Fermented Feed Market: Introduction
The concept of Fermented Feed is very old which is considered as an effective way to improve feed efficiency and reduce feed cost. The fermentation process uses organisms as feed additives for several benefits such as for creating new and improving its enzyme content, increasing its levels of vitamins B, C and K and to boost the usable protein level. It is also used to decrease the overall intake of feed which provides same or greater amount of nutrients. When it comes to chicken, Fermented feed helps to increase egg weight, shell weight, shell thickness, weight gain for meat birds, shell resistance, keeps their digestive tract functioning correctly which results in healthier animals, maintain proper functioning of immune system which resulting in increased ability to resist disease and bacterial infection and lowered their consumption of feed as fermented feed is digested by their body more effectively. Fermented feed is invariably used at large in several industries across the globe due to their several characteristics like better outputs, low cost, natural structure, high quality and nutrient rich products.
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Fermented Feed Market: Segmentation
Fermented feed market can be segmented on the basis of type, form, process, application, and region. Based on the type, fermented feed market is segmented into Amino acid, Antibiotics & Vitamins, Polymer, Industrial Enzymes, Organic acid and others. Based on form, fermented feed market has been segmented into Liquid Form and Dry Form. Based on Process, the fermented feed market has been segmented into Batch fermentation and Continuous fermentation. Based on application, the fermented feed market is segmented into aquaculture, dairy cattle, Swine, Beef cattle, Poultry, and others. Regional segmentation of the fermented feed market includes North America, Europe, Asia-Pacific, and Rest of the World.
Fermented Feed Market: Dynamics
The major share of fermented feed is used in poultry segment. With increasing number of non-vegetarians people, day by day leads to more demand for healthier non-veg food especially the chicken. This can be the major driver for fermented feed market. Another factor towards the growth of fermented feed market is decreasing the overall intake of feed to provide same or more amount of nutrients which indirectly result in cost saving. Moreover, fermented feed helps to increase feed quality and nutritional value of products, increased egg weight of birds, improve digestibility and strengthen the immune system resulting in increased ability to resist disease and bacterial infection. Rising demand and high prices for high quality and healthy fishmeal, meat, chicken, pork, and others are pushing for the development of fermented feed market. High initial investments, high operating costs, research & development, possibilities of health risk due to fermentation and the limited availability of raw materials are the restraining factors for fermented feed product manufacturers.
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Fermented Feed Market: Regional Outlook
On the basis of the regional segment, fermented feed market is segmented into five different regions: Latin America, North America, Europe, Middle East and Africa and Asia Pacific. North America has the largest market for the fermentation products industry. Asia Pacific fermented feed market is expected to be fastest growing region due to increase in population, increased expenditure power among the people and rising demand for healthier food as young generation are more health conscious. Europe is likely to grow at a high rate owing to strict regulations related to food and beverage industry.
Fermented Feed Market: Key Player:
Some of the major players operating in fermented feed market include Archer Daniels Midland Company, Cargill Incorporated, E. I. du Pont de Nemours and Company, Evonik Industries, Royal DSM NV, Danisco A/S, BASF SE, Chr. Hansen A/S, Angel Yeast Co. Ltd., Lallemand Inc., and Lonza.