Prebiotics in Animal Feed Market is anticipated to grow at a steady CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Prebiotics in Animal Feed Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global prebiotics in animal feed market is estimated to be over US$ 292.23 million in 2018. It is anticipated to grow at a steady CAGR from 2019 to 2030.
Prebiotics are compounds, used to increase the growth/activity of beneficial microorganisms such as bacteria and fungi. Moreover, it is also used to enhance the production of vitamins. The main source of prebiotics is plant material such as hay or alfalfa. Prebiotics are used to improve digestive system, increase bone density, make immune system strong, and increase calcium and magnesium absorption among others. Multiple health benefits associated with prebiotics for animals is considered as the major driving factor for the growth of this market.
The use of prebiotics in animal feed is growing rapidly due to a high demand for prebiotics supplements particularly for animals. The consumption of prebiotic supplements has been growing due to various advantages associated with prebiotic supplements such as not getting affected by temperature changes, high stability and convenience to store for a long time. Moreover, they can be added to almost every type of drink as well as food without reducing its effectiveness. Hence, numerous advantages of prebiotic supplements have been appending the market growth.
Various complications and regulations associated with prebiotics have been negatively impacting the market growth. Additionally, fluctuations in raw material prices is a major factor responsible for limiting the market growth. Lack of awareness regarding health benefits associated with prebiotics in some geographical areas such as the Middle East & Africa is one of the restraining factors in the operating market.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, 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 in detail along with the table of contents:https://www.marketindustryreports.com/prebiotics-in-animal-feed-market/190
Europe is estimated to witness healthy CAGR during the forecast period and hold the largest share in the global prebiotics in the animal feed market. Additionally, Europe is expected to maintain its dominance for the next few years due to the ban on the use of antibiotics in animal feed. Thus, European customers have been looking for better alternatives to antibiotics, which will further boost the market growth.
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
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