Growth opportunities and latent adjacency in Feed Preservatives Market

Posted on 2020-02-26 by MarketsandMarkets in Agriculture, Financial, Industrial, Marketing, Media // 0 Comments

Chicago, Country, 2020-Feb-26 — /EPR Network/ —

With the growing awareness about customized formulations and feed management practices to reduce production costs and improve livestock health, meat processors and livestock farmers have been investing in nutrient-rich and high quality feed products. With the development of regulatory requirements on exported meat products, the need to maintain the meat quality throughout the value chain from the farm level has been a priority among the meat producers. As a result of these developments, there has been an increase in the need to import or store the feed for a period of time to limit the risks on fluctuating prices.

The feed preservatives market is projected to reach USD 3.57 Billion by 2022, at a CAGR of 9.2% from 2016 to 2022.

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Companies have been expanding their global presence through expansions and mergers & acquisitions to enhance their operational and technological capabilities in the feed preservatives market. Players such as Biomin Holding GmbH (Austria), Kemin Industries, Inc. (U.S.), Alltech, Inc. (U.S.), and Nutreco N.V. (Netherlands) have been adopting these strategies to develop their presence in this high-growth market. The key players in this market have been developing a range of innovative products to target specific animal needs. Thus, the usage of feed acidifiers is witnessed to have gained more global importance and acceptance among customers.

Nutreco N.V. (Netherlands) focused on acquiring companies in the Latin American and Asia-Pacific regions. Though these companies were acquired four years earlier, these acquisitions significantly helped the company to promote their feed products for the cattle and poultry sectors in these regions. With their flagship brands such as Selko and Fysal for feed acidifiers and mold inhibitors, the company has been able to maintain strong presence in the global feed preservatives market. Nutreco N.V. has been horizontally integrating companies such as ruminant feed supplement manufacturer Bellman Nutrição Animal Ltd (Brazil) in 2012 and aqua feed manufacturer Zhuhai Shihai Feed Co. Ltd. (China) in 2011.

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Alltech, Inc. (U.S.) has been providing strong value proposition in enhancing their feed products through investments on research & development and acquisitions. The company has been a strong pioneer in innovation through brands such as Integral (anticaking agents) which is used to maintain the quality of the feed during silo storage. Alltech acquired animal nutrition businesses such as Coppens International (Netherlands) and Ridley, Inc. (U.S.) in 2016 and 2015, respectively to deliver product value as well as gain market share.

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