Fermented Feed Ingredients Market to be dominated by Amino Acid Type ingredient through 2028
Increasing demand for healthy animal protein is expected to
drive Global Fermented Feed Ingredients Market in the forecast period, 2024-2028.
According to TechSci Research report, “Fermented Feed Ingredients Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”,
the global fermented feed market is
anticipated to grow at an impressive rate in the forecast period 2024-2028. This
can be ascribed to the rising demand to improve in feed effectiveness and lower
feed costs, along with the growing awareness regarding the benefits of
naturally fermented feed. Additionally, Increasing demand for use of
antibiotics at the farm level and increasing improvement of nutrition solution
and specific micro ingredients will propel the market growth. The rising
awareness among governments about the need to increase livestock produce and increasing concerns over global food security and
sustainability are the major
factors, which are further expected to increase the demand for the fermented
feed ingredients market in the forecast period. Similarly, growing concern over
the use of antimicrobials is expected to create significant growth in the
market over the years. Also, the cost-effectiveness of the feed ingredients
produced through fermentation technology is driving the growth of the market
over the years. Additionally, increasing need to reduce the use of antibiotics
at the farm level different companies are actively expanding their offers along
with advanced nutrition solutions which will further drive the market growth
during the forecasted period.
However, low
quality of raw materials, high cost of ingredients and health risk caused by
fermented products may hamper the global fermented feed ingredient market in
the forecast period.
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The global fermented
feed ingredients market is
segmented into by ingredient, by form, by animal type and by region.
Based on Ingredient, the global fermented feed
ingredients market can be segmented into Amino Acids, Vitamins & Minerals, Organic Acid,
Probiotics & Prebiotics, Others.
The amino acids ingredient is expected to dominate the market in 2022 and
maintain its dominance throughout the forecast period. Their increasing demand in the animal feed
additives and the food & beverages industries is a major contributing
factor in the development of fermented feed ingredient market. . The increasing
demand for fed vitamins to poultry animals is anticipated to lead to
advancements in fermented feed ingredient market in the forecast period.
Based on form, the global fermented feed
ingredients market can be divided into Liquid v/s Dry. Dry Form is predicted to dominate the market
in 2022 and maintain its dominance throughout the forecast period. Similarly, rising health consciousness
among the masses regarding the benefits of consuming fermented food products, growing demand for easy food preservation
and low-cost procurement will boost the market in the forecast period. Also,
the growing demand for increasing feed quality and nutritional value of
products, increases the egg weight of birds, improves their digestibility and
strengthens their immune systems will further boost the market growth over the
years.
Major companies operating in global fermented feed ingredients market
are:
- BASF SE
- Balchem Inc.
- Cargill, Inc.
- Chr. Hansen A/S
- AB Vista
- Archer Daniels
Midland Company
- Ajinomoto Co. Inc.
- Angel Yeast Co.,
Ltd.
- CJ Corp.
- Fermented Nutrition
Corporation
For instance, in July 2018 and August 2018, BASF SE
launched two animal nutrition feed ingredients, carotenoid Lucantin NXT, and
organic acid-based silage additive Lupro-cid NA to enhance feed quality for
livestock.
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“North America is
expected to register the highest growth in the global fermented feed
ingredients market due to the growing awareness about the animal health
benefits of fermented items and increasing high consumption of probiotics and
prebiotics. Also, growing concern over the use of antimicrobials along with
improving immunity levels for farm animals is expected to boost the growth of
the market in the forecast period. Similarly, increasing applications regarding
improving nutrient content of the feed and improvement of the feed conversion
ratio by the manufacturers in order to decrease the feeding cost, are expected
to drive the demand for fermented feed ingredients in the forecast period. Similarly,
increasing
urbanization and rapidly rising demand for animal proteins are expected to
propel the global fermented feed ingredients market growth till 2028” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Fermented Feed Ingredients Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028 Segmented By Ingredient (Amino Acids, Vitamins & Minerals,
Organic Acid, Probiotics & Prebiotics, Others), By Form (Liquid v/s Dry), By Animal Type (Poultry, Swine,
Ruminant, Aquatic, Others), By Region and Competition”, has evaluated the future growth potential of global fermented
feed ingredient market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in global fermented
feed ingredients market.
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