Feed additives are supplements for farm animals, which fulfill the nutritional needs which are not met by regular meals. These include vitamins, minerals, amino acids, and essential fatty acids.
They are a necessary part from the animal nutritional requirement. They enhance feed quality, and as such, improve animal health insurance productivity. Rising living standards and disposable income are increasing meat and dairy product consumption. Combined with that, the growing preference among livestock producers toward quality and nutrition is fueling the steady interest on feed additives.
Segmentation by type
The most crucial types are vitamins, minerals, amino acids, antioxidants, fat, medications, and flavors & sweeteners. Vitamins and minerals improve weaning and conception rates, immunity, and all around health. Medications help livestock farmers to reduce the chances of animals becoming diseased.
Segmentation by region
The information mill divided into various regions, i.e., America, Europe, Asia-Pacific, and Middle East & Africa. Asia-Pacific is known as the fastest-growing market, with China anticipated to be the global leader. EU has submit stringent regulation and approval process, which could increase the manufacturing cost and hamper demand.
Increasing requirement for improved quality of farm products amid rising living standards in countries, like New Zealand, Portugal, and Iceland, is driving the rise of the global feed additive market. Increased awareness regarding the nutritional content of meat and also other dairy products among consumers has prompted livestock farmers to offer better nutrition to your farm animals. These factors have ended in a steady growth with the market.
However, conventional feeding methods, for instance crop residue and grazing, still pose a threat on the feed additive market, as a result of very low or zero costs associated. Further restraints such as a ban on various medications in many countries and stringent regulations, along with volatility, in prices of recycleables. Case in point would be the EU Regulation 1831/2003, which states that each one feed additives on this market within the European Union need to undergo a close approval process. Other investing arenas are also required to follow suit, according on the market intelligence firm.
Here is usually a list of some on the major market players:
– Adisseo France SAS
– BASF SE
– Danisco Animal Nutrition
– Alltech Inc.
– Cargill Inc.
– Chr. Hansen
– Archer Daniels Midland Company
Various key developments will be witnessed within the feed additive industry.
– Biomin, the Austria-based animal feed additive manufacturer, opened a fresh production plant in Jiangsu, China.
– Olmix opened its first factory in Asia, by having an annual production capacity of 15,000 metric a lot of open feed additive in Vietnam.
– Nutriad engaged in partnerships with Brazilian universities, using the aim to evaluate its product portfolio for tropical circumstances.