Growth For Specialty Feed Additives Business
The market for specialty feed additives is expected to reach US$11.12 billion by 2022, with a CAGR of 5.43% in 2016.
This is according to the research report “The market for specialty feed additives by type (flavors and sweeteners, minerals, binders, vitamins, acidifiers, antioxidants), livestock (pigs, ruminants, poultry, aquatic animals), Features, Forms and Regions - Global Forecastand to 2022", published by MarketsandMarkets.
The fastest growing in Asia Pacific
As the per capita income of consumers in emerging countries such as India and the Asia Pacific region has increased, the demand for specialty feed additives has been driven by increased consumption of meat and other animal products. Demand for specialty feed additives in the region has been driven by population growth, increased disposable income, accelerated urbanization and increased demand for quality meat products.What’s more ,among the specialty feed additive types, the Acidifier is expected to grow fastest from 2016 to 2022. At present, Acidifiers are increasingly popular in modern poultry farming to treat diseases such as ascites triggered by different microorganisms. E. coli and Salmonella). Depending on the needs of livestock and their effects on animals, various acidifiers and feeds are mixed in different amounts.
Palatability enhancers and liquid segment
The addition of flavors and sweeteners helps increase the palatability of the feed, which in turn leads to increased animal feed intake and results in better performance. Therefore, palatability enhancers are gaining important status in the specialty feed additive market. Liquid forms are preferred for specialty feed additives due to ease of handling and mixing with animal feeds. Liquid additives are excellent carriers for feed and nutrient-rich.They are also convenient and cost-effective compared to the dry form. Besides,they make feed very palatable and increase animal consumption, which helps reduce feed wastage and labor demand in other words .