The global feed amino acids market size is poised for substantial growth, with a projected value of US$ 13.34 billion by 2033, driven by the increasing demand for protein-rich animal feed. Amino acids play a crucial role in protein synthesis, making them essential for the development and growth of livestock. As populations grow and disposable incomes rise, the demand for meat, eggs, and dairy is expected to surge, leading to a greater need for high-quality animal feed containing amino acids.
The demand for feed amino acids is escalating due to several factors. Rising consumer demand for animal products, such as meat, eggs, and dairy, is driving the need for protein-rich animal feed. Additionally, the aquaculture industry is witnessing rapid growth, further fueling the demand for amino acid-based feed as it promotes optimal growth and development in fish and other aquatic animals. Moreover, increasing awareness of the environmental impact of livestock farming is driving the demand for sustainable feed solutions like amino acid-based feed.
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Growing Factor:
- Rising Demand for Protein-Rich Animal Feed: Population growth and increasing disposable income in developing countries are driving a surge in demand for animal products, necessitating protein-rich animal feed. Amino acids, as the fundamental units of proteins, are vital for organismal development and growth, making amino acid-based feed an attractive option for farmers and feed manufacturers.
- Expansion of the Aquaculture Industry: The growing demand for fish and other aquatic animals is driving the expansion of the aquaculture industry. Amino acid-based feed has been shown to promote optimal growth and development in aquatic animals, leading to its increased use in aquaculture operations.
- Demand for Sustainable Feed Solutions: With increasing consumer awareness of the negative environmental impacts of livestock farming, there is a growing demand for sustainable feed solutions. Amino acid-based feed is preferred due to its reduced reliance on antibiotics and other chemical supplements, making it more environmentally friendly.
China is a promising market for expanding companies. Growth in consumer spending, livestock feed industry industrialization, rising farmer awareness, and government support are all factors propelling the regional market forward. The feed industry in China has established joint ventures between Thai company Chiatai Macro and Japanese company Ajinomoto. To meet the demand for high-quality methionine for animal feed, Round-Planc formed a joint venture in Tianjin.
The market for additives used in animal feed in China is governed by law and is subject to registration, permit and supervision, and inspection. The State Ministry of Agriculture and the provincial feed administration offices are responsible for this. There are a lot of rules and regulations that new entrants and investors in China’s animal feed additive market need to follow. The government has taken major actions and enacted regulations, such as the Food Safety Law, that have elevated the importance of food safety in the country.
Key Takeaways
- The increasing demand for high-quality animal feed protein products and the growing trend of healthy animal nutrition are driving the growth of the market.
- Asia Pacific is a significant market for feed amino acids, with China and India being the key contributors to the region’s growth.
- The key players in the market focus on developing sustainable and innovative feed solutions that help improve animal health and welfare while meeting the stringent safety and quality standards set by regulatory authorities.
- The market faces challenges, including the volatility of raw material prices and the increasing competition from alternative feed protein sources.
- The adoption of new technologies and the growing trend of vertical integration in the animal agriculture sector is expected to create new opportunities for the market.
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Competitive Landscape
Due to numerous regional and international players, the feed amino acids market competitive landscape is extremely dispersed. Ajinomoto Co., Inc., Evonik Industries AG, Adisseo France SAS, CJ CheilJedang Corporation, and Sumitomo Chemical Co., Ltd. are some of this industry’s major players.
To keep up with the changing demands of the animal agriculture industry, the major players in the market are working hard to create new and improved feed solutions. They are spending a lot of money on R&D to make their products better and more effective and to create brand-new products that meet the unique requirements of various species of animals.
Market participants use various growth strategies, such as mergers and acquisitions, collaborations, and partnerships, to increase their market share and diversify their product offerings. In 2020, for instance, Evonik Industries AG bought the Feed Additives division from the French biotechnology firm METEX NVISTA to broaden its amino acid-based feed products offering.
To better their supply chain capabilities and meet the rising demand for their products, market players are also investing in developing new manufacturing facilities and distribution networks. There are new openings for businesses to increase their market share and profits thanks to the rising trend of vertical integration in the animal agriculture sector.
Recent Developments
The DSM – Novozyme alliance released HiPhorius in the first month of 2022. It is a new solution for ensuring the long-term viability and financial success of the poultry industry in the face of rising feed protein demand.
Evonik introduced a new product in September 2020 called “GuanAMINO,” a guanidinoacetic acid (GAA) product to improve energy metabolism in livestock feed production.
The feed industry in Indonesia received a new product from BASF in March 2019 called Natuphos E. Superior overall stability is provided by Natuphos E, both in the premix and during the severe pelleting process, up to 95°C pelleting temperature, and for 18 months after pelleting.
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Key Segments
Feed Amino Acids Industry by Product:
- Lysine
- Tryptophan
- Glutamic Acid
- Threonine
- Valine
- Arginine
- L-Histidine
- L-Isoleucine
- Leucine
- Phenylalanine
Feed Amino Acids Industry by Application:
- Cattle
- Dairy
- Beef
- Calf
- Swine
- Sow
- Piglet
- Others
- Poultry
- Broilers
- Layers
- Turkey
- Aquaculture
- Salmon
- Trout
- Shrimp
- Others
- Pet Food
- Dog
- Cat
- Others
Feed Amino Acids Industry by Geography:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
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