The major driving forces behind the animal feed and feed additives market is the worldwide increase, in the consumption of meat. Other driving factors that fuel the growth of the animal feed and feed additives market is the increasing demand for low price meat, accompanied with high nutritional value. The industrialization of the livestock industry, increasing awareness about quality of food, and threat of diseases in the livestock are some of the other drivers of the global animal feed and feed additives market.
Animal feed additives are a vital component for the growing meat production sector. Animal feed and feed additives are mixed with simple feed to convey nutrition and improve the overall growth of the animal. Feed additives provide benefits, such as improved weight, enhanced feed digestion, and prevention from various diseases. Animal feed additives are substances that are used for improving animal health. The feed additives are incorporated in varying doses and various forms, depending on the animal’s breed and species.
The farm animals which aren’t able to collect enough nutrients from regular meals are fed with feed elements. The nutrients that farmers feed to cattle are amino acids, vitamins, fatty acids, and minerals. The feed elements are given to the farm animals for their proper growth and nourishment. The nutritional value of the animal feeds, are influenced by hygiene, effect on intestinal health, nutrient content, presentation, and digestibility. Most of the diet of farm animals includes wheat, maize and soybean, due to high costs of quality feed.
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Some of the major competitors in the global animal feed and feed additives market are Elanco, Novozymes, Kemin Industries Inc, Novus International, Cargill Inc. , ADDCON, BASF SE, Adisseo, Biomin GmbH., Koninklijke DSM N.V., Novus International Inc., and Nutreco N.V.
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