Increasing demand for livestock
Asia Pacific is expected to be one of the largest markets for MOS over the forecast period. Robust manufacturing base of meat production in China, India and Australia is expected to promote animal feed industry which is expected to fuel MOS demand. Dairy industry growth in New Zealand, Australia and India is expected to increase the cattle farming which is expected to augment MOS market growth. Rising importance of naturally derived ingredients in animal feed industry in Europe on account of ban imposed on synthetically derived products such as antibiotics is expected to have a positive impact on MOS market over the forecast period. Growing production of red meats such as beef and pork in Brazil on account of growing domestic consumption is expected to augment animal feed industry and is expected to fuel MOS market demand over the forecast period. Middle East is expected to be a lucrative market over the forecast period on account of growing animal feed industry in light of rising consumption of beef and technological advancement. Meat producers such as Tyson Foods, Perdue Farms and Foster Farms have started to deploy the use of naturally derived ingredients such as MOS in animal feed for cattle farming.
Major manufacturers in MOS market include Royal Canin, Biofeed Technology, ORFFA, MItushi Pharma, Nutriteck, Lallemand and Fubon. New product developments along with establishment of strategic partnerships with buyers are expected to remain a critical success factor for MOS market players in the near future. Increasing bio-based ethanol production in the U.S. and Brazil on account of regulatory inclination to reduce green house emissions is expected to restrict the availability of yeast as raw material for MOS production over the forecast period. In January 2014, Protexin Veterinary launched new pet care product comprising MOS, under the brand name, CystoPro, for improving urinary tract function in dogs. This product launch is expected to force other pet care products manufacturers to deploy the use of MOS in their offerings to improve urinary tract function.
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