Growing Meat and Dairy Product Industries to Drive the Feed Amino Acids Market in the Coming Years

Northbrook, IL, USA, 2019-Nov-4 — /EPR Network/ —

The feed amino acids market is estimated to be valued at USD 5.37 Billion in 2017. It is projected to grow at a CAGR of 4.4% from 2017, to reach a projected value of USD 6.66 Billion by 2022. Feed amino acid products have become prominent in recent years, owing to the growing awareness among the consumers regarding the impact of quality feed provided to the livestock on animal-based products such as meat and dairy products.

How is the prevalence of bovine spongiform encephalopathy (BSE) presenting growth opportunities for manufacturers in the feed amino acids market?

Traditionally, bone & meat meals were used in feed to provide minerals, proteins, vitamins, and energy. Ruminant’s remains were also fed to cattle that contain a protein named prion. It was found to be the root cause of bovine spongiform encephalopathy (BSE), also known as mad cow disease. The major symptoms of the disease were change in the behavior, aggression toward others, head held low, loss of milk yield, and nervousness. It can be easily transmitted to human beings by the intake of contaminated carcasses. Generally, cattle suffering from this disease lose coordination of their legs and body movement. BSE was first suspected in the UK in 1986, followed by North America, Asia, and Europe. Europe in the nineties was struggling with BSE, which paralyzed the animal industry.

In 1997, the FDA prohibited the usage of mammalian protein in feed given to ruminants due to the tougher hygiene requirement. This forced the dairy farmers to limit the usage of animal protein, such as blood meal in feed, which accelerated the usage of amino acids in ruminant feed. In several countries, food safety laws are implemented to regain consumer trust in the supply chain. Thus, feed amino acids have a good opportunity of becoming an ideal replacement for bone and meat meal.

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How the need for efficient feed and livestock chain is posing challenges for manufacturers in the feed amino acids market?

The global feed industry is focusing on enhancing feed efficiency by improving the feed conversion rates for all major livestock and farmed fish species. The feed and livestock industries can achieve sustainability by developing a harmonized environmental footprint methodology, based on the “life-cycle analysis,” involving the entire chain. The development of common metrics can also help to calculate a broader range of resource efficiency indicators. Efficient usage of feed ingredients can support the reduction of the environmental impact of livestock farming through resource-efficient feed production. Use of co-products from other processing industries can reduce the pressure on land-grown crops.

Requirements of an efficient feed and livestock chain are as follows:

• Access to safe and cost-effective feed and services
• Clear and transparent legislative framework
• Improved image (animal welfare, quality, and safety of animal products)
• Innovating approaches to mitigate the environmental impact of production systems
• Continuously improving working conditions
• Bringing innovative science to the marketplace

Global organizations, such as the International Feed Industry Federation (IFIF), have developed a number of strategic initiatives to measure and benchmark the environmental performance of the livestock production chain.

The Asia Pacific region is projected to be the fastest-growing market for feed amino acids between 2017 and 2022. The driving factors for this market are the continuous modernization of animal production techniques and the growing awareness among consumers regarding the impact of quality feed provided to the livestock on animal-based products such as meat and dairy products.

Companies such as ADM (US), Sumitomo (Japan), Evonik (Germany), CJ CheilJedang (South Korea), Ajinomoto Co., Inc. (Tokyo), and Adisseo (China) are the major manufacturers in the feed amino acids market. Apart from these companies, Phibro (US), Meihua Holdings (China), Kemin (US), Novus (US), Global Bio-Chem (Hong Kong), and Sunrise Nutrachem (China) are also prominent manufacturers in the feed amino acids market. These major players offer a wide variety of amino acids which are suitable for almost all types of livestock.

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The key players adopted strategies such as expansions, new product launches, acquisitions, agreements, and partnerships to increase their market presence and revenue generation. The global players have established large distribution networks across the world and follow extensive cross-selling marketing strategies. These key players mainly focus on strengthening their market presence by establishing new production and distribution facilities in untapped and potential markets. The trend of using feed amino acids to increase the feed conversion ratio in livestock, subsequently resulting in an increased production of animal-based products, has increased the competitive rivalry among players.

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