Demand for feed additives is slowly but steadily growing.
Demand for feed additives is slowly but steadily growing, Feed additives are food supplements that are given to farm animals in addition to their normal meals so that the animals’ nutritional requirements can be satisfied. Vitamins, minerals, amino acids, and fatty acids are all included in this category.
They are an important component of the animal diet and are required for proper health. They increase the quality of the feed, which in turn improves the health of the animals and their output. Increases in both living standards and discretionary money are leading to a rise in the consumption of meat and dairy products. In addition to this, the increasing emphasis that is being placed on quality and nutrition by producers of livestock is another factor that is contributing to the ongoing need for feed additives.
Classification according to kind
Vitamins, minerals, amino acids, antioxidants, fatty acids, medicines, and flavours and sweeteners are the most significant categories. Other essential types include: Weaning and conception rates, as well as immunity and overall health, are all improved by the use of vitamins and minerals. Farmers who raise livestock can use medications to lessen the likelihood of their animals contracting diseases.
division into groups based on area
The market is broken up into a number of different areas, the most prominent of which are the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Asia-Pacific region is viewed as the market with the most growth potential, and analysts anticipate China to take the lead globally. The European Union has proposed tough regulations and an approval procedure, both of which have the potential to drive up the cost of production and reduce demand.
The expansion of the worldwide feed additive market is being driven by the growing need for enhanced quality of agricultural goods in countries such as New Zealand, Portugal, and Iceland, which is in turn being driven by improving living standards in those nations. Farmers of livestock have been encouraged to give their animals with a diet that is more nutritious as a direct result of increased customer understanding of the nutrient profile of meat and other dairy products. These factors have contributed to the continuous expansion of the industry.
Due to the fact that conventional feeding techniques, such as crop waste and grazing, still provide a threat to the market for feed additives, the costs associated with these methods are typically very low or even nonexistent. Additional restrictions include a prohibition on the sale of a number of different drugs in a number of different nations, as well as severe regulations and volatile costs for raw materials. A good example of this is EU Regulation 1831/2003, which stipulates that any feed additives that are sold inside the borders of the European Union are need to go through an extensive approval procedure before they can be sold there. According to the market intelligence company, similar developments are anticipated to occur in other areas as well.
The following is a list of some of the most significant players in the market:
– Adisseo France SAS
– BASF SE
– Danisco Animal Nutrition
– Alltech Inc.
– Cargill Inc.
– Chr. Hansen
– Archer Daniels Midland Company
The industry of feed additives is now experiencing a number of significant advancements.
Biomin, a maker of animal feed additives located in Austria, has launched a new production unit in the Chinese province of Jiangsu.
Olmix has opened its first facility in Asia, which is located in Vietnam. This factory has the potential to produce 15,000 metric tonnes of feed additive on an annual basis.
Nutriad has entered into relationships with institutions in Brazil in order to investigate the suitability of its product portfolio for conditions seen in tropical environments.