Dublin, July 12, 2023 (GLOBE NEWSWIRE) -- The "Fermented Feed Ingredients Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented by Ingredient, By Form, By Animal Type, By Region and Competition" report has been added to ResearchAndMarkets.com's offering.
The Global Fermented Feed Ingredients Market is anticipated to witness a steady CAGR growth in the forecast period, 2024-2028
This can be ascribed to increasing public concern about animal health, increasing demand for animal proteins, and increasing awareness about the nutritional benefits and technological advancements in the fermented feed sector. Increasing concern about the use of antimicrobials has propelled the application of nutrigenomics and fermentation techniques of animal feed solutions.
Fermented feed ingredients help to increase the nutritional value of those that have a specific nutritional deficiency in animals such as poultry animals with increasing overall improvement. In 2020, the Protein consumption rate from meat products increased by 26% after the COVID-19 outbreak in the United States, and from other animals 24% in the United States.
Growing Usage of Fermented products for Feeding Poultry Animals
An increase in the preference for non-vegan food has led to an increase in the demand for poultry, especially chicken. This is likely to be a major driver for the poultry feed market. Another factor responsible for the growth of the fermented feed market is an increase in the overall intake of proteins to enhance nutrition with cost savings.
Moreover, fermented feed helps increase the feed quality & nutritional value of products, increases the egg weight of birds, improves their digestibility, and strengthens their immune system, which ultimately boosts their ability to resist diseases and bacterial infection.
The swine sector accounted for a significant share of the global market, owing to the increasing demand for pork, from both domestic as well as international consumers. Swine are more susceptible to various diseases because they cannot produce their natural immunity like humans can through vaccination; therefore, improving their immunity levels is important so that they do not get affected by any disease during their incubation period.
Increasing Concern About Animal Health Problems
The increasing concern over the use of antimicrobials has further driven the application of nutrigenomics and fermentation techniques for animal feed solutions.
Fermented feed ingredients help in addressing specific nutritional deficiencies in animals, along with the improvement in overall performance. The cost-effectiveness of the feed ingredients produced through fermentation technology is gradually driving the degree of acceptance amongst farmers.
With increasing awareness about the nutritional benefits and technological advancement, the demand for fermented feed ingredients is expected to rise globally in the coming future. Feed production is increased across the globe in 2021, by dairy at 10.76%, by beef at 9.35%, by pets at 2.76%, and by broilers at 28.47%.
Growing Demand for Consumption of Animal Proteins
Increasing consumption and production of proteins derived from animals have more significant environmental and health impacts than proteins produced by plants.
Especially in develop countries, increasing concern mainly for the consumption of animal proteins over vegetables due to growing income is further expected to drive the growth of the market during the forecast period. Animal protein consumption, especially meat consumption, seems to start to increase a high level of income which is suggested that economic problem solves.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Fermented Feed Ingredients Market.
- BASF SE
- Balchem Inc.
- Cargill, Inc.
- Chr. Hansen A/S
- AB Vista
- Archer Daniels Midland Company
- Ajinomoto Co. Inc.
- Angel Yeast Co., Ltd.
- CJ Corp.
- Fermented Nutrition Corporation
Report Scope:
Fermented Feed Ingredients Market, By Ingredient:
- Amino Acids
- Vitamins & Minerals
- Organic Acid
- Probiotics & Prebiotics
- Others
Fermented Feed Ingredients Market, By Form:
- Liquid
- Dry
Fermented Feed Ingredients Market, By Animal Type:
- Poultry
- Swine
- Ruminant
- Aquatic
- Others
Fermented Feed Ingredients Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- Turkey
- Egypt
For more information about this report visit https://www.researchandmarkets.com/r/e0qmxm
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