14th
March 2019 - Global
feed ingredients market is estimated to grow considerably in the coming years
owing to high demand for feed due to high efficiency of feed production
segment. Feed ingredients are the part of any mixture or combination added to the
feed. They may include milling by-products, grains, minerals, added vitamins,
oils/fats, and other energy sources and nutrition. Feed ingredients are made
from animal and plant by-products are only consumed by the animals.
Reasons for the growth of feed ingredients market include increasing
awareness for the protein consumption by animals, rise in the production of
industrial livestock, implementation of sustainable farming methods, and
growing awareness for the benefits offered by feed ingredients. However, feed
ingredients market is hampered by strict regulations by (EFSA) European Food
Safety Authority and (FDA) Food and Drug Administration, due to the risk of
adverse effects on human health and on the environment.
Growth in health conscious population, increasing spending power of
consumers, and speedy urbanization in emerging economies is an opportunity for
the manufacturers to enlarge their customer base.
Feed ingredients market is categorized on the basis of product type,
livestock, and geography. Based on product type, market is divided into soy
meal, oil seed, copra palm meal, rapeseed/canola meal, cotton seed meal,
sunflower meal, fish meal, other oil seed meal, and animal by product. Animal by
product can be further divided into poultry meal, meat & bone meals,
feather meal, and meat meal. Sunflower meal segment is predicted to grow
significantly in the coming years, since it is a high protein meal and is an
ideal substitute for fish meal.
By livestock, market is divided into swine, aquaculture, poultry, cattle,
equine, pet food, and others. Aquaculture segment is expected to hold larger
share of the market due to increase in demand for sea food on the global scale
and growing awareness for the benefits offered by fish foods.
Geographically, market is segmented as North America, Latin America,
Europe, Asia Pacific, and Middle East & Africa. North America accounted for
the largest share of the market due to increased production of soy bean and
growing investment in technological advancements for soy meal extraction. This
is majorly contributing to the growth of the market in the region. Further,
Asia Pacific and Europe also lead the market in the near future.
The major players in feed ingredients market include Alltech, Evonik
Industries, ADM, Charoen Popkhand, AB Vista, Chr. Hansen, Novus International,
Ballance Agri-Nutrients, Addcon Group, Adisseo, ABF, Royal DSM, BASF, Cargill,
Nutreco, De Hues, Ewos Group, DeKalb Feeds, Danisco, Kyodo Shiryo, Kemin
Industries, Kent Feeds, Land O Lakes Purina, Novozymes, New Hope Group, Wen's
Group, Weston Milling Animal Nutrition, SKM Animal Feeds & Foods, and
Venky's.
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