The mannan oligosaccharide market size has grown strongly in recent years. It will grow from $1.91 billion in 2023 to $2.02 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increased demand for natural feed additives, growth in livestock production, rising concerns regarding antibiotic resistance, expansion of the animal feed industry, and rise in the incidence of livestock diseases.
The mannan oligosaccharide market size is expected to strong growth in the next few years. It will grow to $2.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to the rising prevalence of chronic disease, rising consumption of animal-based nutritional products, rising demand for prebiotic ingredients, rising demand for protein-based food products, and increasing per capita income. Major trends in the forecast period include improvements in natural and organic ingredients, technological advancement, advancements in processed food, improving animal nutrition, and adoption of precision livestock farming.
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Scope Of Mannan Oligosaccharide Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mannan Oligosaccharide Market Overview
Market Drivers –
The rising consumption of animal based nutritional products is expected to propel the growth of the mannan oligosaccharide market going forward. Animal-based nutritional products refer to food or supplements derived from animal sources that provide essential nutrients such as protein, vitamins, and minerals for human consumption. The rising consumption of animal-based nutritional products can be attributed to various factors, such as perceived nutritional value, cultural and culinary traditions, and urbanization, all of which influence dietary choices and preferences worldwide. Mannan oligosaccharides, which promote intestinal health, strengthen the immune system, and improve growth performance, can be a helpful tool for increasing the sustainable and efficient production of animal-based nutritional products. For instance, in March 2023, according to the Australian Bureau of Statistics, an Australia-based government agency, meat production increased to 121.8 tons in 2021, and it further surged to 125.6 tons in 2022. Therefore, the rising consumption of animal based nutritional products is driving the growth of the mannan oligosaccharide market.
Market Trends –
Major companies operating in the mannan oligosaccharide market are focusing their efforts on introducing innovative solutions, such as non-starch polysaccharide (NSP) enzyme products, to address a significant challenge in animal feed efficiency. Non-starch polysaccharide (NSP) enzyme products aid in breaking down complex carbohydrates like cellulose and hemicellulose, enhancing the effectiveness of mannan oligosaccharides (MOS) in promoting gut health and nutrient absorption. For instance, in December 2021, BASF SE, a Germany-based chemical company, launched Natupulse TS, a feed enzyme used in animal nutrition that serves as an endo-1,4-ß-D-mannanase. This enzyme targets non-starch polysaccharides (NSPs) present in animal feed, particularly ß-mannans found in ingredients such as soybean meal, a common protein source in broiler diets. By catalyzing the hydrolysis of ß-mannans, this enzyme breaks them down into smaller components such as manno-oligosaccharides (MOS), reducing digesta viscosity, improving nutrient digestion, and promoting a more sustainable production approach.
The mannan oligosaccharide market covered in this report is segmented –
1) By Type: Food Grade, Feed Grade, Pharma Grade
2) By Application: Dietary Supplement, Medical Application, Veterinary Food, Other Applications
3) By End Use: Pet Food Industry, Pharmaceuticals, Aquaculture, Other End Uses
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Regional Insights –
North America was the largest region in the mannan oligosaccharide market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mannan oligosaccharide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the mannan oligosaccharide market are Lesaffre International SAS, Angel Yeast Co. Ltd., Alltech Inc., Lallemand Inc., Novus International Inc., Royal Canin SAS, Pancosma SA, AB Vista Co, JH Biotech Inc., Biorigin LLC, Phileo Lesaffre Animal Care, Titan Biotech Limited, Nutritech International Ltd., Meenakshi Agro Farms, ICC Brazil Co, Hexon Laboratories Pvt. Ltd., Biofeed Technology Inc., Mitushi Pharma, Rajvi Enterprise, Vet Biochem Animal Healthcare
Table of Contents
1. Executive Summary
2. Mannan Oligosaccharide Market Report Structure
3. Mannan Oligosaccharide Market Trends And Strategies
4. Mannan Oligosaccharide Market – Macro Economic Scenario
5. Mannan Oligosaccharide Market Size And Growth
…..
27. Mannan Oligosaccharide Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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