The global food economy is being essentially compelled by the gradual change in the food consumption patterns toward animal proteins. The demand for animal protein is surging rapidly and according to the Food and Agriculture Organization (FAO) statistics, the trend is likely to continue till 2050. Livestock demand in developed countries is currently witnessing a stable growth. However, emerging nations, especially countries such as China, India, Brazil, Argentina, and Indonesia are observing a massive growth in their respective livestock product consumptions. This robust growth in developing regions has been largely propelled by increasing urban population and growing disposable incomes which, in turn, have stimulated the growth in the consumption of animal source foods.
Report Overview: https://bisresearch.com/industry-report/fermented-food-ingredients-market.html
During the forecast period, the aquaculture sector is expected to grow at a healthy rate and continue to garner attention pertaining to its social, economic, and environmental implications. Fish producers are embracing sustainable solutions to achieve better performance through optimum animal health and nutrition. Apart from aquaculture, the others segment including pets and equine animals is also projected to display a positive growth, owing to the increasing consumer’s concerns for health and wellness of their companion animals.
The trends of the fermented feed ingredient market vary across different regions. The fermented feed ingredient market holds a prominent share in various countries of the Americas, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). In 2018, North America was at the forefront of the market, with huge market concentration in the U.S.
North America is expected to remain the dominant market for fermented feed ingredients in the forecast period, with the U.S. being the manufacturing hub for most of the ingredients. During the forecast period, Asia-Pacific region is expected to flourish as one of the most lucrative markets for fermented feed ingredient manufacturers. Rising urban population, high disposable income, and increased demand for healthy animal proteins nutritious food and beverage products with natural ingredients drive the growth of the fermented ingredients market. Regions such as South America and Africa are also expected to exhibit significant growth opportunities for fermentation-derived ingredients for animal feed due to the increased optimism in the economic conditions in these countries.
Get the Sample Report: https://bisresearch.com/requestsample?id=674&type=download
Some of the most prominent players in the fermented feed ingredients market include Koninklijke DSM N.V., Archer Daniels Midland Company, BASF SE, Evonik Industries AG, Ajinomoto Inc., Bluestar Adisseo Company, Chr. Hansen A/S, Cargill Inc., Novozymes A/S, Nutreco, Novus International, Lonza Group AG, and Kerry Group. The competitive landscape for the fermented feed ingredient market demonstrates an inclination toward companies adopting strategies such as mergers and acquisitions as well as business expansions. Industry leaders in this market are opting for this strategy to maintain their market position and prevent new entrants from expanding their operations in the market. For instance, in August 2018, Balchem Inc. acquired Bioscreen Technologies to add Bioscreen’s fermented animal nutrition product line to their business line. Key companies in the market have also adopted certain business expansion strategies by entering new markets. Archer Daniels Midland Company is currently aiming towards widening their market presence by expanding into other regional and business segments. While other companies such as Evonik Industries AG and Novus International signed significant number of business expansion and contracts in the market.
About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
As a leading market intelligence provider, BIS Research stands out of the crowd by complementing the data with valuable insights and actionable inputs for the client’s success.
BIS Research Inc.
39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686
Visit our Blog @ https://blog.bisresearch.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research
Connect with us on Twitter@ https://twitter.com/BISResearch