Global Specialty Feed Additives Market: Overview
Specialty feed additives are meant for farm animals, commonly as a food supplement. Their primary goal is to make up for the lack of nutrients that farm animals do not receive from their regular diet, in order to provide them immunity and overall better health. Some of the more common specialty feed additives include vitamins and minerals, fatty acids, and amino acids. One of the key differences between regular feed additives and specialty feed additives is that the latter not only caters to nutritional requirement, but is also hygienic, easy to digest, and has a positive impact on the intestinal health of the animal.
This research report on the global specialty feed additives market provides a holistic snapshot of the market’s current events and statistics. It then moves into imparting predictive knowledge to its readers regarding the way the market is likely to shape itself over the coming years. The forecasts provided in the report are generated using tried and tested research methodologies that are aimed at finding out the core details of the market that all users can benefit from. These include Porter’s Five Forces analysis for the global specialty feed additives market’s drivers, restraints, and threats from new entrants and substitutes. It also includes a SWOT analysis for the market’s competitive landscape.
Global Specialty Feed Additives Market: Trends and Opportunities:
The primary factor attributed to the booming growth of the global specialty feed additives market is the currently high rate of disease infliction within common farm animals. With commercial profitability directly related to the overall health of the animals, it is becoming extremely important for individuals and companies managing these animals to ensure that they do not fall prey to illnesses, harmful bacteria, and parasites. However, the global specialty feed additives market is currently being restrained by the overall lack of awareness among the more individual farms across the world, and especially in emerging economies, where agriculture and livestock form the bulk of the region’s economy. Another issue hampering the growth rate of the global specialty feed additives market is the higher costs of raw materials and production, as compared to regular feedstock. Advancements in manufacturing and the use of better raw materials could resolve this issue over the coming years.
The global specialty feed additives market can be segmented based on types, into flavors and sweeteners, antioxidants, binders, minerals, vitamins, and a collective segment of minority elements such as enzymes and complex carbohydrates. The global specialty feed additives market can be segmented on the basis of livestock, into ruminants, poultry, swine, and aquatic animals. Of these, the demand for specialty feed additives for poultry animals has been found to be the leading livestock segment in the global market. Acidifiers are expected to bag the top spot in the category of specialty feed additive types.
Global Specialty Feed Additives Market: Region-wise Outlook:
Asia Pacific, with is vast economic dependence on agriculture and livestock, is expected to be a highly promising region of interest for players in the global specialty feed additives market. A greater percentage of the market share is currently held by North America and Europe, thanks to better awareness and easier availability of specialty feed additives. With the growing population in emerging economies, improvements in knowledge and agricultural infrastructure, a larger quotient of global players are showing high levels of interest in penetrating these regions.
The specialty feed additives markets of India, China, and Japan are expected to explode in terms of demand growth over the coming years, thanks to the improving purchasing power of these countries. Their economic advancement is therefore expected to play a pivotal role in the global specialty feed additives market for the report’s given forecast period.
Companies Mentioned in the Research Report:
The leading players in the global specialty feed additives market currently include BASF SE, Novus International, Evonik Industries, DSM, Akzo Nobel Surface Chemistry AB, Nutreco N.V., Novozymes A/S, Kemin Industries Inc., Brookside Agra, Invivo NSA, Biomin Holding GmbH, and Chr. Hansen Holdings A/S.
Key segments of the Global Specialty Feed Additives Market:
Global Specialty Feed Additives Market, by Feedstock:
- Flavors & Sweeteners
- Others (complex carbohydrates, enzymes etc.)
Global Specialty Feed Additives Market, by Livestock:
- Aquatic animals
Global Specialty Feed Additives Market, by Form of Feedstock:
- Liquid Form
- Dry Form
Global Specialty Feed Additives Market, by Function:
- Mycotoxin management
- Palatability enhancement
- Preservation of functional ingredients
- Others (greater dry matter intake and increased capacity for nutrient absorption)
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.