Focusing on premix rather than on single-additive business model is seen as a core growth driver of feed additive market
Growing demand of proteins, especially in LATAM & Asia-Pacific, is the key growth driver for the demand of feed additives. The surge in demand of white meat, specially in India and China, is increasing the poultry feed additive preference.
The industrialization of livestock industry, increasing awareness about the quality of food, and the threat of diseases in the livestock are few other major growth drivers for the global animal nutrition and feed additives market
Regulations on different feed additives at country level, are restraining the market. Specially in Europe and US, there are strict regulations on animal feed additives
Outbreaks of epidemic contagious diseases that affect livestock, leading to the loss of livestock produce such as meat, milk, dairy products, poses a key challenge to the animal feed market. It is challenging the additive manufacturers to produce more efficient and multi-functional additives