Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Growth opportunities and latent adjacency in Feed Additives Market


Growth opportunities

iCrowdNewswire   Nov 5, 2019  10:00 AM ET

The growth of feed additives market is attributed to growing focus on livestock and their welfare, which is driven by the global increase in demand for meat and poultry products, rise in global feed production with improved technologies, and increasing standardization of meat products due to contamination from various bacteria. The growth of the market is restricted due to stringent regulations in regions such as Europe and price volatility.

How shifting towards natural growth promoters can be an opportunity?

Antimicrobial compounds are commonly included in poultry diets for promoting growth and controlling diseases. The EU banned feed-grade antibiotic growth promoters owing to cross-resistance and also due to the risk posed to EU’s food safety and public health. Due to this, feed manufacturers are adopting new forms of natural feed additives with the help of modern science. This new generation of growth enhancers includes botanical additives such as appropriate blends of herbs or plant extracts.

Natural growth promoters (NGPs) predominantly include organic acids, probiotics, prebiotics, synbiotics, phytogenics, feed enzymes, and immune stimulants. The main advantage of NGPs over antibiotics is that they usually do not bear any risk in terms of bacterial resistance or undesired residues in animal products such as meat, milk, or eggs. The addition of NGPs may have a number of beneficial effects, such as increased growth performance, improved feed efficiency, and rapid maturation of the immune system. The inclusion of phytogenics in feed is still in its nascent stage. As phytogenics are derived from natural sources, their inclusion is expected to be more profitable as the same efficiency is derived at a low price. Their inclusion is also expected to increase the acceptance amongst farmers as well as end consumers.

Why quality control of genetic feed additive products manufactured by Asian companies is posing a challenge?

In Asia, livestock plays a crucial role in the overall agricultural development and has been growing at an unprecedented rate in the last few decades. According to the World Health Organization (WHO), in 2016, Asia ranked first in the production of livestock; furthermore, the per capita consumption of livestock products in Asia is projected to grow from 94.6 pounds in 1999 to 154.4 pounds by 2030. The Asian livestock industry has witnessed several changes in terms of population growth, resource availability, environmental destruction, and the rise in demand for animal products. According to the FAO, by 2030, the per capita meat consumption will rise by 45% in developing countries and by 14% in developed countries when compared to 2015. Feed manufacturers in Asia are producing large quantities of feed additive products to cater to the growing demand.

For more details on this research, Request Sample of this Report

China is a major feed producer and consumer in the East Asian region and has been experiencing rapid livestock production expansion. It is also one of the major exporters of feed to North America and Europe. Lack of an integrated quality control system in feed analysis is one of the main issues faced by Asian feed manufacturers. Feed additive product testing and the data originating from many laboratories in Asian countries are not considered reliable because quality control systems and good laboratory practices are not integrated into their feed analysis. A manual to address these issues has been produced by FAO
(FAO 2011). Science managers and feed industries must ensure that quality control systems and good laboratory practices are routinely used by feed analysis laboratories.

Sustainability of feed and livestock chain posing a challenge to the feed additive market
The global feed addictive industry is focusing on improving feed efficiency by improving the feed conversion rates for all major livestock and farmed fish species. The feed and livestock industries can achieve sustainability by developing a harmonized environmental footprint methodology, based on life cycle analysis, involving the entire chain. The development of common metrics can also help to calculate a broader range of resource efficiency indicators. Efficient usage of feed ingredients can support the reduction of the environmental impact of livestock farming through resource-efficient feed production. Use of co-products from other processing industries can reduce the pressure on land-grown crops.

Some requirements of an efficient feed and livestock chain are:

Global organizations such as the International Feed Industry Federation (IFIF) have developed a number of strategic initiatives to measure and benchmark the environmental performance of the livestock production chain. IFIF is a founding member of the Global Feed LCA Institute (GFLI), which will use the FAO LEAP methodology to develop a global standard for assessing and benchmarking the impact of the feed industry to support the reduction of the environmental footprint of livestock products.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Contact Information:

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com






Keywords:    Feed Additives Market, Animal Feed Additives Market, Feed Additives Industry Size, Feed Additives Industry Analysis, Feed Additives Market Research Report

Tags:    Wire, Extended Distribution, Research Newswire, English