The feed preservatives market is projected to reach USD 3.57 billion by 2022, at a CAGR of 9.2% from 2016 to 2022. With the growing awareness about customized formulations and feed management practices to reduce production costs and improve livestock health, the meat processors and livestock farmers have been investing in nutrient-rich and high quality feed products. With the development of regulatory requirements on exported meat products, the need to maintain the meat quality throughout the value chain from the farm level has been a priority among the meat producers. As a result of these developments, there has been an increase in the need to import or store the feed for a period of time to limit the risks on fluctuating prices.
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Research & development activities based on mold inhibiting properties have been gaining prominence among the key players such as Alltech, Inc. (U.S.), Novus international, Inc. (U.S.), and Kemin Industries, Inc. (U.S.). Recent research activities are being performed to identify compounds that can not only inhibit the growth of molds but also arrest the growth and neutralize the impact of the toxin released by the mold. The multi-functional role of a feed acidifier as an antimicrobial agent, acidity regulator, and gut health promoter has witnessed tremendous growth as a feed additive component.
The feed acidifiers segment is projected to be the fastest growing in the feed preservatives market from 2016 to 2022, as these products are a suitable alternative to antibiotics and are effective against harmful bacteria. With stringent export regulations for meat products containing antibiotic residues, meat processors have been cautious on the usage of additive components when fed to animals. Acidifiers such as lactic acid and acetic acid produced through bioreactors have been gaining acceptability in terms of regulatory requirements; however, there are apprehensions with respect to its effectiveness as compared to propionic acid.
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Aquaculture is projected to be the fastest-growing livestock segment for feed preservatives from 2016 to 2022, due to the increasing adoption of farm management practices, especially in developing markets such as South and Southeast Asia. The use of fish oil and fishmeal in aqua feed must be given a quality check to reduce the chances of oxidative rancidity. Feed acidifiers and antioxidants not only preserve feed quality and retain nutrient content in the feed, but also ease the digestibility of the feed for the fishes.
