Poultry Feed Additives Market: Introduction
With the advent of technological advancements in feed additive industries and launch of products based extensive scientific studies have made the modern poultry to achieve robust gains on economical and efficiency factors, yet offering high-quality eggs, meat, and other products. Moreover, feed additives also help in positive health and well-being of birds. In poultry, feed additives are primarily used in improving bird’s growth, laying capacity, improvement in feed utilization and prevention of diseases.
There various kinds of feed additive available in the market with their own differentiating applications, such as antibiotics which are used extensively in poultry to reduce the prevalence of diseases, thus improving their growth, enzymes are used to reduce the gut content viscosity which results in improved digestion. Antioxidants are also being used as the feed additive, as they reduce oxidative stress while acidifiers are used and added to the feed to maintain an optimal level of pH of the feed which directly impacts the gut environment of the birds. Probiotics and prebiotics are also gaining traction in the market due to their effective results in strengthening the immune response and gut health of the birds.
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Poultry Feed Additives Market Segmentation
Global Poultry Feed Additives market can be segmented on the basis feed additive type, bird type, form, and region. Based on the feed additive type, poultry feed additives market is segmented into the antibiotics, feed enzymes, antioxidants, acidifiers, probiotics, prebiotics, vitamins, amino acids and others. On the basis of bird type, poultry feed additives market is segmented into Chicken, Turkey, Geese, Ducks, and others. The Chicken segment is further sub-segmented into broilers and layers. On the basis of the form, poultry feed additives market is segmented into powder, liquid, and others.
Poultry Feed Additives Market: Regional Outlook
On the basis of geography, the poultry feed additives market is segmented into North America, Latin America, Europe, Asia-Pacific, and MEA. Globally, among all regions, North America is expected to be the largest market for the poultry feed additives, followed by Europe over the forecast period due to the relatively high market penetration as of increased awareness and high disposable income among poultry farmers. In North America, U.S. is the most prominent poultry feed additives market and is expected to continue with the maximum revenue in the coming four to five years. However, in Asia Pacific the poultry feed additives market is anticipated to witness rapid growth over the forecast period owing to rising consumer awareness of poultry feed additives rich products and increasing consumer demand for the high quality meat and egg products.
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Poultry Feed Additives Market: Dynamics
The population statistics of the world shows a sharp surge in the near future which has posed the challenge in the agriculture sector to produce more from less to feed. The population with astronomical numbers has resulted in growing demand for animal protein and is anticipated to fuel the growth of poultry feed additive market over the forecast period. Moreover, increasing health awareness in emerging and developing economies has resulted in people opting of protein rich diets which have resulted in an increased demand for eggs and meat, thus driving the growth of the poultry feed additive market.
However, increasing popularity of organic eggs & meat and availability of alternatives, in developed and emerging economies, coupled with stringent rules and regulation imposed by government authorities on the use of feed additive are expected to restrain the growth of poultry feed additive market over the forecast period. For instance, the European Union has banned in-feed antibiotics since 2006.
Poultry Feed Additives Market Key Player:
Some of the major players operating in poultry feed additives market include Basf Se, Evonik Industries Ag, Chr. Hansen Holdings A/S, Cargill Inc., Royal Dsm N.V., Novus International Inc., Alltech Inc. and others
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