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Antibiotic Segment Dominates the Animal Feed Additives Market
The antibiotic segment is predicted to account for the largest share of the global animal feed additives market. However, certain regions have passed government regulations restricting the use of such products because of their negative impact on human health. In 2018, the European Union passed a law that limits the use of antibiotics in animal husbandry. This announcement restricts the use of antibiotics, posing a challenge to overall animal feed additives market.
Fitness-conscious Millennials Drive Demand in APAC Animal Feed Additives Market
Unsurprisingly, the APAC region comprises the dominant share of the global animal feed additives market with China and India being the largest producers of both raw and processed meat. India, in particular, has a younger population that prioritizes fitness, and greater protein consumption. North America and Europe are heavily dependent on APAC for the import of not only meat products, but also poultry and fish. Thus, the APAC region needs a constant supply of animal feed additives to produce high-quality livestock.
Aggressive Launches Commonplace in Global Animal Feed Additives Market
A few companies profiled in this detailed report of the animal feed additives market include BASF SE, Cargill Inc., Phibro Animal Health Corp., Danisco Animal Nutrition, Novozymes AS, Elanco Animal Health, Archer Daniels Midland Co. (ADM),Kemin Industries Inc.,Beneo GmbH, Disseo SAS and Lallemand Inc.
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The world has begun shifting towards sustainable food production, compelling animal feed additive makers to offer innovative products consisting of natural ingredients. In 2019, Layn Corp., unveiled a new business unit to develop antibiotic alternatives and feed additives. The segment consists of TruGo Animal Nutrition, CBD, hemp extract, and plant-derived sweeteners. The animal nutrition segment offers botanical extracts that are rich in polyphenol and should help improve palatability, gut health, and function as a substitute to antimicrobials. Layn Corp. also launched TruGro AOX, an anti-oxidant intended as an animal feed additive. TruGro AOX is designed as a superior alternative to synthetic antioxidants without any dip in performance.
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In the same year, Ascus Biosciences released endomicrobials, an animal feed additive that comprises beneficial microbes living within specific species to boost efficiency, well-being, and productivity.
Also, NUQO, a European company provides natural ingredients by way of encapsulation techniques and algae bioactives. It manufacturers these products at three different locations spread across the continent. NUQO states that its solutions significantly enhance animal health and performance. The company caters to pigs, ruminants, aquatic animals, and poultry. Therefore, companies looking to enter the global animal feed additives market will have to constantly innovate or perish.
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