Increasing demand for healthy animal protein is expected to drive Global Fermented Feed Ingredients Market in the forecast period, 2024-2028. According to the TechSci Research report, “Fermented Feed IngredientsMarket – 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 feed effectiveness and lower feed costs, along with the growing awareness regarding the benefits of naturally fermented feed.
The Important Aspects of the Fermented Feed Ingredients Market
Additionally, Increasing demand for use of antibiotics at the farm level and increasing improvement of nutrition solutions and specific micro ingredients will propel the market growth. The rising awareness among governments about the need to increase livestock production and increasing concerns over global food security and sustainability are the major factors, which are further expected to increase the demand for the fermented feeds 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, the low quality of raw materials, high cost of ingredients, and health risks 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 ingredients, form, animal type, and by region.
Based on Ingredients, the global fermented feed ingredients market can be segmented intoAmino Acids, Vitamins & Minerals, Organic acids, Probiotics & Prebiotics, and 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 the fermented feed ingredient market. The increasing demand for fed vitamins to poultry animals is anticipated to lead to advancements in the 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 the 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 the 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 the global fermented feed ingredients market.
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