Market Size of North America Feed Prebiotics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.80 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Feed Prebiotics Market Analysis
The North America Feed Prebiotics market is projected to grow at a CAGR of 7.8% during the forecast period 2020-2025. Food safety has become an important issue for many governments across the world, especially in North America. Consumers across the region are now more aware and informed about the products they consume. They are giving importance to the extrinsic qualities and attributes of the meat that they consume, and the conditions under which the meat is produced. Certain pathogenic and parasitic contamination in meat products, such as Salmonella, Listeria, and E. coli, along with outbreaks of various diseases among the livestock animals, such as Avian Influenza and African Swine Fever, have raised concerns about the quality and safety of meat. This has led to the use of feed additives, such as enzymes, prebiotics, and vitamins, which provide balanced nutrition to the animals and protect them against such harmful environmental factors. Thus, increased awareness and high demand for safe meat and milk products are prompting the livestock industry and meat manufacturers to use additives, like prebiotics.