MARKET REPORT FEED & ADDITIVE MAGAZINE August 2024 87 production for aquatic species is expected to support the growth of the aquaculture segment in the feed prebiotics market in the coming period. According to some analysts, the ruminant feeds segment will show the fastest growth in the feed prebiotics market in the coming years. This dominance is expected to be driven by increasing demand for dairy products in developing countries and prebiotics providing better nutrient absorption, thereby reducing the cost of feed which helps farmers make profit. MARKET GROWTH ON REGIONAL BASIS The market for prebiotics used in animal feed is large and many companies around the world produce animal feed containing prebiotics. In previous years, Europe had the largest share of the global feed prebiotics market. The ban on antibiotics in animal feed is said to be an important factor in this development. In the region, demand for the use of prebiotics in animal feed is still high due to high awareness of animal welfare and health, despite strict regulations that have slowed down the growth of the sector. In Europe, many people see prebiotics as a good alternative to antibiotics when it comes to improving animal health. Asia-Pacific draws attention as the fastest growing market for feed prebiotics due to its high animal presence and feed production. North America, especially the United States, has an active industry with high demand for animal feed containing prebiotics for pigs and chickens. The prevalence of commercial animal farming in the region and interest in new production practices make it a good market for feed prebiotics. MARKET ENVIRONMENT FOR SUPPLIERS The feed prebiotics market is relatively fragmented. The market is characterized by rapid growth, technological innovation and intense competition. Control of the market is largely in the hands of a few large players. These industry leaders are diversifying their customer base, expanding their global presence, focusing on sustainability, broadening their service offerings to remain competitive, and forming strategic and collaborative ventures with other start-ups to increase their market share and profitability. Sources: 1. Feed Prebiotics Market Size & Share Analysis - Industry Research Report - Growth Trends (mordorintelligence.com) 2. Feed Prebiotics Market Share Estimated to Reach USD 4.7 (globenewswire.com) 3. Feed Prebiotics Market Growth, Size & Share Analysis | 2031 (skyquestt.com) 4. Prebiotics In Animal Feed Market Size, Growth & Trend 2032 (credenceresearch.com) • Abbott Laboratories • Adisseo • ADM • Alltech • Amspro Biotech • Baolingbao • BASF SE • Beghin Meiji (Tereos S.A.) • Behn Meyer • BENEO GmbH • Biochem • Bright Group • Calpis Co. • Cargill • Cosucra Groupe Warcoing • Danisco (IFF) • Dsm-firmenich • Evonik Industries • EW Nutrition • FrieslandCampina • H. Wilhelm Schaumann • Hayashiabara • Impextraco • Ingredion • Jarrow Formulas • Kemin Industries • Kerry Group • Kraft Foods Group • Lallemand • Land O’Lakes • Life Products • Longlive • Meiji • Mitsui & Co. • Nestle • Nexira SAS • NFBC • Nikon Shikuhin KaKo • Novensis • Novus International • Ohly • Orffa International • Parmalat • Phileo by Lesaffre • Provita Animal Health • Pure Cultures • QHT • Roquette Frères • Royal Cosun • Saideep Exports • Sensus • SKS Bioproducts • Tate & Lyle • Unique Biotech • Vetanco • Yakult Honsha • Zenith Nutritions SOME FEED PREBIOTICS SUPPLIERS IN THE WORLD:
RkJQdWJsaXNoZXIy MTUxNjkxNQ==