ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the addition of the “Prebiotics In Animal Feed Market (Swine, Poultry, Beef, Aquaculture And Others) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019” report to its offering. According to the report, the global market of prebiotics in animal feed is forecast to grow revenue-wise at a CAGR of 11.9%, and volume-wise at a CAGR of 9.4% between 2013 and 2019. The market had a net value of nearly US$213.9 million in 2012; it is expected to cross US$461.3 million by 2019.
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Prebiotics in Animal Feed Market: Key Drivers and Inhibitors
The market is primarily driven due to the undeniable health benefits provided by prebiotics to animals, rising meat consumption across the globe, and a global ban hovering upon the use of antibiotics in animal feed. However, increased visibility of prebiotics and stringent government regulations regarding the use of prebiotics in animal feed could exert downward effect on overall market growth.
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Prebiotics in Animal Feed Market: Overview
Amongst the variety of prebiotics based animal feed studied by the report, the market segment poultry dominated the market by occupying nearly 32.3% share of volume-wise demands, followed by cattle and swine segments which occupied 29.3% and 26.2% shares, respectively.
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Regional prebiotics in animal feed market of Europe is expected to acquire nearly half the market shares by 2019. Regional market of Asia Pacific will occupy nearly 30% market shares by 2019. Chief businesses operating in the market include Abbott Laboratories, Cosucra-Groupe Warcoing SA, Cargill Incorporated, and BENEO-Orafti SA.
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