Global Feed Prebiotics Market

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 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%.

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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).

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. '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'

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.

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.

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%.

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Global Feed Prebiotics Market

Report ID: SQSG30C2035

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