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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