The feed preservatives market is projected to reach USD 3.57 billion by 2022. With the growing awareness about customized formulations and feed management practices to reduce production costs and improve livestock health, the meat processors and livestock farmers have been investing in nutrient-rich and high quality feed products. However, with the decline in the global prices of farm end products, the cost-cutting measures on the production front is expected to be a limiting factor to the growth of the market.
“The ban on antibiotics in certain regions has significantly improved the demand for feed acidifiers” The feed acidifiers segment is projected to be the fastest-growing segment in the feed preservatives market from 2016 to 2022, as these products are a suitable alternative to antibiotics and are effective against harmful bacteria. With stringent export regulations for meat products containing antibiotic residues, meat processors have been cautious on the usage of additive components when fed to animals. Acidifiers such lactic acid and acetic acid produced through bioreactors have been gaining acceptability in terms of regulatory requirements; however, there are apprehensions with respect to its effectiveness as compared to propionic acid.
“Industrialization of poultry sector across developing markets has been a strong factor for the market growth” The poultry segment accounted for the larger market share in feed preservatives in 2015, due to the increasing growth of poultry industry as an organized sector in Asia-Pacific and Latin American regions. With the increasing usage of feed additives and supplements to improve livestock productivity, the demand for acidifiers is also projected to gain strong growth, especially among mono-gastric species such as poultry and swine.
“The Asia-Pacific region is projected to be the fastest-growing in the feed preservatives market” The Asia-Pacific region is projected to grow at the highest CAGR from 2016 to 2022. The shift towards organized farming in poultry and aquaculture sectors in emerging markets such as India, China, Vietnam, Indonesia, Malaysia, and Thailand has been a boost for the growth of the feed industry. Therefore, the need for feed preservatives has also increased with the growing demand for compound feed and feed premix in these regions.
Break-up of primaries
- By company type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25% - By designation: C level – 26%, Director level – 19%, Others – 55% - By region: Asia-Pacific – 27%, North America – 23%, Europe – 20%, Latin America – 18%, RoW – 12%
Key market players profiled in the report are Alltech, Inc. (U.S.), Biomin Holding GMBH (Austria), Kemin Industries, Inc. (U.S.), Nutreco N.V. (Netherlands), Perstorp Holding AB (Sweden), Cargill, Incorporated (U.S.), Novus International, Inc. (U.S.), BASF SE (Germany), Impextraco NV (Belgium), and E.I. du Pont de Nemours and Company (U.S.).
The report provides a picture on feed preservatives across different livestock sectors and regions. It aims at estimating the market size and future growth potential of this market across different segments such as preservatives type, livestock type, feed forms, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
Key Benefits of Buying the Report: The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall feed preservatives market and the subsegments. This report will help stakeholders to better understand the competitor’s landscape and gain more insights to better position their products for different end-users such as raw matertial suppliers, compound feed manufacturers, and premix solution providers. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. The study also helps in prioritizing efforts and investments in the feed industry in the next two to five years.
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