Novel Feed Additives Market Key Players Analysis - Volac International Limited, All microalgae, Chemlife Innovations Pvt Ltd, DSM.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Novel Feed Additives Market - (By Ingredients (Microalgae-based ingredients (De-oiled Microalgae meal, Microalgae oil), Probiotics/DFM, Prebiotics (Yeast Cell Wall, Clay minerals), Alkalizers and buffers, Antibiotic Growth Promoters, Phytobiotics, Acidifiers/Organic Acids, Nanoparticles as feed additives, Antifungal additives and Mycotoxin binders, Bio-minerals or Chelated trace minerals, Others), By Source (Natural (Plants, Animals, Micro-organisms) Synthetic), By Form (Powder, Liquid), By Species (Ruminant (Calves, Dairy, Cattle, Beef Cattle, Others), Poultry (Broilers, Layers, Ducks, Turkeys, Others (geese and pheasants), Swine, Aquaculture, Pet animals).), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Novel Feed Additives Market is valued at US$ 5.23 billion in 2023, and it is expected to reach US$ 8.16 billion by 2031, with a CAGR of 5.9% during the forecast period of 2024-2031.

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Novel feed additives are new materials or blends that are introduced to animal feed with the intention of improving production, sustainability, and animal health. These additions are meant to enhance nutritional consumption, decrease environmental impacts, or promote gut health. As an increasing number of countries phase out antibiotics due to concerns about antibiotic resistance, they are becoming an increasingly important alternative. The growing demand from consumers for animal products free of chemical additives and antibiotics is driving the novel feed additives industry expansion. Furthermore, there is a growing worry among consumers regarding the safety and quality of meat, eggs, and milk. This trend is pressuring producers to use feed additives that improve animal health without employing antibiotics. This will stimulate the expansion of the novel feed additives market.

List of Prominent Players in the Novel Feed Additives Market:
• Volac International Limited
• All microalgae
• Chemlife Innovations Pvt Ltd
• DSM
• Corbion
• Land O'Lakes, Inc. (PMI Nutrition)
• Bioproton
• Imerys
• Orffa
• Arshine Feed Additives Co., Ltd.
• Others

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Market Dynamics:
Drivers-
The need for feed additives that enhance the health and well-being of animals has increased as a result of a shift in perspective toward animal-raising practices. Leading to the development of more focused and effective feed additives, new farming methods are also a major factor. The development of precise, action-targeted additives by manufacturers to enhance feed and animal weight increase is made possible by the intriguing trends of precision fermentation and synthetic biology. Furthermore, the business for innovative feed additives has been developing as a result of the growing trend of aquaculture. Sufficient demand for specialized aquaculture feed additives that enhance the growth as well as the health of aquatic species has been created by the increasing rivalry in the seafood industry.

Challenges:
The market for innovative feed additives is confronted with various obstacles that may limit its expansion. The high expense of research and development (R&D) needed to create novel and useful additives is a major barrier. It can be costly to develop innovative formulas that satisfy dietary and regulatory requirements, which makes it harder for smaller competitors to compete. Complicating matters, stringent regulatory frameworks and approval procedures in several jurisdictions impede the introduction of new products and increase market complexity.

Regional Trends:
The North American novel feed additives market is anticipated to report a significant market share in terms of revenue. Growing emphasis on raising cattle without the use of antibiotics is one important factor for growth in this region. Limitations coupled with consumer inclination for antibiotic-free meat have prompted companies such as Elance and Zoetis to develop novel feed components that support livestock health and growth without requiring the use of antibiotics. In addition, new farming methods have been implemented. Furthermore, precision farming and data analytics are being integrated to enhance feed management and optimize feed additive targeting and efficiency.

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Recent Developments:
• In April 2023, NaturAlgae, a new omega-3 product from MiAlgae, contains dry powder that is suitable for aquafeed recipes. It highlights the well-known health advantages of omega-3 fatty acids and contains a high DHA content. The business has created its own cutting-edge production process to reduce the need for naturally caught fish, which is a well-known source of omega-3 fatty acids.

Segmentation of Novel Feed Additives Market-
By Ingredients-
• Microalgae based ingredients
o De-oiled Microalgae meal
o Microalgae oil
• Probiotics/ Direct Fed Microbial (DFM)
• Prebiotics
o Yeast Cell Wall
o Clay minerals
• Alkalizers and buffers
• Antibiotic Growth Promoters
• Phyto biotics
• Acidifiers/ Organic Acids
• Nanoparticles as Feed additive
• Antifungal Additives and Mycotoxin Binders
• Bio-minerals or Chelated trace minerals
• Others
By Source-
• Natural
o Plants
o Animals
o Micro-organisms
• Synthetic
By Form-
• Powder
• Liquid
By Species-
• Ruminant
o Calves
o Dairy
o Cattle
o Beef Cattle
o Others
• Poultry
o Boilers
o Layers
o Ducks
o Turkey
o Others (Geese, pheasants))
• Swine
• Aquaculture
• Pet animal
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.