Prebiotics are the non - digestible functional ingredients that selectively stimulate the growth of favorable bacteria’s in the gut of the host. Prebiotics facilitate the immune system thereby improving animal health.The market for prebiotics in animal feed is growing on the back of rising meat consumption. Meat and its products is considered as one of the major source of proteins, vitamins and mineralswhich are essential for growth and development.
Prebiotics in animal feed enhance the overall health and metabolism of animals. Furthermore, use of prebiotics in animal feed improves the digestion, animal performance and immune systems is expected to augment market growth. Many countries has imposed a ban on usage of antibiotics as growth promoters in animal feed. Therefore, prebiotics emerged as the new alternative for antibiotics. Thus, the ban impose on usage of antibiotics in animal feed by many countries will propel the overall market demand for prebiotics in animal feed.
However, greater shelf space and market visibility of probiotics can hamper the market growth for prebiotics. Moreover, stringent government regulations regarding the use of prebiotics in animal feed is another major factor which will hindermarket growth. The rising awareness about the benefits of prebiotics will provide a good growth opportunity for players present in this market.
The report titled “Global Prebiotics in Animal FeedMarket- Growth, Share, Opportunities and Competitive Analysis, 2020 – 2029” offers strategic insights into the global prebiotics in animal feed market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on products type, livestock type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2019 & 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading prebiotics in animal feed manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis and key developments. The major players profiled in the report areFrieslandCampina Domo, Arrow Formulas, Inc, Roquette Freres S.A, Royal Cosun, Yakult Honsha Co. Ltd., Abbott Laboratories, BENEO-Orafti SA, Cargill Incorporated, Cosucra-GroupeWarcoing SA and
Beghin Meiji. Further, the report also covers market positioning of the key players operating in the prebiotics in animal feed market. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global prebiotics in animal feed market, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above mentioned factors.
Meat and meat products contain important levels of protein, vitamins, minerals and micronutrients which are essential for growth and development.Poultry is the most widely consumed meat worldwide as a source of protein as no religious taboo is associated with it. Cattle and Swine are the next most consumed meat worldwide. The market for these meat are restricted due to religious concerns associated with them. According to FAO& Food and Agriculture Organization of the United Nations, world average meat consumption is 41.90 kg per person per year.
Poultry and cattle are two most prominent users of prebiotics as these are two most consumed animal meat worldwide. They together accounted for than 60% share of the market pie in 2019 in terms of volume as well as revenue. Rising health concerns, increase in awareness about the benefits of prebiotics are the factors increasing the market demand. Swine is the next lucrative segment for prebiotics and is projected to grow at a CAGR of 11% in terms of revenue during the forecast period. Aquaculture and other segment is projected to witness average growth rate during the forecast period.
In 2019, inulin and mannan oligosaccharides (MOS) accounted for more than 50% share of the market pie in terms of volume as well as revenue. inulin segment demand was around 20 kilo tons in 2019. inulin is the most extensively used prebiotics in animal feed due to its diversified health benefits such as slowing & improving digestion process, increasing fullness among others. Moreover, it is easily available from various natural source thus becoming one of the most required prebiotic ingredient in animal feed.
Mannan oligosaccharides (MOS) segment accounted for a share of over 20% in 2019 in terms of volume as well as revenue. MOS as a nutritional supplement offers a natural approach to support the microfloraof various livestock animal, thus improving overall health, well-being and longevity. Galacto oligosaccharides (GOS) segment is projected to witness highest growth rate during the forecast period owing to several health benefits including increase in mineral absorption, relief of constipation, and enhancement of the internal defence system. FructoOligosaccharide (FOS) segment accounted for 13% share of the market pie in terms of volume in 2019. FOS helps in promoting the growth of healthy bacteria which avoids digestive issues. Other prebiotics in animal feed is projected to witness above average growth rate during the forecast period.
In 2019, Europe dominated the market, holding a market share of 41.5%, and the region is projected to maintain its dominance during the forecast period. Increasing ban on usage of antibiotics in animal feed and risinghealth concerns are the factors contributing towards the market growth. The market is also characterized by continuous product development in animal feed segment.
In 2019, North America and Asia Pacific collectively held close to 49% of the prebiotics in animal feed market. North Americanprebiotics animal feed market is projected to grow at a modest growth rate.Asia Pacific is projected to be the fastest growing market on account of high demand from India, China and Japan. Moreover, rising awareness regarding health benefits of prebiotics is another factor which will propel market demand in this region.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Prebiotics In Animal Feed market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Livestock Type
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Product
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
