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Specialty feed additives are those ingredients that have a specified function in the appropriate concentrated form. The incorporation of specialty feed additives improves the overall nutritional profiles of feed as well as enhance the storage stability of the same. Such ingredients are known to play a vital role in guaranteeing appropriate nutrition and overall health and well-being of animals.
The concept of balanced nutrition holds equally true for animals as it is the case with humans. Maize, wheat, and soybean are among the dominant inputs in majority of animal feed available worldwide. The utility of specialty feed is to tackle any possible nutrients deficiencies thereby ensuring the assimilation of all the essential nutrients.
The quest for being responsive to customer’s demands have encouraged manufacturers to create sustainable, effective and antibiotic-free solutions for growth promotion and health maintenance. Nutrition as such has evolved as a primary concern for customers and thus the specialty feed additives have occupied center-stage by not only improving the quality of the final animal products but also by reducing the environmental footprint of animal production.
Key Market Driver -
Key Market Driver – Robust Demand for High Quality Animal-based Products.
Key Market Restraint -
Key Market Restraint – Production Cost and Regulatory Concerns.
The growing awareness for superior quality animal products have encouraged producers and processors to look for specialty nutrition for animals – products that contain an array of vitamins, minerals, and antioxidants to name but a few are offering such desired benefits to animals.
The transformation in meat consumption patterns coupled with the growing concerns regarding the quality of animal-based products is driving the sales growth of specialty feed additives. The major challenge in specialty feed additives market is escalating production cost owing to the plethora of ingredients utilized and the stringent regulatory framework that restricts the use of novel ingredients without exhaustive clinical trials and validation checks.
Some of the major companies that are present in the global specialty feed additives market are Alltech Inc., BASF SE, Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries, Kemin Industries Inc., Biomin Gmbh, Nutreco N.V., Chr. Hansen Holdings A/S, Lucta, S.A., Yara International ASA, and Brookside Agra.
The key players in the specialty feed additives market are constantly improving their R&D work in the direction of improving the quality of their products. Disease prevention and strengthening the immune system of animal are among the major priorities of specialty feed manufacturers.
On the basis of type, the acidifiers based feed additives are expected to perform significantly during the forecast years (2019-2026) owing to its effectiveness in promoting a healthy gut by modulating the intestinal flora. They also control harmful bacteria and improve overall digestion and immune system in animals. Macrominerals such as sodium, magnesium, and calcium are also increasingly utilized in feed products for pigs, poultry and horses to sustain productive animal growth.
Asia Pacific specialty feed additives market is one of the fastest-growing region during the forecast years (2019-2026), owing to strong dependence on livestock, rapidly growing demand for animal protein, and strong volumetric consumption trends in the region. The livestock sector in the developed markets of west is seeking for sustainable production with that results in reduced cost and enhanced quality.
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The producers and processors are focusing on the production of healthy food and with the stringent regulatory framework on antimicrobial growth promoters, specialty feed additives have crucial role to play in maintaining the value-chain of livestock sector. The profitability of livestock production without the use of antibiotics can be achieved by optimal feed additives that address the performance, health, and well-being of animals.
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