Global Animal Feed Dietary Market to Grow with a CAGR of 7.40% through 2028
Growing pet adoption and
expanding livestock sector is expected to drive the Global Animal Feed Dietary
Market growth in the forecast period, 2024-2028.
According to TechSci Research
report, “Global Animal Feed Dietary Fiber Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Animal Feed Dietary Market stood
at USD 1089.25 Million in 2022 and is anticipated to grow with a CAGR of 7.40%
in the forecast period, 2024-2028 and is expected to reach USD 1666.37 by 2028.
One of the primary drivers behind the expansion of this market is the
increasing demand for high-quality animal feed. As consumers become more
conscientious about animal health and welfare, they are actively seeking animal
feed products that contribute to the overall well-being of the animals. Dietary
fiber plays a crucial role in promoting digestive health among animals, serving
as an essential component of animal feed that aids in maintaining intestinal
health and reducing the risk of various diseases.
The growth of the animal feed
dietary fiber market is further fueled by the expanding livestock sector. With
a growing global population and rising disposable incomes, there is a parallel
increase in the demand for animal-based products such as meat, eggs, and dairy.
Consequently, livestock farmers are placing greater emphasis on providing
nutritious and balanced feed to their animals in order to enhance productivity
and meet the rising consumer demand.
The increasing awareness
among farmers and livestock producers about the benefits of utilizing
high-quality feed to improve the production and quality of meat and dairy
products is a key factor propelling the demand for animal feed dietary fiber.
The need for dietary fiber in animal feed arises from the rapid expansion of
the meat and dairy industries, as it contributes to the enhancement of animal
well-being and productivity.
Furthermore, the necessity
for natural feed additives, including dietary fiber, is driven by the rising
prevalence of animal diseases and growing concerns about the use of antibiotics
in animal feed. Livestock farmers are increasingly adopting natural feed
additives due to their reliability and efficacy in enhancing animal health and
welfare.
Additionally, the growing
market demand for dietary fiber used in animal feed can be attributed to the
increasing preference for organic and non-Genetically Modified Organisms (GMO)
animal feed. Consumers are becoming increasingly aware of the detrimental
effects of conventional farming practices on the environment and human health,
leading to a high demand for organic and non-GMO animal feed. Feeding animals
with organic and non-GMO animal feed ensures their safety and well-being, as it
is free from toxic chemicals and genetically modified organisms.
Moreover, there are
significant growth opportunities for the market, particularly driven by the
growing population of companion animals or pets and the rising concern among
pet owners about adding nutritional value to their pets' diet, which will
accelerate the demand for dietary fibers in pet food. However, the market also
faces certain restraints, such as the growing awareness of the environmental
impacts of meat production and the emergence of diseases from animals, which
may adversely impact the growth of the Global Animal Feed Dietary Fibers
Market.
Dietary fibers are
extensively utilized in pet feed to enhance health. These fibers contribute to
increased bulk and water absorption, promoting bowel regularity and firm,
formed stools. The growth of the pet food industry, driven by the rise in pet
adoption, presents a significant opportunity for market expansion. For
instance, the European Pet Food Industry Federation (FEDIAF) reports
approximately 88 million household pet owners in Europe, with the pet food
industry experiencing a growth rate of 2.8% in the region. As a result, the
escalating pet adoption rates and increased expenditure on pet food are key
drivers for the growth of the animal feed dietary fibers market.
The growing focus on
regulations related to animal feed nutrient values and labeling is also fueling
demand for animal feed dietary fibers, thereby stimulating market growth.
According to FEDIAF, dietary fiber from potatoes and cereals has been recognized
as an important source of protein and has been included in their list of
essential food proteins. Additionally, the Association of American Feed Control
Officials (AAFCO) Animal Feed Labeling Guide mandates the labeling of the
percentage of crude fiber content in animal feed. The AAFCO sets the crude
fiber limit at 4% for lactating dairy cattle, 20% for breeding ewes, and
establishes specific fiber content percentage limits for other livestock.
Consequently, these government regulations are driving the demand for animal
feed dietary fibers and expanding the market.
Browse over 26 market
data Figures spread through 91 Pages and an in-depth TOC on "Global
Animal Feed Dietary Fiber Market”
The Global Animal Feed Dietary
Market is segmented into type, solubility, application, regional distribution, and
company.
Based
on type, corn accounted for the largest market share in the animal feed dietary
fibers market in 2022. The inclusion of corn-derived dietary fiber in animal
nutrition contributes to the reduction of cholesterol levels and promotes
digestive health. By combining corn fibers with other dietary ingredients and
supplements, the benefits of corn in animal feed are amplified, resulting in
enhanced poultry egg production, improved meat quality in various animals, and
increased milk production in cows and lambs. Consequently, the utilization of
corn in animal feed dietary fibers is witnessing a notable rise due to these
indispensable properties.
Based
on region, North America dominated the global animal feed dietary fiber market.
North America accounted for the largest share (36%) in the animal feed dietary
fibers market in 2021. The growth of this market is driven by factors such as
the rising pet adoption in the region and the implementation of regulatory
norms for nutrient values in animal feed. Notably, in 2020, the United States
witnessed a significant increase in pet adoption, with 30% of Americans
reported to have adopted pets during that time, as per the Insurance Research
Council. Furthermore, the Association of American Feed Control Officials
(AAFCO) has made it mandatory to label the animal dietary fiber content with
comprehensive information, as stated in the Animal Feed Labeling Guide. These
factors, including the increasing pet adoption and regulations related to animal
feed labeling in North America, are propelling the demand for animal feed
dietary fibers and fostering the market's growth potential.
Major companies
operating in Global Animal Feed Dietary Market are:
- Roquette Frères S.A.
- Archer-Daniels-Midland Company
- Cargill Inc.
- Tate & Lyle PLC
- Ingredion Incorporated
- J. RETTENMAIER & SÖHNE GmbH + Co KG
- Associated British Foods PLC
- BENEO-Orafti SA
- Kerry Inc.
- Agromed GmbH
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“Advances in technology and data analytics will facilitate
precision nutrition in animal feed. Feeding strategies may become more tailored
to the specific dietary fiber needs of different livestock species and
production stages. Changes in regulations related to animal feed formulations
and labeling may impact the use and marketing of dietary fiber in animal feed.
Regulatory bodies may emphasize the importance of dietary fiber in promoting
animal health and welfare. The importance of gut health in livestock
productivity and health will remain a focus of research and product development.
Dietary fiber's role in promoting gut health and optimizing the gut microbiome
will be further explored. As global demand for animal products rises, the need
for nutritionally optimized and sustainable animal feed will continue to grow,
leading to an expanding animal feed dietary fiber market worldwide.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Global
Animal Feed Dietary Market By Type (Corn, Cereals,
Grains, Pine, Potato, Spruce, Others), By Solubility (Soluble, Insoluble), By
Application (Pet Food, Compound Feed, Specialty Feed), By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future
growth potential of Global Animal Feed Dietary Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Animal Feed Dietary Market.
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