2022 In China Is The Year Of What Animal 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 nutritional supplements for farm animals, which fulfill nutritional needs that are not met by regular diets. These include vitamins, minerals, amino acids, and fatty acids.

They are an important part of the animal’s nutritional requirement. They improve feed quality, and thus, improve animal health and productivity. Living standards and disposable income are increasing meat and dairy consumption. Coupled with that, the growing preference among livestock producers towards quality and nutrition is sustaining the demand for feed additives.

Division by type

The most important types are vitamins, minerals, amino acids, antioxidants, fatty acids, medicines, and flavors & sweeteners. Vitamins and minerals improve processing and conception rates, immunity, and general health. Medicines help livestock farmers to reduce the chances of animals becoming sick.

Distribution by region

The market is divided into various regions, ie, America, Europe, Asia-Pacific, and Middle East & Africa. Asia-Pacific is considered to be the fastest growing market, with China expected to be the world leader. The EU has put forward a strong regulatory and approval process, which may increase production costs and demand.

The increasing demand for improved quality of agricultural products among the living standards in countries, such as New Zealand, Portugal and Iceland, is driving the growth of the global feed packaging market. Increased awareness about the nutritional content of meat and other dairy products among consumers has enabled livestock farmers to provide better food to farm animals. These factors have led to the steady growth of the market.

However, traditional feed methods, such as crop residue and grazing, are still a threat to the feed grain market, due to the low or zero costs associated. Further restrictions include the banning of various drugs in several countries and strong regulations, as well as weakness, in the prices of raw materials. Case in point is EU Regulation 1831/2003, which states that all food additives on the market within the European Union have to undergo an informed consent process. Other markets are also expected to follow suit, according to the market intelligence agency.

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

– Addisseo France SAS

– BASF SE

– Danisco Animal Nutrition

– Novozymes

-Alltech Inc.

– Cargill Inc.

– Cr. Hansen

– Archer Daniels Midland Company

Several key developments are being witnessed in the nutritional supplement industry.

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

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

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

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