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Animal feed additives market outlook to be defined by a stringent regulatory framework over 2017-2024 | Impextraco N.V., Kemin Industries, Lucta, Nutriad, DSM, Cargill, Nutreco, Neovia group

03-05-2019 07:46 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Animal feed additives market

Animal feed additives market

The current scenario in the overall animal health space seems to be indicating that prominent behemoths in animal feed additives market are continuously involved in enhancing the quality of feed nutrition and improving feed palatability and digestibility. Feed additives are known to overcome dietary deficiencies by complementing the growth rate of animals, on the grounds of which many livestock industries have been demanding feed additives on large scale to modify animal metabolism in specific ways – say for instance, improve milk yielding efficiency in lactating animals and minimizing animal waste. The rise in demand for the product from livestock farmers to supply daily nutrition to animals is likely to boost animal feed additives industry share. In fact, to tap into the growing business opportunities in animal feed additives market, several counterfeit firms have launched their products comprising various harmful ingredients. In order to undertake appropriate steps regarding the same, and to enhance the quality of feed and ensure animal safety, numerous regulatory bodies have enforced norms and framed guidelines to promote hygiene practice at all level of feed and agriculture production. The significant deployment of food and safety norms across the globe is thus slated to push animal feed additives market share over the years ahead.

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Animal feed additives market demand from aquaculture application should grow steadily to surpass 155 kilo tons by 2024. Amino acids are one of the important ingredients in aquafeed additives as fish and prawns are not able to synthesize proteins into amino acids which include tryptophan, lysine, methionine, and threonine. Vitamins also form importance source of diet for shrimp & fish to enhance disease resistance and improve defense mechanism.

Stringent regulations and policies towards ban on use of antibiotic growth promoters (AGPs) increases demand for natural growth promoters owing to bioaccumulation and building resistance towards medical antibiotics which should propel animal feed additives market. Increasing emphasis towards standardizing meat products should drive demand for antioxidants, vitamins and amino acids further bolstering animal feed additives demand.

Despite the fact that technological developments have forayed in animal feed additives industry, the EFSA (European Food Safety Authority) has drafted a few guidelines regarding the risks associated with the use of nanotechnology and nanoscience in the food and feed chain that most biggies in animal feed additives market would need to adhere to. As per the report published by EFSA, the inventory and evaluation in nanotechnology applications will replace antibiotics with nanoparticles as substitutes. But, nanoparticles are not well characterized and remain underutilized for poultry feed additives. For instance, nanoparticles are used currently in most of the chicken feed, resulting in improved chicken microbiota, however, silver nanoparticles contrarily, lead to higher toxicity level in birds. In fact, players in animal feed market are significantly investigating alternatives for inorganic nanoparticles like silver in terms of organic materials such as nano-composites and nano-encapsulation.

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Germany animal feed additives market size should grow significantly during forecast timeframe due to raising living standards along with spurring meat demands from packaged food sector. High economic standards coupled with busy working schedule should further strengthen demand for packaged food implying animal feed additives market growth.

Global animal feed additives market share is moderately fragmented with market players including
• Biomin Holding GmbH
• Impextraco N.V.
• Kemin Industries
• Lucta
• Novus International, Inc.
• Nutriad
• DSM
• BASF
• Dupont
• Cargill
• Nutreco
• Neovia group
• Archer Daniels Midland Company

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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