Market Overview
Feed supplements areadded 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.
CompetitiveAnalysis
The major players inthe feed supplements market
- BASF SE (Germany)
- Archer Daniels Midland Company (U.S.)
- Cargill, Incorporated (U.S.)
- Land O'Lakes, Inc. (U.S.)
- Grain Corp Ltd. (Australia)
- LEO BIO-CARE PVT. LTD (India)
- Dallas Keith Ltd (U.K.)
Market Segmentation
Feed supplements industryis segmented on the basis of type, form, livestock and region.
Market Forecast
Feed supplements are ameans 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 trends.
Regional governmentsare 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 6.2% of feed supplements market during the
forecast period 2017-2023.
Downstream Analysis
Based on the type, liquidfeed 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 supplementsmarket size 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 oflivestock, 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.
Regional Analysis
The global feedsupplements 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 cattle feed supplements in this region.
In North America, theU.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.
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