Global Fermented Feed Ingredients Market - 2023-2030

Overview

Global Fermented Feed Ingredients Market reached US$ 8.12 billion in 2022 and is expected to reach US$ 12.94 billion by 2030, growing with a CAGR of 6.0% during the forecast period 2023-2030.

The global fermented feed ingredients market has witnessed significant growth over the years, fermentation feed ingredients are services as protein and energy sources. It also fermentation breaks down complex compounds in feed ingredients, making nutrients more bioavailable to animals, which can help in increasing the productivity of animals.

Furthermore, as the demand for these fermentation feeds is increasing in the poultry industry, manufacturing companies are investing more in these products. For instance, in June 2023, Evonik launched an updated Biolys product for animal feeds. This formulation contains 62.4 percent L-lysine. The product also contains valuable components resulting from its fermentation process, additional nutrients, and energy that further benefit livestock such as swine or poultry.

The amino acids segment holds the largest share in the global market. Similarly, the Asia-Pacific region accounts for the largest share of the global fermented feed ingredients market. The meat production is high in this region, it remains the largest consumer of the global fermented feed ingredients market.

Dynamics

Rising Consumption of Animal Proteins

The demand for animal-based protein is increasing. For instance, according to the Food and Agriculture Organization report of 2022, World meat production is forecast at 360 million tonnes in 2022, up by 1.2 percent from 2021. Hence such increased production rates can help in increasing the demand for fermented feed ingredients market.

Furthermore, as the demand for meat production is increasing, many poultry industries are highly adopting these fermented feeds as they enhance the nutritional profile of feed, also they can be easily digestible by animals. They help in improving digestibility and feed efficiency, better nutrient utilization, and improve animal performance. Hence, such factors can help in increasing market growth.

Rising Awareness about the Benefits Associated with Fermentation Foods

The demand for fermented foods is significantly driving the fermented feed ingredients market, as fermented feed ingredients are primarily used in animal diets to enhance nutritional content, improve digestibility, and promote overall health in livestock. Hence, such factors can help in increasing market growth.

Furthermore, as the demand for these products is increasing, manufacturing companies are launching high-quality products to attract larger consumer bases. For instance, in January 2023, BioZyme company launched AO-Biotics, a line of fermentation products derived from the company's innovative fermentation of Aspergillus oryzae (AO) which promotes resilience. Hence, such products can help in increasing the adoption rate.

High Manufacturing Cost

Establishing and maintaining fermentation facilities with the necessary infrastructure equipment, and storage facilities can be costly, which could limit the growth of the market for smaller consumer bases, hence, the high manufacturing cost can cause declination in the growth of the global fermentation feed ingredients market.

Segment Analysis

The global fermented feed ingredients market is segmented based on ingredients, form, distribution channel, livestock, and region.

Increase in Demand for Effective Animal Nutrition

The amino acids segment accounts for the largest share in the global fermented feed ingredients market, poultry industries are adopting these amino acids in animal feed as they are fundamental components of proteins, sufficient amounts of amino acids for muscle development, and overall growth. Hence, such factors can help in increasing the market growth.

Furthermore, manufacturing companies are highly investing in this product. For instance, in May 2022, METEX NOOVISTAGO, an animal nutrition company launched an inneus for pigs and poultry, these products are solutions based on a synergistic combination of functional amino acids potentialised by specifically selected polyphenols. Hence, such products can help in increasing the market growth.

Geographical Penetration

High Meat Production and Government Initiatives

Asia-Pacific has been a dominant force in the global fermented feed ingredients market and its significance has only grown in the post-2020 era. As the demand for meat production is increasing in this region, farmers and poultry industries are highly adopting fermented feeds as they Enhance digestibility and contribute to better nutrient absorption.

In addition, the consumers in this region are highly adopting animal protein as part of their diet which has increased the demand for meat production, for instance, according to the Department of Agriculture, Fisheries, and Forestry report of 2023, Australia the poultry meat production to be $3.5 billion in 2022-23 and $3.6 billion in 2023-24. Hence, such high production rates can help in increasing the adoption of fermentation feed ingredients.

Additionally, the government in this region also provides schemes to encourage production rates. For instance, the government of India, a National Livestock Mission of the Department of Animal Husbandry and Dairying, provided an Eligible Entitles scheme that enables entrepreneurs, private companies, and others to establishment Animal Feed manufacturing plants and strengthen existing units/plants which includes, Feed supplement/Feed Premixes, Mineral Mixture Plant and Animal Feed Testing Laboratory. Hence, such initiatives can help in increasing the market growth.

Competitive Landscape

The major global players in the market include Balchem Corporation, dsm-firmenich, ADM, BASF SE, Evonik Industries AG, Ajinomoto Co., Inc., Adisseo, Lonza., Alltech., and AngelYeast Co., Ltd.

COVID-19 Impact Analysis

The pandemic has brought unprecedented challenges for industries worldwide in the global fermented feed ingredients market, as many country governments had imposed lockdowns during the COVID-19 pandemic which impacted the production and availability of products in the market, this has affected the global fermentation feed ingredients market.

By Ingredients

• Amino Acids
• Vitamins and Minerals
• Enzymes
• Organic Acids
• Probiotics and Prebiotics
• Carotenoids
• Others

By Form

• Dry
• Liquid

By Distribution Channel

• Online Channel
• Hypermarkets/Supermarkets
• Specialty stores
• Others

By Livestock

• Poultry
• Swine
• Ruminant
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In May 2023, French oilseed and protein group Avril company acquired the Axereal animal nutrition activities, which it then plans to combine with its animal feed unit Sanders.
• In October 2023, Cargill acquired Brazilian-based Integral Animal Nutrition, Under the agreement, Cargill will purchase 100 percent of Integral's assets, including a production plant located in Goianira, Goias, Brazil, a portfolio of products ranging from Free Choice Minerals to premixes, around 100 employees and a net revenue of 80 million reais. The acquisition will help the company further develop its Free Choice Mineral and premix capabilities to better serve its customers across the country's mid-west region.

Why Purchase the Report?

• To visualize the global fermented feed ingredients market segmentation based on ingredients, form, distribution channel, livestock, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of fermented feed ingredients market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global fermented feed ingredients market report would provide approximately 69 tables, 72 figures, and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies