Asia Pacific Animal Feed Dietary Fiber Market To Witness Rapid Growth During Forecast Period
Rising consumption of
dietary fiber for the improvement of animal intestinal health and immune system
to drive global animal feed dietary market growth through 2024
According
to TechSci Research report, “Global Animal
Feed Dietary Fiber Market By Type, By Application, By Region, Competition,
Forecast & Opportunities, 2024”, the global animal feed dietary fiber market is expected to
grow at a formidable rate during the forecast period on account of the
health benefits
of dietary fibers, rising awareness about animal health, and rising need for
animal-derived food products. Moreover, use of dietary fibres in obesity and weight
management diet of animals, and for improvement in intestinal health of animals
is further fueling global animal feed dietary fiber market.
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Global animal feed dietary fiber market can be segmented based on product
type, application and region. In terms of product type, the market can be
segmented into Corn, Cereals, Grains, Pine, Potato, Spruce, Others. In the
previous year, corn product type dominated the market and the segment is poised
to grow at an impressive rate during the forecast period as well. This is due
to the increasing use of corn product to promote the rumen bacterial growth, which
enhances digestibility.
Tate & Lyle, Roquette Frères S.A., Associated British Foods plc,
Cargill, Archer-Daniels-Midland Company, Ingredion Incorporated, J. RETTENMAIER
& SÖHNE GmbH + Co KG, BENEO-Orafti SA, Kerry Inc. and Agromed GmbH., etc., are
some of the leading players operating in global animal feed dietary fiber market.
Companies operating in the market are using organic strategies such as plant
capacity expansion, mergers & acquisitions, and distribution channel
expansion to boost their share. For instance, Roquette Frères built a new
headquarters in Asia-Pacific that focuses on the food & nutrition segment in
the region.
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“In
terms of application, the global animal feed dietary fibers market has been
segregated into pet food, compound feed, and specialty feed. Amongst them, compound
feed segment constituted the largest share of the global animal feed dietary
fibers market in 2018 and is anticipated to witness robust demand from the major
buyers in the animal feed dietary fibers market. Also, the pet food segment is projected
to grow at a faster pace during the forecast period owing to increasing animal
and pet population globally.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Animal Feed Dietary Fiber Market By Type, By
Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global animal
feed dietary fiber 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 fiber market.
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