Fermented Feed Ingredients Market Size Set to Grow at Steady CAGR of 4.8%
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
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.
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. However, proper management is crucial to ensure consistent quality and prevent contamination.
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Impact of COVID-19 on Global Fermented Feed Ingredients Market
Global fermented feed ingredients market felt the impact of COVID-19, as disruptions in supply chains, labor shortages, and reduced industrial activities led to fluctuations in production and distribution. Lockdowns and restrictions affected demand from livestock industries. However, the market showed resilience due to the essential nature of animal nutrition. Shifts towards e-commerce and remote work influenced distribution channels. While challenges existed, the market adapted by emphasizing sustainable sourcing, advanced production technologies, and heightened biosecurity measures. As the pandemic recedes, gradual recovery is expected, with a renewed focus on innovative solutions, health-conscious animal nutrition, and global supply chain stability.
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. However, the poultry sector's size underscores its pivotal role in shaping the overall landscape of the global fermented feed ingredients market.
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.
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