Global Poultry Feed Preservatives Market, By Type (Feed Acidifiers, Mold Inhibitors, Feed Antioxidants, Anticaking Agents), Feed Type (Compound Feed, Feed Premix, Feed Meal, Silage, Other Feed Types) – Industry Trends and Forecast to 2029
Market Analysis and Size
Farmers feed poultry birds such as ducks, turkeys, chickens, geese, and other domestic birds with poultry feed. Modern feed is made by careful selection and mixing of ingredients to make a highly nutritious diet that maintains poultry birds' health while also boosting the quality of end products like meat and eggs. The primary elements required by poultry birds for development, reproduction, maintenance, and health are minerals, vitamins, carbohydrates, proteins, and water.
Data Bridge Market Research analyses that the poultry feed preservatives market was valued at USD 111.2 billion in 2021 and is expected to reach the value of USD 228.16 billion by 2029, at a CAGR of 9.40% during the forecast period 0f 2022 to 2029. The market is expanding due to growing concerns about animal health.
Market Definition
Food preservation relies heavily on preservatives. Preserves for feed are used in animal feedstuffs to prevent damage to the feed and to increase its preservability. Antioxidants and preservatives, particularly in feeds, are required to avoid the oxygenation of animal oils and fats. They are also needed in dry feeds.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Feed Acidifiers, Mold Inhibitors, Feed Antioxidants, Anticaking Agents), Feed Type (Compound Feed, Feed Premix, Feed Meal, Silage, Other Feed Types),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Dow (U.S), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S), Alltech (U.S), Associated British Foods plc (U.K), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S)
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Opportunities
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Poultry Feed Preservatives Market Dynamics
Drivers
- Rising usage of feed preservatives
Rising feed preservative usage to increase the nutritional content of the animal feed, changing consumer eating habits and growing population, growing preferences for animal-based protein consumption, and growth of the livestock industry are some of the factors that will likely boost the development of the poultry feed preservatives market during the forecast period
- Rising awareness for food safety
Rising awareness of food safety and animal health will also act as a growth driver for the market, as will rising demand for animal protein, an increase in the animal population, and the remarkable benefits of feed preservatives.
Furthermore, due to rising incomes, changing lifestyles, and increased health consciousness, there has been a shift in dietary habits, with consumers decreasing the number of carbohydrates in their diets and increasing the protein content. This has boosted global demand for meat, seafood, milk, and eggs. Other factors driving the feed additives market include the industrialization of meat production, a growing emphasis on livestock disease prevention, rising concerns about the quality of livestock products, etc.
Opportunity
The development of advanced and innovative products and the expansion of the aqua feed and poultry sectors will provide additional opportunities for the growth of the poultry feed preservatives market during the forecast period.
Restraints
Low-profit margins, combined with excessive consumption, which causes harmful side effects, are acting as market restraints for the growth of poultry feed preservatives during the forecast period.
This poultry feed preservatives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the poultry feed preservatives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Poultry Feed Preservatives Market
The COVID-19 pandemic and the restrictions aimed at containing it caused the shutdown of poultry feed companies around the world in the early stages, resulting in a feed shortage for livestock farmers. As a result, the initial COVID-19 lockdown caused disruptions in the logistics system, affecting the supply of poultry feed globally. However, the poultry feed market expanded later in the cycle as a result of exemptions from lockdown restrictions and an growth in poultry meat consumption.
Recent Development
- Cargill launched a feeding intelligence platform in October 2019 to provide farmers with resources on the most recent intelligent animal production practices to assist farmers in navigating and improving their operations across all species, including poultry animals.
- In May 2018, ForFarmers introduced APOLLO, a new broiler feed brand, to broiler producers in the United Kingdom and northwest Europe. The new feed line was designed to help modern broiler birds grow and stay healthy.
Global Poultry Feed Preservatives Market Scope
The poultry feed preservatives market is segmented on the basis of type, and feed type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Feed acidifiers
- Mould inhibitors
- Feed antioxidants
- Anticaking agents
On the basis of type, the poultry feed preservatives market is segmented into feed acidifiers, mold inhibitors, feed antioxidants, and anticaking agents. Feed acidifiers have been further segmented into propionic acid, formic acid, lactic acid, sorbic acid, and other acidifiers. Mold inhibitors have been further segmented into propionates, benzoates, and natamycin. Feed antioxidants have been further segmented into BHA, BHT, and ethoxyquin.
Feed type
- Compound feed
- Feed premix
- Feed meal
- Silage
- Other
Based on feed type, the poultry feed preservatives market is segmented into compound feed, feed premix, feed meal, silage, and other feed types. Other feed types have been further segmented into mixed feed and feed raw materials.
Poultry Feed preservatives Market Regional Analysis/Insights
The poultry feed preservatives market is analyzed and market size insights and trends are provided by country, type, and feed type as referenced above.
The countries covered in the poultry feed preservatives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
In terms of region, Asia-Pacific was the major market for poultry feed, owing to population growth and the increasing demand for food to meet the needs of the growing population. Furthermore, an increase in government initiatives to boost meat production to meet rising demand in the region is expected to drive market growth. Food and Agriculture Organization (FAO), stated that annual meat consumption in China is expected to increase from 50 kilogrammes per capita today to 70 kilograms per capita by 2030. Furthermore, rising disposable income and increased urbanisation in the region are likely to be the primary market drivers.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Poultry Feed Preservatives Market Share Analysis
The poultry feed preservatives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to poultry feed preservatives market.
Some of the major players operating in the poultry feed preservatives markets are:
- Dow (U.S)
- BASF SE (Germany)
- Chr. Hansen Holding A/S (Denmark)
- DSM (Netherlands)
- DuPont (U.S)
- Evonik Industries AG (Germany)
- NOVUS INTERNATIONAL (U.S)
- Alltech (U.S)
- Associated British Foods plc (U.K)
- Charoen Pokphand Foods PCL (Thailand)
- Cargill, Incorporated (U.S)
- Nutreco (Netherlands)
- ForFarmers. (Netherlands)
- De Heus Animal Nutrition (Netherlands)
- Land O'Lakes (U.S)
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