Global Feed Mold Inhibitors Market - 2023-2030

Overview

Global Feed Mold Inhibitors Market reached US$ 1.41 billion in 2022 and is expected to reach US$ 1.94 billion by 2030, growing with a CAGR of 4.12% during the forecast period 2023-2030.

The global feed mold inhibitors t market has witnessed significant growth and transformations over the years, The livestock industries are adopting these feeds as they help prevent the growth of molds, fungi and other microorganisms. They also help maintain the integrity of the feed's nutritional components, leading to improved digestibility and nutrient absorption by animals. Such factors help in driving the global feed molds inhibitors market.

Furthermore, many manufacturing companies are producing high-quality products in order to attract a larger consumer base. For instance, Kemin Companie produces Myco Curb, a blend of organic acids, which is formulated to inhibit mold growth in processed feed ingredients, for complete feed, and total mixed rations. It also contains propionic acid, blended with sorbic and benzoic acids. It is buffered for improved equipment and employee safety and contains surfactants, which help uniformly spread the product. Such products help in increasing the adoption rate.

The propionated segments accounts for over half of the market share. Similarly, the Asia-Pacific dominates the feed mold inhibitors t market, capturing the largest market share of over 1/3rd. The increase in poultry prodduction and consumption led to increase in the usage of feed molf inhibitors market. Austraila remians the largest consumer as the has increased 2.9 billion in 2023.

Dynamics

Increase in Demand for High-quality Animal feed Products

The demand for high-quality products is increasing as a consumer are becoming more conscious about food safety. The mold inhibitors in animal feeds can help eliminate the molds which help promote optimal growth and reproductivity. It also helps the increase in absorption of nutrients which helps in increasing the quality. Hence, it can lead to an increase in the adoption rate.

Furthermore, the an increase in the consumption of livestock as they provide high protein, For instance, according to the USDA report of 2023, in the US in 2021, 68.1 pounds of chicken per person were available for human consumption. It can help in increasing the usage of feed mold inhibitors by manufacturers to produce high-quality products.

Increase in demand for Effective Mold Treatments in Feeds

The demand for effective mold treatments in feeds is increasing as the presence of molds in contaminated feed can lead to various health problems in animals, such as digestive issues, reduced growth rates, immune suppression, and reproductive problems. Manufacturers and farmers are adopting mold inhibitors in animal diets to reduce the disease and increase quality and productivity.

Furthermore, many manufacturing companies are producing high-quality products in order to attract larger consumer bases. For instance, Perstop Holding AB company produces ProSid MI 700, it is an acid preservative for all types of feeds and grains, which quickly and effectively kills all types of yeast and mold and maintains nutritional value at a high level. Such products can help increase the usage of feed mold inhibitors.

Decrease in Livestock Farming

The livestock farming practices are being reduced which can significantly affect the feed mold inhibitor market. As the vegan population is increasing continuously it causes a decrease in livestock farming practices and also due to less availability of feed raw materials in the market lead to declination of the feed mold inhibitor market.

Furthermore, the livestock population is being reduced due to the disease, and contaminated feeds. For instance, according to the Eurostat report of 2023, the European livestock population in November/ December 2022, there were 134 million pigs which is a 5% decline from 2021, and in France and Italy declined bovine animal population which is 2/3rd of the overall european. This decline in population rate can hamper the global feed mold inhibitors market.

Segment Analysis

The global Feed Mold Inhibitors t market is segmented based on type, product, source, livestock, distribution channel, application and region.

Increase in Deamd for Nutritive Feed

The Propionates segment holds the maximum share in the global feed mold inhibitors market. The farmers and livestock industries are highly adopting these propionates effective in inhibiting the growth of a wide range of molds and fungi and increasing nutrient availability in the feed. They also help in extending the shelf life of products, hence it can lead to an increase in the market for feed mold inhibitors market.

Furthermore, many manufacturers are producing high-quality products in order to expand their portfolios. For instance, BASF company produces Luprosil propionic acid, which is a preservative and mold-inhibiting property that reduces molds, yeasts and bacteria, Improvement of the fermentation process, prevention of reheating. Such products can help in increasing the adoption rate.

Geographical Penetration

Increase in Poultry Production and Increase in Meat Consumption

Asia-Pacific has been a dominant force in the global feed mold inhibitors market and its significance has only grown in the post-2020 era. Livestock industries in this region are adopting these feed mold inhibitors in animal diets as they effectively kill the molds and increase the nutrient absorption in animals which helps in increasing productivity, hence it can lead to an increase in the adoption rate in this region.

Furthermore, poultry farming in this region is increasing as the demand for high-protein products among consumers is increasing. For instance, according to the Safe Food Production Queensland report of 2023, the gross value of Australian poultry meat production is $2.9 billion which has increased from 1.2 million tons in 2019-20. This helps in increasing the usage of feed mold inhibitors.

Additionally, the demand for meat consumption in this region is increasing because of an increase in health consciousness, for instance, according to the same report Australians consume 47.46kg of chicken per person. The total value of poultry meat exports was US$85 million in 2019-20. This can lead to an increase in the usage of feed mold inhibitors

Competitive Landscape

The major global players in the market include Cargill Incorporated, BASF SE, Syngenta AG, UPL, KEMIN, Perstorp Holding AB, Trouw Nutrition, Adisseo, Alltech and DSM.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain, Due to government lockdown restrictions many manufacturing companies were shut down which led to a limitation of availability of raw materials in the market, which led to a lower adoption rate. This shows a negative impact on the global feed mold inhibitors market.

Furthermore, during COVID-19 many people started adopting high-protein diets which increased meat production and consumption This led to increases in the usage of nutritious diets in animal feeds, and the demand for effective disease treatments also increased due to high-quality demand which led to an increase in feed mold inhibitors market.

Russia-Ukraine War Impact Analysis

The ongoing conflict between Russia and Ukraine has brought a disruption in the country's economy, which has led to disruption in the supply chain as many manufacturing companies are shut down due to low employment, exports, and import rates, which led shown a negative impact on global feed mold inhibitors market.

Furthermore, the livestock farming are also disrupted due to ledd availability of raw matterials in the market, and people started investing more on essential items which led to decrese in the adoption of feeds for animals , this led to negitive impact on global feed mold inhibitors market.

By Type

• Natural
• Synthetic

By Product

• Propionates
• Benzoates
• Sorbates
• Natamycin
• Others

By Source

• Plant
• Animal
• Microorganism
• Others

By Livestock

• Cattle
• Poultry
• Swine
• Aquaculture
• Others

By Distribution Channel

• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Application

• Compound Feed
• Feed Premix
• Feed meal
• Silage
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In June 2022, Wilbur-Ellis Nutrition entered into a definitive agreement to acquire F.L. Emmert, a manufacturer and marketer of nutritional solutions. The acquisition will expand the product and customer base in pet food with value-added products.
• In June 2022, the Iowa Poultry Association (IPA) and the Chicken and Egg Association of Minnesota (CEAM) are merged. This merger will allow us to better serve our producers and allied members.
• In June 2022, DSM-Firmenich, a global purpose-led science-based company acquire Prodap, a Brazilian animal nutrition and technology company that combines technology offerings, consulting services, and customized nutritional solutions to drive efficiency and sustainability in animal farming.

Why Purchase the Report?

• To visualize the global Feed Mold Inhibitors t market segmentation based on type, product, source, livestock, distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed mold inhibitors market with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global Feed Mold Inhibitors t market report would provide approximately 81 tables, 91 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies