Specialty Feed Additives Market Global Industry Analysis Forecast 2016 - 2024

Specialty feed additives are food supplements that are primarily used for farm animals. Specialty feed additives make up for the lack of nutrients animals get through other food that farmers provide. Important nutrients that farm animals require are amino acids, fatty acids, vitamins, and minerals. The nutritional value of animal feed is not only influenced by nutrition content but also depends on hygiene, digestibility, and its effect on intestinal health. Hence, specialty feed additives are gaining importance.

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Based on type, the specialty feed additives market is classified into minerals, binders, vitamins, acidifiers, flavors & sweeteners, antioxidants, and others (complex carbohydrates, enzymes etc.). In terms of livestock, the specialty feed additives market is divided into poultry, ruminants, swine, and aquatic animals. Specialty feed additives are available in liquid and dry forms. Dry form can be available in pellets or powder. Rise in eruption of diseases in livestock and increase in consumption of animal products are the major factors driving the specialty feed additives market. Lack of awareness about the advantages of specialty feed additives among small scale farmers and rise in raw material and operational costs may hamper the demand for specialty feed additives in the near future. Global feed markets increasingly driven by knowledge of animal genetics and improvement in nutrition efficiency due to higher focus on productivity improvements.

The poultry segment is anticipated to expand at significant pace during the forecast period, followed by swine and ruminant segments. Increase in poultry trade and rise in concerns about food security are the major factors projected to boost the specialty feed additives market during the forecast period.

In terms of types of specialty feed additives, the acidifiers segment is anticipated to expand at a rapid pace during the forecast period. The flavors & sweeteners segment accounted for key share in 2015. It was followed by the minerals segment in the same year.

Based on form, the specialty feed additives market is segmented into liquid and dry. The liquid segment is expected to expand at a high CAGR compared to the dry form during the forecast period. Liquid specialty additives are gaining popularity due to their low cost vis-à-vis the dry form.

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Based on function, the specialty feed additives market is segmented into mycotoxin management, palatability enhancement, preservation of functional ingredients, and others (greater dry matter intake and increased capacity for nutrient absorption). Palatability enhancement is projected to be the rapidly growing segment during the forecast period. Palatability enhancement of the feed leads to high feed intake by livestock. Thus, the segment is expanding substantially in the specialty feed additives market.

Asia Pacific is anticipated to be a rapidly growing market for specialty feed additives. It is expected to be followed by Europe and North America during the forecast period. Increase in population, rise in disposable income, and growth in urbanization are estimated to propel the demand for specialty feed additives during the forecast period. The specialty feed additives market in China, India, and Japan is likely to expand at a high rate, led by the increase in purchasing power of consumers in these countries.

Key players operating in the specialty feed additives market include BASF SE, Evonik Industries, Novus International, Akzo Nobel Surface Chemistry AB, DSM, Novozymes A/S, Nutreco N.V., Brookside Agra, Kemin Industries Inc., Biomin Holding GmbH, Invivo NSA, and Chr. Hansen Holdings A/S.

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