Unlocking Growth Potential: Expanding Horizons in the Fermented Feed Ingredients Market
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Growth Drivers
Food Fermentation and Preservation Becoming More Important
Restraints
Regulatory Hurdles
Global fermented feed ingredients market is flourishing due to increasing demand for animal protein, improved animal nutrition and digestion, cost-effective feed solutions, and rising awareness about the benefits of fermentation enhancing nutrient content and feed efficiency, thereby fostering livestock production and health.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global fermented feed ingredients market size at USD 17.5 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global fermented feed ingredients market size to grow at a CAGR of 4.8% reaching a value of USD 24.3 billion by 2029. The growing need for animal protein, increased consumer awareness of animal nutrition, and the advantages of fermented feed for better digestion and health are some of the reasons driving the global market for fermented feed ingredients. Fermentation also increases feed's bioavailability of nutrients and decreases antinutritional elements. The market is expanding owing to growing concerns about efficient and sustainable animal production as well as improvements in fermentation technology. The adoption of fermented feed is also motivated by the potential to decrease the need for antibiotics in animal diets. The market for fermented feed components is expected to grow due to these factors taken together.
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Global Fermented Feed Ingredients Market – Overview
Fermented feed ingredients involve the enzymatic breakdown of organic materials through microbial activity, resulting in improved nutritional profiles. This process enhances digestibility, nutrient absorption, and reduces anti-nutritional factors. Commonly used in animal diets, fermented feeds can include grains, silage, and byproducts. Benefits encompass increased protein availability, elevated energy content, and better gut health due to probiotic-like microorganisms. This sustainable practice contributes to enhanced animal performance and reduced environmental impact.
Global Fermented Feed Ingredients Market – By Livestock
By livestock, the global fermented feed ingredients market is divided into Poultry, Swine, Ruminant, and Aquatic segments. The poultry segment stands as the largest, reflecting the substantial demand for fermented feed ingredients in poultry farming. This dominance can be attributed to the significant consumption of poultry products worldwide, driving the need for high-quality, nutritionally enhanced feeds. Swine, Ruminant, and Aquatic segments also hold notable market shares, catering to the specific dietary requirements of these livestock categories.
Competitive Landscape
Global fermented feed ingredients market is fiercely competitive. Major companies in the market include Lallemand Inc., Chr. Hansen Holding A/S, DSM Nutritional Products, Cargill, Incorporated, Archer Daniels Midland Company, Evonik Industries AG, Novus International, Inc., Kemin Industries, Inc., Lesaffre Group, Alltech, Inc., Biorigin, and Nutreco. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Global fermented feed ingredients market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Fermented Feed Ingredients Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Fermented Feed Ingredients Market and industry insights to help decision-makers make sound strategic decisions.
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Recent Developments
In December 2022 - Foodiq, a Nordic food innovator developed a new ingredient namely, Fabea+, which is a fermented fava. The company claimed that this fermented ingredient was more nutritious, sustainable, and saleable as compared to other plant proteins like soy, peas, and oats.
In November 2022 - Arla Food Ingredients launched its whey-based solution, having Lacprodan Hydro.365 and Nutrilac FO-8571, which can be used in high-protein fermented beverages as an alternative to protein.
In July 2022 - Cellevant launched its fermented turmeric ingredient having antibiotic properties and bioactive ingredients like postbiotics and parabiotics. The ingredient has its application in nutraceuticals and food and is European Union organic certified.
In August 2018 - Balchem Inc. acquired Bioscreen Technologies to add Bioscreen's fermented animal nutrition product line to their business line.
Scope of the Report
By Ingredients
By Form
By Livestock
By Region
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