Latest Developments in Global Animal Feed Micronutrients Market

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Latest Developments in Global Animal Feed Micronutrients Market

  • Food & Beverage
  • Jul 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • In June 2023, Evonik Industries AG introduced an upgraded version of Biolys®, its flagship lysine source for livestock feeds. The new formulation features 62.4% L-lysine, up from the previous 60%, offering improved nutritional efficiency. Produced via fermentation, Biolys® also contains valuable biomass components that deliver added nutrients and energy—particularly beneficial for swine and poultry. This enhancement supports more precise amino acid balancing in feed, helping farmers reduce feed costs and environmental impact while promoting animal growth and health
  • In April 2022, Marel announced the acquisition of Wenger Manufacturing LLC, a U.S.-based leader in extrusion and drying technologies for pet food, aquaculture feed, and plant-based proteins. Valued at USD 540 million, this strategic move marked Marel’s entry into a fourth business segment—complementing its existing poultry, meat, and fish operations. The acquisition enhances Marel’s processing capabilities and positions it to capitalize on high-growth markets in sustainable food and feed production. Wenger’s expertise and strong customer base provide Marel with a robust platform to expand its global reach and innovation in animal feed micronutrients
  • In March 2022, Jiangxi Zhengbang Group sold eight of its animal feed subsidiaries to Beijing Dabeinong Technology Group in a deal valued between CNY 2 billion and 2.5 billion (approximately USD 317 million to 396 million). The transaction included full ownership of three companies and majority stakes in five others, primarily located in Yunnan and Guizhou provinces. This strategic divestment was aimed at streamlining Zhengbang’s operations amid financial challenges and refocusing on core business areas. For Dabeinong, the acquisition bolstered its presence in the feed industry and supported its ambition to expand market share in the region
  • In October 2021, Cargill Inc. and BASF SE deepened their strategic partnership in the animal nutrition sector by expanding their feed enzyme distribution agreements. This collaboration moved beyond distribution to include joint development, production, and marketing of enzyme-based solutions, with a particular focus on swine-specific applications. By combining BASF’s enzyme innovation and Cargill’s market reach, the partnership aims to deliver customer-centric products that enhance nutrient absorption, reduce environmental impact, and improve animal growth and wellbeing. The initiative reflects both companies’ commitment to sustainable agriculture and performance-driven nutrition
  • In September 2020, Kemin Industries and Micronutrients USA joined forces to launch IntelliBond® VITAL 5 Cr, the world’s first nutrition package delivering six essential trace minerals—zinc, manganese, copper, cobalt, iodine, and chromium—for dairy and beef cattle. This innovative blend combines Micronutrients’ IntelliBond® trace minerals with Kemin’s KemTRACE® Chromium, the first FDA-approved source of chromium propionate. Designed to support animal health, performance, and feed efficiency, the product addresses rising concerns over feed ingredient quality and aligns with industry demands for safe, U.S.-sourced nutritional solutions