The global animal feed probiotics market was valued at $200 million in 2021 and will surpass revenue collection of $390 million by 2030, according to Global Market Insights, Inc. The company reports an annual growth rate of 7% from 2022 to 2030.
Major corporations are increasing their research and development spending to introduce new types of animal feed, which will positively influence market expansion. The demand for convenient and ready-to-eat meat products is rising, likely to drive industry revenues in the European region. Furthermore, the Asia Pacific market is set to experience growth due to an increase in the prevalence of intestinal disorders in cattle.