The increasing demand for animal protein across the globe has propelled the need for sustainable feed production systems. Moreover, there is an increased concern over the improvement of animal health and introduction of safety and transparency across the feed supply chain. In regions such as North America and Europe, the feed industry is well-organized and exhibits a stable growth. However, the feed industry in the Asia-Pacific, South America and Africa region is anticipated to display huge growth prospects supported by a strong population growth and rising incomes. As a result of these demographic changes across the globe, the feed industry has undergone massive structural changes. Players operating in the feed sector are striving to improve the nutritional profile for safe and high-quality animal products. Additionally, owing to the increasing need to reduce the use of antibiotics at the farm level, companies are actively expanding their offerings with advanced nutrition solutions and specific micro-ingredients.
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Apart from enhancing the nutrient content of the feed, improvement in the feed conversion ratio is another important issue that is being targeted by the companies. Feed represents majority of the production cost for animals. Livestock producers across the globe have gradually implemented cost-effective solutions to achieve proper feed utilization and reduce the operational costs. Fermented ingredients for animal feed are gradually gaining high popularity among the farmers, enabling them to reduce production costs and enhance nutrient availability. By using fermentation-based ingredients for animal feed, the nutritional value of feed ingredients is significantly enhanced. The fermented feed ingredient market is expected to progress at a healthy rate in the future, supported by the gradually growing affinity for safe and healthy feeding solutions.
However, some challenges alsoprove to be a restraint in the growth of the market. Stringent regulatory landscape involved during the registration and approval of products play an important role in hindering the adoption of fermentation technology by various small-scale players. Moreover, small- and medium-sized players in the feed industry are hesitant in introducing fermented feed ingredients due to the high initial set-up costs associated with the same.
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Some of the most prominent players in the fermented feed ingredients market include Koninklijke DSM N.V., Archer Daniels Midland Company, BASF SE, Evonik Industries AG, Ajinomoto Inc., Bluestar Adisseo Company, Chr. Hansen A/S, Cargill Inc., Novozymes A/S, Nutreco, Novus International, Lonza Group AG, and Kerry Group. The competitive landscape for the fermented feed ingredient market demonstrates an inclination toward companies adopting strategies such as mergers and acquisitions as well as business expansions. Industry leaders in this market are opting for this strategy to maintain their market position and prevent new entrants from expanding their operations in the market. For instance, in August 2018, Balchem Inc. acquired Bioscreen Technologies to add Bioscreen’s fermented animal nutrition product line to their business line. Key companies in the market have also adopted certain business expansion strategies by entering new markets. Archer Daniels Midland Company is currently aiming towards widening their market presence by expanding into other regional and business segments. While other companies such as Evonik Industries AG and Novus International signed significant number of business expansion and contracts in the market.
The major established players in the market are also focusing on product launches and developments to introduce new technologies or developing further on the existing product portfolio. Key players operating in this market have ramped up their product launch activities over the recent years, in order to generate public awareness about their existing and new products and technologies and compete with the competitors’ product portfolio. For instance, in July 2018 and August 2018, BASF SE launched two animal nutrition feed ingredients, carotenoid Lucantin NXT, and organic acid-based silage additive Lupro-cid NA to enhance feed quality for livestock.
Fermented Food and Ingredients Market,’ published by Emergen Research, provides the reader with a comprehensive view of the global Fermented Food and Ingredients industry, acquainting them with the latest market trends, industry insights, and market share.
The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Fermented Food and Ingredients marketTo get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/fermented-food-and-ingredients-marketFermented Food and Ingredients market Solution Insight:On the basis of food type, the fermented beverages sub-segment accounted for nearly 38.2% of the fermented food & ingredients market share in 2019.
The segmental growth is projected to be driven by increasing consumption of beverages such as beer, requiring fermented ingredients for production.The report offers a comprehensive analysis of the competitive landscape of the market through extensive profiling of the key competitors.
The section on the competitive analysis covers product portfolio, company overview, production and manufacturing capacity, financial standing, revenue and gross profit margins, and market position.
It also sheds light on the mergers and acquisitions, joint ventures, collaborations, and partnerships occurring in the market.Key players operating in the global fermented food and ingredients market include Dupont De Nemours and Company, Incorporated, Cargill, Angel Yeast Co. Limited, Lonza, BASF SE, Archer Daniels Midland Company, Danone, Evonik Industries, Koninklijke DSM N.V., and CHR.
Hansen A/S among others.The market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period of 2020-2027.
