Livestock farmers and animal protein manufacturers have been unlocking the benefits of growing array of animal feed additives approved by regulatory authorities in various parts of the world. Seemingly, the trend of investing in animal feed additives for improving the health of poultry, swine, and ruminants is driven both by regulatory pressures and consumption patterns. Approval of new products in the animal feed additives market in developed regions draws strength from the largely incessant demand for poultry and meat. Rise in demand has been propelling the need for improving the feed quality. Role of feed additives in warding off some serious livestock health risks and boosting their overall health has also gained traction among regulatory authorities in Europe and North America, bolstering prospects in the animal feed additives market.
The prospects are huge: one projection by Transparency Market Research puts the global animal feed additives market to reach worth of US$5.9 bn by 2021.
Feed Coating Technology may Herald New Wave of Innovation
Feed additives are harnessing coating technologies, notably in feed pellet coating machine, to improve the quality of feed. This has unlocked a new avenue in the animal feed additives market. Interesting the next wave of innovation may be in feed coating technology. And, in this regard, adoption of new feed milling equipment may be the next big thing in the animal feed additives market.
Meanwhile, no less exciting developments in the global animal feed additives market are from the urge of manufacturers to bring improvements in formulations for various types. Stridently, the factor that has exerted most telling impact is updates in updates in regulatory guidelines. A case in point is new regulation by United States Department of Agriculture for feed additives labelled as ‘organic’. Advances in fermentation and extraction technology are helping players to unveil better formulations in the animal feed additives market. Feed regulatory agencies around the world have also become increasingly aware of the effect of animal feed additives and the human population that consumes animal meat and poultry products.
Cattle Owners in Developing Countries Benefit from Advances in Formulations of Additives
Sizable demands for new formulations in the animal feed additives market have come from the cattle population, especially in developing region of Asia Pacific. Widespread demand for dairy products in China and India has reinforced the potential of the Asia Pacific of the market. The regional market is expected to occupy an impressive global share by 2021 end, thanks to rising volumes of meat exported by numerous Asian countries.
World over, by 2021 end, the cattle segment is expected to account for 80.80% of the total revenues from the animal feed additives market. Over the past few years, eyeing a huge opportunities, players have been investing sizably in ruminant feed additives. In this regard, phytogenic feed additives have gathered considerable steam, mainly on account of their environmental sustainability. The range of bioactive properties the feed additive segment holds has spurred their demands among cattle owners. In the face of rising cattle ownership in emerging economies has imparted a significant impetus to the overall expansion of the animal feed additives market.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Animal Feed Additives Market for Ruminants - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”
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