Prebiotics In Animal Feed Market (Swine, Poultry, Beef, Aquaculture And Others) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 -2019
Albany, NY -- (SBWIRE) -- 01/21/2015 -- In a new research report published on the global prebiotics in animal feed market, Transparency Market Research states that the global market of prebiotics in animal feed will grow volume-wise at a CAGR of 9.4% and a revenue-wise CAGR of 11.9% between 2013 and 2019. The market was worth nearly US$213.9 million in 2012 and is forecast to reach US$461.3 million by 2019.
The report, titled "Prebiotics In Animal Feed Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019", is available at company's website for sale.
Browse the full Prebiotics In Animal Feed Market (Swine, Poultry, Beef, Aquaculture And Others) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/animal-feed-additive-market.html
The report states that the global market of prebiotics in animal feed is driven due to factors such as numerous health benefits facilitated by prebiotics to the immune systems of animals and their effect in improving their health, the rising consumption of meat across the globe, and ban on the use of antibiotics in animal feed. However, factors such as stringent government regulations regarding the use of prebiotics in animal feed and the rise in market visibility of these substances could apply downward pressures to the growth of the overall prebiotics in animal feed market.
The report focuses on two major segments of the global prebiotics in animal market: prebiotics in animal feed based on livestock type and the chief regional markets.
Amongst the various livestock types studied for the prebiotics in animal feed market by the report, the segments cattle and poultry have emerged as the most lucrative segments during the review period. Together, these market segments accounted for nearly 60.8% shares of volume-wise demand of the market in 2012. Poultry, the most mature and largest segment of the global prebiotics in animal feed market, is expected to dominate market demands during the forecast period as well. The market segment aquaculture acquired nearly 7.8% shares volume-wise demands of the market in 2012, but is expected to observe a decline in demands during the forecast period.
From a geographic stand-point, the regional prebiotics in animal feed market of Europe led the market in 2012 by acquiring nearly 40% shares of the overall market. Europe is expected to maintain its dominance in the market during the forecast period as well owing to the ban on usage of antibiotics in animal feed in the region. By the end of the forecast period, the European market is expected to acquire nearly half the market shares by 2019.
Regional markets of Asia-Pacific and North America together accounted for nearly 44% market shares in 2012. By 2019, Asia Pacific will occupy nearly 30% market shares. Also, the prebiotics in animal feed markets from the rest of the world (RoW) segment are expected to grow in terms of their market-shares from 7.2% in 2012 to nearly 7.4% in 2019, states the report.
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The fragmented global market has many businesses operating in the market without a major share of revenues. Some of the chief businesses of the market include BENEO-Orafti SA, Cosucra-Groupe Warcoing SA, Cargill Incorporated, and Abbott Laboratories.
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