Feed additives are food supplements for farm animals, which fulfill the nutritional needs that are not met by regular meals. These include vitamins, minerals, amino acids, and fatty acids.
They are an indispensable part of the animal nutritional necessity. They improve feed quality, and hence, improve animal health and productivity. Rising living standards and disposable income are increasing meat and dairy product intake. Combined with that, the growing preference among livestock producers toward nutrition and quality is fueling the steady demand for feed additives.
Segmentation by type
The most important kinds are vitamins, minerals, amino acids, antioxidants, fatty acids, medications, and sweeteners & flavors. Vitamins and antioxidants improve weaning and conception rates, immunity, and overall health. Medications help livestock farmers to decrease the chances of animals becoming diseased.
Segmentation by region
The sector is divided into various areas, i.e., America, Europe, Asia-Pacific, and Middle East & Africa. Asia-Pacific is thought of as the fastest-growing market, with China expected to be the global leader. EU has put forward stringent regulation and approval process, which might increase the manufacturing cost and hamper demand.
Increasing demand for improved quality of farm products amid increasing living standards in countries, such as New Zealand, Portugal, and Iceland, is driving the growth of the global feed additive market. Greater awareness about the nutritional content of meat and other dairy products among consumers has encouraged livestock farmers to provide better nutrition to the farm animals. These factors have contributed to a steady rise of the market.
However, conventional feeding methods, such as crop residue and grazing, still pose a danger to the feed additive market, owing to very low or zero costs related. Additional restraints include a ban on several different medications in many countries and strict regulations, as well as volatility, in prices of raw materials. Case in point is that the EU Regulation 1831/2003, which states that all feed additives on the market within the European Union have to undergo a detailed approval process. Other markets are also expected to follow suit, according to the market intelligence company.
Here is a list of some of the major market players:
– Adisseo France SAS
– BASF SE
– Alltech Inc..
– Chr. Hansen
– Archer Daniels Midland Company
Various important developments are being witnessed in the feed additive industry.
– Biomin, the Austria-based animal feed additive maker, opened a new production plant in Jiangsu, China.
– Olmix opened its first factory in Asia, with an annual production capacity of 15,000 metric ton of feed additive in Vietnam.
– Nutriad engaged in partnerships with Brazilian universities, with the aim to evaluate its product portfolio for tropical circumstances.