According to a new market research report published by Credence Research “Prebiotics In Animal Feed Market
(Insulin, Mannan oligosaccharides (MOS), Galacto oligosaccharides
(GOS),Fructo Oligosaccharide (FOS) and Other - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2015 - 2022”the global
prebiotics in animal feed market was valued at US$ 220.3Mn in 2014 and
is estimated to expandwith a CAGR of 11.2% from 2015 to 2022.
Browse the full report at http://www.credenceresearch.com/report/prebiotics-in-animal-feed-market
Market Insights
The global market for prebiotics in
animal feed is majorly backed by the rise in consumption of meat across
the globe. Furthermore, multiple health benefits associated with
prebiotics when use in animal feedsuch as better digestion, enhancing
animal performance and the immune systemis another factor propelling the
demand for prebiotics in animal feed.
During the past decade, due to their
therapeutic effects antibiotics have been widely used in livestock
diets. Nevertheless, due to concern regarding the usage of antibiotic in
animal feed might contribute to an increase of bacterial antibiotic
resistance, some countries had restricted the use of some types of
antibiotics. In 2006, European Union (EU) has introduced anoverall ban
on the usage of antibiotics as feed additives. Thus prebiotics, have
emerged as an alternative to antibiotics in animal feed which can not
only reduce enteric diseases in livestock animal but also enhance their
productivity. Thus, the ban impose on usage of antibiotics in animal
feed by many countrieswill also drive the overall market demand for
prebiotics in animal feed.
Stringent government guidelines
regarding the approval and usage of prebiotics in animal feed coupled up
with greater market visibility and shelf space of probiotics is
significantly hampering the market growth. However, increasing awareness
regarding the health benefits associated with the usage of prebiotics
in animal feed is projected to fuel the market demand in the near
future.
Competitive Insights:
The global market is highly fragmented
due to presence of various multinational and regional players.
Therefore, none accounts for significant share of the market pie. The
market is characterized by a moderate level of forward and backward
integration. Some of the key players present in this market are Beghin
Meiji, FrieslandCampina Domo, Cargill Incorporated, Paramus and Abbott
Laboratories.
Key Trends:
- Geographical expansion through organic as well as inorganic growth
- Focus on enhancing different product/ ingredients type of prebiotics
- Rising awareness regarding the benefits associated with prebiotics in animal feed will fuel the market growth
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Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph.: 1-800-361-8290
Website: http://www.credenceresearch.com
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