Cattle and livestock are considered to be the wealth of any nation. There are different types of livestock such as poultry, cattle, pigs and other animals. Such types of animals are well-bred to prevent any sort of illness and serve as an asset. The diet of such livestock is well-regulated to ensure vital animal nutrition. Animal feed includes different types of animal food such as feed, fodder or compound feed. Each of these varieties have their own specialties. While feeding animals, special care is given to the hygiene and presentation of the food, thereby ensuring an optimal level of digestibility for animals, which is leading to a demand for animal feed additives that are used as nutrition supplements in the food consumed by animals.
Livestock production these days is on a high like never before. This is because people across the world are feeling at a loss of certain nutrients, vitamins and amino acids in their body which cannot be effectively derived from plant based food. In order to reserve the same inner strength, they are now opting for meat products. Urbanization is also growing in these days leading to a rise in disposable income. With more of disposable income, people’s diversion towards fast food such as processed food and packaged food is also increasing. All of these above mentioned factors are slowly leading the market towards increased poultry consumption.
According to the analysts and data researchers at IndustryARC, the global animal feed additive market size stood at $25,126 million in 2018. The market is forecast to grow at a CAGR of 3.8% during the forecast period 2019-2025. The chief region where the growth is most prominently based is APAC with a regional share of 37%. Key application area of animal feed additive market is livestock and poultry.
The companies acting in the realm of animal feed additive market are Cargill, Incorporated, Chr. Hansen A/S, E. I. du Pont de Nemours and Company, Lallemand Inc., Lesaffre, Nebraska Cultures, Inc., Novozymes A/S, Novus, AFB International and Alltech. Cargill is a firm based in India with an objective to help the world thrive by creating connections across the global food systems. Chr Hansen A/S derives a concept of sustainability from its origins and offers services improving food and health of its consumers. E.I du Pont de Nemours and Company extends its services as a science and technology based company in the United States producing hybrid crop varieties. Lallemand is a company which takes care of development, production and marketing of yeast, bacteria and specialty ingredients. Lesaffre is a global brand with a vision of nourishing and protecting the planet through many of its diary related products. Nesbraska Cultures was founded in April 3rd 2018 and was operating in nutraceutical industry. Novozymes A/S is a proclaimed global leader in biological services. It offers industrial performance solutions. AFB International is working in the domain of palatable pet food ensuring performance for pet food manufacturers. Alltech is a company offering smarter solutions for sustainability in the agricultural production arena.
One cannot derive all the nutritional content required for regular functioning by consuming plant based food. In cases like these, it becomes imperative that animal husbandry comes into picture. There are many firms established already which are currently making the process of adding more value to animal maintenance in the form of animal feed additives.
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Animal Nutrition Market
Probiotics in Animal Feed Market
Cattle Feed & Feed Additives Market
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5. Pricing Analysis 15. Value Chain Analysis
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