Global High Fiber Feed Market value is projected to reach US$ 524.1 million by 2034

According to Fact.MR, a leading provider of market research and competitive intelligence, the High Fiber Feed Market achieved a value of approximately US$ 276.3 million in 2019. Projections suggest a notable growth trajectory, with demand expected to increase at a Compound Annual Growth Rate (CAGR) of 4.4% from 2024 to 2034. By 2034, the market is anticipated to reach US$ 524.1 million.

The escalating global population and rising incomes have fueled a surge in demand for enhanced livestock output, consequently driving the need for high-fiber feeds. This trend is further amplified by substantial investments in the animal nutrition sector, leading to the development of high-fiber feeds with optimized nutritional compositions, thereby bolstering their popularity.

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Top Key Players

Triple Crown Nutrition Inc., Archer-Daniels Midland Co, Cargill, Inc., Fiber Fresh Feeds Ltd, The Pure Feed Company Limited, Gulshan Polyols Ltd, Dengie Crops Ltd, Muenster Milling Co., Manna Pro Products LLC, Roquette Frères, Mars Horsecare UK Limited

Market Segmentations
By Livestock: Ruminants, Poultry, Equines, Swine, Aquatic Animals, Pets, Others
By Source Ingredient: Soybean, Wheat, Corn, Sugar Beet, Other Sources
By Type of Fiber: Soluble, Insoluble, Both
By Region: North America, Europe, Latin America, East Asia, South Asia & Oceania, Middle East & Africa

With an increased understanding of the importance of gut health and general animal well-being, cattle farmers prioritize high-fiber diets. Consumers' preference for nutrient-rich animal-based food products, such as meat, fish, and eggs, has also surged the demand for animal feeds with concentrated fibers.

Key Takeaways from the Global Bullet Market Study Report

The United States meets more than 70% of the total demand for high fiber feeds in North America.
Over the projection years, the high fiber feed industry in the United States is anticipated to advance at 5% CAGR.
China is the leading market in East Asia and contributes to more than 70% of the total high fiber feed sales in the region.
The current valuation of the high fiber feed industry in China is nearly US$ 59.2 million, and through 2034, it is predicted to expand with a 5.2% CAGR.
The insoluble fiber feed segment is forecast to rise at a 4.5% CAGR till 2034.
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Competitive Landscape

Several high fiber feed market players partner with farmers, cooperatives, and sustainable sourcing initiatives. These collaborations aim to ensure a resilient and responsible supply chain for raw materials, a critical aspect of sustainable feed production. Companies often collaborate with research institutions and universities to stay at the forefront of scientific advancements in animal nutrition.

These collaborations drive innovation in the development of high fiber feed formulations that enhance animal health and performance. Leading players in the high fiber feed market increasingly adopt circular economy principles. This involves minimizing waste, optimizing resource use, and creating feed solutions that contribute to environmental sustainability.

Recent Developments

In mid-2021, Cargill Inc. revealed plans to expand its animal nutrition business in China after the completion of a new premix factory there.
In 2021, DuPont Nutrition & Biosciences announced to enhance the digestibility of dietary fibers for animals through the introduction of its novel enzyme solutions.
Increased Focus on Animal Preventive Health Drives Growth in the Insoluble Fiber Feed Segment

In terms of various fiber types incorporated into animal feed, the insoluble fiber feed segment is poised to account for 58.8% of total consumption by 2024. Projections indicate a substantial surge in demand for insoluble fiber feeds over the next decade, with an anticipated Compound Annual Growth Rate (CAGR) of 4.5%.

Insoluble fiber feeds are gaining prominence as a proactive measure for animal health, effectively mitigating the risk of metabolic issues and digestive ailments. Livestock owners increasingly prefer insoluble fiber due to its superior nutrition delivery ratio and extended shelf life compared to other fiber types. This shift underscores the growing recognition of insoluble fiber as a vital component in promoting and maintaining the health of animals in various agricultural settings.

Read More - https://www.globenewswire.com/news-release/2023/12/22/2800426/0/en/High-Fiber-Feed-Market-to-Surpass-US-524-1-Million-at-4-4-CAGR-by-2034-Fact-MR-Report.html

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