The global Animal Feed Prebiotics market is poised for remarkable expansion, with an estimated valuation of USD 2,184 million by 2024 and an anticipated growth to USD 3,080 million by 2034, reflecting a compound annual growth rate (CAGR) of 5% over the assessment period from 2024 to 2034. View Full Report: https://www.futuremarketinsights.com/reports/animal-feed-prebiotics-market Prebiotics, which are non-digestible feed additives, play a crucial role in enhancing animal health by promoting the growth of beneficial gut bacteria and improving nutrient absorption. As the demand for natural and organic feed alternatives grows, the market for prebiotics derived from natural sources continues to rise. How is Growth in Consumption of Quality Animal-based Products Impacting the Demand for Animal Feed Probiotics Several changes in dietary preferences and consumption patterns of people around the world have been documented, including a move toward the increasing intake of meat and dairy products resulting in increased sales of animal feed probiotics. The rising demand for animal products such as dairy, meat products, and other non-food goods has resulted in escalating demand for animal feed probiotics, boosting the animal feed probiotics industry. Food demand has increased across the world as a result of the fast population growth. Consumers are growing more health-conscious, emphasizing nutrient-dense diets, which are delivered through enhanced feed products provided to animals. The livestock sector is under enormous strain to meet the expanding global demand for high-value animal products demand for animal feed probiotics. Irritable bowel syndrome, viral diarrhea, inflammatory bowel disease, and antibiotic-related diarrhea can all be helped by probiotics in animal feed. This allows animals to get the most nutrition from their feed, improving the quality of animal products without causing a drop in sales of animal feed probiotics. Will Continuous Product Innovation Reduce the Cost of Production of Animal Feed Probiotics in the Long Run? Some of the leading market players such as DuPont, Alltech, and others have stepped up their efforts with different and unique products such as non-bacteria animal feed probiotics. Through the launch of these products and robust marketing strategies, they intend to cater to the increasing demand for animal feed probiotics and sales of animal feed probiotics. Improved sources to manufacture quality feed probiotics, innovative processes, and advanced transportation facilities to reach international customers are different factors aiding cost reduction. Hence the price of animal feed probiotics is expected to reduce further in the global animal feed probiotics industry. Key Market Insights • Cattle and Poultry Lead the Way: With the increasing demand for meat and dairy products, cattle and poultry remain significant application segments in the animal feed market. The focus on improving productivity in these sectors drives the demand for prebiotic feed additives. • Innovative Research Partnerships: Major companies are collaborating with research institutes to innovate within the prebiotics market. For instance, Cargill’s partnerships with academic institutions enhance their feed technology leadership, fostering productivity and profitability in animal feed. • Market Dynamics: The first half of the decade (2024-2034) is projected to see a 5% CAGR, increasing to 6% in the second half. This trend reflects the ongoing innovations and growing demand for sustainable and efficient feed solutions. Highlighting Key Trends • Yeast-based Prebiotics: Manufacturers are increasingly focusing on yeast-based prebiotics, which have shown significant benefits in enhancing animal health and productivity. These products serve as alternatives to antibiotics, addressing regulatory concerns and promoting gut health. • Sustainable Ingredients: There is a shift towards naturally sourced ingredients, which not only improve profitability but also contribute to sustainable nutrition. Products like BeneoCarb exemplify this trend, offering functional solutions that enhance animal performance. • Global Sales Trends: The global sales of animal feed prebiotics increased at a CAGR of 7% from 2019 to 2023, driven by rising awareness of animal health and sustainable farming practices. Key Takeaways from the Animal Feed Prebiotics Market • The Animal Feed Prebiotics market is expected to grow from USD 2,184 million in 2024 to USD 3,080 million by 2034, with a 5% CAGR. • Cattle and poultry are the primary segments driving prebiotic demand due to increasing meat and dairy consumption. • Yeast-based prebiotics are emerging as effective substitutes for antibiotics, enhancing animal health and productivity. • There is a rising preference for naturally sourced ingredients in animal feed to support sustainability and performance. • Collaborations between industry leaders and research institutions are fostering innovation in prebiotic products. “The global animal feed market is increasingly shaped by the cattle and poultry sectors, propelled by the growing demand for dairy, meat, and egg products. This phenomenon underscores the imperative to refine feed formulations to enhance both livestock productivity and health.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights.

IPMAN said that the arrangement to procure PMS directly from Dangote Refinery could lead to a reduction in fuel prices. At a press conference held on Monday in Abuja, Abubakar Garima, the National President of IPMAN, made this announcement after convening with the National Working Committee of the association. He clarified that the Dangote refinery has required IPMAN to directly source PMS, AGO, and DPK for subsequent distribution to IPMAN storage facilities and sales points. This updated agreement with the Dangote refinery aims to guarantee a consistent and uninterrupted supply of PMS products throughout Nigeria at a reasonable price. He said, “That this new arrangement with the Dangote refinery will ensure a steady and ceaseless supply of PMS products all over Nigeria, at an affordable rate for Nigerians also. “All IPMAN members should fully support the Dangote refinery, as it’s the ideal thing to do considering the monumental benefits of backward integration and the medium to long-term impact it will have on the Foreign Exchange markets in Nigeria. “IPMAN members nationwide should rely on the Dangote refinery and Nigerian rfineries for their white products, as this will translate into ensuring more job opportunities in Nigeria, as well as signify total support for President Bola Tinubu’s Renewed Hope Agenda.”

Senate confirms seven ministerial nominees: 1. Dr Nentawe Yilwatda - Minister of Humanitarian Affairs and Poverty Reduction 2. Muhammadu Maigari Dingyadi - Minister of Labour & Employment 3. Bianca Odinaka Odumegu-Ojukwu - Minister of State Foreign Affairs 4. Dr Jumoke Oduwole - Minister of Industry, Trade and Investment (Trade and Investment) 5. Idi Mukhtar Maiha - Ministry of Livestock Development 6. Rt. Hon. Yusuf Abdullahi Ata - Minister of State, Housing and Urban Development 7. Suwaiba Said Ahmad PhD - Minister of State Education

Bromine Market: Global Industry Analysis and Forecast (2024-2030) The Bromine Market size was valued at USD 4.80 Billion in 2023 and the total Bromine revenue is expected to grow at a CAGR of 5.5% from 2024 to 2030, reaching nearly USD 6.98 Billion by 2030 Bromine Market Report Overview Maximize Market Research published reports that help clients to understand the landscape of the Bromine Market that the client is competing in. The report gives insights about the market to help clients understand the demand for their product in the future and how competitive the Bromine Market is likely to be. The Bromine Market overview gives thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc. Request a Free Sample Copy : https://www.maximizemarketresearch.com/request-sample/2640 Bromine Market Report Scope and Research Methodology The Bromine Market report delves into the importance of segments and regional markets, based on factors like market size and growth rate. A comprehensive overview of all segments and regions is outlined within the report. An in-depth analysis of projected statistics, significant developments, and revenue is encompassed in the Bromine Market report. It also entails a thorough examination of the key strategies employed by leading market players to enhance business growth on a global scale while maintaining a competitive edge. The research on the Bromine Market encompasses an evaluation of production, consumption, revenue, market share, and growth rates across the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The application of SWOT analysis offers insights into the strengths and weaknesses of the Bromine Market . Request a Free Sample Copy or View Report Summary: https://www.maximizemarketresearch.com/request-sample/2640 Bromine Market Regional Insights Asia Pacific region holds a significant share in the bromine derivatives market with a market share of 45% in 2023 and is expected to grow with a CAGR of 5.10%, driven by rapid industrialization and urbanization in countries like China and India. In India, according to the Ministry of Statistics and Program Implementation’s Infrastructure and Project Monitoring Division, the government had 1,559 projects in the pipeline valued at INR 26.7 trillion (USD 314.22 billion) as of May 2023. Also, the Indian construction industry is expected to grow at a rate of 6.2% per year from 2023 to 2026, thanks to a strong pipeline of infrastructure projects in many sectors. The Chinese Bromine production is expected to reduce driven by a reduction in capacity owing to depleting resources that was about 4% per annum. The environmental issues and corresponding crackdowns by the authorities have also led to some production plants being shut down due to regulatory scrutiny.

Ghana is considering sourcing fuel from the Dangote oil refinery. Ghana may purchase petroleum products from Nigeria’s Dangote Petroleum Refinery once it reaches its full operational capacity, which would allow for a reduction in the costlier imports from Europe, according to the head of the country’s oil regulatory authority, who spoke on Monday. Mustapha Abdul-Hamid, the Chairman of the National Petroleum Authority in Ghana, indicated that this initiative might eliminate the necessity for $400 million in monthly fuel imports from Europe. He made these remarks during the OTL Africa Downstream Oil Conference in Lagos, as reported by Reuters. He said, “If the refinery reaches 650,000 bpd a day capacity, all that volume cannot be consumed by Nigeria alone, so instead of us importing as we do right now from Rotterdam, it will be much easier for us to import from Nigeria and I believe that will bring down our prices.”

BREAKING: President Bola Tinubu has placed a limitation on Ministers, Ministers of State, and Heads of Federal Government Agencies, allowing them a maximum of three vehicles in their official convoys. President Tinubu has directed that all ministers, state ministers, and agency heads may only have a maximum of five security personnel assigned to them. The security detail will consist of four police officers along with one officer from the Department of State Services (DSS). The President issued a statement today regarding the announcement of the cost-reduction initiative. All relevant officials are required to adhere to these new measures without delay.

The NNPCL has reached an agreement to sell petrol to the members of the Independent Petroleum Marketers Association of Nigeria for N995 per litre. This occurred after the Department of State Services intervened in the dispute between the two parties. Hammed Fashola, the National Vice President of IPMAN, stated that the involvement of the DSS has addressed numerous challenges encountered by marketers. “We really appreciate their intervention. They are doing their job. Anywhere they have seen that there may be a crisis, it is their duty to intervene. And their intervention brokered peace and understanding between the parties, and everybody agreed to work together. “For now, tentatively, I think they are offering us N995 per litre. “Our members sell at N1,200 or so and this depends on the location. I think with the N995, there will be a little reduction. Don’t forget that if you transport a product from Lagos to a far distance, you will pay for transportation and other charges. “We want to work on that because we want to have a common ground. When we sit down and look at the price analysis offered to us, and factor in all our expenses, we want to have a uniform price as much as possible. “So, I will not be able to tell you the exact price now, but we are working on it, especially in the Lagos axis and other zones. We will look at the transportation cost and all that. At the end of the day, we will fix the price for ourselves. “The price disparity has been a disadvantage between us and the NNPC Retail and major marketers. So, we are trying to look at how to close that gap so that we come back fully into the business. The lack of direct supply has been our problem, and now that we are solving that problem, I don’t think that disparity will be there again.”

Sokoto Government Unveils 55% Price Reduction on Rice and Other Essentials Amidst Economic Challenges. The Sokoto State Government has revealed 55 percent reduction in the prices of rice and other essential goods that have been sourced for the community. During the inauguration of the state and local government monitoring teams for the subsidized sale of food items on Monday, Governor Ahmed Aliyu made this announcement. Aliyu explained that this gesture is intended to alleviate the impact of the present difficulties caused by the elimination of the fuel subsidy in the nation. He clarified that the food provisions were intended to support every household in all 244 wards throughout the state. He warned,“Avoid any political, ethnic or religious consideration while discharging your assignment. Make sure every family has free access to these items because it is meant for every resident of this state. “We are all aware that since the inception of the present political dispensation, several economic upsets were witnessed nationally and internationally owing to the changing pattern of global economic indices and contraction of fortunes of the global finances. “However, certain national reform policies initiated by the Federal Government to redirect the economic and social fortunes of the country for future growth and development could not pacify the situation in the country. Policies such as the removal of fuel subsidy, electricity tariffs and others, subjected our people to varying economic hardships and numerous tests of livelihood. “We are all living witness to the fact that numerous efforts in the form of Palliatives were initiated and executed by both the Federal and State Governments to cushion the effect of the hardship. “Considering the social indices of our state and certain peculiarities, the state government extended various palliatives of different commodities to all corners and cronies of the state free of charge and procured mass transit vehicles whose services were subsidised to ease transportation difficulties of our people within the state and beyond. “In this new approach, the state government procured food items and other essential commodities meant to be sold at a 55% discounted rate to enable families to access the commodities for the well-being of their members. “The state government is committed to sustaining the supply of the commodities to all the 244 wards in the state with guaranteed access to all families irrespective of any social differences and/or political affiliations. I would like to assure all that the initiative will be sustained until when the economic situation improves in the country.”

The DSS steps in to address the conflict between NNPCL and oil marketers. The NNPC has granted approval for oil marketers, operating under the Independent Petroleum Marketers Association of Nigeria, to begin lifting petrol from its depot at a reduced price. The Nigerian Midstream and Downstream Petroleum Regulatory Authority has pledged to grant import and off-taker licenses to oil dealers. This will enable them to import fuel directly or acquire products directly from the Dangote Refinery, in accordance with the government's strategy to completely deregulate the oil sector. During a recent peace meeting facilitated by Adeola Ajayi, the Director General of the Department of State Services, a new agreement has been established. Under this agreement, the national oil company has authorized the loading of products to settle the N15 billion debt owed to the marketers. Chinedu Ukadike, the National Publicity Secretary of IPMAN said, “We were invited by the Director of the Department of State Services to resolve the ongoing issue between the association and the NNPCL. “The meeting was on the non-compliance of selling PMS to IPMAN by Dangote Refinery and the problem we are having with NNPCL in terms of pricing. Based on this, the director of DSS invited us and brokered peace. “Among what was agreed upon after a meditation process led by our National President Abubakar Maigandi, NNPCL has agreed to make some reductions and allow independent marketers to load out those tickets that amount to N15bn immediately.”

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