According to the International Scientific Association for Probiotics and Prebiotics, prebiotics is substrates consumed by host microorganisms, selectively, to target the health-promoting cluster of bacteria in the gut. Prebiotics are also used extensively as natural feed additives for animal nutrition as they bring health benefits to the host’s ecosystem. They play a substantial role in the nutrition of both livestock and home pets. The global market for feed prebiotics is majorly supported by the upswing in the consumption of meat and milk amongst the consumers across the world, which is encouraging the livestock industry and meat producers to use additives, such as prebiotics.
The feed prebiotics market is expected to observe an attainable high CAGR during the forecast period, i.e., 2020-2028. The market is segmented by type, livestock, and region. Among livestock, the poultry segment accounted for the largest market share in the feed prebiotics market. The Asia Pacific region is estimated to be a key revenue pocket in the future years. The region is supported by a large population pool with an increase in the urban population deciding to go for protein-rich food possibilities with poultry products such as eggs and meat. This is projected to escalate the demand for probiotics in the poultry industry.
Based on product type, the inulin segment of the market accounted for the major share. Inulin has been verified to be beneficial to aquaculture and it is expansively used as an additive in the feed for carp, shrimp, and tilapia. The raw material for inulin, chicory root, is also used as raw material for other lucrative industries, such as the coffee industry. Of the total inulin creation, major is utilized by the animal feed industry. FOS has been accepted worldwide for infants. FOS is found in abundance in nature as a component of cereals, fruits, and vegetables.
The global market for feed prebiotics is majorly backed by the increase in the consumption of meat and milk across the globe. Owing to global awareness, food safety has become major concerns for the governments, leading to consumers giving importance to the extrinsic makings and qualities of the meat that they consume, and the surroundings under which the meat is produced. Various pathogenic and parasitic contamination in meat products, such as Salmonella, Listeria, and E. coli, in conjunction with outbreaks of innumerable diseases amongst the livestock animals, such as Avian Influenza and African Swine Fever, have raised concerns about the quality and safety of meat, globally.CLICK TO DOWNLOAD SAMPLE REPORT
Also, numerous health benefits attached to prebiotic consumption, such as improved digestion, enhanced animal performance, and a better immune system also supports the overall growth.
Further, the market performers are aiming at using combinations of diverse feed additives to manufacture new categories of feed products accompanied by the subsequent limitations and the ban on antibiotics has fuelled the market for prebiotics. Also, the recent outbreaks of food-borne diseases highlight the necessity for decreasing bacterial pathogens in diets of animal origin.
The global outbreak of COVID-19 has been successful in refraining certain group people from consuming meat as the virus is believed to be originated in bats. This has led to lower sales. Also, the global sales and supply chain management has been adversely hit by nationwide lockdowns and border seals. Even after the ease in regulations, shortage of supply in the smaller regions of the world are impacting the global market, coming up as a barrier. Online sales have turned out to perform a crucial role in maintaining the present market demand.
In March 2020, the European Feed Manufacturers’ Federation (FEFAC), urged the EU Commission for the inclusion of feed as essential goods in the EU COVID-19 guidelines, which is crucial to avert supply chain interruptions, lack of essential nutrients to the EU farm animal population, and to make sure the uninterrupted supply of food and feed.
Our in-depth analysis of the feed prebiotics market includes the following segments:
Geographically, the Feed Prebiotics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
European market dominated the global feed prebiotics industry alongside the North American markets, owing to product diversification and its growing importance in various industries. North America is expected to witness significant growth owing to increasing disease occurrence including BSE, PEDv, and swine flu in the U.S., not to forget the recent outbreak of COVID 19, believed to be originated via bats. This has resulted in the growing importance of ingredients used for animal feed to ensure good quality feed among manufacturers.
The Asia Pacific market is anticipated to register substantial growth in the global market over the forecast period. The region is backed by key revenue-generating countries; China, Japan, and India. These countries are supported by a huge population base, together with the rise in the number of consumers who are deciding for food products with health benefits, owing to the adaption of an urban lifestyle. This has increased the demand for poultry products in the region, which has, in turn, been driving the growth of probiotics in the region. Further, the rising trade situation, growing awareness amongst manufacturers and industries, and high dairy and poultry product consumption are the key contributors towards the growth in this region.
Furthermore, various international bodies such as the U.S. Food and Drug Administration (FDA), U.S. Center of Veterinary Medicine (CVM), World Health Organization (WHO), European Commission (EC), European Food Safety Authority (EFSA), Australian Pesticides and Veterinary Medicines Authority (APVMA), Natural Health Product Directorate (NHPD), and the National Health Surveillance Agency (ANVISA) control the usage of several additives in feed products and issue severe guidelines for prebiotic and probiotic manufacturers. These organizations regulate the usage of diverse chemicals and ingredients used in feed processing.
However, the latest outbreak of Coronavirus pandemic and the past spread of the African Swine Fever, especially in China and the Southeast Asian countries, are going to affect the market in these regions.
The feed prebiotics market is further classified based on region as follows:
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