7 How Will Grazing Animals Help Plants To Become Established Slowly But Steadily Increasing Demand for Animal Feed Additives

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Slowly But Steadily Increasing Demand for Animal Feed Additives

Feed additives are food supplements for farm animals that meet nutritional needs that are not met by regular meals. These include vitamins, minerals, amino acids and fatty acids.

They are an essential part of the nutritional requirement of animals. They increase the quality of feed, and therefore, improve animal health and productivity. Rising living standards and disposable incomes are increasing the consumption of meat and dairy products. Combined with this, the growing preference among livestock producers towards quality and feed is driving the steady demand for feed additives.

Segmentation by type

The most important types are vitamins, minerals, amino acids, antioxidants, fatty acids, drugs, and flavorings and sweeteners. Vitamins and minerals improve weaning and conception rates, immunity and general health. Medications help ranchers reduce the chances that animals will get sick.

Segmentation by region

The market is segmented into various regions, eg, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is considered to be the fastest growing market, with China expected to be the global leader. The EU has introduced a strict regulatory and approval process, which can increase the cost of production and hamper demand.

Increasing demand for improved quality of agricultural products amid rising living standards in countries such as New Zealand, Portugal and Iceland is fueling the growth of the global animal feed additives market. Increasing awareness of the nutritional content of meat and other dairy products among consumers has prompted livestock farmers to provide better feed for farm animals. These factors have led to a steady growth of the market.

However, conventional feeding methods, such as crop residues and grazing, still pose a threat to the feed additives market, due to the very low or zero costs associated. Further restrictions include the ban of various medications in some countries and strict regulations, as well as the volatility of raw material prices. A case in point is EU Regulation 1831/2003, which states that all animal additives on the market within the European Union must be subject to a detailed approval process. Other markets are also expected to follow suit, according to the market intelligence firm.

Here is a list of some of the major players in the market:

– Addisseo France SAS

– BASF SE

– Danisco Animal Nutrition

– Novozymes

– Alltech Inc.

– Cargill Inc.

– Chr. Hansen

– Archer Daniels Midland Company

Various key developments are being witnessed in the animal feed additive industry.

– Austria-based animal feed additive manufacturer Biomin opened a new production plant in Jiangsu, China.

– Olmix opened its first factory in Asia, with an annual production capacity of 15,000 metric tons of food additive in Vietnam.

– Nutriad engaged in partnerships with Brazilian universities, with the aim of evaluating its product portfolio for tropical conditions.

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