Global Animal Feed Additives Market to Witness a Pronounce Growth During 2025
Animal Feed Additives Market: Government Regulation
The United States Department of Agriculture, Code (592) Feed Management, was developed with a purpose to supply an adequate amount of nutrients required by livestock and poultry for maintenance, production, performance, and reproduction, while reducing the quantity of nitrogen and phosphorus nutrients excreted in manure by minimizing overfeeding of these nutrients. Feed additives used in livestock are labeled ‘organic’. However, the feed provided to birds is not rich in methionine – a proteinogen amino acid, thus bringing about the need to utilize synthetic additives such as synthetic methionine to aid in adequate feathering of birds. According to the United States Department of Agriculture, poultry feeding on Synthetic Methionine should not use the ‘organic’ labeling. A new rule set up by the USDA to reduce the acceptable limits of synthetic methionine in organic poultry. The European Union and Switzerland have a registered list of products permitted as feed additives in animal nutrition such as: a) substances as antioxidative effects, b) emulsifiers, stabilizers (e.g. organic acids), c) coloring substances, d) probiotics, e) enzyme mixtures, f) performance promoters (antibiotics, others banned since 1st January 1999), f) vitamins and provitamins, and g) trace elements.
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Asia Pacific, followed by Europe and North America, respectively, accounted for a major share in the global animal feed additives market in terms of revenue, in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Europe held a share of 27.77% in terms of revenue, followed by North America (24.44%). The growing consumer knowledge for quality meat and protein intake in Asia Pacific due to rising consumer awareness coupled with meat industry, is expected to drive growth of the global animal feed additives market over the forecast period. The enzymes segment in the global animal feed additives market is expected to witness a CAGR of 4.46% from 2017 to 2025. Asia Pacific is expected to be the most lucrative market during the forecast period, due to increase in grain demand for food production with low availability of land and water resources has resulted in the growth of the meat industry, which is expected to affect the animal feed additive in the global market. The feed additives acts as a catalyst which prevents diseases in animals and improves the vitamin intake, weight gain, digestion, and enhance the quality of meat. Owing to these factors and to control diseases such as avian influenza and bird flu, the addition of feed additives is expected to drive the global animal feed additive market over the forecast period.
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Multinational players need to tap potential addressable market in emerging regions with the help of developments and technological advancement
Major players, including BASF SE, DuPont, DSM, Novozymes, Danisco, Evonik Industries AG, Addcon Group, Cargill Pvt. Ltd., Archer Daniels Midland Company (ADM), Adisseo Inc. France, Kemin Industries, and Inc., Nutreco N.V. are the key competitors in the global animal feed additives market. Development and innovation with technological advancement are the key market trends, which are expected to shape the industry in the near future. Among new developments, MiXscience developed ‘Vectorized Solutions, to Transport Additives by Release Technology (VSTAR)’, which is developed to provide protection and stability to active components during additive processing and in storage.
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