Press release
Feedstuff Additives Market Forecast By End-use Industry 2018-2028
Feedstuff additives are food supplements that are used in animal nutrition, intended to improve the quality of animal health and their performance. Feedstuff additives are also used to enhance the quality of food of animal origin. The market entry process for feedstuff additives is tough, as a new product has to go through a strict approval process, which ensure that the feedstuff additive has no harmful side effects on animals, consumers, and factory workers. Feedstuff additives include vitamins, amino acids, fatty acids, and minerals. The global market for feedstuff additives is expected to grow, along with the efforts of modern intensive poultry production aimed at achieving efficient and economical production of high quality and safe food and bi-products of animal origin. Feedstuff additives play a crucial role, not only to achieve high quality and safe food, but also to optimize the health in birds and animals, and reduce the impact of the industry on the environment. Therefore, the outlook for the growth of the global feedstuff additives market is expected to be positive during the next ten years.
Feedstuff Additives Market: Dynamics
The global poultry industry is well positioned to witness growth during the forecast period, barring a few exceptions. The ongoing growth in the demand for products such as beef, pork, and broiler is expected to play a crucial role in the growth of the global feedstuff additives market. This is supported by efforts to expand the slaughter capacity in many countries. Similarly, in case of broiler, there has been notable growth in demand, which is attributed to heavier bird weights, and increasing inventories of broiler producers. As far as turkey is concerned, there might be certain turbulent situations along the way, with the U.S. market witnessing a marginal decline during 2017-2018. The outlook for eggs is also expected to be positive during the forecast period. Some of the restraints that could potentially hamper the global feedstuff additives market growth is the volatility of exchange rates which affect global animal trade. Health factors such as avian influenza could also restrain the growth of the global poultry industry, ultimately affecting the growth of the global feedstuff additives market. In addition, stringent rules and refulations regarding the acceptance a supplement as a feedstuff additive also acts as a key hurdle for the growth of the feedstuff additives market.
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Regional Outlook
The North American and European regions are expected to retain the leading position in the global feedstuff additives market, due to the presence of a well-established poultry and animal husbandry industry. The Asia Pacific feedstuff additives market is expected to witness a spike in the growth, rate post-2022, with increasing awareness among poultry owners and animal farmers regarding the benefits of feedstuff additives, as these products are not yet mainstream in countries like India. A high number of feedstuff additive manufacturers in Europe and North America will therefore ensure a positive growth outlook for the feedstuff additives market.
Global Feedstuff Additives Market: Segmentation
Globally, the feedstuff additives market has been segmented as follows:
On the basis of function, the global feedstuff additives market is segmented as:
Feedstuff additives for Deterioration Prevention
Antioxidants
Mold Inhibitors
Thickeners
Emulsifiers
Adjusters
Feedstuff additives for Supply of Nutrients
Amino Acids
Mineral
Vitamins
Pigmenters
Feedstuff additives for Promoting Efficient Use of Ingredients
Synthetic Antimicrobials
Antibiotics
Flavours
Sweeteners
Enzymes
Probiotics
Organic Acids
On the basis of animal type, the global feedstuff additives market is segmented as:
Cattle and Calves
Pigs
Poultry Birds
Sheep
Horses
Rabbits
Fish
Global Feedstuff Additives Market: Key Players
Some of the key players operating in the global feedstuff additives market are:
BIOMIN Holding GmbH
Bentoli, Inc.
BioResource International, Inc.
ADDiCAN
Tegasa Technica Ganadera, S.L.
ADDCON GROUP GmbH
Archer Daniels Midland Company
Adiveter, S.L.
AGRAVIS Raiffeisen AG
Animax Ltd
BASF SE
Balchem Italia srl
Cargill, Incorporated.
Clariant AG
Delacon Biotechnik GmbH
I. du Pont de Nemours
Huvepharma AD
The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, function, and animal type.
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The report covers an exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
Report Overview at https://www.factmr.com/report/1351/feedstuff-additives-market
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