Global Feed Technology Market – Industry Trends and Forecast to 2029

Global Feed Technology Market, By Ingredients and Additives (Amino Acids, Phosphates, Vitamins and Minerals, Phytogenics, Probiotics, Commodity Ingredients, Others), Processing Method (Physical Method, Chemical Method, Biological Method), Application (Poultry, Swine, Agriculture), Distribution Channel (Direct, Indirect) – Industry Trends and Forecast to 2029.

Feed Technology Market Analysis and Size

Owing to the growing concerns about animal nutrition, the animal feed industry has grown tremendously over the years. As different animal types have different nutritional needs, feeds often differ from one another. Nutritional feedstuff is one of the most important aspects for an animals overall health. As a result, the global feed technology market is expected to grow at a rapid pace during the forecast period of 2022-2039.

Data Bridge Market Research analyses that the feed technology market which was valued at USD 1.80 billion and is expected to reach the value of USD 2.13 billion by 2029 growing at a CAGR of 9.40% during the forecast period.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Feed Technology Market Scope and Segmentation

Market Definition

The use of physical, chemical, biochemical, biological, and engineering techniques to improve feed and fodder nutrient utilisation is known as feed technology. These technologies provide different nutritional benefits to the animals depending on their type; some are digestive, some are nutritional enzymes, and some promote growth.

Global Feed Technology Market Dynamics

Drivers

• Growing need for sustainable livestock production

The growth of the feed technology market is being driven by an increase in awareness about feed technology for sustainable livestock production. The feed technology market is also expected to expand due to increased awareness about livestock nutrition. Furthermore, increased consumption of meat and other livestock-based products, high levels of disposable income, upgrading of the livestock industry, and rapid increase in the consumption of phytogenics in livestock feed to improve feed lusciousness and livestock performance are all driving market growth. Furthermore, as a result of COVID-19, feed manufacturers and producers are becoming more aware of techniques and strategies for dealing with the situation, which is expected to lead to an increase in demand for feed technology, accelerating the growth of the industry.

• Increase in consumption of animal based products

The prevalence of improved meat quality as well as improved animal health to raise the consumption of animal-based food products, increasing demand for naturally produced feed and feed additives, and provision of cost-effective feed such as ruminants, poultry, swine, and others will likely boost the growth of the feed technology market during the forecast period.

The increased demand for feed ingredients in the pharmaceutical industry to synthesise intermediates in active pharmaceutical ingredient (API) production for effective medications is expected to drive the feed technology market forward. Similarly, the ability of an enzyme to convert complex molecules to simpler molecules (starch to glucose) in food and beverage companies, removal of fats and oil stains in the detergent industry, bioethanol for biofuel production, and improved bleaching properties in the paper and pulp industries are expected to drive feed technology demand in the coming years.

Opportunity

• Advanced techniques

To meet the growing demand for higher quality and quantity of milk and dairy products, livestock producers are increasingly employing advanced animal feeding techniques. This is expected to fuel demand for livestock monitoring products and technologies. As advanced livestock monitoring technologies are now available, developed countries are expected to continue to account for a larger share of demand than developing countries. However, with the increasing adoption of advanced technologies, the livestock monitoring markets in developing countries are expected to grow faster than developed markets.

Restraints

• Supply chains

However, the impact on feed production and the supply chain will stifle market growth. The impact on demand for dairy, meat, and animal products is expected to stymie feed technology growth.

This feed technology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the feed technology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Feed Technology Market

The feed technology market is expected to benefit from the COVID-19 crisis. This is due to an increase in demand for enzymes in nutritional and immunity-boosting products, as well as an increase in consumer focus on household care and an increase in in-house food consumption. However, the companies are currently confronted with impediments as a result of intermittent supply chain activities and uncertain market conditions as a result of trade restrictions and lockdowns. This negative impact is expected to be compensated for by an increase in demand for enzymes in the food and beverage and pharmaceutical industries. As a result of the increased awareness about preventive health and dietary solutions and formulations that support immune health throughout the pandemic phase, the overall impact is expected to remain positive for key industry players.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In November 2021 Novozymes and Novo Nordisk Pharmatech collaborated to develop best-in-class technological enzymes to aid biopharmaceutical manufacturing processes.
• In April 2021, BASF has agreed to invest with Sandoz GmbH, a Novartis affiliate, at the Kundl/Schaftenau Campus in Austria. As a result of this transaction, BASF will be able to expand its production footprint for enzymes and biotechnology products.
• In January 2021, Advanced Enzyme Technologies completed the acquisition of a 51 percent controlling interest in SciTech Specialities Private Limited (SSPL) by subscribing to the issuance of 492,630 SSPL equity shares and purchasing 27,778 SSPL equity shares from a few selling SSPL shareholders.

 Global Feed Technology Market Scope

The feed technology market is segmented on the basis of ingredients and additives, processing method and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Ingredients and additives

• Amino Acids
• Phosphates
• Vitamins and Minerals
• Phytogenics
• Probiotics
• Commodity Ingredients
• Others

Processing method

• Physical Method
• Chemical Method
• Biological Method

Application

• Poultry
• Swine
• Agriculture

Distribution channel

• Direct
• Indirect

Feed Technology Market Regional Analysis/Insights

The feed technology market is analysed and market size insights and trends are provided by country, ingredients and additives, processing method and application as referenced above.

The countries covered in the feed technology market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America contributed the most to the feed technology market due to recent advances in protein engineering in the biotechnology sector. Due to the introduction of new enzymes used in the treatment of various chronic diseases and an increase in the number of development strategies implemented in this region by key players.

Asia-Pacific is widely recognized as the highest growing region in terms of feed technology market share. Dairy products have gained traction in Asian countries as a result of increased demand from vegan consumers. Some key macroeconomic factors, such as an increase in social media usage and an increase in per-capita income, also contribute significantly to the overall growth of the cattle feed market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Feed Technology Market Share Analysis

The feed technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to feed technology market.

Some of the major players operating in the feed technology market are:

• Rahr Corporation (U.S.)
• Lipoid Kosmetic AG (Germany)
• The Herbarie at Stoney Hill Farm, Inc.(U.S)
• Rutland Biodynamics Ltd. (Scotland)
• Prakruti Products Pvt. Ltd (India)
• AmbePhytoextractsPvt. Ltd. (Austria)
• Umalaxmi Organics Pvt. Ltd. (India)
• PrairiE Systems (U.S.)
• AFOS (U.S.)
• Cultura Technologies (Georgia)
• GlobalVet LINK (FeedLINK) (U.S.)
• Easy Automation, Inc. (U.S.)
• Landmark feeds, Inc. (Canada)
• Supervisor Systems (U.S.)
• Cargill Incorporated (U.S.)
• MTech-Systems (Georgia)
• Feedlogic Corporation (U.S.)