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Specialty Feed Additives Market

Specialty Feed Acidifiers to Yield an Absolute Opportunity worth US$ 550 Mn: Fact.MR

Published : 20 Oct 2021 Industry: Food & Beverage

Newly published data by market research provider Fact.MR reveals that demand for specialty feed additives will surge at a CAGR of 5.5% from 2021-2031, reaching US$ 18.4 Bn in value. Emergence of food borne diseases, which are largely zoonotic, are prompting increased incorporation of feed additives in recent years.

Historical performance reveals that the market expanded at a steady pace, at a CAGR of 5% from 2016-2020. Demand further increased during the COVID-19 pandemic, given the zoonotic nature of the disease. Although global meat trade has declined by 4% since its outbreak, there is a significant proportion of people consuming meat products, hence sustaining demand for specialty feed additives.

It is anticipated that global demand for animal products is projected to increase by 60-70% by 2050. Presently, approximately 800 million tons of cereals, or 1/3rd of global cereal production, are used in animal feed. This number is projected to rise to over 1.1 billion tons by the next three decades. Consequently, the need to incorporated specialty feed additives will increase manifold in forthcoming years.

Key Takeaways from the Market Study

  • Based on feedstock, acidifiers to enjoy maximum growth, at 6% CAGR, yielding US$ 550 Mn absolute opportunity
  • Palatability enhancement to emerge as one of the primary functionality of specialty feed additives, registering a 4.5% CAGR
  • U.S to be the fastest growing market, registering a CAGR of 5% through 2031
  • China to be the dominant market in Asia, capturing 35% of total market revenue
  • Preference for dry specialty feed additives to remain, accumulating a revenue share of 30%
  • Global market for specialty feed additives to reach US$ 10.8 Bn by 2021

“Increasing scramble to develop more novel specialty feed additives is broadening scope for the market, with prominent manufacturers initiating numerous R&D projects,” comments a Fact.MR analyst.

Competitive Landscape

Primary focus of leading manufacturers of specialty feed additives is on introducing novel product lines into the global market. Besides this, players are reliant on strategic partnerships with existing entities to enhance their production capacities. Notable developments in the market as follows:

  • In September 2021, Koninklijke DSM NV announced its strategic decision to fully focus on its resources and capabilities, by establishing an independent animal nutrition & health business group, focusing entirely on specialty solutions for a radical, yet achievable, transformation in the sustainability of animal protein production.
  • In March 2019, BASF SE introduced a new phytase, Natuphos E, to unlock vital nutrients for the feed industry in Indonesia. Natuphos E helps animals better utilize important nutrients- rendering livestock feed more cost effective and environmentally friendly.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the Specialty Feed Additives Market, presenting historical demand data (2016-2020) and forecast statistics from 2021 to 2031.

The study divulges essential insights on the market based on feedstock (binders, acidifiers, minerals, antioxidants, flavours & sweeteners, vitamins & others), form (dry and liquid) and functionality (palatability enhancement, mycotoxin management, preservation of functional ingredients and others) across seven regions (North America, Latin America, Europe, South Asia, Oceania and Middle East & Africa).

About the Food and Beverage Industry at Fact. MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed  food-and-beverage across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Santosh Kumar

Fact.MR

Sr. Consultant – Food and Beverages

E-mail: santosh@factmr.com

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Specialty Feed Additives Market

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Specialty Feed Additives Market Report By Feedstock (Binders, Acidifiers, Minerals, Antioxidants, Vitamins), By Form (Dry, Liquid), By Functionality (Palatability Enhancement, Mycotoxin Management, Preservation of Functional Ingredients) & Regional Forecast 2021-2031