Specialty Feed Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029

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Specialty Feed Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029

Status : September, 2021 | Food and Beverages

Report Digest


Specialty Feed Additives Market: Overview

Specialty feed additives help enhance immune system of livestock. Besides, they are also used with the aim to improve the palatability, maintain digestive health, and several other functions. Use of additives minimized the risk of diseases and infections. This, further, avoids outbreak of livestock diseases.

To keep up with the varying need of livestock, these additives are available in wide range. The product range includes vitamins, flavours and sweeteners, minerals, antioxidants, and acidifiers.

Aforementioned factors are influencing specialty feed additives market.

Further, shift in food habits of people is fuelling demand for specialty food additives. Lately, people are inclined towards meat consumption to meet protein and vitamin requirement of the body. At the same time, they are concerned over the quality of meat. To avoid any such panic, companies involved in poultry and animal husbandry business are undertaking preventive measures. This, in turn, is pushing demand for specialty feed additives.

The upcoming report on specialty feed additives market provides growth insight of the market during forecast period (2019-2029). It covers all the factors influencing expansion of the target market in upcoming years.

Specialty Feed Additives Market: Notable Developments

In December 2017, ADM Animal Nutrition, a vertical of Archer Daniels Midland Co., has announced launch of new specialty feed additive. The feed additive is named as Anco AC. The additive is specifically for dairy, swine, and poultry producers based in Canadian market.

Anco AC is an anti-caking agent and yeast primary. It can be used in all phase of production in case of multiple species.

The additive will work as nutritional stressors in their feed. As a result, efficiency of the animals will increase.

Some of the key players operating in the global specialty feed additives market are-

  • Evonik Industries
  • Chr. Hansen Holdings A/S
  • AkzoNobel Surface Chemistry AB
  • Novus International
  • Biomin Holding GmbH
  • Nutreco N.V.
  • Brookside Agra
  • BASF SE
  • Kemin Industries Inc.
  • Novozymes A/S
  • Invivo NSA

Specialty Feed Additives Market: Key Trends

In recent years, rate of disease infliction in farm animals has proliferated.  Poultry business is directly linked with health of the animals. Hence, companies involved in the business are taking significant steps so that the farm animals do not fall victim of illness and infections caused by harmful bacteria and parasites.

Rising concerns among key players are likely to augment growth of the global specialty feed additives market.

On the other hand, specialty feed additives are available in various flavours. This aids to enhance the scrumptiousness of the feed. As a result, feed is consumed in large amount by livestock animals, helping them in their performance. These taste enhancers are helping in improvement of position of global feed additives market.

In addition, increasing demand for eggs, dairy products, meat, and other animal items, rising epidemic outburst in livestock, and encapsulation in nourish acidifiers are likely to influence specialty additives market in coming years.

Specialty Feed Additives Market: Regional Analysis

Asia Pacific market is expected to exhibit remunerative growth in forecast period. The growth rate is attributed to wide livestock and agriculture base in the region. Thus, various players including international players operating in global specialty feed additives market are trying to expand their presence in the region.

Specialty feed additives market is anticipated to witness significant growth in developing economies such as India, China, and Japan. Enhancement in the purchasing power of these countries will lead to expansion of global specialty feed additives market.

Moreover, North America and Europe also hold significant share in specialty feed additives market. This is due to easy accessibility of feed additives. Further, registering development in agricultural in infrastructure, increasing population, and booming economies in the region, key players are showing interest in these regions.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?