Latest 2021 Update on Specialty Feed Additives – Industry Insights, Trends, Demand, Strategies, Growth Opportunities by 2028

Specialty feed additives are certain ingredients added to animal feed in small quantities to enhance its taste, flavor, nutritional value, and shelf life. These feed additives play a vital role in providing proper nutrition to livestock animals and ensure their physical well-being. Additives such as flavor enhancers improve the palatability of feed and stimulate the appetite of animals. Thus, these ingredients ensure optimum animal feeding and fulfill the dietary requirements of livestock. Moreover, the specialty feed additives improve the quality of feed and prevent it from deterioration ensuring feed safety.

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Rising consumption of meat and dairy products and rising quality expectations of consumers across the globe are the crucial factors driving the market growth. Moreover, rising concerns about animal health and nutrition and growing popularity of specialty feed additives owing to their advantages in improving feed palatability are also some of the key factors anticipated to proliferate the market growth over the forecast period. Furthermore, growing number of livestock producers and rising awareness about benefits of specialty feed additives amongst the livestock producers are also expected to contribute to the market growth in the forthcoming years.

Top Key Players of Specialty Feed Additives

  •   BASF SE
  •   Evonik Industries
  •   Novozymes A/S
  •   Cargill, Incorporated.
  •   Nutreco N.V.
  •   Alltech Inc.
  •   Kemin Industries, Inc.
  •   Brookside Agra
  •   Biomin Holding GmbH
  •   Novus International

The global specialty feed additives is segmented into type, form, and livestock. By type, the specialty feed additives is bifurcated into flavors & sweeteners, acidifiers, antioxidants, vitamins & minerals, amino acids, enzymes, and others. By form, the specialty feed additives is bifurcated into dry and liquid. By livestock, the specialty feed additives market is bifurcated into poultry, ruminants, swine, aquaculture, and others.

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