High Fiber Feed Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Leading market research firm, Fairfield Market Research, has released a comprehensive report on the global High Fiber Feed market, forecasting substantial growth from its valuation of US$ 360 million in 2024 to an estimated US$ 500 million by 2031.
Key Trends Shaping the High Fiber Feed Market
1. Demand for Meat and Meat Products
There is a direct correlation between per capita meat consumption and per capita GDP. As economies develop and per-capita GDP rises, meat consumption increases globally. To meet the demand for high-quality meat products, animal husbandries are turning to nutritional solutions such as high-fiber feed to maximize output. Increased internet penetration has also raised awareness among livestock farmers about the benefits of high-fiber feed, further driving its adoption.
2. Increased Awareness in the Agricultural Community
Fluctuations in agricultural income and changing climatic conditions have led many farmers to explore animal husbandry as an additional income source. Increased awareness from various sources has prompted these farmers to choose beneficial animal nutrition sources like high-fiber feed, positively impacting the global market. Additionally, the demand for natural additives in the animal feed industry, driven by health concerns related to chemical additives, is boosting the high-fiber feed market.
3. The Growing Horse Racing Industry and Equine Food Demand
The horse racing industry, a popular sport globally, generates substantial revenue and has led to a rise in the number of horses and horse stables. This, in turn, has increased the demand for nutritional and high-performance horse food. High-fiber horse feed is recommended for proper growth and enhanced race performance. The growing horse racing industry, especially in countries like the UK, USA, and UAE, presents lucrative opportunities for manufacturers to produce customized feed products, driving sales growth.
4. Adoption of Modern Feeding Practices
The livestock industry is increasingly adopting high-protein and low-fiber feed, especially in monogastric feed markets, to enhance animal performance and productivity. However, this trend can have a negative impact on the global high-fiber feed market. Additionally, the lack of awareness about the appropriate use of fiber in feed mixtures can lead to misconceptions about the benefits of high-fiber feed.
Country-wise Insights
High Fiber Feed Sales in the Indian Market
Fairfield Market Research predicts high fiber feed sales of US$ 8.4 million in 2023 in India. The market is expected to grow at a rate of 5.6% in the coming years, driven by the expanding animal feed industry in the country.
Consumption Outlook in the U.S. Market
The compound annual growth rate of the high fiber feed market in the U.S. is projected at 3.0% during 2023-2033, primarily due to the growing pet food industry and consumer preference for high-fiber feed products for pet well-being. By the end of 2033, the market is expected to achieve sales of US$ 134.2 million.
Competitive Landscape
Key players in the high fiber feed market are committed to developing and supplying animal nutrition and feed ingredient solutions to feed manufacturers, retailers, livestock producers, and other agricultural stakeholders through high-quality products. Manufacturers are also focusing on innovative feeds that provide energy and digestible nutrients to animals. To meet growing global demand, companies are expanding production capacity, incorporating advanced technology and equipment, and exporting products internationally.
Key Companies Profiled
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 Freres
Mars Horsecare Uk Limited
High Fiber Feed Industry Research by Category
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
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa
Table of Contents
1. Executive Summary
1.1. Global High Fiber Feed Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global High Fiber Feed Market Outlook, 2018 - 2031
3.1. Global High Fiber Feed Market Outlook, by Livestock, Value (US$ Mn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Ruminants
3.1.1.2. Poultry
3.1.1.3. Equines
3.1.1.4. Swine
3.1.1.5. Aquatic Animals
3.1.1.6. Pets
3.1.1.7. Others
3.2. Global High Fiber Feed Market Outlook, by Source Ingredient, Value (US$ Mn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Soybean
3.2.1.2. Wheat
3.2.1.3. Corn
3.2.1.4. Sugar Beet
3.2.1.5. Other Sources
3.3. Global High Fiber Feed Market Outlook, by Type of Fiber, Value (US$ Mn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Soluble
3.3.1.2. Insoluble
3.3.1.3. Both
3.4. Global High Fiber Feed Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America High Fiber Feed Market Outlook, 2018 - 2031
4.1. North America High Fiber Feed Market Outlook, by Livestock, Value (US$ Mn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Ruminants
4.1.1.2. Poultry
4.1.1.3. Equines
4.1.1.4. Swine
4.1.1.5. Aquatic Animals
4.1.1.6. Pets
4.1.1.7. Others
4.2. North America High Fiber Feed Market Outlook, by Source Ingredient, Value (US$ Mn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Soybean
4.2.1.2. Wheat
4.2.1.3. Corn
4.2.1.4. Sugar Beet
4.2.1.5. Other Sources
4.3. North America High Fiber Feed Market Outlook, by Type of Fiber, Value (US$ Mn), 2018 - 2031