Global animal feed additives market is projected to garner massive returns in the years ahead, primarily driven by the increased consumption of meat products. As per estimates by WHO, annual meat production is expected to surpass 376 million tons by 2030. The World Health Organization projects that the livestock sector will witness unprecedented demand on the rate and quality of production as rising income, growing population and expansive urbanization will spur animal protein consumption. As the world witnesses a steep decline in prices of milk, eggs and meat, developing countries will embark on a path defined by increased meat consumption than developed nations did 20 to 30 years ago, stimulating animal feed additives industry trends.
The global expanse of urbanization has also added to the growth of animal protein consumption as the urban population consumes a more varied diet of fats and proteins than the rural population. The development of cold chains has permitted the trade for perishable goods, further boosting meat and eggs consumption in urban areas. With the increase in consumption, the demand for animal protein has also observed a surge, as animal protein is deemed to be a rich source of vitamins, zinc and iron. The global animal feed additives market is therefore registering cumulative interest and investments and is expected to grow exponentially over the ensuing years.
The future prospects of the animal feed additives market can be aptly validated with a recent instance when Cargill, one of the leaders of animal feed additives industry, published an annual report that it has earned USD 3.2 billion during the fiscal year of 2018 in adjusted operations. Apparently, the highlight here was that the Animal Nutrition and Protein business has been the largest contributor to these earnings. The earnings have been magnified by several acquisitions by Cargill which include the takeover of the Austria-based Delacon and the USA based Diamond V, two of the leading names in animal health improvement via plant and fermentation-based feed additives. Cargill also purchased Brazil based cattle minerals feed producer Integral Animal Nutrition and Pro-Pet, a U.S. based pet food maker.
Animal feed additives industry has come under greater scrutiny as the food ingested by livestock necessarily has a massive impact on human health. Therefore the quality of meat and its by-products is now strictly regulated to contain right amounts of water, minerals and proteins, thus augmenting investments in livestock wellbeing and consequently stimulating the animal feed additives market growth.
Following the latest regulation levied by the European Commission that requires the withdrawal of EQ as a feed additive, BASF, one of the most recognized suppliers of feed additives such as trace elements, enzymes and organic acids, recently announced the launch of Lucantin NXT. Lucantin NXT is being dubbed as a next generation of carotenoids that is designed to deliver high homogeneousness, exceptional stability and extended shelf-life while maintaining coloring efficacy in egg yolk and broiler skin.
Interestingly, animal feed additives market has received a major stimulus from the ruminant livestock sector as the normal digestive process of ruminant livestock can produce a severe amount of methane which has been found to be alarmingly adding to the greenhouse gas crisis the world is facing at present. For instance, in Australia, livestock directly accounted for 70% of the agricultural sector greenhouse gas emissions and 11% of national greenhouse gas emissions, making livestock the third major source of greenhouse gas emissions trailing after energy and transport sectors of Australia. Research and development programs in the animal feed additives industry have brought forward microorganisms that can inhibit the production of methane in the rumen and can considerably reduce methane production.
Not only livestock feed additives, but feed to improve the prospects for fish and shrimps has also received considerable focus from animal feed additives market players. The Product Makers, an Australia based company, conducted the first trials on a natural, non-antibiotic growth improver feed additive called the Polygain and found that it yielded improved feed conversion ratio, larger fish and shrimp, enhanced taste and flavor in raw fish and reduction in feed wastage and residue. The trials were carried out in Bangladesh, a country that is the fourth largest aquaculture market in the world and is being hailed as a regional game changer as it has the potential to expand the volume and value of exports from the country.
Powered by the robust number of investments by leading industry players, animal feed additives market is expected to soar in terms of popularity. As the cumulative demand for animal protein continues to witness a upsurge, the global animal feed additive industry is expected to traverse alongside a highly profitable growth path in the years ahead.
A 2018 research titled “Global Animal Feed Additives Market Professional Survey Report 2018” is now available with MarketStudyReport.com at https://www.marketstudyreport.com/reports/global-animal-feed-additives-market-professional-survey-report-2018 .