030 (USD MILLION) 120 TABLE 66 SINGLE-STRAIN PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 121 TABLE 67 SINGLE-STRAIN PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 122 TABLE 68 MULTI-STRAIN PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 122 TABLE 69 MULTI-STRAIN PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 123 TABLE 70 PROBIOTICS IN ANIMAL FEED MARKET, BY DISTRIBUTION CHANNEL, 2020–2024 (USD MILLION) 128 TABLE 71 PROBIOTICS IN ANIMAL FEED MARKET, BY DISTRIBUTION CHANNEL, 2025–2030 (USD MILLION) 129 TABLE 72 DIRECT SALES TO DISTRIBUTORS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 129 TABLE 73 DIRECT SALES TO DISTRIBUTORS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 130 TABLE 74 DIRECT SALES TO LIVESTOCK GROWERS & FEED INTEGRATORS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 130 TABLE 75 DIRECT SALES TO LIVESTOCK GROWERS & FEED INTEGRATORS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 131 TABLE 76 OTHER DISTRIBUTION CHANNELS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 131 TABLE 77 OTHER DISTRIBUTION CHANNELS: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 132 TABLE 78 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 135 TABLE 79 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (USD MILLION) 135 TABLE 80 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (KT) 135 TABLE 81 PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2025–2030 (KT) 136 TABLE 82 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2020–2024 (USD MILLION) 137 TABLE 83 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 138 TABLE 84 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 138 TABLE 85 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 138 TABLE 86 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (KT) 138 TABLE 87 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (KT) 139 TABLE 88 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2020–2024 (USD MILLION) 139 TABLE 89 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2025–2030 (USD MILLION) 139 TABLE 90 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2020–2024 (USD MILLION) 140 TABLE 91 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2025–2030 (USD MILLION) 140 TABLE 92 US: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 141 TABLE 93 US: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 141 TABLE 94 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 141 TABLE 95 CANADA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 142 TABLE 96 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 142 TABLE 97 MEXICO: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 142 TABLE 98 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2020–2024 (USD MILLION) 143 TABLE 99 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 143 TABLE 100 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 144 TABLE 101 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 144 TABLE 102 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (KT) 144 TABLE 103 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (KT) 144 TABLE 104 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2020–2024 (USD MILLION) 145 TABLE 105 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2025–2030 (USD MILLION) 145 TABLE 106 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2020–2024 (USD MILLION) 145 TABLE 107 EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2025–2030 (USD MILLION) 146 TABLE 108 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 146 TABLE 109 GERMANY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 147 TABLE 110 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 147 TABLE 111 UK: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 147 TABLE 112 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 148 TABLE 113 FRANCE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 148 TABLE 114 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 149 TABLE 115 SPAIN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 149 TABLE 116 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 149 TABLE 117 ITALY: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 150 TABLE 118 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 150 TABLE 119 REST OF EUROPE: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 150 TABLE 120 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2020–2024 (USD MILLION) 152 TABLE 121 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 152 TABLE 122 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 152 TABLE 123 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 153 TABLE 124 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (KT) 153 TABLE 125 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (KT) 153 TABLE 126 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2020–2024 (USD MILLION) 153 TABLE 127 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2025–2030 (USD MILLION) 154 TABLE 128 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2020–2024 (USD MILLION) 154 TABLE 129 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2025–2030 (USD MILLION) 154 TABLE 130 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 155 TABLE 131 CHINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 155 TABLE 132 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 156 TABLE 133 INDIA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 156 TABLE 134 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 157 TABLE 135 JAPAN: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 157 TABLE 136 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 158 TABLE 137 AUSTRALIA & NEW ZEALAND: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 158 TABLE 138 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 159 TABLE 139 REST OF ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 159 TABLE 140 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2020–2024 (USD MILLION) 160 TABLE 141 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 160 TABLE 142 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 160 TABLE 143 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 161 TABLE 144 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (KT) 161 TABLE 145 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (KT) 161 TABLE 146 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2020–2024 (USD MILLION) 161 TABLE 147 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2025–2030 (USD MILLION) 162 TABLE 148 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2020–2024 (USD MILLION) 162 TABLE 149 SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2025–2030 (USD MILLION) 162 TABLE 150 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 163 TABLE 151 BRAZIL: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 163 TABLE 152 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 164 TABLE 153 ARGENTINA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 164 TABLE 154 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 165 TABLE 155 REST OF SOUTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 165 TABLE 156 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY REGION, 2020–2024 (USD MILLION) 166 TABLE 157 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 166 TABLE 158 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 166 TABLE 159 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 167 TABLE 160 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (KT) 167 TABLE 161 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (KT) 167 TABLE 162 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2020–2024 (USD MILLION) 167 TABLE 163 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2025–2030 (USD MILLION) 168 TABLE 164 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2020–2024 (USD MILLION) 168 TABLE 165 REST OF THE WORLD: PROBIOTICS IN ANIMAL FEED MARKET, BY FORM, 2025–2030 (USD MILLION) 168 TABLE 166 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 169 TABLE 167 MIDDLE EAST: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 169 TABLE 168 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2020–2024 (USD MILLION) 170 TABLE 169 AFRICA: PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025–2030 (USD MILLION) 170 TABLE 170 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN PROBIOTICS IN ANIMAL FEED MARKET 172 TABLE 171 PROBIOTICS IN ANIMAL FEED MARKET: DEGREE OF COMPETITION 174 TABLE 172 PROBIOTICS IN ANIMAL FEED MARKET: REGIONAL FOOTPRINT 179 TABLE 173 PROBIOTICS IN ANIMAL FEED MARKET: SOURCE FOOTPRINT 180 TABLE 174 PROBIOTICS IN ANIMAL FEED MARKET: LIVESTOCK FOOTPRINT 181 TABLE 175 PROBIOTICS IN ANIMAL FEED MARKET: KEY STARTUPS/SMES 183 TABLE 176 PROBIOTICS IN ANIMAL FEED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2024 184 TABLE 177 PROBIOTICS IN ANIMAL FEED MARKET: PRODUCT/SERVICE LAUNCHES AND ENHANCEMENTS, JANUARY 2021–MAY 2025 187 TABLE 178 PROBIOTICS IN ANIMAL FEED MARKET: DEALS, JANUARY 2021–MAY 2025 189 TABLE 179 PROBIOTICS IN ANIMAL FEED MARKET: EXPANSIONS, JANUARY 2021–MAY 2025 190 TABLE 180 ADM: COMPANY OVERVIEW 191 TABLE 181 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192 TABLE 182 ADM: DEALS, JANUARY 2021–MAY 2025 193 TABLE 183 ADM: EXPANSIONS, JANUARY 2021–MAY 2025 193 TABLE 184 DSM-FIRMENICH: COMPANY OVERVIEW 195 TABLE 185 DSM-FIRMENICH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196 TABLE 186 EVONIK INDUSTRIES AG: COMPANY OVERVIEW 198 TABLE 187 EVONIK INDUSTRIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 199 TABLE 188 EVONIK INDUSTRIES AG: PRODUCT LAUNCHES, JANUARY 2021–MAY 2025 200 TABLE 189 EVONIK INDUSTRIES AG: DEALS, JANUARY 2021–MAY 2025 200 TABLE 190 EVONIK INDUSTRIES AG: EXPANSIONS, JANUARY 2021–MAY 2025 200 TABLE 191 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY OVERVIEW 202 TABLE 192 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203 TABLE 193 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCT LAUNCHES, JANUARY 2021–MAY 2025 204 TABLE 194 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS, JANUARY 2021–MAY 2025 205 TABLE 195 LAND O'LAKES, INC.: COMPANY OVERVIEW 206 TABLE 196 LAND O'LAKES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207 TABLE 197 NOVONESIS GROUP: COMPANY OVERVIEW 208 TABLE 198 NOVONESIS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209 TABLE 199 NOVONESIS GROUP: PRODUCT LAUNCHES, JANUARY 2021–MAY 2025 210 TABLE 200 NOVONESIS GROUP: DEALS, JANUARY 2021–MAY 2025 211 TABLE 201 KEMIN INDUSTRIES, INC.: COMPANY OVERVIEW 212 TABLE 202 KEMIN INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212 TABLE 203 KEMIN INDUSTRIES, INC.: PRODUCT LAUNCHES, JANUARY 2021–MAY 2025 213 TABLE 204 KEMIN INDUSTRIES, INC.: DEALS, JANUARY 2021–MAY 2025 213 TABLE 205 PHIBRO ANIMAL HEALTH CORPORATION: COMPANY OVERVIEW 214 TABLE 206 PHIBRO ANIMAL HEALTH CORPORATION: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 215 TABLE 207 PHIBRO ANIMAL HEALTH CORPORATION: DEALS, JANUARY 2021–MAY 2025 216 TABLE 208 CHURCH & DWIGHT CO., INC.: COMPANY OVERVIEW 217 TABLE 209 CHURCH & DWIGHT CO., INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 218 TABLE 210 VIRBAC: COMPANY OVERVIEW 219 TABLE 211 VIRBAC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 220 TABLE 212 VIRBAC: EXPANSIONS, JANUARY 2021–MAY 2025 221 TABLE 213 LESAFFRE: COMPANY OVERVIEW 222 TABLE 214 LESAFFRE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222 TABLE 215 ALLTECH: COMPANY OVERVIEW 223 TABLE 216 ALLTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223 TABLE 217 LALLEMAND INC.: COMPANY OVERVIEW 224 TABLE 218 LALLEMAND INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 224 TABLE 219 LALLEMAND INC.: DEALS, JANUARY 2021–MAY 2025 225 TABLE 220 SANZYME BIOLOGICS: COMPANY OVERVIEW 226 TABLE 221 SANZYME BIOLOGICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226 TABLE 222 ORFFA: COMPANY OVERVIEW 227 TABLE 223 ORFFA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 227 TABLE 224 ORFFA: DEALS, JANUARY 2021–MAY 2025 227 TABLE 225 ZEIGLER FEEDS: COMPANY OVERVIEW 229 TABLE 226 ZEIGLER FEEDS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229 TABLE 227 ZEIGLER FEEDS: PRODUCT LAUNCHES, JANUARY 2021–MAY 2025 230 TABLE 228 UNIQUE BIOTECH LIMITED: COMPANY OVERVIEW 231 TABLE 229 UNIQUE BIOTECH LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 231 TABLE 230 PROVITA ANIMAL HEALTH: COMPANY OVERVIEW 233 TABLE 231 PROVITA ANIMAL HEALTH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233 TABLE 232 INTERNATIONAL ANIMAL HEALTH PRODUCTS: COMPANY OVERVIEW 235 TABLE 233 INTERNATIONAL ANIMAL HEALTH PRODUCTS: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 235 TABLE 234 ADVANCED AQUA BIOTECHNOLOGIES: COMPANY OVERVIEW 237 TABLE 235 ADVANCED AQUA BIOTECHNOLOGIES: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 237 TABLE 236 ADJACENT MARKETS 243 TABLE 237 FEED PHOSPHATES MARKET, BY TYPE, 2019–2022 (USD MILLION) 244 TABLE 238 FEED PHOSPHATES MARKET, BY TYPE, 2023–2028 (USD MILLION) 244 TABLE 239 PROBIOTICS MARKET, BY END USER, 2020–2023 (USD BILLION) 245 TABLE 240 PROBIOTICS MARKET, BY END USER, 2024–2029 (USD BILLION) 245 FIGURE 1 PROBIOTICS IN ANIMAL FEED MARKET: RESEARCH DESIGN 31 FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—COLLECTIVE REVENUE OF ALL PRODUCTS 34 FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) 35 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (TOP-DOWN) 35 FIGURE 5 PROBIOTICS IN ANIMAL FEED MARKET: DATA TRIANGULATION 36 FIGURE 6 POULTRY SEGMENT TO HOLD LARGEST SHARE OF LIVESTOCK MARKET TILL 2030 40 FIGURE 7 BACTERIA TO ACCOUNT FOR LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 41 FIGURE 8 DRY FORM TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 41 FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 42 FIGURE 10 RISING LIVESTOCK PRODUCTION IN ASIA PACIFIC BOOSTS DEMAND FOR PROBIOTICS AS ANTIBIOTIC ALTERNATIVES 43 FIGURE 11 CHINA TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 44 FIGURE 12 CHINA AND POULTRY SEGMENT TO ACCOUNT FOR SIGNIFICANT SHARES IN 2024 44 FIGURE 13 BACTERIA SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 45 FIGURE 14 POULTRY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 46 FIGURE 15 DRY FORM SEGMENT TO RETAIN LARGEST MARKET SHARE TILL 2030 46 FIGURE 16 LIVESTOCK GLOBAL CARBON FOOTPRINT 48 FIGURE 17 COMPOUND FEED PRODUCTION, 2012–2022 (MILLION METRIC TONNES) 48 FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: PROBIOTICS IN ANIMAL FEED MARKET 49 FIGURE 19 ADOPTION OF GEN AI IN PROBIOTICS IN ANIMAL FEED 57 FIGURE 20 VALUE CHAIN ANALYSIS OF PROBIOTICS IN ANIMAL FEED MARKET 61 FIGURE 21 AVERAGE SELLING PRICE OF PROBIOTICS, BY SOURCE, 2023–2025 (USD/TON) 64 FIGURE 22 PROBIOTICS IN ANIMAL FEED MARKET MAP 66 FIGURE 23 PROBIOTICS IN ANIMAL FEED: ECOSYSTEM 67 FIGURE 24 PROBIOTICS IN ANIMAL FEED MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 68 FIGURE 25 PATENTS APPLIED AND GRANTED, 2015–2024 69 FIGURE 26 PROBIOTICS IN ANIMAL FEED MARKET: PORTER’S FIVE FORCES ANALYSIS 85 FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY SOURCES 87 FIGURE 28 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 88 FIGURE 29 PROBIOTICS IN ANIMAL HEALTH: INVESTMENT AND FUNDING SCENARIO 90 FIGURE 30 PROBIOTICS IN ANIMAL FEED MARKET, BY SOURCE, 2025 VS. 2030 (USD MILLION) 93 FIGURE 31 PROBIOTICS IN ANIMAL FEED MARKET, BY LIVESTOCK, 2025 VS. 2030 (USD MILLION) 104 FIGURE 32 DRY FORM TO DOMINATE MARKET DURING FORECAST PERIOD 115 FIGURE 33 MULTI-STRAIN PROBIOTICS TO DOMINATE MARKET TILL 2030 120 FIGURE 34 DIRECT SALES TO DISTRIBUTORS TO DOMINATE MARKET DURING FORECAST PERIOD 128   FIGURE 35 CHINA TO RECORD FASTEST GROWTH FROM 2025 TO 2030 134 FIGURE 36 NORTH AMERICA: PROBIOTICS IN ANIMAL FEED MARKET SNAPSHOT 137 FIGURE 37 ASIA PACIFIC: PROBIOTICS IN ANIMAL FEED MARKET SNAPSHOT 151 FIGURE 38 ANNUAL REVENUE ANALYSIS FOR KEY PLAYERS, 2020–2024 173 FIGURE 39 PROBIOTICS IN ANIMAL FEED MARKET SHARE ANALYSIS, 2024 174 FIGURE 40 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024 177 FIGURE 41 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY FOOTPRINT 178 FIGURE 42 PROBIOTICS IN ANIMAL FEED MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 182 FIGURE 43 COMPANY VALUATION OF KEY VENDORS 184 FIGURE 44 FINANCIAL METRICS OF KEY VENDORS 185 FIGURE 45 YEAR-TO-DATE PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS 185 FIGURE 46 PROBIOTICS IN ANIMAL HEALTH MARKET: BRAND/PRODUCT COMPARISON 186 FIGURE 47 ADM: COMPANY SNAPSHOT 192 FIGURE 48 DSM-FIRMENICH: COMPANY SNAPSHOT 196 FIGURE 49 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT 199 FIGURE 50 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT 203 FIGURE 51 LAND O'LAKES, INC.: COMPANY SNAPSHOT 206 FIGURE 52 NOVONESIS GROUP: COMPANY SNAPSHOT 209 FIGURE 53 PHIBRO ANIMAL HEALTH CORPORATION: COMPANY SNAPSHOT 215 FIGURE 54 CHURCH & DWIGHT CO., INC.: COMPANY SNAPSHOT 218 FIGURE 55 VIRBAC: COMPANY SNAPSHOT 220