Global Fermented Feed Ingredient Market
Focus on Ingredient Type (Amino Acids, Vitamins, Enzymes, Organic Acids, Probiotics), Animal Type (Poultry, Swine, Aquatic), Supply Chain, Emerging Trends and Regulatory Landscape –Analysis & Forecast, 2018-2023
May 2019
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Global Fermented Feed Ingredient Market All rights reserved at BIS Research 2
Preface
The global feed industry has witnessed a massive transformation over the past five years, owing to the increasing urbanization and rapidly rising demand for animal proteins. Players across the animal feed supply chain are actively working toward the development of sustainable animal production systems. Moreover, the increasing concern over the use of antimicrobials has further driven the application of nutrigenomics and fermentation techniques for animal feed solutions. Fermented feed ingredients help in addressing specific nutritional deficiencies in animals, along with the improvement in overall performance. Furthermore, the cost-effectiveness of the feed ingredients produced through fermentation technology is gradually driving the degree of acceptance amongst farmers. With increasing awareness about the nutritional benefits and technological advancement, the demand for fermented feed ingredients is expected to rise globally in the coming future.
The market research study offers a wide perspective of the fermented feed ingredients market and analyzes its impact on the end users by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.
This study has been designed to answer some of the most crucial questions about the fermented feed ingredients market:
What is the global fermented feed ingredients market size in terms of revenue from 2017 to 2023, and what is the expected growth rate during the forecast period 2018-2023?
What is the revenue generated for different fermented ingredients such as amino acids, vitamins and minerals, enzymes, probiotics and prebiotics, and organic acids?
What is the revenue generated by the different animal types such as poultry, ruminants, swine, and aquatic animals in the fermented feed ingredients market?
What is the market size and opportunities of fermented feed ingredients across different regions?
What is the revenue generated for fermented feed ingredients for different animal and ingredient types in different regions?
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 3
What are the major driving forces that are expected to increase the demand for the global fermented feed ingredients market during the forecast period?
What are the key trends and opportunities in the market pertaining to global fermented feed ingredients?
What are the major challenges inhibiting the growth of the global fermented feed ingredients market?
Which are the major stakeholders across the animal feed supply chain?
What kind of new strategies are currently being adopted by the existing market players to expand their market position in the industry?
What is the competitive strength of the key players in the fermented feed ingredients market on the basis of analysis of their recent developments, product offerings, and regional presence?
What is the regulatory landscape in different regions for fermented feed ingredients?
The report is a compilation of fermented feed ingredients market segmented by ingredient type, ingredient form, animal type, and region. In the extensive primary research process undertaken for this study, the primary sources further include industry experts and key executives from prominent companies and organizations in the fermented feed ingredients market.
Moreover, the report consists of a comprehensive analysis of fermented feed ingredients market for different regions. This market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC) and Rest-of-the-World (RoW). The report also provides a country-based analysis for all the leading countries in each region, including the U.S., Canada, Mexico, Germany, the U.K., France, Italy, Sweden, the Netherlands, Spain, China, Japan, India, Thailand, Vietnam, Australia and New Zealand, Saudi Arabia, Brazil, the U.A.E., and South Africa BIS
May 2019
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 4
Agri-Tech
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 5 Table of Contents Executive Summary...................................................................................................23-30 1. Market Dynamics..................................................................................................31 1.1 Market Drivers .................................................................................................31 1.1.1 Increasing Consumption of Animal Proteins Globally......................32 1.1.2 Growing Awareness of Animal Health................................................34 1.1.3 Cost-Effectiveness of Fermentation Technology..............................35 1.2 Market Restraints............................................................................................36 1.2.1 Stringent Regulatory Landscape ........................................................36 1.2.2 High Initial Set-Up Costs......................................................................37 1.3 Market Opportunities......................................................................................38 1.3.1 Fermentation-Based Methionine Production.....................................38 1.3.2 Increasing Growth in the Asia-Pacific and African region................39 2. Competitive Landscape .......................................................................................40 2.1 Key Market Developments and Strategies....................................................40 2.1.1 Mergers and Acquisitions....................................................................42 2.1.2 Business Expansions and Contracts .................................................43 2.1.3 New Product Launches and Developments.......................................44 2.1.4 Partnerships, Collaborations and Joint Ventures .............................45 2.1.5 Others (Awards and Recognitions).....................................................46 2.2 Market Share Analysis....................................................................................47 3. Industry Analysis..................................................................................................49 3.1 Industry Attractiveness ..................................................................................49 3.1.1 Threat of New Entrants........................................................................50 3.1.2 Bargaining Power of Buyers ...............................................................52 3.1.3 Bargaining Power of Suppliers ...........................................................53 3.1.4 Threat from Substitutes.......................................................................54 3.1.5 Intensity of Competitive Rivalry..........................................................54 3.2 Supply Chain Analysis....................................................................................55 3.3 Emerging Trends in the Feed Ingredients Market........................................57
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 6 3.3.1 Advent of Inorganic Nano-Particles as Feed Ingredients .................57 3.3.2 Probiotics: Alternative to Antibiotic Growth Promoters...................58 3.4 Regulatory Landscape....................................................................................59 3.4.1 North America.......................................................................................60 3.4.2 Europe...................................................................................................60 3.4.3 Asia-Pacific...........................................................................................61 3.4.4 Rest-of-the-World.................................................................................62 3.5 Consortiums and Associations .....................................................................63 4. Global Fermented Feed Ingredient Market, (by Ingredient Type).....................67 4.1 Assumptions and Limitations for Analysis and Forecast of the Global Fermented Feed Ingredient Market....................................................67 4.2 Market Overview..............................................................................................67 4.3 Amino Acids ....................................................................................................71 4.4 Vitamins and Minerals ....................................................................................73 4.5 Organic Acid....................................................................................................75 4.6 Probiotics and Prebiotics...............................................................................78 4.7 Enzymes...........................................................................................................80 5. Global Fermented Ingredient Market (by Form Type) .......................................83 5.1 Market Overview..............................................................................................83 5.2 Dry Ingredient Form........................................................................................83 5.3 Liquid Ingredient Form...................................................................................87 6. Global Fermented Feed Ingredient Market, (by Animal Type)..........................89 6.1 Market Overview..............................................................................................89 6.2 Poultry..............................................................................................................91 6.3 Swine................................................................................................................95 6.4 Ruminant..........................................................................................................96 6.5 Aquatic.............................................................................................................98 6.6 Others.............................................................................................................100 7. Global Fermented Feed Ingredient Market (by Region) ..................................102 7.1 North America ...............................................................................................106 7.1.1 North America (by Ingredient Type)..................................................108
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 7 7.1.2 North America (by Animal Type).......................................................109 7.1.3 North America (by Country) ..............................................................110 7.1.3.1 U.S. 110 7.1.3.2 Canada 113 7.1.3.3 Mexico..................................................................................................114 7.1.3.4 Rest-of-North America..........................................................................115 7.2 Europe............................................................................................................117 7.2.1 Europe (by Ingredient Type)..............................................................120 7.2.2 Europe (by Animal Type) ...................................................................121 7.2.3 Europe (by Country)...........................................................................122 7.2.3.1 Germany 123 7.2.3.2 Spain 124 7.2.3.3 France..................................................................................................125 7.2.3.4 U.K. 127 7.2.3.5 The Netherlands 128 7.2.3.6 Italy 129 7.2.3.7 Poland..................................................................................................130 7.2.3.8 Rest-of-Europe 131 7.3 Asia-Pacific....................................................................................................133 7.3.1 Asia-Pacific (by Ingredient Type)......................................................135 7.3.2 Asia-Pacific (by Animal Type) ...........................................................136 7.3.3 Asia-Pacific (by Country)...................................................................137 7.3.3.1 China 137 7.3.3.2 Australia and New Zealand (ANZ)........................................................139 7.3.3.3 Japan....................................................................................................140 7.3.3.4 Vietnam 142 7.3.3.5 Thailand 143 7.3.3.6 India......................................................................................................145 7.3.3.7 Rest-of-Asia-Pacific..............................................................................148 7.4 Rest-of-the-World (RoW) ..............................................................................150 7.4.1 Rest-of-the-World (RoW) (by Ingredient Type).................................151 7.4.2 Rest-of-the-World (RoW) (by Animal Type)......................................152 7.4.3 Rest-of-the-World (RoW) (by Country) .............................................153
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 8 7.4.3.1 Brazil ....................................................................................................153 7.4.3.2 Saudi Arabia.........................................................................................154 7.4.3.3 U.A.E. 156 7.4.3.4 South Africa 156 8. Company Profiles...............................................................................................158 8.1 AB Vista .........................................................................................................160 8.1.1 Company Overview............................................................................160 8.1.2 Role of AB Vista in Fermented Feed Ingredient Market..................160 8.1.3 SWOT ANALYSIS................................................................................162 8.2 Archer Daniels Midland Company...............................................................163 8.2.1 Company Overview............................................................................163 8.2.2 Role of the Archer Daniels Midland Company in Fermented Feed Ingredient Market......................................................................163 8.2.3 Financials............................................................................................165 8.2.4 Key Insights about the Financial Health of the Company...............168 8.2.5 SWOT ANALYSIS................................................................................169 8.3 Ajinomoto Co. Inc. ........................................................................................170 8.3.1 Company Overview............................................................................170 8.3.2 Role of the Ajinomoto Co. Inc. in Fermented Feed Ingredient Market..................................................................................................170 8.3.3 Financials............................................................................................171 8.3.4 Key Insights about the Financial Health of the Company...............174 8.3.5 SWOT Analysis...................................................................................175 8.4 Alltech............................................................................................................176 8.4.1 Company Overview............................................................................176 8.4.2 Role of Alltech in Fermented Feed Ingredients Market...................176 8.4.3 SWOT ANALYSIS................................................................................178 8.5 Angel Yeast Co., Ltd. ....................................................................................179 8.5.1 Company Overview............................................................................179 8.5.2 Role of Angel Yeast Co., Ltd. in Fermented Feed Ingredients Market..................................................................................................179 8.5.3 SWOT ANALYSIS................................................................................181 8.6 Balchem Inc...................................................................................................182
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 9 8.6.1 Company Overview............................................................................182 8.6.2 Role of Balchem Inc. in Fermented Feed Ingredient Market...........182 8.6.3 Financials............................................................................................184 8.6.4 SWOT ANALYSIS................................................................................186 8.7 BASF SE.........................................................................................................187 8.7.1 Company Overview............................................................................187 8.7.2 Role of BASF SE in Fermented Feed Ingredient Market.................187 8.7.3 Financials............................................................................................189 8.7.4 Key Insights about the Financial Health of the company ...............192 8.7.5 SWOT ANALYSIS................................................................................193 8.8 Bluestar Adisseo Company..........................................................................194 8.8.1 Company Overview............................................................................194 8.8.2 Role of Bluestar Adisseo Company in Fermented Feed Ingredient Market................................................................................194 8.8.3 Financials............................................................................................196 8.8.4 Key Insights about the Financial Health of the company ...............198 8.8.5 SWOT Analysis...................................................................................199 8.9 Cargill Inc.......................................................................................................200 8.9.1 Company Overview............................................................................200 8.9.2 Role of Cargill Inc. in Fermented Feed Ingredient Market ..............200 8.9.3 Financials............................................................................................201 8.9.4 SWOT ANALYSIS................................................................................203 8.10 Chr. Hansen A/S............................................................................................204 8.10.1 Company Overview............................................................................204 8.10.2 Role of Chr. Hansen A/S in Fermented Feed Ingredient Market.....204 8.10.3 Financials............................................................................................205 8.10.4 Key Insights about the Financial Health of the Company...............208 8.10.5 SWOT Analysis...................................................................................209 8.11 CJ Corp..........................................................................................................210 8.11.1 Company Overview............................................................................210 8.11.2 Role of CJ Corp. in Fermented Feed Ingredients Market................210 8.11.3 Financials............................................................................................211 8.11.4 SWOT ANALYSIS................................................................................213
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 10 8.12 DowDuPont Inc..............................................................................................214 8.12.1 Company Overview............................................................................214 8.12.2 Role of DowDuPont Inc. in Fermented Feed Ingredient Market .....214 8.12.3 Financials............................................................................................216 8.12.4 SWOT Analysis...................................................................................218 8.13 Evonik Industries AG....................................................................................219 8.13.1 Company Overview............................................................................219 8.13.2 Role of Evonik Industries AG in Fermented Feed Ingredients Market..................................................................................................219 8.13.3 Financials............................................................................................221 8.13.4 Key Insights about the Financial Health of the Company...............224 8.13.5 SWOT Analysis...................................................................................225 8.14 Fermented Nutrition Corporation ................................................................226 8.14.1 Company Overview............................................................................226 8.14.2 Role of Fermented Nutrition Corporation in Fermented Feed Ingredient Market................................................................................226 8.14.3 SWOT ANALYSIS................................................................................227 8.15 Kemin Industries...........................................................................................228 8.15.1 Company Overview............................................................................228 8.15.2 Role of Kemin Industries in Fermented Feed Ingredients Market..................................................................................................228 8.15.3 SWOT ANALYSIS................................................................................230 8.16 Kent Nutrition Group.....................................................................................231 8.16.1 Company Overview............................................................................231 8.16.2 Role of Kent Nutrition Group in Fermentation Feed Ingredient Market..................................................................................................231 8.16.3 SWOT ANALYSIS................................................................................233 8.17 Kerry Group...................................................................................................234 8.17.1 Company Overview............................................................................234 8.17.2 Role of the Kerry Group in Fermented Feed Ingredient Market .....234 8.17.3 Financials............................................................................................235 8.17.4 Key Insights about the Financial Health of the Company...............237 8.17.5 SWOT Analysis...................................................................................238 8.18 Koninklijke DSM N.V.....................................................................................239
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 11 8.18.1 Company Overview............................................................................239 8.18.2 Role of Koninklijke DSM N.V. in the Fermented Feed Ingredient Market................................................................................239 8.18.3 Financials............................................................................................241 8.18.4 Key Insights about the Financial Health of the Company...............245 8.18.5 SWOT ANALYSIS................................................................................246 8.19 Lonza Group AG............................................................................................247 8.19.1 Company Overview............................................................................247 8.19.2 Role of Lonza Group AG in Fermented Feed Ingredient Market ....247 8.19.3 Financials............................................................................................248 8.19.4 Key Insights about the Financial Health of the company ...............251 8.19.5 SWOT ANALYSIS................................................................................252 8.20 Lallemand Inc................................................................................................253 8.20.1 Company Overview............................................................................253 8.20.2 Role of Lallemand Inc. in Fermented Feed Ingredient Market........253 8.20.3 SWOT ANALYSIS................................................................................255 8.21 Novozymes A/S .............................................................................................256 8.21.1 Company Overview............................................................................256 8.21.2 Role of Novozymes A/S in Fermented Feed Ingredient Market......256 8.21.3 Financials............................................................................................257 8.21.4 Key Insights about the Financial Health of the Company...............260 8.21.5 SWOT ANALYSIS................................................................................261 8.22 Novus International.......................................................................................262 8.22.1 Company Overview............................................................................262 8.22.2 Role of Novus International in Fermented Feed Ingredients Market..................................................................................................262 8.22.3 SWOT ANALYSIS................................................................................264 8.23 Nutreco...........................................................................................................265 8.23.1 Company Overview............................................................................265 8.23.2 Role of Nutreco in Fermented Feed Ingredient Market...................265 8.23.3 SWOT Analysis...................................................................................267 8.24 SweetPro Feeds ............................................................................................268 8.24.1 Company Overview............................................................................268
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 12 8.24.2 Role of Sweetpro Feeds in Fermented Feed Ingredient Market .....268 8.24.3 SWOT ANALYSIS................................................................................270 8.25 Vilofoss..........................................................................................................271 8.25.1 Company Overview............................................................................271 8.25.2 Role of Vilofoss in Fermented Feed Ingredient Market...................271 8.25.3 SWOT ANALYSIS................................................................................273 8.26 Other Key Players in the Fermented Feed Industry...................................274 9. Report Scope and Methodology........................................................................276 9.1 Report Scope.................................................................................................276 9.2 Fermented Feed Ingredient Market Research Methodology .....................277 9.2.1 Assumptions.......................................................................................277 9.2.2 Limitations ..........................................................................................278 9.2.3 Primary Data Sources........................................................................278 9.2.4 Secondary Data Sources...................................................................279 9.2.5 Data Triangulation..............................................................................280 9.2.6 Market Estimation and Forecast .......................................................281
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 13 List of Tables Table 1.1: Impact Analysis of Drivers 32 Table 1.2: Effects of Fermented Feed Ingredient on Feed Conversion Ratio .....................................35 Table 1.3: Impact Analysis of Restraints.............................................................................................36 Table 3.1: Analyzing Threat of New Entrants 51 Table 3.2: Analyzing Bargaining Power of Buyers..............................................................................52 Table 3.3: Analyzing Bargaining Power of Suppliers ..........................................................................53 Table 3.4: Analyzing the Threat from Substitute.................................................................................54 Table 3.5 Analyzing the Intensity of Competitive Rivalry.....................................................................55 Table 3.6: Types of Nanoparticles Used in Animal Nutrition...............................................................57 Table 3.7: Regulatory Bodies in North America..................................................................................60 Table 3.8: Regulatory Bodies in Asia-Pacific ......................................................................................61 Table 3.9: Regulatory Bodies in Rest-of-the-World 62 Table 3.10: List of Consortiums and Associations ..............................................................................64 Table 4.1: Global Fermented Feed Ingredient Market (by Ingredient Type), $Million, 2017-2023.......70 Table 4.2: Amino Acids by Leading Players in the Market 71 Table 4.3: Key Developments Pertaining to the Amino Acids Market 73 Table 4.4: Vitamins and Minerals by Leading Players in the Market 75 Table 4.5: Key Developments in the Organic Acid Market 78 Table 4.6: Key Developments in the Probiotics and Prebiotics Market 79 Table 4.7: Types of Enzymes and their Functions for Animal Feed 80 Table 4.8: Key Enzymes by Leading Players 81 Table 4.9: Key Developments pertaining to the Enzyme Market 82 Table 5.1: Global Fermented Feed Ingredient Market (by Form Type), $Billion 2017-2023 83 Table 5.2: Dry Fermented Feed Ingredients by Leading Players 86 Table 5.3: Liquid Fermented Feed Ingredients by Leading Players 88 Table 6.1: Global Fermented Feed Ingredient Market (by Animal Type), $Million, 2017-2023 91 Table 6.2: Key Developments in the Fermented Feed Ingredients Market Related to Poultry 94 Table 6.3: Key Developments in the Fermented Feed Ingredients Market related to Swine...............96 Table 6.4: Fermented Feed Ingredients for Ruminants by Leading Players .......................................98 Table 6.5: Key Developments in the Fermented Feed Market for Aquatic Species..........................100
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 14 Table 7.1: Regional Fermented Feed Ingredient Market, $Billion, 2017-2023..................................105 Table 7.2: North America Fermented Feed Ingredient Market (by Ingredient Type), $Million, 2017-2023 ..........................................................................................................................................................108 Table 7.3: North America Fermented Feed Ingredient Market (by Animal Type), $Million, 2017-2023 ..........................................................................................................................................................109 Table 7.4: North America Fermented Feed Ingredient Market (by Country), $Million, 2017-2023 ....110 Table 7.5: Top Ten Animal Feed Manufacturers in the U.S. (Million Metric Tons)............................111 Table 7.6: Top Ten Animal Feed Manufacturers in Europe, 2017 (Million Metric Tons)....................117 Table 7.7: Europe Fermented Feed Ingredient Market, (by Ingredient Type), $Million, 2017-2023 ..120 Table 7.8: Europe Feed Ingredient Market (by Animal Type), $Million, 2017-2023...........................121 Table 7.9: Europe Feed Ingredient Market (by Country), $Million, 2017-2023 122 Table 7.10: Top Ten Animal Feed Manufacturers in Asia-Pacific, 2017 (Million Metric Tons) 133 Table 7.11: Asia-Pacific Fermented Feed Ingredient Market (by Ingredient Type), $Million, 2017-2023 135 Table 7.12: Asia-Pacific Feed Ingredient Market (by Animal Type), $Million, 2017-2023 136 Table 7.13: Asia-Pacific Feed Ingredient Market (by Country), $Million, 2017-2023 137 Table 7.14: Local Indian Players in Fermented Feed Ingredients 148 Table 7.15: RoW Fermented Feed Ingredient Market (by Ingredient Type), $Million, 2017-2023 151 Table 7.16: RoW Feed Ingredient Market (by Animal Type), $Million, 2017-2023 152 Table 7.17: Rest-of-the-World Market (by Country), $Million, 2017-2023 153 Table 8.1: AB Vista: Product Portfolio 161 Table 8.2: Archer Daniels Midland: Product Portfolio 164 Table 8.3: Ajinomoto Co. Inc.: Product Portfolio 171 Table 8.4: Alltech: Product Portfolio..................................................................................................177 Table 8.5: AngelYeast Co., Ltd.: Product Portfolio 180 Table 8.6: Balchem Inc.: Product Portfolio........................................................................................183 Table 8.7: BASF SE: Product Portfolio .............................................................................................188 Table 8.8: Bluestar Adisseo Company: Product Portfolio..................................................................195 Table 8.9: Cargill Inc.: Product Portfolio............................................................................................201 Table 8.10 Chr. Hansen A/S: Product Portfolio.................................................................................205 Table 8.11: CJ Corp.: Product Portfolio ............................................................................................211 Table 8.12: DowDuPont Inc.: Product Portfolio.................................................................................215
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 15 Table 8.13: Evonik Industries AG: Product Portfolio.........................................................................220 Table 8.14: Fermented Nutrition Corporation: Product Portfolio........................................................226 Table 8.15: Kemin Industries: Product Portfolio................................................................................229 Table 8.16: Kent Nutrition Group: Product Portfolio..........................................................................232 Table 8.17: Kerry Group: Product Portfolio.......................................................................................235 Table 8.18: Koninklijke DSM N.V.: Product Portfolio.........................................................................240 Table 8.19: Lonza Group AG: Product Portfolio................................................................................248 Table 8.20: Lallemand Inc.: Product Portfolio ...................................................................................254 Table 8.21: Novozymes A/S: Product Portfolio.................................................................................257 Table 8.22: Novus International.: Product Portfolio...........................................................................263 Table 8.23: Nutreco: Product Portfolio 266 Table 8.24: Sweetpro Feeds: Product Portfolio 269 Table 8.25: Vilofoss: Product Portfolio 272 Table 8.26: Other Key Fermented Feed Ingredients Market Players 274
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 16
Figure 1: Macroeconomic Trends Impacting the Global Animal Protein Demand 23 Figure 2: Factors Affecting the Global Fermented Feed Ingredients Market.......................................25 Figure 3: Global Fermented Feed Ingredient Market Snapshot..........................................................25 Figure 4: Global Fermented Feed Ingredient Market (by Ingredient Type), 2018-2023, ($Million) 26 Figure 5: Global Fermented Feed Ingredients Market by Animal Type, 2018 and 2023.....................28 Figure 6: Regional Fermented Feed Ingredients Market Snapshot.....................................................29 Figure 1.1: Market Dynamics..............................................................................................................31 Figure 1.2: Global Demand for Animal Protein, 2015-2035 ................................................................32 Figure 1.3: Global Feed Production, 2014-2018.................................................................................33 Figure 2.1: Strategies Adopted by the Key Players.............................................................................40 Figure 2.2: Share of Key Market Strategies and Developments (January 2016 - March 2019) ..........41 Figure 2.3: Mergers and Acquisitions Share (by Companies) 42 Figure 2.4: Business Expansions and Contracts Share (by Companies)............................................43 Figure 2.5: New Product Launches and Developments Share (by Companies).................................44 Figure 2.6: Partnerships, Collaborations, and Joint Ventures Share (by Companies) 46 Figure 2.7: Market Share Analysis of the Leading Players in the Market, 2018 47 Figure 3.1: Porter’s Five Forces Analysis for the Fermented Feed Ingredient Market 50 Figure 3.2: Supply Chain Analysis of Fermented Feed Ingredients Market 56 Figure 4.1: Types of Fermented Feed Ingredients 68 Figure 4.2: Advantages of Fermented Ingredients for Animal Feed 69 Figure 4.3: Global Fermented Feed Ingredient Market (by Ingredient Type), 2018 & 2023 69 Figure 4.4: Amino Acids in Fermented Feed Ingredient Market, 2017-2023 72 Figure 4.5: Vitamins and Minerals in Fermented Feed Ingredient Market, 2017-2023 74 Figure 4.6: Regional Importance of Organic Acids in Animal Nutrition, 2017 76 Figure 4.7: Organic Acids in Fermented Feed Ingredient Market, 2017-2023 77 Figure 4.8: Probiotics and Prebiotics in Fermented Feed Ingredient Market, 2017-2023 78 Figure 4.9: Enzymes in Fermented Feed Ingredient Market, 2017-2023 81 Figure 5.1: Dry Ingredient Form in Fermented Feed Ingredient Market, 2017-2023...........................85 Figure 5.2: Liquid Ingredient Form in Fermented Feed Ingredient Market, 2017-2023.......................87 Figure 6.1: Fermented Feed Ingredient: By Animal Type ...................................................................89
List of Figures
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 17 Figure 6.2: Global Fermented Feed Ingredient Market (by Animal Type), 2018 & 2023.....................90 Figure 6.3: Fermented Feed Ingredient Market for Poultry, 2017-2023 ..............................................92 Figure 6.4: Global Poultry Meat Production Projection, 2017-2021.....................................................93 Figure 6.5: Fermented Feed Ingredient Market for Swine, 2017-2023................................................95 Figure 6.6: Fermented Feed Ingredient Market for Ruminants, 2017-2023........................................97 Figure 6.7: Fermented Feed Ingredient Market for Aquatic Species, 2017-2023................................99 Figure 6.8: Fermented Feed Ingredient Market for Other Species, 2017-2023.................................101 Figure 7.1: Fermented Feed Ingredient: Regional Market Snapshot ................................................102 Figure 7.2: Global Feed Industry Snapshot, 2018.............................................................................103 Figure 7.3: Global Distribution of Feed Mills, 2017............................................................................104 Figure 7.4: North America Fermented Feed Ingredient Market, 2017-2023 107 Figure 7.5: Fermented Feed Ingredient Market in the U.S., 2017-2023 112 Figure 7.6: Fermented Feed Ingredient Market in Canada, 2017-2023 114 Figure 7.7: Fermented Feed Ingredient Market in Mexico, 2017-2023 115 Figure 7.8: Fermented Feed Ingredient Market in Mexico, 2017-2023 116 Figure 7.9: Europe Fermented Feed Ingredient Market, 2017-2023 119 Figure 7.10: Fermented Feed Ingredient Market in Germany, 2017-2023 123 Figure 7.11: Fermented Feed Ingredient Market in Spain, 2017-2023 125 Figure 7.12: Fermented Feed Ingredient Market in France, 2017-2023 126 Figure 7.13: U.K. Fermented Feed Ingredient Market, 2017-2023 127 Figure 7.14: Fermented Feed Ingredient Market in Netherlands, 2017-2023 129 Figure 7.15: Fermented Feed Ingredient Market in Italy, 2017-2023 130 Figure 7.16: Fermented Feed Ingredient Market in Poland, 2017-2023 131 Figure 7.17: Fermented Feed Ingredient Market in Rest-of-Europe, 2017-2023...............................132 Figure 7.18: Asia-Pacific Fermented Feed Ingredient Market, 2017-2023 134 Figure 7.19: China Fermented Feed Ingredient Market, 2017-2023.................................................138 Figure 7.20: Australia and New Zealand (ANZ) Fermented Feed Ingredient Market, 2017-2023.....140 Figure 7.21: Japan Fermented Feed Ingredient Market, 2017-2023.................................................141 Figure 7.22: Vietnam Fermented Feed Ingredient Market, 2017-2023 .............................................143 Figure 7.23: Thailand Fermented Feed Ingredient Market, 2017-2023.............................................144 Figure 7.24: Total Milk Production in India, 2012-2016.....................................................................145 Figure 7.25: Growth in Meat Production in India, 2012-2016............................................................146
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 18 Figure 7.26: India Fermented Feed Ingredient Market, 2017-2023...................................................147 Figure 7.27: Rest-of-Asia-Pacific Fermented Feed Ingredient Market, 2017-2023 ...........................149 Figure 7.28: Rest-of-the-World Fermented Feed Ingredient Market, 2017-2023 ..............................150 Figure 7.29: Brazil Fermented Feed Ingredient Market, 2017-2023..................................................154 Figure 7.30: Saudi Arabia Fermented Feed Ingredient Market, 2017-2023......................................155 Figure 7.31: U.A.E. Fermented Feed Ingredient Market, 2017-2023................................................156 Figure 7.32: South Africa Fermented Feed Ingredient Market, 2017-2023.......................................157 Figure 8.1: Segmentation of Key Companies Profiled by Headquarter Location ..............................158 Figure 8.2: AB Vista: SWOT Analysis...............................................................................................162 Figure 8.3: Archer Daniels Midland: Overall Financials, 2016-2018..................................................165 Figure 8.4: Archer Daniels Midland: Net Revenue (by Business Segment), 2016 166 Figure 8.5: Archer Daniels Midland: Net Revenue (by Business Segment), 2017-2018 166 Figure 8.6: Archer Daniels Midland: Net Revenue (by Region), 2016-2018 167 Figure 8.7: Research and Development: Archer Daniels Midland Company: 2016-2018 168 Figure 8.8: Archer Daniels Midland Company: SWOT Analysis 169 Figure 8.9: Ajinomoto Co. Inc: Overall Financials, 2015-2017 171 Figure 8.10: Ajinomoto Co. Inc: Net Revenue (by Region), 2015-2016 172 Figure 8.11: Ajinomoto Co. Inc: Net Revenue, (by Region), 2017 172 Figure 8.12: Ajinomoto Co. Inc: Net Revenue (by Business Segment), 2015-2017 173 Figure 8.13: Research and Development: Ajinomoto Co. Inc.: 2015-2017 174 Figure 8.14: Ajinomoto Co. Inc.: SWOT Analysis 175 Figure 8.15: Alltech: SWOT Analysis 178 Figure 8.16: AngelYeast Co., Ltd.: SWOT Analysis 181 Figure 8.17: Balchem Inc.: Overall Financials, 2016-2018................................................................184 Figure 8.18: Balchem Inc.: Net Revenue (by Business Segment), 2016-2018 185 Figure 8.19: Balchem Inc.: SWOT Analysis......................................................................................186 Figure 8.20: BASF SE: Overall Financials, 2016-2018.....................................................................189 Figure 8.21: BASF SE: Net Revenue (by Business Segment), 2016................................................190 Figure 8.22: BASF SE: Net Revenue (by Business Segment), 2017-2018.......................................190 Figure 8.23: BASF SE: Net Revenue (by Performance Products Segment), 2018...........................191 Figure 8.24: BASF SE: Net Revenue (by Regional Segment), 2017-2018.......................................192 Figure 8.25: Research and Development: BASF SE: 2016-2018.....................................................192
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 19 Figure 8.26: BASF SE: SWOT Analysis ...........................................................................................193 Figure 8.27: Bluestar Adisseo Company: Overall Financials, 2016-2018 .........................................196 Figure 8.28: Bluestar Adisseo Company: Net Revenue (by Region), 2016-2018 .............................197 Figure 8.29: Bluestar Adisseo Company: Net Revenue (by Product Segments), 2016-2018...........198 Figure 8.30: Research and Development: Bluestar Adisseo Company: 2016 to 2018......................198 Figure 8.31: Bluestar Adisseo Company: SWOT Analysis................................................................199 Figure 8.32: Cargill Inc.: Overall Financials, 2016-2018....................................................................201 Figure 8.33: Cargill Inc.: Net Revenue (by Region), 2016-2018........................................................202 Figure 8.34: Cargill Inc.: SWOT Analysis..........................................................................................203 Figure 8.35: Chr. Hansen A/S: Overall Financials, 2015-2017..........................................................205 Figure 8.36: Chr. Hansen A/S: Net Revenue (by Region), 2017 206 Figure 8.37: Chr, Hansen A/S: Net Revenue (by Business Segment), 2015-2017 207 Figure 8.38: Research and Development: Chr Hansen A/S: 2015-2017 208 Figure 8.39: CHR Hansen A/S: SWOT Analysis 209 Figure 8.40: CJ Corp.: Overall Financials, 2016-2018 211 Figure 8.41: CJ Corp.: Net Revenue (by Business Segment), 2017-2018 212 Figure 8.42: CJ Corp.: SWOT Analysis 213 Figure 8.43: DowDuPont Inc.: Overall Financials, 2018 216 Figure 8.44: DowDuPont Inc.: Net Revenue (by Region), 2018 216 Figure 8.45: DowDuPont Inc.: Net Revenue (by Business Segment), 2018 217 Figure 8.46: DowDuPont Inc.: SWOT Analysis 218 Figure 8.47: Evonik Industries AG.: Overall Financials, 2016-2018 221 Figure 8.48: Evonik Industries AG.: Net Revenue (by Business Segment), 2016-2018 222 Figure 8.49: Evonik Industries AG: Net Revenue (by Regional Segment), 2016-2018.....................223 Figure 8.50: Research and Development: Evonik Industries AG: 2016-2018 224 Figure 8.51: Evonik Industries AG.: SWOT Analysis ........................................................................225 Figure 8.52: Fermented Nutrition Corporation: SWOT Analysis........................................................227 Figure 8.53: Kemin Industries: SWOT Analysis................................................................................230 Figure 8.54: Kent Nutrition Group: SWOT Analysis..........................................................................233 Figure 8.55: Kerry Group: Overall Financials, 2016-2018.................................................................235 Figure 8.56: Kerry Group: Net Revenue (by Region), 2017-2018.....................................................236 Figure 8.57: Kerry Group: Net Revenue (by Business Segment), 2017-2018...................................237
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 20 Figure 8.58: Research and Development: Kerry Group: 2016-2018.................................................237 Figure 8.59: Kerry Group: SWOT Analysis.......................................................................................238 Figure 8.60: Koninklijke DSM N.V.: Overall Financials, 2016-2018...................................................241 Figure 8.61: Koninklijke DSM N.V.: Net Revenue (by Region), 2016-2018.......................................242 Figure 8.62: Koninklijke DSM N.V.: Net Revenue (by Business Segment), 2016-2018....................243 Figure 8.63: Koninklijke DSM N.V.: Net Revenue (by Nutrition Sub-Segment), 2016-18..................244 Figure 8.64: Research and Development: Koninklijke DSM N.V. – 2016-2018.................................245 Figure 8.65: Koninklijke DSM N.V.: SWOT Analysis.........................................................................246 Figure 8.66: Lonza Group AG: Overall Financials, 2016-2018..........................................................248 Figure 8.67: Lonza Group AG: Net Revenue (by Business Segment), 2016-2018...........................249 Figure 8.68: Lonza Group AG: Net Revenue (by Specialty Ingredients Sub-Segment), 2017-2018 250 Figure 8.69: Lonza Group AG: Net Revenue (by Region), 2018 250 Figure 8.70: Research and Development: Lonza Group AG: 2016-2018 251 Figure 8.71: Lonza Group: SWOT Analysis 252 Figure 8.72: Lallemand Inc.: SWOT Analysis 255 Figure 8.73: Novozymes A/S: Overall Financials, 2016-2018 257 Figure 7.74 Novozymes A/S: Net Revenue (by Business Segment), 2016-2018 258 Figure 8.75: Novozymes A/S: Net Revenue ,(by Region), 2016-2018 259 Figure 8.76: Research and Development: Novozymes A/S: 2016-2018 260 Figure 8.77: Novozymes A/S: SWOT Analysis 261 Figure 8.78: Novus International.: SWOT Analysis 264 Figure 8.79: Nutreco: SWOT Analysis 267 Figure 8.80: Sweetpro Feeds: SWOT Analysis 270 Figure 8.81: Vilofoss: SWOT Analysis..............................................................................................273 Figure 9.1: Fermented Feed Ingredient Market Scope 276 Figure 9.2: Report Methodology .......................................................................................................277 Figure 9.3: Primary Interviews Breakdown, by Company, Designation and Region .........................279 Figure 9.4: Sources of Secondary Research....................................................................................280 Figure 9.5: Data Triangulation ..........................................................................................................281 Figure 9.6: Top Down-Bottom-Up Approach for Market Estimation..................................................282
Acronyms Descriptions
List of Acronyms
AFIA American Feed Industry Association
AFMA Animal Feed Manufacturers Association
AFSS Animal Feed Safety System
ANAC Animal Nutrition Association of Canada
APVMA Australian Pesticides and Veterinary Medicines Authority
BIS Bureau of Indian Standards
CFIA Canadian Food Inspection Agency
CFIA China Feed Industry Association
CLFMA Compound Feed Manufacturers Association, India
DAFF Department of Agriculture, Forestry and Fisheries
DLD Department of Livestock Development
EFSA European Food Safety Authority
EMA European Medicines Authority
FAO Food & Agriculture Organization
FEFAC European Feed Manufacturers’ Federation
FEFANA EU Association of Specialty Feed Ingredients and their Mixtures
IFIA Iran Feed Industry Association
JFMA Japan Feed Manufacturers Association
MAFF Ministry of Agriculture, Forestry and Fisheries
MAPA Ministry of Agriculture, Livestock, and Food Supply
MARD Ministry of Agriculture and Rural Development
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 21
MPI Ministry for Primary Industries
NSP Non-starch polysaccharide
NZFMA New Zealand Feed Manufacturers Association
OIE World Organisation for Animal Health
SENASICA National Service for Agroalimentary Public Health, Safety, and Quality
SFDA Saudi Food and Drug Authority
SFMCA Stock Feed Manufacturers’ Council of Australia
Global Fermented Feed Ingredient Market All rights reserved at BIS Research 22
