Prebiotics in Animal Feed Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022

Prebiotics in Animal Feed Market to Reach US$ 494.9 Mn by 2022

According to a new market research report published by Credence Research “Prebiotics In Animal Feed Market (Insulin, Mannan oligosaccharides (MOS), Galacto oligosaccharides (GOS),Fructo Oligosaccharide (FOS) and Other - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022”the global prebiotics in animal feed market was valued at US$ 220.3Mn in 2014 and is estimated to expandwith a CAGR of 11.2% from 2015 to 2022.

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Market Insights

The global market for prebiotics in animal feed is majorly backed by the rise in consumption of meat across the globe. Furthermore, multiple health benefits associated with prebiotics when use in animal feedsuch as better digestion, enhancing animal performance and the immune systemis another factor propelling the demand for prebiotics in animal feed.

During the past decade, due to their therapeutic effects antibiotics have been widely used in livestock diets. Nevertheless, due to concern regarding the usage of antibiotic in animal feed might contribute to an increase of bacterial antibiotic resistance, some countries had restricted the use of some types of antibiotics.

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In 2006, European Union (EU) has introduced anoverall ban on the usage of antibiotics as feed additives. Thus prebiotics, have emerged as an alternative to antibiotics in animal feed which can not only reduce enteric diseases in livestock animal but also enhance their productivity. Thus, the ban impose on usage of antibiotics in animal feed by many countrieswill also drive the overall market demand for prebiotics in animal feed.

Stringent government guidelines regarding the approval and usage of prebiotics in animal feed coupled up with greater market visibility and shelf space of probiotics is...