High Fiber Feed Sales Forecasts Reveal Positive Growth Through 2027
by swapna · May 31 Mark Andrews Jersey , 2019
The latest market report by PMR, titled ‘High Fiber Feed Market: Global Industry Analysis 2013鈥?017 and Forecast 2018鈥?027’, provides some key insights on the global high fiber feed market in terms of volume and value. As per the report, the global high fiber feed market is expected to grow at an attractive CAGR of 4.2%, and be valued at US$ 383.4 Mn by the end of forecast period. PMR offers several vital insights about the global high fiber feed market scenario with several forecasting factors.
The Equines Segment is expected to Have a Prominent Market Value Share of 24% in 2018, and Exhibit a Healthy CAGR of 5.0% over the Forecast Period in the Global High Fiber Feed Market
By livestock, the global high fiber feed market can be segmented as ruminants Lamar Jackson Jersey , equines, poultry, swine, pets, aquatic animals, and others. The equines segment holds a prominent market share in terms of value over the forecast period. This is can be credited due to the increasing demand for high fiber feed for horses, as high fiber feed provides a healthier digestive tract Hayden Hurst Jersey , thus making horses look good and perform better. An increase in the demand for high fiber feed from the ruminants segment is expected too, as it increases feed intake, improves digestibility, and ultimately enhances production.
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The High Fiber Feed Market in North America is expected to hold a Prominent Share of 33.6% in Terms of Value by the End of the Forecast Period
The global high fiber feed market has been segmented as Asia Pacific, North America, Latin America, the Middle East & Africa Justin Tucker Jersey , and Europe. In the global high fiber feed market, the North American region is expected to have a high market value share of 24.6% by 2018, owing to the rising awareness about the benefits of the use of high fiber feed with proper formulation of feed for animals in order to enhance the productivity and performance of the animals.
However, the high fiber feed market in North America is expected to grow at a lower CAGR than the other regions, since it is a mature market. The high fiber feed markets in the Asia Pacific and MEA regions are expected to grow at a rapid pace, with APAC exhibiting a CAGR of 5.0%, owing to the growing animal and animal feed demand from these regions.
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