Prebiotics are non-digestible food ingredients that are responsible to fuel growth of few specific species of bacteria in the gut of animals. Generally this bacteria is probiotic which helps to improve the digestive tract and support immune system in animals. Prebiotics are considered as non-antibiotic growth promoters or natural growth promoter. Multiple health benefits to animals and ban on use of antibiotics in animal feed are driving the growth of prebiotics in animal feed demand globally.
The market is segmented on the basis of livestock type and geography. Different kind of livestock type includes swine, poultry, cattle, aquaculture and others. Major geographies included are North America, Europe, Asia-Pacific, and Rest of the World (RoW). Poultry and cattle constitute more than 60% share of the revenue. The study also includes price analysis by raw material from 2011 to 2019.
The study mainly covers value chain analysis and porter's five forces which provide in-depth analysis of industry along with prevailing competition within the industry. It also covers competitive analysis by calculating the market attractiveness by products.
The study includes major factors driving and restraining the market along with their impact for next six years on the market. The analysis is based on three parameters such as low, medium and high. The study also includes company profile of major players of the market. The companies are profiles including attributes such as financial position, product portfolio, and business strategy along with their SWOT analysis. Some of the major players of the market are Abbott Laboratories, Cargill Incorporated, Cosucra-GroupeWarcoing SA, and BENEO-Orafti SA.
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Source: PR Newswire