The North America feed probiotics market has been estimated at USD 64.25 million in 2017. The market is expected to register a CAGR of 10.72% during the forecast period, 2018 to 2023. United States accounted for the largest market, accounting for around 52.2% of the North America market share, while Canada was estimated to register the fastest CAGR through the forecast period, 2018-2023.
Demand of probiotics in North America
Probiotics are widely used in farm livestock, companion animals and in aquaculture, as they are principally associated with reducing clinical disease and increasing growth rates. The U.S. probiotics market for poultry, is likely to grow at steady rates owing to increase in meat consumption, particularly chicken.
In this regard, poultry occupies the larger market share followed by swine and ruminants.
Lactobacilli is one of the most largely commercially available sources of probiotics in feed. Countries of North America are expected to become major markets owing to the high awareness among consumers and it will contributes to the growth of the North America probiotics in feed market in the near future.
On the basis of geography, United States dominates the region followed by Canada and Mexico.
Livestock Disease Outbreak Fuelling Market Growth
The demand in North America for probiotics in feed is growing significantly, as the awareness about animal health among breeders, increasing demand for nutrient-rich feed for animals, and increasing demand for quality animal feed products. Food safety has become an important issue for many governments around the world, especially in North America. Consumers of North America are now more aware and informed and giving importance to the extrinsic quality attributes of the meat they consume and conditions under which their meat is produced. Certain pathogenic and parasitic contaminations in meat products such as salmonella, listeria and E. coli, along with various disease outbreaks in livestock animals such as swine flu and foot and mouth disease in the past decade have raised concerns over meat quality and safety.
Key Developments in the Market
¥ December, 2017 - Neovia announced the acquisition of Epicore, which is a North American company specialized in the manufacture of larval feed and probiotics on the global aquaculture market.
¥ December, 2017 - DSM Acquires BioCare Copenhagen to Increase Gut Health Ingredients Portfolio with Probiotics
Major Key Players: ROYAL DSM N.V, LALLEMAND, DUPONT, LIFE PRODUCTS INC, PROVITA amongst others
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1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends
4.2 Market Trends
4.3 PorterÃ•s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics
5.1.1 Expansion of Animal Derived Products' Market
5.1.2 Better Standard Of Living & Increase in Preference
5.2.1 Regulatory Structure & Intervention
5.2.2 Unavailability of Raw Materials
5.3.1 Ban on Antibiotics Opening New Avenues for Non Antibiotic Growth Promoters (NGPS)
6. North America Feed Probiotics Market, By Type
7. North America Feed Probiotics Market, By Animal Type
8. North America Feed Probiotics Market, By Country
8.1 United States
8.3 Rest of North America
9. Competitive Landscape and Introduction
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Attune Foods, LLC
10.2 Royal Dsm N.V.
10.4 Chr. Hansen A/S
10.5 Du Pont
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.