Press release
Animal Feed Additives Market Development Factors and Upcoming Trends - 2024 | Key players Impextraco N.V., Kemin Industries, Lucta, Novus International, Inc., Nutriad, Nutreco
Animal Feed Additives Market
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.
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Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:
1. Alltech Inc.
2. Biomin Holding GmbH
3. Dr.Eckel Animal Nutrition GmbH & Co. KG
4. Impextraco N.V.
5. Kemin Industries
6. Lucta
7. MIAVIT GmbH
8. Novus International, Inc.
9. Nutriad
10. DSM
11. Cargill
12. Nutreco
13. Neovia group
14. Archer Daniels Midland Company
15. Kaesler Nutrition GmbH
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.
Rising concerns towards disease outbreaks in livestock suffering from swine flu, bird flu, infections and avian influenza should drive animal feed additives market demand. Increasing concern for safety and quality of meat & meat products should prompt growing demand for specialty additives adding to global demand.
A brief insight into the regulatory landscape influencing animal feed additives market expansion
In a conference held in 2016 by the Management Forum on ‘A Regulatory Update on Animal Feed and Feed Additives across EU, China, and USA’, representatives from the European Food Safety Authority (EFSA) and the European Commission (EU) presented a legal framework to establish regulations regarding animal feed additives. Taking into account the food chain safety issues, these regulatory bodies claimed that the guidance documents would be periodically updated, until June 2018. The escalating intervention of authorized bodies in enhancing feed safety is thus likely to augment animal feed additives market outlook.
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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Animal feed additives market demand from pet food applications should surpass 160 kilo tons by 2024. Pets needs nutrition & special care for strengthening their joints, improving metabolism, and protecting hair & skin coats. Vitamins, pigments, flavors, antioxidants and probiotics are the prominently used in pet food. Vitamins helps to enable in maintaining body functions and provides essential nutrients needed for growth of pet animals.
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.
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