Press release
Postbiotic Pet Food Market Projected to Record Highest CAGR 6% by 2023 to 2033
Postbiotic Pet Food Market
The postbiotic pet food market is expected to grow significantly in the next ten years. This is due to the increasing awareness of various benefits of postbiotics for pets. Postbiotics are live microorganisms that are beneficial to the health of animals. They help to improve digestion, immunity, and skin health.
In recent years, the pet food industry has seen a shift towards more natural, holistic, and sustainable products. This trend is mainly set to be driven by growing awareness of the health and environmental benefits of plant-based diets, as well as various ethical concerns revolving around animal agriculture.
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One of the fastest-growing segments in the pet food industry is postbiotic foods. Postbiotic foods are made with live bacteria that have been fermented to break down carbohydrates and proteins into easily digestible nutrients. This type of food is thought to be closer to what dogs and cats would eat in the wild, and it has been shown to improve gut health and digestion.
Moreover, a postbiotic is a good bacterium that is found in some fermented foods. These good bacteria help to keep the digestive system healthy and improve immune function. Postbiotic pet food is made with these good bacteria, which can help to improve the pet's health.
The beneficial effects of postbiotics have been well-studied in humans. Some research has shown that they can help to enhance gut health, reduce inflammation, and boost immunity. There is also some evidence that they may help to reduce the risk of obesity and diabetes.
Key Takeaways from the Postbiotic Pet Food Market Report
The postbiotic pet food market exhibited steady growth at a CAGR of 4.9% during the historical period from 2017 to 2022.
The global market for postbiotic pet food is anticipated to surpass US$ 1,231.58 Mn by the end of 2033.
The U.S., China, Canada, Germany, and Mexico are the major countries driving the demand for postbiotic pet food.
The North America postbiotic pet food market is expected to register a 38% CAGR between 2023 and 2033.
The market size for postbiotic pet food is expected to reach US$ 856.40 Mn by the end of 2023.
Competition Landscape: Postbiotic Pet Food Market
Some of the key players in the global postbiotic pet food market are Royal Canin, Nestle Purina Pet Care Company, Mars Inc., Chr. Hansen (Denmark), Kinglike DSM N.V., DowDuPont, Evonik Industries, Land O'Lakes. Other players include Lallemand, Bluestar Adisseo Co., Lesaffre, Alltech, Novozymes, Calpis Co. Ltd., Schouw & Co., Unique Biotech, Pure Cultures, Kerry, and Mitsui & Co., Ltd.
North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region's growing population and rising disposable income levels. Furthermore, the region's postbiotic pet food market is expected to grow at a rapid pace in the next ten years due to the presence of a favorable legal and regulatory environment.
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Get Valuable Insights into Postbiotic Pet Food Market
FMI, in its new offering, provides an unbiased analysis of the postbiotic pet food market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for postbiotic pet food market based on product (cattle, swine, aquaculture, pet, equine, others), by form(dry, liquid, capsule, others), by region (North America, Latin America, Europe, Asia Pacific, Oceania, MEA).
Postbiotic Pet Food Market Outlook by Category
By Product:
Cattle
Swine
Aquaculture
Pet
Equine
Others
By Form:
Dry
Liquid
Capsule
Others
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Frequently Asked Questions
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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