Albany, NY -- (SBWire) -- 05/23/2019 --Animal Feed Dietary Fibers Market – Snapshot
Animal feed is the foundation of livestock systems. It directly or indirectly affects the entire livestock sector, as well as the food chain. Dietary fibers are essentially used to improve the intestinal health of animals and their weight management. Animal feed for ruminants, poultry, swine, aquafeed, equine, rabbits, and pets involves specific content of dietary fibers. Dietary fibers such as pea hulls offered by Roquette Frères are used in pet food for dietary management of obesity. Insoluble dietary fiber ingestion stimulates satiety among animals, without adding excessive calories. Dietary fibers also regulate digestive health of animals, with positive impact on constipation. In case of poultry, dietary fibers facilitate better mineralization of bones, better protein and fat digestion, and improved feed conversion. Factors such as modern factory farming methods, technological and genetic advancements, and increase in feedstock production have boosted the capabilities of meat production. Rise in demand for meat and dairy products is anticipated to present significant opportunities to the global animal feed dietary fibers market in the near future.
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The global animal feed dietary fibers market has been segmented based on type, application, and region. Based on type, the market has been divided into corn, cereals, grains, pine, potato, spruce, and others (including vegetables, fruits, and sugar beet pulp). In terms of revenue, the corn segment held major share of the market in 2018. Corn provides adequate amounts of dietary fibers to animals. It also promotes rumen bacterial growth, thus enhancing the feed digestibility. The corn segment is projected to dominate the global animal feed dietary fibers market throughout the forecast period. The cereals segment is anticipated to be another key segment in the animal feed dietary fibers market in the next few years. Cereals based animal diets are rich in dietary fiber content and provide improved weight control, improved digestive health, and enhanced immune function.
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Based on application, the global animal feed dietary fibers market has been segregated into pet food, compound feed, and specialty feed. In terms of revenue and volume, the compound feed segment constituted the largest share of the global market in 2018. Compound feed is projected to observe robust demand from the key buyers in the animal feed dietary fibers market, including contract growers and animal farmers. The pet food segment is anticipated to expand at a faster pace than other segments during the forecast period. The global population of companion animals or pets is likely to expand substantially in the next few years. Pet owners are increasingly adding nutritional value to their pets' diet, thereby driving the demand for dietary fibers in pet food. Global demand for pet food is likely to increase, led by the growth in per capita income of the people. Transition in pet diets from table scraps to nutritious feed is expected to positively impact the demand for animal feed dietary fibers during the forecast period.
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Key players operating in the global animal feed dietary fibers market include Tate & Lyle, Roquette Frères, Associated British Foods plc, Cargill, Incorporated, ADM, and Ingredion and J. RETTENMAIER & SÖHNE GmbH + Co KG. The market is capital intensive and involves high degree of expertise in equipment management and feed formulation. It further involves significant marketing and promotional efforts. Manufacturers of animal feed dietary fibers are adopting various strategies such as plant capacity expansion, mergers & acquisitions, and distribution channel expansion to strengthen their geographic presence. For instance, in 2017, Roquette Frères built a new headquarters in Asia Pacific that focuses on the food & nutrition segment in the region.
Increase in Awareness About Animal Health and Rise in Demand for Animal-Derived Food Products to Drive Animal Feed Dietary Fibers Market, Says TMR