The Global feed additives market is forecasted to register a significant CAGR over the forecast period.
Growth in Compound Feed Industry
The global compound feed market revenue is estimated to grow at a CAGR of 1.6% over the period 2018-2023. The compound feed industry is mainly driven by factors like increasing meat consumption across the globe and growth in the processed meat industry due to increased income of middle-class population in developing countries. Demand for high-quality compound feed from livestock industry due to increased industrial production of meat and dairy products has elicited the growth in consumption of the compound feed and feed additives. The raw materials used for compound feed production such as maize, barley, soybean are used for human consumption and production of ethanol. In this scenario, the feed industry competes with the food industry for raw materials. This condition has generated the demand for additives, which are cost effective and enhance production. The home mixers and large farm owners provide additives to the livestock to ensure a steady supply of high-quality meat, dairy and derived products.
Regulatory issues are the biggest constraints in the compound feed industry. Animal feed production comes under feedstuff regulations in most countries. The regulatory framework is increasingly getting stringent, such as in 2006 in EU and in 2009 in United States, which banned the use of certain antibiotics as growth promoters in animals. Europe had imposed a ban on the use of animal proteins in aqua feed.
Many countries including China, Thailand and Vietnam that export fish to Europe and United States do not have such regulations against antibiotics or animal proteins usage in animals or feeds. Such disparities in regulations have adverse effects on the global fish and aqua feed trade, especially between developed and developing economies. Producers of feed and feed additives are required to follow strict regulations related to regional and national health and safety for their products approval in the developed nations. This ultimately affects the cost of the final products. Such regulatory initiatives are posing challenges for existing feed products and increasing the cost of new feeds development.
Key Developments in the Market:
¥ January 2018: Federal Agriculture and Agri-Food Minister announced that from Dec. 1, 2018, the over-the-counter antibiotics will require a prescription from a veterinarian.
¥ August 2017: Ingredion acquires Sun flour Industry Co Ltd, ThailandÕs rice and flour business
Major Players: BAYER HEALTHCARE AG, ELI LILLY AND CO., INGREDION INCORPORATED, BORREGARD, PFIZER INC. amongst others.
Reasons to Purchase this Report:
¥ Provides latest insights into the Global Feed Additives Market.
¥ Gives a detailed analysis of the competitive landscape in the animal feed additive industry segmented by additive type, animal type and by geography.
¥ Analyses 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.
¥ 3 months analyst support along with the Market Estimate sheet (in excel).
¥ This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
1.1. Research Methodology
1.2. General Study Assumptions
2. Research Methodology
2.2. Analysis Methodology
2.3. Study Assumptions
2.4. Econometric Forecast Model
3. Executive Summary
4. Market Overview And Technology Trends
4.1. Current Market Scenario
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power Of The Suppliers
4.3.2. Bargaining Power Of The Consumers
4.3.3. Threat Of New Entrants
4.3.4. Threat Of Substitute Products And Services
5. Market Dynamics
5.1.1 Growth in compound feed industry
5.1.2 Increasing demand for high value animal protein
5.1.3 Increased awareness regarding safety of meat and milk products
5.1.4 Increased industrial livestock production
5.1.5 Changing demographics in Asia-Pacific and South America
5.2.1 Rising cost of raw materials
5.2.2 Government regulations
5.3.1 Ban on antibiotics
5.3.2 Increasing demand in Asia-Pacific markets
5.3.3 Rise in the cost of natural feeds
6. Global Feed Additives Market Segmentation by Type
6.4 Amino Acids
6.6 Mycotoxin Detoxifiers
6.7.2 Fructo Oligosaccharides
6.7.3 Galacto Oligosaccharides
6.9 Flavors and Sweeteners
6.10.2 Curcumin and Spurulina
6.12.1 Micro Minerals
6.12.2 Macro Minerals
7. Global Feed Additives Segmentation by Animal Type
8. Global Feed Additives Segmentation by Geography
8.1 North America
8.1.1 United States
8.2.2 United Kingdom
8.3 Asia Pacific
8.4 South America
8.5 Middle East & Africa
8.5.1 South Africa
9. Competitive Landscape
9.2 Market Share Analysis
10. Company Profiles
10.3 Danisco Animal Nutrition
10.4 Archer Daniels Midland
10.9 Phibro Animal Health Corporation
10.11 Alltech Inc.
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.