2 July 2019 – The
Global Feed Ingredients Market is
estimated to grow considerably in the coming years owing to high demand for
feed due to high efficiency of feed production segment. Feed ingredients are
the part of any mixture or combination added to the feed. They may include
milling by-products, grains, minerals, added vitamins, oils/fats, and other
energy sources and nutrition. Feed ingredients are made from animal and plant
by-products are only consumed by the animals.
Feed ingredients market is categorized on the basis of
product type, livestock, and geography. Based on product type, market is
divided into soy meal, oil seed, copra palm meal, rapeseed/canola meal, cotton
seed meal, sunflower meal, fish meal, other oil seed meal, and animal by
product. Animal by product can be further divided into poultry meal, meat &
bone meals, feather meal, and meat meal. Sunflower meal segment is predicted to
grow significantly in the coming years, since it is a high protein meal and is
an ideal substitute for fish meal.
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Geographically, market is segmented as North America, Latin
America, Europe, Asia Pacific, and Middle East & Africa. North America
accounted for the largest share of the market due to increased production of
soy bean and growing investment in technological advancements for soy meal
extraction. This is majorly contributing to the growth of the market in the
region. Further, Asia Pacific and Europe also lead the market in the near
future.
The major players in feed ingredients market include
Alltech, Evonik Industries, ADM, Charoen Popkhand, AB Vista, Chr. Hansen, Novus
International, Ballance Agri-Nutrients, Addcon Group, Adisseo, ABF, Royal DSM,
BASF, Cargill, Nutreco, De Hues, Ewos Group, DeKalb Feeds, Danisco, Kyodo
Shiryo, Kemin Industries, Kent Feeds, Land O Lakes Purina, Novozymes, New Hope
Group, Wen's Group, Weston Milling Animal Nutrition, SKM Animal Feeds &
Foods, and Venky's.
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