Market Research Future (Food and Beverages) Feed Supplements Market Research Report | Page 3

Feed Supplements Market Research Report- Forecast till 2023
2 Market Overview
Feed supplements are a means to provide additional nutritious elements and improve the quality of livestock feed.
Feed supplements are the fillers of deficiency in the regular meals provided to the livestock. It helps to improve the
feed quality, animal health, and reduce the livestock diseases. Increasing awareness of animal nutrition and rising
concern for animal health is driving the market of feed supplements. Growing population in developing countries
has increased the demand for production of poultry, swine, aquaculture, and other livestock for consumption which
has opened doors for feed supplements market.
Due to the health benefits associated with feed supplements for animals, the market is growing at an incremental
pace globally. Growing demand for animal protein owing to socio economic changes such as increasing disposable
income, rising urbanization, and growing geriatric population is directly impacting the demand for feed supplements,
specifically in low and middle-income economies. Furthermore, global meat consumption has risen significantly over
the years, particularly consumption of poultry meat which has increased manifold over the years, consequently
accelerating the demand for feed supplements. The regional governments are forming regulations to standardize
meat products to prevent consumers from the outbreak of livestock diseases which is driving the growth of feed
supplements market.
Industry Updates:
Dec 2017 Ascus Biosciences is working to commercialize its first endomicrobial feed supplements product, Galaxis.
The product is expected to be launched in the first half of 2018 in Argentina.
Jul 2017 BASF Animal Nutrition launched Lutavit A NXT which is a new vitamin A product line.
Jun 2016 Evonik industries launched L-valine (ValAMINO) which is the fifth essential amino acid for animal nutrition.
Through this product launch, the company aims to strengthen its product portfolio.
Jan 2016 BASF Animal Nutrition launched new enzyme for animal nutrition, Natuphos E in India market. The product
will help potltry to utilize phosphorous and key nutrients more efficiently.
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