Search Market Research reports

Global Specialty Feed Additives Market - Growth, Trends and Forecasts (2017 - 2022)

Market Insights The global specialty feed additives market is poised to grow at a CAGR of over 5.2% during the forecast period. Specialty feed additives play an important role in maintaining digestive health, enhancing the palatability, and several other functions. They include an array of products such as mycotoxin inactivators, enzymes, flavors, and sweeteners. Market Dynamics The market is significantly influenced by two broad factors: increasing meat consumption and growing concern over the meat quality. Both these factors are particularly prominent in the case of Asia-Pacific and Latin American countries. The rise of urbanized and high-income consumers in these regions is cited as a major reason for this growth. The outbreak of livestock diseases is another factor that influences the market significantly, which is often accompanied by sudden public panic and increased regulations. The public fear as a result of such diseases gets reflected in the increased emphasis on the additives fed to livestock. The market also faces several constraints that include increasing regulations, more production costs, and low awareness about several product categories. The regulations are particularly strict in the case of the EU. In the Asia- Pacific region, the regulations are undefined or vague and are prone to sudden and rapid changes. The highly competitive nature of the market implies high R&D investments and quick product innovation. Due to these, and other price-related issues, the market is constrained by high production costs. Market Segmentation Specialty feed additives include feed additives, functional feed ingredients, premixes, and other types of specialty ingredients. The market is segmented by product type, application, and animal type. By the product type, amino acids occupy a predominant position, followed by mycotoxin inactivators, palatability enhancers, and acidifiers. By the application type, gut health and digestive performance are considered the most important concerns among farmers and include the maximum number of products. Palatability enhancement is another major area of focus, as it helps in increasing the feed intake and overall performance. Regarding the animal type, swine, poultry, and ruminants occupy a dominating market share. Aquaculture represents a rapidly growing segment. IFrame * Some Values in the graph may be randomized – actual data available on report purchase Regional Analysis Europe is an important entity in the specialty feed additives market, owing to its early adoption of non-antibiotic and natural feed additives. This region is also characterized by a well aware farming community and strict regulations concerning feed additives. North America is a crucial and high-value market, which is witnessing increasing regulations. Asia-Pacific presents a contrasting picture, as the region leads the world in the use of certain additives but holds a negligible market share for many other product segments. South America represents a growing market, as nations like Argentina and Brazil are gaining prominence as livestock exporters. Despite occupying a minor market share during the forecast period, Africa is expected to perform well in the future as the livestock sector gets more industrialized. IFrame * Some Values in the graph may be randomized - actual data available on report purchase Future Spotlight The future potential of this sector lies in expanding the present scope of the market, to include more kinds of products and new geographic destinations. Several developing regions such as India, Brazil, and South Africa are adopting a more industrial and commercial approach to farming. This move away from the traditional subsistence farming is expected to open several opportunities. The identification of sustainable and low-cost solutions is considered crucial in expanding the present range of the market. Many product categories, such as organic acids, are witnessing a rapid growth through the development of new and effective blends. Key Deliverables in the Study Market analysis for the global specialty feed additives market, with region specific assessments and competition analysis on a global and regional scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the global specialty feed additives market on both global and regional scales. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.

Published By: Mordor Intelligence
Published Date: Q3 2016

Get In Touch

Speak to Ananlyst

Enquiry Before Buying

Request for Customization

Request For Discount

Share With Your Friend

Related Reports