By the conclusion of the forecast year, the global Dry Specialty Feed market is expected to have grown at a CAGR of over 5%, with a value pool of over US$ 14.5 billion (2019-2027). Innovations in animal husbandry, disease outbreaks in livestock, and newer health perspectives on animal nutrition are driving up demand for Dry Specialty Feed. Dry Specialty Feed are essential for maintaining digestive health and boosting feed palatability.
Currently, large-scale investments in research and development by key players have aided manufacturers in shifting away from conventional feed additives in favour of Dry Specialty Feed, which provide outstanding characteristics such as enhanced palatability, prevention of mycotoxin deaths, and ingredient preservation in food.
Dry Specialty Feed Market: Key Takeaways
- The market for Dry Specialty Feed in India, China, and Japan is predicted to boom as the countries’ purchasing power improves.
- The acidifiers section is expected to be the fastest expanding segment throughout the projected period, with a CAGR of 6%. Acidifiers are gaining popularity in the modern chicken farming industry as a way to treat disorders like ascites, which are caused by microbial invasion.
- Key players’ significant R&D efforts are assisting in the creation of Dry Specialty Feed with increased nutrient content, as well as the acquisition of regional players, primarily in the Asia Pacific region.
- Increased regulations and a lack of awareness of specialised feed additives for those living in remote areas are also posing challenges to the Dry Specialty Feed market.
“With commercial productivity being directly linked to an animal’s general health, the global market will be boosted over the projection period by increasing uses of Dry Specialty Feed paired with the engagement of various additive makers,” according to Fact. MR expert
Rising Frequency of Zoonotic Diseases to Enhance Specialty Feed Uptake?
Various zoonotic illnesses have been on the rise in recent years all across the world. Animals of all kinds have been found to have a variety of bacterial, viral, and parasitic infections. Furthermore, their widespread distribution has presented a significant threat to human survival, with the current COVID-19 pandemic being a well-documented example.
According to the World Health Organization, zoonoses account for a significant portion of all newly discovered infectious diseases, with certain infections, such as HIV, beginning as zoonoses before evolving into human-only forms. As a result, efforts are being made around the world to reduce this occurrence.