The
featured report, titled “Prebiotics In Animal Feed Market - Global
Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 -
2019”, from Transparency Market Research (TMR) offers a 360-degree
view of the market. According to this research study, the global
prebiotics in animal feed market will expand at a marked CAGR of
11.90% during the forecast period from 2013 to 2019. In 2012, the
global prebiotics in animal feed market was worth US$213.9 mn and by
2019, it is projected to be worth US$461.3 mn.
The
global prebiotics in animal feed market is driven by the rise in
global meat consumption. According to the USDA, the per capita
consumption of red meat and poultry in 1990 was estimated at 197.5
pounds, and in 2015 it was estimated at 210.8 pounds. In addition to
this, the multiple health benefits associated with the usage of
prebiotics for animals will also drive the global prebiotics in
animal feed market. The ban on the use of antibiotics in animal feed
in many nations will also fuel the global prebiotics in animal feed
market. On the other hand, the greater market visibility of
probiotics will suppress the global prebiotics in animal feed market.
The stringent regulations and legislations related to approval of
prebiotics used in animal feed will also challenge the global
prebiotics in animal feed market greatly.
According
to the animals that are fed prebiotics, the global prebiotics in
animal feed market is divided into aquaculture, cattle, poultry,
swine, and others. The segments of poultry and cattle are considered
the most lucrative segments. In 2012, these segments collectively
held a 60.8% share in the global prebiotics in animal feed market,
out of which the poultry segment held the larger share. The segment
of poultry is projected to dominate the global
prebiotics in animal feed market in the years to come. In
2012, the aquaculture segment held a share of 7.8% in the global
prebiotics in animal feed market. According to TMR, this segment is
expected to lose its market share in the coming few years due to the
decline in aqua feed oxidation.
Geography-wise,
the global prebiotics in animal feed market is divided into Europe,
Asia Pacific, North America, and Rest of the World. In 2012, Europe
dominated the global prebiotics in animal feed market with a
substantial share of 40%. This regional market is projected to
continue its dominance during the forecasting horizon. The Europe
prebiotics in animal feed market is driven by the ban on antibiotics
in animal feed in an increasing number of regions. By the end of
2019, the Europe segment is expected to grow at a strong pace and
account for almost half of the market.
The
rising consumer awareness about the benefits of prebiotics will
provide a good growth opportunity for players in the global
prebiotics in animal feed market. The research study offers valuable
data on the awareness about the uses and benefits of prebiotics in
the United States for the period from 2009 to 2011.Some of the key
players operating in the global prebiotics in animal feed market are
Beghin Meiji, Cargill Incorporated, Abbott Laboratories, Royal Cosun,
and Jarrow Formulas.
Key
segments of the Global Prebiotics in Animal Feed Market
Global
Prebiotics in Animal Feed Market – by Type
- Swine
- Poultry
- Cattle
- Aquaculture
- Others
Construction
Equipment Market by Geography
- North America
- Asia Pacific
- Europe
- Rest of the World
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