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Feed Prebiotics Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Feed Prebiotics Market Overview
What is the Market Size & CAGR of Feed Prebiotics market in 2021?
The global feed prebiotics market is expected to have a growth rate of 4.2% CAGR from 2021 to 2028. As a result, the market is anticipated to grow by USD 2.5 billion by 2028.
COVID-19 Impact on the Feed Prebiotics Market
The COVID-19 pandemic has had a significant impact on the feed prebiotics market. The disruption in the supply chain, restrictions on movement, and the closure of businesses have affected the market growth. However, the increasing focus on animal health during the pandemic has led to a rise in the demand for feed prebiotics.
Feed Prebiotics Dynamics
Feed prebiotics are substances that promote the growth of beneficial bacteria in the gut of animals. They help in improving digestion, absorption of nutrients, and overall gut health. The increasing awareness about the benefits of feed prebiotics in animal nutrition is driving the market growth.
Segments and Related Analysis
The feed prebiotics market can be segmented based on type, source, application, and region. Different types of prebiotics such as inulin, fructo-oligosaccharides, and galacto-oligosaccharides are used in animal feed.
By Region Analysis
The feed prebiotics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for feed prebiotics due to the high adoption rate of advanced animal nutrition products.
Key Market Players and Competitive Landscape
Some of the key market players in the feed prebiotics market include Dupont, Cargill, ADM, BASF, and Novozymes. These companies are focused on new product development, partnerships, and acquisitions to gain a competitive edge in the market.
Recent Happenings in the Feed Prebiotics Market
In recent years, there has been a growing trend of using feed prebiotics in aquaculture and pet food. Companies are investing in research and development to introduce innovative prebiotic products for different animal species.
