April 20, 2021

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Antibiotic Alternatives Stimulate New Product Development in Global Animal Feed Ingredient Market

For further information on Global Animal Feed Ingredient Market Powered by Antibiotic Alternatives and Vertical Integration, please visit: http://frost.ly/5fc

“Amino acids dominate the global industry and are expected to remain in the top position, generating revenues of $11.5 billion by 2026. The ever-growing demand for high-quality meat has forced livestock farmers to also fortify animal feed with vitamins, organic acids, enzymes, and probiotics. The effort to ensure high-quality protein concentration intensifies each year,” said Nimisha Dhomne, Chemicals, Materials and Nutrition Research Analyst at Frost & Sullivan. “As farmers gradually reduce and discontinue the use of antibiotic growth promoters, the rising demand for its alternatives creates new revenue streams for manufacturers in this space.”

Dhomne added: “North America holds the highest position in meat consumption per capita, but Asia-Pacific is expected to dominate the animal feed ingredient market, mainly due to the region’s high population, increasing per-capita disposable income, growing per-capita meat consumption, and constant change in regulatory frameworks against the use of antibiotic growth promoters. Europe, on the other hand, is projected to witness a decline in meat consumption per capita due to changing dietary patterns, social concerns for animal welfare, and shifting interest toward processed and lab-grown meat.”

To leverage the growth opportunities presented by the changing landscape, feed ingredient manufacturers should:

  • Focus on developing novel solutions by investing in research and development (R&D) to create more potent bacterial strains and novel delivery mechanisms to enhance their efficacy in animals as probiotics hold considerable potential as an alternative for antibiotics.
  • Expand production capacities to meet potential demand by establishing strategic partnerships with researchers, suppliers, and logistic companies.
  • Establish a strong foundation in domestic production with high product line diversity to remain resilient against adversities in geographic disruptions, biosecurity threats, and more.
  • Invest in innovative technologies to produce feed ingredients at a lower cost and with less reliance on imports.

Global Animal Feed Ingredient Market Powered by Antibiotic Alternatives and Vertical Integration is the latest addition to Frost & Sullivan’s Chemicals, Materials and Nutrition research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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Global Animal Feed Ingredient Market Powered by Antibiotic Alternatives and Vertical Integration

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SOURCE Frost & Sullivan