Feed additives are vitamin supplements for farm animals, which fulfill the nutritional needs who are not met by regular meals. These include vitamins, minerals, amino acids, and fat.
They are a vital part in the animal nutritional requirement. They enhance feed quality, and therefore, 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 need for feed additives.
Segmentation by type
The most crucial types are vitamins, minerals, amino acids, antioxidants, essential fatty acids, medications, and flavors & sweeteners. Vitamins and minerals improve weaning and conception rates, immunity, and overall wellness. Medications help livestock farmers to diminish the chances of animals becoming diseased.
Segmentation by region
The publication rack 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 required to be the global leader. EU has submitted stringent regulation and approval process, which could increase the manufacturing cost and hamper demand.
Increasing interest in improved quality of farm products amid rising living standards in countries, like New Zealand, Portugal, and Iceland, is driving the expansion of the global feed additive market. Increased awareness around the nutritional content of meat and also other dairy products among consumers has prompted livestock farmers to deliver better nutrition on the farm animals. These factors have resulted in a steady growth in the market.
However, conventional feeding methods, for instance crop residue and grazing, still pose a threat for the feed additive market, as a result of very low or zero costs associated. Further restraints add a ban on various medications in many countries and stringent regulations, together with volatility, in prices of rock. Case in point will be the EU Regulation 1831/2003, which states that feed additives on the market industry within the European Union should undergo an in depth approval process. Other financial markets are also supposed to follow suit, according to your market intelligence firm.
Here is often 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 are witnessed within the feed additive industry.
– Biomin, the Austria-based animal feed additive manufacturer, opened a different production plant in Jiangsu, China.
– Olmix opened its first factory in Asia, having an annual production capacity of 15,000 metric large amount of feed additive in Vietnam.
– Nutriad engaged in partnerships with Brazilian universities, together with the aim to evaluate its product portfolio for tropical circumstances.