Feed Supplements
Market Overview
Feed supplements
are added to livestock food formulation to increase the nutritional content in
the animal feed. The commonly added nutrients include proteins, vitamins, amino
acid, fatty acids, minerals and others. They help to improve the feed quality,
animal health and reduce the livestock diseases which further helps in quality
of products derived from livestock. Growing livestock industry is driving the
market for feed supplements.
Feed supplements
are a means to provide additional nutritious elements and improve the quality
of livestock feed. Growing population in developing countries has increased the
demand for production and consumption of poultry, swine, aquaculture and other livestock
which is driving the market for feed supplements. Moreover, increasing
awareness of animal nutrition and rising concern for animal health is boosting
the feed supplements market.
Regional
governments are forming regulations to standardize meat products to prevent
consumers from the outbreak of livestock diseases which is adding fuel to the
growth of feed supplements market. However, increase in the cost of raw
materials may hamper the market of feed supplements. Nevertheless, all these
factors are projected to contribute to the estimated CAGR of 5.3% of feed
supplements market during the forecast period 2022-2030.
Segments
Analysis
Based on the type,
feed supplements market is segmented into protein, vitamins, amino acid, fatty
acids, minerals and others. Among all, amino acid is dominating the market
followed by vitamins. Amino acid contain lysine which is commonly used in
poultry and swine feed application. Whereas vitamin segment is growing rapidly
due to vitamin deficiency found in livestock commonly.
Feed supplements
market is segmented on the basis of form such as dry, liquid and others. The
dry form of feed supplement is dominating the market. However, the liquid feed
supplement is projected to witness high growth over the forecast period.
On the basis of
livestock, feed supplements are segmented into ruminants, poultry, swine,
aquaculture and others. Among all, ruminates is dominating the market based on
increased consumption of meat and meat products globally. However, poultry
segment is witnessing steady growth over the forecast period owing to growth in
poultry industry.
Competitive
Analysis
The major
players in the feed supplements market
v BASF SE (Germany)
v Archer Daniels Midland Company (U.S.)
v Cargill, Incorporated (U.S.)
v Land O'Lakes, Inc. (U.S.)
v Grain Corp Ltd. (Australia)
v LEO BIO-CARE PVT. LTD (India)
v Dallas Keith Ltd (U.K.)
Regional
Analysis
The global feed
supplements market is segmented into North America, Europe, Asia Pacific and
rest of the world (RoW). Asia Pacific is dominating the feed supplement market
followed by North America. In Asia Pacific, rising population followed by
increasing consumption of livestock in developing countries of Asia Pacific is
boosting the feed supplement market. Moreover, China is the major exporter of
meat which in turn grows the market of feed supplements in this region.
In North America,
the U.S. is dominating the market owing to favorable government regulations
imposed. Moreover, rising demand for poultry and swine products in Europe will
boost the feed supplement market. Additionally, Brazil and Middle East regions
are witnessing growth owing to increase in demand of protein intake from swine
and poultry applications.
Market
Segmentation
Feed supplements
market is segmented on the basis of type, form, livestock and region.
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