Increasing Popularity of Phytobiotics and Probiotics to drive Animal Feed Additives Market
Arizton’s recent market research report on the global animal feed additives market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The study includes insights on segmentation by products (amino acids, antibiotics, Eubiotics, enzymes, vitamins, minerals and others), species(Poultry, Cattle, Swine, Aquaculture, and Others (equine, and pet animals)), form type(liquid and dry), and geography (North America, Europe, APAC, MEA, and Latin America)
The global animal feed additives market is expected to grow at a CAGR of over 5% during the period 2018–2024.
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Feed additives are a class of molecules, compounds, or organisms that promote ingestion, absorption, assimilation of nutrients, growth, and health. They affect physiological processes, such as immune function, stress resistance, and reproduction. Feed additives include feeding attractants, immunostimulants, prebiotics, probiotics, acidifiers, essential oils, or other inclusions. Feed additives are products used in animal nutrition to improve the quality of feed, thereby enhancing health. These supplements can be both nutritive and non-nutritive and work by either direct or indirect methods on the animal system.
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The leading drivers and trends propelling the growth of the global animal feed additives market are discussed below:
Growing Concern toward Animal Nutrition
There is increased awareness among consumers for animal welfare, nutrition, and their impact on the environment. Consumers have raised voices against the ill-treatment of animals, hygiene, slaughter processes, their well-being as all these processes have an effect on human health. Further, consumers are concerned about the environmental impact due to the growing public awareness programs, which is leading to the popularity of sustainable animal farming practices. Therefore, the above-mentioned factors have resulted in a change in the animal feed industry. APAC is likely to emerge one of the key markets, where the demand is expected to increase in the next decades. Owing to the surge in packaged meat and RTE meals, food regulations and quality measures are expected to be more stringent. Thus, farmers have to look for high-efficient livestock and dietary supplements, which is likely to increase the usage of animal additives. In the first quarter of 2019, about 90 million tons of meat were consumed worldwide, which indicates the high potential for animal additive in the coming years.
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Increasing Prominence of Phytobiotics in Feed Additives Market
Phytobiotics are derived from herbs, spices, and plant extracts (such as essential oils). Industry leaders consider them conventional and antibiotic-free nutrition solutions. The demand for phytobiotics is likely is to grow at a CAGR of over 9% during the forecast period. Feed companies are investing heavily in identifying natural growth promoters (NGP) due to the ban on antibiotics in several markets. NGPs are generally used as an alternative to antibiotics. They are used as growth-promoting additives in the feed, especially in swine and poultry. Phytobiotics have grown in popularity as feed supplement due to their beneficial effect on gut health and immunity and growth performance.
Rise of Probiotics
With the rise in molecular biology and the growing popularity of bioengineering, the use and demand for probiotic supplements in the animal feed additives industry is growing. Probiotics are the part of Eubiotics and are likely to be the fastest-growing segment in the animal feed additives market. Further, probiotics are considered a natural alternative to antibiotic growth promoters. The growing meat consumption worldwide, along with legislative and consumer demands, has led to growing calls for alternatives such as probiotics. Probiotics are believed to improve the overall health by increasing the microbial balance of the gut. They are helpful in new-born babies. Further, they boost weight gains and feed conversion rates.
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ADM, Alltech, BASF Group, Cargill, DSM, DuPont, and Nutrecoare identified as the key vendors in the global animal feed additives market.
The complete overview of the latest market research report on the global animal feed additives market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges and provides market sizing and forecast for major geographical regions and key countries.
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