Prebiotics in Animal Feed Market Exhibit 11.9% CAGR from 2013 to 2019 due to Health Benefits for Animals
The report on the global prebiotics in animal feed market helps identify the strengths, weaknesses, opportunities, and threats to major players in the market with the help of SWOT analysis.
Prebiotics refer to non-digestible food ingredients which produce certain bacteria in the gut of animals. The prebiotic consumed via animal feed helps animals improve the health of their digestive tract and strengthen their immune system. They are non-antibiotic growth promoters that are also known as natural growth promoters. Prebiotics in animal feed come with a score of health benefits to animals. In the long run they are far more beneficial than regular antibiotics.
It also gives a comprehensive overview of the segments and sub-segments in the global prebiotics in animal feed market. The report assesses the key market players and provides an insight into their financial strategies, research and development activities, list of existing products and those in the pipeline, making up a detailed, comprehensive overview of the market.
The global market for prebiotics in animal feed was worth US$213.9 million in 2012. This figure is expected to grow steadily in the coming few years due to a ban on antibiotics as growth promoters in animal feed. However, the global prebiotics in animal feed market faces challenges such as tough competition from probiotics and stringent government regulations.
The two important segments in the global prebiotics in animal feed market are cattle and poultry. The two held about 60.8% of the entire market in terms of volume in 2012. Out of the two, poultry held the larger share and is expected to dominate the global prebiotics in animal feed market in the coming six years. Furthermore, the aquaculture segment held about 7.8% of the global market in terms of volume in 2012. In the coming six years, it is expected to lose its share due to deterioration and proximity to aqua feed oxidation.
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