Fact.MR- a market research & competitive intelligence provides- establishes that the specialty feed additives industry is anticipated to surge at a CAGR of 5.5% from 2021 to 2031. Demand for specialty feed acidifiers will emerge the strongest, generating an absolute opportunity worth US$ 550 Mn by 2031. Overall, the market is anticipated to be valued at US$ 10.8 Bn by 2021-end.
Key Points Covered in Specialty Feed Additives Industry Survey
- Market Estimates and Forecasts 2016-2031
- Key drivers and restraints shaping market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Specialty Feed Additives and How to Navigate
- Recommendation on a Key Winning Strategy
Know More Details About the Report
Specialty Feed Additives Consumption Analysis 2016-2020 Vs Outlook 2021-2031
The global market for specialty feed additives expanded at a CAGR of 5% from 2016 to 2020, according to Fact.MR. This growth was backed by growing emphasis on sustainability of animal nutrition products across the developed as well as developing regions.
Further, the market escalated with the snowballing consumption of dairy, poultry and meat products worldwide. According to a United Nations report, “By 2050 the planet could have as many as 9.7 billion mouths to feed. The significant gush in overall population across key regions like India and China is projected to amplify the demand for specialty feed additives.
Attributed by the augmented focus on livestock health after the outbreak of diseases such as bird flu and swine flu, which often creates sudden public panic, the global specialty feed additives market is estimated to surpass US$ 18.4 Bn by the end of forecast period ranging from 2021-2031.
Rising Frequency of Zoonotic Diseases to Enhance Specialty Feed Uptake?
Recent years have seen an explosion of various zoonotic diseases across the world. Various categories of bacterial, viral or parasitic infections have been documented amongst animals of all species. In addition, their prevalence has posed a major threat to human existence as well, the well-documented instance of the same being the current COVID-19 pandemic.
According to the World Health Organization, zoonoses comprise a large percentage of all newly identified infectious diseases, with some infections such as HIV beginning as zoonosis and later mutating into human-only strains. Consequently, efforts are underway to mitigate this incidence across the world.
Based on this development, the need to incorporate specialty feed additives and ingredients in animal feeds has acquired paramount importance. In January 2021, Novus International partnered with Agrivida, to leverage its technology of embedding feed additives directly into corn grown for production animals. By having the additive inside of the grain, the molecules are more efficiently absorbed, and producers can improve both animal performance and their bottom line.
Avail customized purchase options for your needs
How is the Foray for Discovering Novel Additives Stimulating Market Growth?
Companies are constantly investing in innovative, cutting-edge and science-based technologies to make sustainable animal production possible. For instance, Erbo Spraytec AG’ has invested nearly 4 Mn Euros at its headquarters in Buetzberg, Switzerland.
In many countries the use of feed additives is more and more questioned by the consumers: substances such as antibiotics and β-agonists with expected high risks are banned in animal diets. Therefore, the feed industry is highly interested in valuable alternatives which could be accepted by the consumers. Probiotics, prebiotics, enzymes and highly available minerals as well as herbs can be seen as alternatives to metabolic modifiers and antibiotics.
How is Rising Meat Production Broadening Scope across the U.S?
In terms of global consumption, the U.S is amongst the largest consumer of specialty feed additives. Growth in the meat industry will cater to the demand for specialty feed additives in U.S.
As recognized by the Food & Drug Administration, animal feed additives are classified under Generally Recognized as Safe (GRAS), which ensures that animal food quality meet the required standards. Soaring meat & meat products consumption has led to rise in incorporation of various additives such as vitamins, and organic and inorganic trace minerals, which will augment demand.
Growing fondness for processed food and upsetting obligation to improve food security is driving the aquaculture sector, which in turn is predicted to positively influence the country’s animal feed additive market in the coming years. Fact.MR predicts the U.S market to surge at a CAGR of 5% until 2031.
Why China Is Witnessing High Traction in Specialty Feed Additives Market?
With a fast-growing animal feed industry, and a growing industrial manufacturing sector, the specialty feed additives market in China will contribute more than 35% of total revenue in 2021.
A recent study on the Chinese feed market by World Grain, concluded that, “Livestock production became more commercialized in the 2000s and producers were more willing to pay for commercially mixed feeds compared to backyard producers. Feed companies expanded regionally and nationally, and compared to its initial beginnings, China’s feed industry has become more diverse, while privately-owned companies are leading the way.
The presence of prominent key players of feed additives in China has strong armed the nation’s economy. As per the reports of U.S. Department of Agriculture Economic Research Service (ERS), “China has agreements with Australia to phase out tariffs on imports of beef and dairy products, and it also has agreements with several Eastern European countries to import cattle, sheep and pork. Along with this, China is also making overseas investments focused on meat and dairy production, including the purchase of Smithfield Foods by China’s Shuanghui Group.”
An Adaptive Approach to Modern-day Research Needs
Why are Specialty Feed Acidifiers Set to Gain Major Traction?
The acidifiers segment is expected to be the most lucrative during the forecast period, at a CAGR of about 6%. Acidifiers are easily metabolized by animals. In addition to inhibitory effects due to low pH, acidifiers have a direct bactericidal action.
Acidifiers are powerful tools to maintain animal health and assist with food safety goals. Consistent beneficial effects on productivity in livestock and poultry have been reported in numerous scientific studies with results showing decreased microbial counts and improved animal growth performance, reduced diarrhoea, morbidity, and mortality rates.
Palatability Enhancement to be Primary Function of Specialty Feed Additives?
Based on functionality, palatability enhancements is likely to be the fastest expanding segment, registering a CAGR of 4.5% through 2031, according to Fact.MR. Palatability enhancement influences ease of prehension and mastication. Furthermore, greater sensory response towards feeds can integrate nutritive value.
Including pleasant taste and odor in animal feeds increases intake of specialty feed additives, as they invoke a positive sensory response amongst animals. For instance, sheep prefer the taste of monosodium glutamate and the odor of butyric acid over acetic acid. Also, palatability enhancement are associated with digestive modifications.
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.
Have a report related query? Speak to us directly
|Market Size Value in 2021||USD 10.8 Billion|
|Market Value Forecast in 2031||USD 18.4 Billion|
|Growth Rate||CAGR of 5.5% from 2021 to 2031|
|Historical Data Available for||2016-2020|
|Market Analysis||US$ Mn for Value & Kilo Tons for Volume|
|Key Regions Covered||
|Key Countries Covered||
|Key Segments Covered||
|Key Companies Profiled||
|Pricing||Available upon Request|
Key Segments Covered
- Specialty Feed Binders
- Specialty Feed Acidifiers
- Specialty Feed Minerals
- Specialty Feed Antioxidants
- Specialty Feed Flavors & Sweeteners
- Specialty Feed Vitamins
- Other Specialty Feed Additives
- Dry Specialty Feed Additives
- Liquid Specialty Feed Additives
- Specialty Feed Additives for Palatability Enhancement
- Specialty Feed Additives for Mycotoxin Management
- Specialty Feed Additives for Preservation of Functional Ingredients
- Specialty Feed Additives for Other Functionalities
Specialty Feed Additives Market- Scope of Report
A recent study by Fact.MR on the specialty feed additives industry offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging associated with the manufacturing of the specialty feed additives.
The study also provides the dynamics responsible for influencing the future status of the specialty feed additives market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the specialty feed additives market, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers a comprehensive analysis of diverse features, including production capacities, demand, product developments, revenue generation, and sales of specialty feed additives across the globe.
A comprehensive estimate of the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of the specialty feed additives market during the forecast period. Price point comparison by region with the global average price is also considered in the study.
Key Questions Answered in Report
- Which is the most lucrative specialty feed additives market?
- Which factors will impact the growth of the specialty feed additives market?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the specialty feed additives industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (Kilo Tons) and value (US$ Mn).
Estimates at global and regional levels for specialty feed additives are available in terms of “US$ Mn” for value and Volume (Kilo Tons). A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.
Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global specialty feed additives market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which has helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the specialty feed additives market during the forecast period.
Country-specific valuation on demand for specialty feed additives has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
In-depth Analysis on Competition Analysis
The report sheds light on leading manufacturers of specialty feed additives, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering specialty feed additives, have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolios and key strategies, along with an all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the specialty feed additives domain. Prominent players include Koninklijke DSM N.V., DuPont de Nemours Inc., BASF SE, Evonik Industries, Novozymes A/S, Nutreco N.V., Novus International, Akzo Nobel Surface Chemistry AB, Kemin Industries Inc., Brookside Agra, Neovia Group and Chr. Hansen Holdings A/S among others.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the specialty feed additives industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the draw conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
As of 2021, sales of specialty feed additives are estimated to reach US$ 10.8 Bn
From 2016 to 2020, the specialty feed additives market expanded at around 5% CAGR
The market for specialty feed additives is likely to bolster at a growth rate of 5.5% over the 2021-2031 forecast period
By 2031, specialty feed additives value will likely reach US$ 18.4 Bn, as per Fact.MR
Increased prevalence of zoonotic diseases and their transmission to humans is prompting increased incorporation of specialty feed additives
As per Fact.MR, the U.S is expected to be the fastest growing market, at a CAGR of 5%
Koninklijke DSM N.V., DuPont, BASF SE, Evonik Industries, Novozymes A/S, Nutreco N.V., etc. are some prominent manufacturers of specialty food additives profiled in Fact.MR’s report
China is likely to be the dominant market in Asia, capturing over 35% market share by 2031
Specialty feed acidifiers are likely to remain preferred, growing at a 6% CAGR
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
The Rise of Intelligent Packaging
Personalized, Connected and Sustainable
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.