Postbiotic Pet Food Market 2023 Growth Drivers, Regional Outlook Till 2033
According to a recent report by FMI, the global postbiotic pet food market is expected to grow at a CAGR of 6%. The market is estimated to surge from a valuation of nearly US$ 856.40 Mn in 2023 to US$ 1,231.58 Mn by the end of 2033.
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.
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.
Information Source: https://www.futuremarketinsights.com/reports/postbiotic-pet-food-market
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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