About Feed Ingredient
The feed ingredient is a component part or constituent or any combination/mixture added to and comprising the feed to improve the quality of the feed. It may involve cereal grains, protein meals, fats and oils, minerals, feed additives, miscellaneous raw material such as roots and tubers and other nutritional and energy sources.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
It has been witnessed that most the major players are entered into the market with latest technology that defines from in-depth research and development practices within their product lines.For Instance, Firestone Ag launched advanced radial implemented tires with advanced deflection design technology that offers less soil compaction, uniform contact area and increased stubble resistance. It also exhibits tread pattern with bitting edges that raising the traction in wet environment conditions compared to other traditional rib implements tires. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Feed Ingredient market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), ADM Animal Nutrition (United States), COFCO Group (China), Bunge Limited (United States), Louis Dreyfus Company (Netherlands), Wilmar International (Singapore), Beidahuang Group (China), Ingredion Incorporated (United States), DowDuPont (United States) and Evonik (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are BASF (Germany), DSM (Netherlands), Solvay (Belgium) and Alltech (United States).
Segmentation Overview
AMA Research has segmented the market of Global Feed Ingredient market by Type (Vitamins, Fats and Oils, Proteins and Others), Application (Chickens, Pigs, Cattle, Fish and Other) and Region.
On the basis of geography, the market of Feed Ingredient has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Source, the sub-segment i.e. Synthetic will boost the Feed Ingredient market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Organic Feed Products
Market Growth Drivers:
Growing Awareness about Feed Quality and Animal Health, Increasing Animal Meat Consumption and Rising Demand for Animal Nutritional Supplements
Challenges:
Stringent Regulatory Framework
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Investments in Research and Developments and Growth in Feed Production
Market Leaders and their expansionary development strategies
In September 2023, Terragut will be launched during the exhibition SPACE 2023 in Rennes, France. Terragut is an EFSA-registered feed additive and an innovative and proven solution for weaned piglets to support them through the first phase of weaning. Terragut consists of two natural minerals, based on a co-product of green energy production.
In January 2023, BASF and Cargill signed agreement. Together, the two companies are committed to bringing innovative enzyme-based solutions to the market, generating distinctive value for animal feed customers. By combining the enzyme research and development strengths of BASF with Cargill’s know-how in application and broad market reach, the partners will form
According to U.S. Food and Drug Administration, legally, under the Federal Food, Drug, and Cosmetic Act (FD&C Act) any substance added to or expected to become a component of animal food, either directly or indirectly, must be used in accordance with a food additive regulation unless it is Generally Recognized as Safe for that use (GRAS).
Key Target Audience
Feed Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.