Market Insights
Prebiotics are non– digestible functional ingredients that selectively stimulate the growth of favorable bacteria 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 are considered one of the major sources of proteins, vitamins, and minerals, which are essential for growth and development.
Prebiotics in animal feed enhance the overall health and metabolism of animals. Furthermore, the use of prebiotics in animal feed improves digestion, animal performance, and immune systems, which is expected to augment market growth. Many countries have imposed a ban on the usage of antibiotics as growth promoters in animal feed. Therefore, prebiotics emerged as the new alternative to antibiotics. Thus, the ban imposed by many countries on the usage of antibiotics in animal feed will propel the overall market demand for prebiotics in animal feed.
However, greater shelf space and market visibility for probiotics can hamper the market growth for prebiotics. Moreover, stringent government regulations regarding the use of prebiotics in animal feed are another major factor that will hinder the market 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 Feed Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2022” offers strategic insights into the global prebiotics in the animal feed market along with the market size and estimates for the duration of 2014–2022. The said research study covers an in-depth analysis of multiple market segments based on product type, livestock type, and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2014 and 2022. The report also provides a prolific view of 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 (Strengths, Challenges, Opportunities, and Weaknesses) analysis, and key developments. The major players profiled in the report are: FrieslandCampina Domo, Arrow Formulas, Inc., Roquette Freres S.A., Royal Cosun, Yakult Honsha Co. Ltd., Abbott Laboratories, BENEO-Orafti SA, Cargill Incorporated, Cosucra-Groupe Warcoing SA and
Beghin Meiji. Further, the report also covers the market positioning of the key players operating in the prebiotics market for animal feed for animal feed.
Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the prebiotics in the animal feed industry
- Market fuelers, market impediments, and their impact on market growth
- in-depth competitive environment analysis
- SRC (Segment, Region, Country) Analysis
Overall, the research study provides a holistic view of the global prebiotics market in animal feed, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above-mentioned factors.
On the basis of livestock type, the prebiotics in the animal feed market is categorized into the following segments:
- Poultry
- Cattle
- Swine
- Aquaculture
- Others (equine, rabbits, etc.)
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 meats worldwide. The market for these meats is restricted due to religious concerns associated with them. According to the Food and Agriculture Organization of the United Nations, the world’s average meat consumption is 41.90 kg per person per year.
Poultry and cattle are the two most prominent users of prebiotics, as these are the two most consumed animal types of meat worldwide. Together, they accounted for more than 60% of the market pie in 2014, both in terms of volume and revenue. Rising health concerns and an increase in awareness about the benefits of prebiotics are the factors increasing 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 segments are projected to witness average growth rates during the forecast period.
On the basis of product type, the prebiotics market in animal feed is categorized into the following segments:
- Inulin
- Mannan oligosaccharides (MOS)
- Galactooligosaccharides (GOSs)
- Fructooligosaccharide (FOS)
- Others (lactulose, lactobionic acid, etc.)
In 2014, inulin and mannan oligosaccharides (MOS) accounted for more than 50% of the market pie in terms of volume as well as revenue. Inulin segment demand was around 20 kilotons in 2014. Inulin is the most extensively used prebiotic in animal feed due to its diversified health benefits, such as slowing and improving digestion and increasing fullness, among others. Moreover, it is easily available from various natural sources, making it one of the most required prebiotic ingredients in animal feed.
Mannan oligosaccharides (MOS) accounted for a share of over 20% in 2014, both in terms of volume and revenue. MOS, as a nutritional supplement, offers a natural approach to supporting the microflora of various livestock animals, thus improving overall health, well-being, and longevity. The galactooligosaccharides (GOS) segment is projected to witness the highest growth rate during the forecast period owing to several health benefits, including an increase in mineral absorption, relief of constipation, and enhancement of the internal defense system. The fructooligosaccharide (FOS) segment accounted for 13% of the pie in terms of market volume in 2014. FOS helps promote the growth of healthy bacteria, which avoids digestive issues. Other prebiotics in animal feed is projected to witness an above-average growth rate during the forecast period.
On the basis of geography, the global prebiotics market in animal feed is segmented into the following regions:
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
In 2014, 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 bans on the usage of antibiotics in animal feed and rising health concerns are the factors contributing to market growth. The market is also characterized by continuous product development in the animal feed segment.
In 2014, North America and Asia Pacific collectively held close to 49% of the prebiotics market in animal feed. The North American prebiotics animal feed market is projected to grow at a modest 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 the health benefits of prebiotics is another factor that will propel market demand in this region.
