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.
“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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