USD 6.05 billion
Feed Prebiotics Market Size, Share, Growth Analysis, By Type(Lactulose, Mannan-Oligosaccharide (MOS), Soy Fructo-Oligosaccharide (FOS), Galacto-Oligosaccharide (GOS)), By Application(Swine, Poultry, Ruminants, Aquaculture), By Region - Industry Forecast 2024-2031
Report ID:
SQSG30C2035 |
Region:
Global |
Published Date: October, 2024
Pages:
234
|Tables:
67
|Figures:
75
Feed Prebiotics Market Insights
Feed Prebiotics Market size was valued at USD 6.95 billion in 2022 and is poised to grow from USD 7.99 billion in 2023 to USD 24.26 billion by 2031, growing at a CAGR of 14.9% in the forecast period (2024-2031).
Prebiotics are non-digestible functional substances that selectively promote the growth of beneficial bacteria in the host's digestive tract. When fed to animals, prebiotics boosts their immune systems and overall health which is driving the demand for the use of prebiotics in animal feed. It's given to animal feed to keep digestive systems healthy and stop disease-causing microbes from spreading. Growing meat consumption and regulations prohibiting the use of antibiotics as growth promoters in animal feed are fueling the feed prebiotics market and propelling it throughout the analysis period.
US Feed Prebiotics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Inulin
Fastest Growth
Inulin
Growth Rate
14.9% CAGR
Global Feed Prebiotics Market 2024-2031 ($ Mn)
Country Share for North America Region- 2021 (%)
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Feed Prebiotics Market Segmental Analysis
The Global Feed Prebiotics Market is segmented based on type, application, and region. Based on type, the market is segmented into lactulose, mannan-oligosaccharide (MOS), soy fructo-oligosaccharide (FOS), galacto-oligosaccharide (GOS), and inulin. Based on application, the market is segmented into swine, poultry, ruminants, aquaculture, and other animals. Based on region, the global Feed Prebiotics market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Feed Prebiotics Market Analysis by Type
In 2021, the inulin sector accounted for more than 36% of the global feed prebiotics market and is expected to hold the same during the analysis period. The Galacto-Oligosaccharide (GOS) sector is expected to register the fastest growth during the analysis period. Chicory has been a significant source of inulin and oligofructose for functional food applications. The inulin in chicory comes from the plant's root and is a fantastic addition to healthy and productive feed. As a result of its use in this way, chicory inulin has been linked to numerous health advantages. There is a one-to-one relationship between the cost of chicory and the cost of inulin and oligofructose. The profit margin of prebiotic producers is impacted by the ups and downs in chicory prices.
Feed Prebiotics Market Analysis by Application
In 2021, the poultry sector accounted for the largest market share of the global feed prebiotics market, and ruminant feed is predicted to show the fastest growth during the analysis period for the feed prebiotic market. This dominance is due to the increasing demand for poultry and dairy products in developing countries and prebiotics provide better nutrient absorption that reduces the feed cost which helps farmers to earn profit. These are some of the major factors propelling the demand for prebiotics during the forecast period and propelling the market growth.
Global Feed Prebiotics Market By Type, 2024 (%)
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Feed Prebiotics Market Regional Insights
The market for prebiotics in animal feed is substantial, and numerous companies across the world produce prebiotic animal feed. More than 40% of the global market share in 2021 was accounted for by Europe, and it is projected that this trend would continue during the forecast period. The prohibition of antibiotics in animal feed is a major factor in this development. Since this is the case, antibiotic alternatives are a constant topic of interest among European consumers. In addition to Latin America, Asia Pacific, and North America also accounted for 44% of the market in 2021 due to their large consumption of prebiotics in animal feed. From 2021 to 2028, the percentage of the market held by the rest of the world is projected to grow from 7.2% to 7.4%.
Global Feed Prebiotics Market By Geography, 2024-2031
- Largest
- Fastest
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Feed Prebiotics Market Dynamics
Feed Prebiotics Market Driver
The rising consumption of meat around the world and the prohibition of the use of antibiotics are the major drivers for the market.
- This industry is expected to expand thanks to several factors, including the rising consumption of meat around the world and the prohibition of the use of antibiotics as growth promoters in animal feed. These are the major factors driving the demand for the feed prebiotics market globally and increasing demand from developing countries and increasing awareness regarding the benefits of using prebiotics in the feed as an additive will propel the market growth during the forecast period.
Health disorder causing the shift of population towards prebiotics.
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The growing occurrence of gastrointestinal tract diseases, such as constipation, Irritable Bowel Syndrome (IBS), Gastroesophageal Reflux Disease (GRD), and inflammatory bowel disease, have raised concerns regarding gut health, thereby projected to support the growth of the market over the estimated period.
Major investment and growing demand.
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Rising investments in the food & beverage industry for innovation and development of new food products enriched with prebiotics coupled with the rising demand in dietary supplements application, particularly in infant foods are expected to propel market growth along with growing demand for fiber-rich food products
Feed Prebiotics Market Restraint
Increased market dependence on probiotics and stricter regulatory controls are the major restraints.
- The primary restraints to the expansion of the feed prebiotics market are going to be increased market dependence on probiotics and stricter regulatory controls. These are some of the factors that could slow down the market growth during the analysis period.
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Feed Prebiotics Market Competitive Landscape
The feed prebiotics market is relatively fragmented, with a high level of competition. Few large players, like Chr. Hansen, Kemin Industries, and DuPont, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Feed Prebiotics Market Top Player’s Company Profiles
- Cargill Inc.
- Koninklijke DSM N.V.
- DowDuPont Inc.
- FrieslandCampina Kievit BV
- Roquette Frères
- Ingredion Incorporated
- Kerry Group PLC
- BASF SE
- Tate & Lyle PLC
- Yakult Honsha Co. Ltd.
- Novozymes A/S
- Chr. Hansen A/S
- E. I. du Pont de Nemours and Company
- Royal Cosun
- Nexira SAS
- Beghin Meiji
- Kerry Inc.
- Sensus B.V.
- Cosucra Groupe Warcoing SA
- Beneo GmbH
Feed Prebiotics Market Recent Developments
- In August 2022, Mitsui & Co., Ltd. announced that it has started accepting applications for the use of LCA Plus, a platform for the visualization of greenhouse gas emissions for particular products using the method of life cycle assessment. The platform was created in collaboration with the Sustainable Management Promotion Organization.
- In July 2022, Mitsui & Co., Ltd. announced its agreement to purchase further shares in Position Partners Pty Ltd, an Australian system integrator for construction and civil engineering projects, therefore transforming it into a consolidated subsidiary.
Feed Prebiotics Key Market Trends
- The feed industry, and additive producers, in particular, have made innovation a primary priority by doing significant research and finding novel, sustainable feed additives. Animal feed manufacturers are delivering cutting-edge ingredients and processing techniques to create novel additive combinations in response to increased consumer demand. More than 70% of the feed business has begun combining feed additives for optimal outcomes. Increasing reliance on additives sector improvements has led to an increase in the number of tests conducted on farms.
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Inulin has stood out as the major trend in the prebiotic market aiding in its expansion. It has proved to be beneficial for aquaculture and it is extensively used as an additive in the feed for carp, shrimp, and tilapia.
Feed Prebiotics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Prebiotics are non-digestible functional substances that selectively promote the growth of beneficial bacteria in the host's digestive tract. When fed to animals, prebiotics boosts their immune systems and overall health which is driving the demand for the use of prebiotic animal feed. In 2021, the inulin sector accounted for more than 36% of the global Feed Prebiotics market and is expected to hold the same during the analysis period. Based on application, the market is segmented into swine, poultry, ruminants, aquaculture, and other animals. In 2021, the poultry sector accounted for the largest market share of the global feed prebiotics market. Ruminant feed is predicted to show the fastest growth during the analysis period. The prohibition of antibiotics in animal feed is a major factor in this development. These are some of the major factors propelling the demand for prebiotic animal feed.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.95 billion |
| Market size value in 2031 | USD 24.26 billion |
| Growth Rate | 14.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Feed Prebiotics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Feed Prebiotics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Feed Prebiotics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Feed Prebiotics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Feed Prebiotics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Feed Prebiotics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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