Prebiotics in Animal Feed Market by Product (Inulin, Fructo Oligosaccharide (FOS), Mannan oligosaccharides (MOS), Galacto oligosaccharides (GOSs)), Livestock Type (Swine, Aquaculture, Cattle, Poultry) -Analysis & Forecast 2019-2030
Report ID : 190 | Published Date : May 2020 | Pages : 160 | Region : Global | Report Code : FB-24
Prebiotics in Animal Feed Market Overview and Introduction
Good bacteria plays an important role in inhibiting the growth of pathogens (disease causing bacteria), regulating immune system, digesting food, and others. Prebiotics are used to boost the growth of good bacteria in the gastrointestinal microbiota (gut). The major source of prebiotics is dietary fiber (naturally occuring in fruits and vegetables).
The global prebiotics in animal feed market is driven by numerous health benefits associated with prebiotics in animal feed, continuously rising the consumption of meat across the globe and a ban on the use of antibiotics in animal feed in several regions including Europe. However, lack of awareness about benefits of prebiotics supplements in many regions including Middle East & Africa and fluctuation in the prices of raw materials are factors restraining market growth.
The global prebiotics in animal feed market is segmented by product, livestock type, and region.
Prebiotics in Animal Feed Market By Product
Based on product, the prebiotics in animal feed market is segmented into inulin, Fructo-Oligosaccharide (FOS), Mannan-Oligosaccharides (MOS), Galacto-Oligosaccharides (GOSs), and others. In terms of market growth, inulin sub segment is expected to grow at a healthy CAGR owing to rising awareness regarding health benefits associated with it, such as improving bone density & digestive system among others, and increased use of inulin in functional foods.
Prebiotics in Animal Feed Market By Livestock Type
Based on livestock type, the market is segmented into swine, aquaculture, cattle, poultry, and others. In terms of market share, the poultry segment is estimated to account for the largest market share. The dominance of this sub-segment is attributed to the increasing consumption of poultry products such as chicken meat and eggs from highly populated countries. Poultry and cattle together hold more than half of total market share globally.
Prebiotics in Animal Feed Market By Region
The global prebiotics in animal feed market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Europe dominated the prebiotics in animal feed market due to the continuous expansion of meat sector across Europe. Furthermore, the ban on use of antibiotics in animal feed by European countries further propelled the growth of prebiotics in animal feed market. Asia Pacific region is the fastest growing segment. The growth of this region can be attributed to the increasing demand from high meat consuming countries such as China, and India for meat processed products.
Prebiotics in Animal Feed Market Prominent Players
Some prominent players in the global prebiotics in animal feed market include BEHN MEYER, BENEO, Cargill Incorporated., COSUCRA., Jarrow Formulas, Inc.,Tereos, DuPont, Provita Nutrition and Health Inc.,NOVUS INTERNATIONAL, and Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH among others