Growth Opportunities in the Specialty Feed Additives Market

The report "Specialty Feed Additives Market by Type (Flavors & Sweeteners, Minerals, Binders, Vitamins, Acidifiers, Antioxidants), Livestock (Swine, Ruminants, Poultry, Aquatic Animals), Function, Form, and Region - Global Forecast to 2022", The specialty feed additives market is projected to reach a value of USD 11.12 Billion by 2022, at a CAGR of 5.43% from 2016. The market is driven by factors such as rise in consumption of animal products, increase in incidences of disease outbreaks in livestock, adverse impact on the environment due to the emission of greenhouse gasses by the livestock, and innovations in animal husbandry.

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On the basis of type, the global market is segmented into flavors & sweeteners, minerals, binders, vitamins, acidifiers, antioxidants, and others (feed PAA, enzymes, probiotics, prebiotics & complex carbohydrates). The flavors & sweetners segment accounted for the largest market share in 2015, followed by minerals. The acidifiers segment is projected to grow at the highest CAGR during the forecast period.

The swine segment, on the basis of livestock, is projected to grow at a significant rate during the forecast period. With increase in pork trade and concerns over food security, the demand for specialty feed additives is expected to increase to ensure better meat quality and safety.

On the basis of form, the specialty feed additives market is segmented into liquid, dry, and others (pellets and dust/powder forms). The liquid segment is projected to grow at the highest CAGR during the forecast period. Liquid specialty feed additives are gaining popularity because of their low cost.

On the basis of function, the global market is segmented into gut health & digestive performance, mycotoxin management, palatability enhancement, preservation of functional ingredients, and others (greater dry matter intake and increased capacity for nutrient absorption).Palatability enhancement is projected to be the fastest-growing from 2016 to 2022. Palatability enhancement of the feed leads to high feed intake by the livestock. Thus, it is gaining a substantial position in this market.

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Asia-Pacific has a high growth potential for specialty feed additives, as it comprises many emerging countries such as China and India. The demand for poultry is estimated to increase in India and China, owing to the rise in population, increase in purchasing power, and changes in consumer preferences, along with urbanization. These factors have led to the growth of the specialty feed additives market.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies, such as BASF SE (Germany), Evonik Industries (Germany), Novozymes A/S (Denmark), Nutreco N.V. (Netherlands), Alltech Inc. (U.S.), Chr. Hansen Holdings A/S (Denmark), Invivo NSA (France), Biomin Holding GmbH (Austria), Lucta S.A. (Spain), and Kemin Industries Inc. (U.S.).

Target Audience:

The key stakeholders for the report are as follows:

• Specialty feed additive manufacturers

• Specialty feed additive importers and exporters

• Government regulatory authorities and research organizations

• Feed additives associations and industry bodies