According to a new research report titled ‘Animal Feed Dietary Fibers
Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast,
2019–2027’ published by Transparency Market Research (TMR) , the global animal feed dietary fibers market is
estimated to reach US$ 95.1 Bn by 2027. It is anticipated to expand at a CAGR
of 3.8% during the forecast period. The global animal feed dietary fibers
market is estimated to be driven by the rise in livestock population and increase
in awareness about animal health.
Increase in Demand for Meat to Drive Market
The future of food chain depends on innovative, sustainable, and
efficient feed concepts. Global consumption of meat has been rising. According
to the United Nations (UN), the global population is estimated to surpass 9.6
billion by 2050. Demand for meat products has been increasing in highly
populated countries such as China and India due to the expansion of the middle
class. Sustainability of animal diets is crucial in the development of
livestock production. Rise in livestock productivity, which is pivotal for
meeting the large demand for livestock products, cannot be achieved without the
use of sustainable animal diets. Dietary fibers constitute significant portion
of animal feed. Dietary fibers are essentially used to improve intestinal
health of animals. They are also used for the weight management of animals.
Demand for meat is rising by 2% to 3% every year. It is expected to continue to
increase by 2050, with more than nine billion people consuming larger amounts
of meat. This is estimated to provide significant opportunities for
manufacturers of animal feed dietary fibers during the forecast period.
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Technological advancements in the animal feed industry are expected to
significantly improve the overall efficiency of the production of animal feed
dietary fibers. Effective livestock production systems are essential to cater
to the demand for animal products in a sustainable manner. Currently, livestock
production systems require substantial usage of resources such as energy, land,
chemicals, and water – all of these are increasingly becoming scarce.
Production of meat is highly water intensive. Large amount of land is required
to grow sufficient crops to feed livestock. However, this land could be more
efficiently used to meet the increase in food requirements of the expanding
global populace. Thus, rise in awareness about environmental concerns
associated with meat production is anticipated to adversely affect the demand
for animal feed dietary fibers in the near future.
The global animal feed dietary fibers market is governed by strong
regulatory framework. For instance, in the U.S., the Food and Drug
Administration (FDA) and Association of American Feed Control Officials (AAFCO)
work together to regulate animal feed, particularly in the establishment of
definitions to describe and approve new feed ingredients. Sections of the
Federal Food, Drug, and Cosmetic Act (FD&C Act), including CFR Part 573,
Part 570, and Part 584, represent the fundamental guidelines for animal feed
dietary fibers industry participants. Implementation of stringent regulatory
framework regarding the nutritive value, quality, compatibility, and labelling
of the animal feed is projected to boost the demand for animal feed dietary
fibers in the next few years.
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Corn and Compound Feed Segments to Dominate Global Animal Feed Dietary
Fibers Market
Based on type, the global animal feed dietary fibers market has been
divided into corn, cereals, grains, pine, potato, spruce, and others (including
vegetables, fruits, and sugar beet pulp). Corn was the leading segment of the
market in 2018. This trend is projected to continue during the forecast period.
The corn segment is projected to hold the largest share above 40% of global
animal feed dietary fibers market by 2027. Corn provides adequate amounts of
dietary fibers to animals. It also promotes rumen bacterial growth, thus
enhancing the feed digestibility.
Based on application, the global animal feed dietary fibers market has
been segmented into pet food, compound feed, and specialty feed. The compound
feed segment is anticipated to dominate the market from 2019 to 2027. Ruminants
are herbivores; their diets are composed of plant materials. Compound feed
helps ensure livestock health and minimize distress among animals.
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Significant Potential for Animal Feed Dietary
Fibers Market in Asia Pacific
Based on region, the global animal feed dietary fibers market has been
classified into North America, Latin America, Asia Pacific, Europe, and Middle
East & Africa. In terms of revenue, the animal feed dietary fibers market
in Asia Pacific is projected to expand at a CAGR of more than 4.5% during the
forecast period. Asia Pacific has been a global leader in the animal feed
production industry. The region is likely to present significant potential for
the animal feed dietary fibers market during the forecast period. Of late, the
animal feed industry in the region has been experiencing consolidation. The
combination of increased production from decreasing number of mills is expected
to reflect continued consolidation of agricultural production in the region.
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Fragmented Market
The global animal feed dietary fibers market was highly competitive in
2018 due to the presence of several large market players. Key manufacturers
operating in the industry include Cargill, Incorporated, Roquette Frères, ADM,
Associated British Foods plc, Tate & Lyle, Ingredion, and J. RETTENMAIER
& SÖHNE GmbH + Co KG. Manufacturers of animal feed dietary fibers are
adopting various strategies such as plant capacity expansion, mergers &
acquisitions, and distribution channel expansion to strengthen their market
position. For instance, in March 2017, ADM expanded its animal nutrition
capabilities in China, with new facilities in Xiangtan and Nanjing.
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