Prebiotics have a variety of uses, including sweetening the aroma and improving texture in the sugar-free food and beverage industry. In recent years, increasing pressures on livestock farms have increased to meet the growing demand for high-quality meat and animal proteins. Population growth, rising incomes in developing countries and urbanization have led to an increase in global livestock consumption. The level of income and consumption of animal proteins is directly related to the consumption of milk, meat and eggs, which increases at the expense of basic food. Raising consumer awareness of scientific animal nutrition is one of the main drivers of the growth of the feed probiotic industry. The increase in the production of industrial animals and the demand for animal protein sources are increasing the growth of the global feed prebiotics market.
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The global feed prebiotics market is generally classified based on the type, application, and regions. The global feed prebiotics is broadly divided based on type into, inulin, fructo-oligosaccharides, galacto-oligosaccharides, and others. By application, the global market is bifurcated into swine, ruminant, poultry, pet food, aquaculture, horses, others.
European market dominated the global feed prebiotics industry expected to sustain its influence owing to product diversification and its growing importance in the food and beverage industry is expected to propel the market. Asia Pacific market is anticipated to witness significant growth due to high population and have a high consumption of dairy products. Other regions such as North America, Middle East and Africa is are poised to show sluggish growth during the forecast period.
The key market participants functioning in the global feed prebiotics market include Cargill, Abbott Laboratories, Behn Meyer, Beghin Meiji, Cosucra Groupe Warcoing, BENEO-Orafti, Jarrow Formulas, FrieslandCampina Domo, Yakult Honsha, Royal Cosun, and Roquette Freres, among others. Companies are increasingly implementing strategic expansions, mergers, acquisitions and new product development activities to introduce innovative foods and beverages that provide weight loss, calorie reduction and fat management techniques that increase the demand for prebiotic ingredients.