MARKET REPORT FEED & ADDITIVE MAGAZINE August 2024 85 ulin reached US$ 644.9 million in 2022. The most common use of inulin is in poultry nutrition. Supplementing poultry feed with inulin has been found to modulate gut microbiota and promote rapid growth of beneficial Bifidobacterium and Lactobacillus strains. Xylo oligosaccharides and galacto-oligosaccharides are other important prebiotics used in the animal industry and have market values of USD 580 million and USD 566.4 million in 2022, respectively, according to a Mordor Intelligence report. These prebiotics have been found to improve nutrient digestibility and immune responses, which in turn improves production performance. Lactulose, fructo oligosaccharides, mannan oligosaccharides and other prebiotics hold a share of USD 790.8 million in the prebiotics market. FEED PREBIOTICS MARKET AND FORECASTS The global feed prebiotics market, which is witnessing significant growth, reached a value of USD 2.58 billion in 2022, registering a noteworthy growth of 29.5% during 2017-2022, according to a report by Mordor Intelligence. The market growth is attributed to the increase in animal population and growing sensitivities regarding animal health. The research firm forecasts that the growth will continue in the coming period and estimates the market size to be approximately USD 2.84 billion in 2024. Reporting that the global feed prebiotics market will grow at a compound annual growth rate (CAGR) of approximately 5.13% between 2024 and 2029, the firm expects the market size to reach USD 3.65 billion by 2029. Prophecy Market Insights' report points to a similar market size. According to the research firm, the global feed prebiotics market is expected to grow at a CAGR of 5.4% between 2024 and 2034, with market revenue reaching USD 4.7 billion by 2034, up from USD 2.87 billion in 2024. Another close estimate of the market size comes from analysts at Global Market Insights. The company's report reveals the size of the global feed prebiotics market as USD 2.14 billion in 2022. The company forecasts an annual growth rate of 7.9% for the coming period and estimates that the total market value will reach USD 4.56 billion in 2032. SkyQuest, on the other hand, points to a very high market value in its report on global feed prebiotics. The company estimates the market size at USD 7.99 billion for 2023, and predicts that the market will grow at a CAGR of 14.9% during the forecast period 2024-2031, reaching USD 24.26 billion by the end of 2031. All the reports we have evaluated reveal that the global feed prebiotics market is showing positive signs of growth. With a current market size of billions of dollars and a steady CAGR, the market is expected to continue growing in the future, reaching an average size of approximately USD 5.1 billion by 2030. This situation represents a significant opportunity for stakeholders in the feed prebiotics market.
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