Specialty feed additives play an important role in maintaining digestive health, enhancing the palatability, and several other functions. They include an array of products such as flavors and sweeteners, vitamins, minerals, acidifiers and antioxidants. Rise in meat consumption and growing concern over the meat quality are the major factors influencing the market. Spike in density of urbanized and high-income level consumers in Asia-pacific region also drives the market. In addition, the outbreak of livestock diseases is another factor influencing the market significantly, which is often accompanied by sudden public panic and increased regulations. The buyers in compound feed industry tend to increase their focus on feeding the livestock with special ingredients to strengthen the immune system thereby preventing from diseases. Hiking emphasis on feeding the livestock with specialty feed additives would increase the consumption rate of Special feed ingredients.
The market also faces several constraints that include increasing regulations and lack of awareness about the special additives to people residing in remote areas. European Union is observed to have higher stringency for animal feed regulations across the globe. The regulations are moreover undefined and are prone to rapid volatility. . South America represents a growing market, as nations like Argentina and Brazil are gaining prominence as livestock exporters. Despite occupying a minor market share during the forecast period, Africa is expected to perform well in the future as the livestock sector gets more industrialized. The highly competitive nature of the market implies high R&D investments and quick product innovation.
The future potential of this sector lies in expanding the present scope of the market, by reducing the average price of the product available in the market and expanding the foot prints in emerging economies. Countries like India, Brazil, and South Africa are adopting a more industrial and commercial approach to farming. This move away from the traditional subsistence farming is expected to open several opportunities.
The identification of sustainable and low-cost solutions is considered crucial in expanding the present range of the market. Many product categories, such as organic acids, are witnessing a rapid growth through the development of new and effective blends.
Major Players: CARGILL Corporation, KEMIN INDUSTRIES, NUTRECO, BASF SE and ALLTECH INC amongst others.
DECEMBER,2017: ADM Animal Nutrition, a division of Archer Daniels Midland Co. (ADM), has announced that the company will launch a new specialty feed additive named Anco AC for Swine, Poultry and dairy producers operating in the Canadian Market. Developed in partnership with Austria-based Anco Animal Nutrition Competence GmbH, Anco AC is an anti-caking agent and yeast primary used in all phases of production across multiple species. It is designed to allow animals to deal more efficiently with nutritional stressors in their feed.
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¥ Provides latest insights into the specialty feed additivesindustry.
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¥ Analyzes the market scenario with the help of PorterÕs Five Forces Analysis.
¥ Forecasts the market volume and value by assessing the impact of the market drivers and constraints.
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1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends
4.2 Market Trends
4.3 PorterÃ•s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics
5.1.1 Growth in Global Meat Consumption
5.1.2 Increasing Emphasis on Meat Quality
5.2.1 Regulatory Framework
5.2.2 High Production Costs
5.3.1 High Potential in Developing Countries
6. Global Specialty Feed Additives Market Segmentation, By Product Type
6.3 Mycotoxin Inactivators
6.4 Flavors and Sweeteners
7. Global Specialty Feed Additives Market Segmentation, By Application
7.1 Gut Health and Digestive Performance
7.2 Palatability Enhancement
7.3 Mycotoxin Management
8. Global Specialty Feed Additives Market Segmentation, By Animal Type
9. Global Specialty Feed Additives Market Segmentation, By Geography
9.1 North America
9.3.4 Rest of the Asia-Pacific
9.4 Rest of the World
9.4.2 South Africa
10. Competitive Landscape
10.2 Market Share Analysis
11. Company Profiles
11.1 Invivo NSA (Pancosma)
11.2 Evonik Industries
11.3 Nutreco N.V.
11.4 BASF SE
11.5 Biomin Gmbh
11.6 Alltech Inc.
11.7 Kemin Industries Inc.
11.8 Danisco A/S
11.9 Cargill Incorporated
11.10 Archer Daniels Midland Company
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12. Future Outlook of the Market
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.