How Will the Mannan Oligosaccharide Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How has the mannan oligosaccharide market size evolved in recent years?
The market size for mannan oligosaccharide has experienced notable expansion in the recent past. It’s projected to escalate from a value of $2.02 billion in 2024 to a value of $2.15 billion in 2025, marking a compound annual growth rate (CAGR) of 6.1%. The escalation in the previous period is due to a surge in demand for natural feed additives, an increase in livestock production, rising apprehensions about antibiotic resistance, growth in the animal feed sector, and a rise in incidences of livestock-related diseases.
What are the predictions for the mannan oligosaccharide market size in the coming years?
The market size of mannan oligosaccharide is projected to experience substantial growth in the upcoming years, escalating to $2.7 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. This growth during the projected era can be ascribed to the growing occurrence of chronic diseases, increased intake of nutrition products derived from animals, an elevated demand for prebiotic components, a surge in demand for food items rich in protein, and a rise in average individual income. Key trends during this forecast period comprise enhancements in organic and natural ingredients, technological progress, advancements in processed food, enhancement in animal nutrition, and the implementation of precision livestock farming.
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What key factors are fueling the growth of the mannan oligosaccharide market?
The market for mannan oligosaccharides is projected to expand due to the growing utilization of animal-derived nutritional products. These products, comprising of crucial nutrients like proteins, vitamins, and minerals sourced from animals, are consumed by humans. The widespread dietary inclinations towards these products are driven by their perceived nutritive content, cultural and gastronomic traditions, and urban evolution. The health advantages of mannan oligosaccharides like improved gut health, strengthened immunity, and enhanced growth performance, play an instrumental role in the productive and sustainable development of animal-based nutritional goods. For instance, statistics from the Australian Bureau of Statistics reveal that meat production boosted to 121.8 tons in 2021 and further heightened to 125.6 tons in 2022. Therefore, the increased consumption of animal-sourced nutritional products fuels the growth of the mannan oligosaccharide market. Mannan Oligosaccharide Market Driver: Dietary Supplement Demand Escalates Mannan Oligosaccharide Market Growth
How is the global mannan oligosaccharide market divided into key segments?
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
Subsegments:
1) By Food Grade: Functional Food And Beverages, Nutraceuticals, Dietary Supplements
2) By Feed Grade: Livestock Feed, Poultry Feed, Aquaculture Feed, Pet Food
3) By Pharma Grade: Pharmaceutical Applications, Medical Supplements, Therapeutic Products
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Who are the key firms paving the way for growth in the mannan oligosaccharide market?
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
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What regions are contributing significantly to the growth of the mannan oligosaccharide market?
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.
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