ID: MRFR/AGR/3665-CR | July 2019 | Region: Global | 105 pages
Perspective of global animal feed additives market:
The feed additives market is experiencing a moderate growth rate and is expected to remain the same during the forecast. One of the main limitations of the market includes the increasing use of antibiotics in livestock.
As the demand for the consumption of animal products such as meat,milk, eggsamong others grows, the use of antibiotics in feed has an obvious impact on humans. In view of this influence, the European Union has banned antibiotics as growth promoters. As a result, manufacturers operating in the market of food additives buy products fromplants, animals and microorganisms.
Farmers find that monogastric animals find it difficult to synthesize vitamin B in their bodies. As a result, they are looking for feed additives to give the right nutrition to their animals and improve their production. In addition, the emergence of several diseases found in livestock also leads to a greater awareness of producers to recognize and act on the benefits that animal additives bring.
Having witnessed an increase in demand from farmers, the leading companies operating in the food additives market are approaching development in unique ways. Animal feed additives market participants engage in development and research activities to offer effective feed additives. In addition, the focus has been on theexpansion and development of product lines and their brand worldwide. For example, in March 2019, BASF SE announced the launch of phytase Natuphos E, an enzyme added to normal food to improve animal health in Indonesia.
Following the COVID-19 crisis, the feed additives market size has suffered a decline in its growth. This is due to the reduced demand for products of animal origin and the disruption in the supply chain.
Animal feed additives market assessment:
The global market for food additives is segmented by region, type of additive,function, livestock and form. Based on the type of additive, the market is classified into antioxidants,amino acids, food enzymes, vitamins,food acidifiers, minerals, antibiotics, binders and others. The amino acid segment is further classified into lysine,methionine,tryptophan, threonine and others. The antioxidant segment is subsegmented into ethoxycin, BHT,BHA and others. Food enzymes are subdivided into non-starch polysaccharides, phytase, xylanase, protease and others. Feed acidifiers are subdivided into butyric acid,formic acid, acetic acid, fumaric acidand others. The vitamin segment is subdivided into fat-soluble and water-soluble. The minerals are then segmented into sources of copper, sources of zinc, sources of manganese andsources of iron. The binders are further broken down into guar gum (arabica), calcium wood sulphate and others. The antibiotic segment is subdivided into penicillin, tetracycline and others. Based on livestock, the market is classified into aquatic animals, pigs, birds, daily and others (birds, horses and pets). Depending on the shape, it is classified as liquid, dry and others. Depending on the function, it is divided into multifunctional and a single function. Based on the region, it is analyzed in Europe, North America and Asia Pacific.
Feed additives industry - scope of the Report:
Feed additives are products that improve the nutrition of animals and are added to feed to provide complete nutrition for farm animals. The end consumers of feed additives are feed mills that manufacture compound feed for animals. Market growth does not include the additions purchased from farmers to supplement the quality of home-cooked meals.
The market was segmented by geography, type of animal and type of additive. The additive type segmentation includes only additives added to compound feeds, and the same additives are given directly to animals (as premixes) without addition to the feed.
Birds occupy the largest market
Poultry food additives hold one of the largest stocks in the global feed additives market size, due to the strong demand for chicken meat increased by the consumption of processed chicken in countries like China,USA, Australia, India,Brazil, Russia and Japan. It is anticipated that the growing demand for processed protein and meat diet, due to the increase in domestic income levels, will continue to drive the demand for feed. This factor, in turn, will lead to greater use of nutrient additives on several farms. The per capital consumption of chicken meat is highest in the United States and Israel with 49.8 kg / capita and 58.5 kg / capitarespectively, in 2018.
Cargill, one of the world's leading feed supplement companies, has expanded its facility in Ohio, producing about 86,000 tons of animal feed annually.The company also opened a facility in the Philippines in 2017 to meet the growing demand of medium-sized and large livestock farms and feed producers in the Southeast Asian and Philippines countries.
Increased demand for organic animal production
Farm animals are often affected by diseases such as swine flu, bird flu, infections in the feet and mouth, which has raised concerns regarding the quality and safety of meat products. This increased the demand for grains such as wheat, barley and maize from other commercial feeds is expected to hinder market growth.
The rise of advanced technologies, fluctuating regulatory trends,along with consequent improvements in final production based on the type of feed is driving the market.
Livestock additives are marketed by livestock
Increase in the consumption of meat products due to the demand for energy in North America.
Due to the high consumption of meat, North America exhibits a fairly high demand for quality meat. Thus, in order to obtain high quality meat, complete nutritional additives are given to the animals so that they have good digestion to gain more weight and muscle. This is important to increase the productivity and yield of the animals. This then boosts the market for nutrient additives.
An important point to note here is that beef consumption in the United States has steadily increased from 1970 to 2018. Currently chicken and meat consumption in the United States is more than 100 billion pounds annually. The nation has therefore emerged as a major consumer of nutritional supplements. In addition, the increase in meat consumption has driven the use of feed additives in various segments such as daily, livestock, aquatic animals, birds and pigs.
Competition in animal feed additives market:
Cargill Inc, DSM Nutritional Products AG, Novus International, Evonik Industries, Nutrition NV, Bluestar Adisseo Co. Ltd and BASF SE, Sumitomo Chemical. These companies are primarily focused on expanding their companies and implementing strategies such asacquisitions and mergers and product innovations and expansions .
Companies, such as BASF SE, work with business partners, farmers and research institutionsto offer feed solutions, tailored to the needs of the animals. BASF recently established a plant in Ludwigshafen, Germany, for the expansion of the existing vitamin A plant with 600 machines and 4,000 pipelines to be integrated into the process control system by the end of 2020.
Global animal feed additives market research methodology:
A key factor for our excellent market research accuracy is the expert and data research methodologies. We combine an eclectic mix ofdata science, experience,machine learning and analysisto develop research methodologies that result in realisticmultidimensional market analysis.
In poultry, vitamin additives for feed can help provide the proper nutrition necessary to combat the stress of being grown in required conditions. Providing the right kind of vitamins according to the species and their nutritional needs can lead to extended shelf life, better egg and meat quality and translate into better availability of essential nutrients for human consumption.
To improve the growth, milk and meet production of cattle, minerals and vitamins are considered essential in the diet of sheep, cattle and goats. The natural grazing food of these animals does not always contain an essential balance of these foods. Apparently, the lack of certain vitamins can decrease the lifespan of the animals and their productivity due to problems such as bone malformations.
How animal feed additives market size will develop
The growth of consumption of meat and milkproducts worldwide to obtain proteins and various foods is expected to accelerate the market. Food additives are consistent components of the growing meat production industry worldwide. It is known that these food additives are the catalysts that help various activities, such asvitamin intake, improving the rate of weight gain in animals,digestion, disease prevention and preservation , which result in improved quality of meat production. Due to these factors, the market demand for feed additives has to be considerably increasing. The demand for forage additives from plants is likely to remain exceptionally high during the forecast.
The growing world population, especially in Asia-Pacific, will create a huge demand for food of animal origin and present major challenges to maintaining the production and quality of food in the coming decades. The constant increase in the consumption of packaged meat and the emergence of key trends, such as prepared meals, will lead in an appropriate manner, to the implementation of strict quality control measures.
Key benefits for stakeholders
The report gives important information on the strategic analysis of the industry by several companies and the analysis of the value chain of food additives.
A comprehensive analysis is conducted as a result of the product monitoring, benchmark and positioning of the main competitors in the global market.
The report provides a comprehensive analysis of the size and trends of the feed supplement market from 2017 to 2023 to determine existing opportunities.
The report gives market trends for additives for extensive and quality livestock in significant segments or regions.
A comprehensive analysis of the factors that drive and limit market growth is given.
Frequently Asked Questions (FAQ) :
feed additives market is projected to grow at approximately 5.96% CAGR during the assessment period (2017-2023).
feed additives market is estimated to reach a valuation of approx. USD 53378.2 MN by the end of 2023.
Changing lifestyle, increasing consumer preferences for healthy diet, and augmenting meat consumption, are major tailwinds pushing the growth of the global feed additives market.
Europe holds the largest share in the global feed additives market, followed by North America and the Asia Pacific, respectively.
Alltech Inc. (U.S.), Cargill Inc. (U.S.), Evonik Industries (Germany), Archer-Daniels-Midland Company (U.S.), Danisco A/S (Denmark), BASF SE (Germany), and Adisseo France SAS (France), are some of the top players operating in the global feed additives market.