Global Prebiotic in Animal Feed Market Is Expected to Reach USD 461.3 Million by 2019: Transparency Market Research
Albany, NY (PRWEB) April 21, 2014 -- Transparency Market Research has launched a new market report titled “Prebiotic in animal feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019”. According to the report the demand for prebiotic in animal feed is expected to grow at a CAGR of 11.9% in terms of revenue from 2013 to 2019 and the market was valued at USD 213.9 million in 2012 and is expected to reach USD 461.3 million by 2019. In terms of volume the market is expected to grow at a CAGR of 9.4% from 2013 to 2019.
Browse the full report with TOC at http://www.transparencymarketresearch.com/animal-feed-additive-market.html.
In recent years, the global market for prebiotics witnessed a good growth due to multiple health benefits of prebiotics to animals. Other factors contributing growth include rising meat consumption and ban on antibiotics in animal feed. Greater visibility of probiotics and stringent government regulations are major factors restraining the growth of the market. However, increasing consumer awareness on benefits of prebiotics is providing huge market opportunity for the market players.
By livestock type, poultry segment dominated the prebiotics market and occupied 32.3% of the total market volume in 2012, followed by the swine and cattle segments that occupied 26.2% and 29.3% shares, respectively. These animals require high amounts of prebiotics in their feed to enhance the feed conversion ratio and to maintain nutritional value of the feed. Aquaculture and other animals together accounted for over 12% share of the market in terms of volume.
By region, Europe is expected to maintain its lead position in terms of demand and is expected to command 50.8% of the global animal feed prebiotics market revenue share in 2019, followed by Asia Pacific. Asia Pacific is expected to occupy over 30% of the global market share in 2019. Both of these economies are expected to dominate the market over the six years. In terms of volume, North America is expected to occupy 8.3% of the global market in 2019. RoW is expected to increase its market share by 2019 in terms of revenue and volume.
There are many brands available in the market therefore no players have significant market share. Some of the major players of the market are Cosucra-Groupe Warcoing SA, BENEO-Orafti SA, Cargill Incorporated, and Abbott Laboratories.
Browse the full report with TOC at http://www.transparencymarketresearch.com/animal-feed-additive-market.html.
Prebiotics in Animal Feed Market: Livestock Type
• Swine
• Poultry
• Cattle
• Aquaculture
• Others
Prebiotics in Animal Feed Market: Regional Analysis
• North America
• Europe
• Asia Pacifc
• RoW
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