Feed Microbial Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

Description

The global feed microbial market is projected to expand at a value-based CAGR of 5.3% from 2024 to 2031, with revenues anticipated to rise from approximately USD 1.62 billion in 2024 to around USD 2.35 billion by 2031. This growth is driven by rising demand for high-quality animal products, increasing global meat consumption, and a shift towards sustainable and health-focused animal feed options.

As the world's population continues to grow, so does the demand for animal products, particularly in emerging regions. Feed microbial additives have become essential in livestock nutrition, contributing to improved feed quality and animal health. These additives play a significant role in enhancing productivity and efficiency in the livestock sector, fostering higher yields in meat, milk, and other animal-derived products.

Drivers of Growth

1.Rising Meat Consumption: In regions such as the Middle East and Africa, increasing meat demand is prompting local producers to focus on quality while meeting evolving consumer preferences. Feed microbial additives have become increasingly popular, promoting enhanced feed digestibility, immunity, and overall animal health.

2.Role in Poultry Sector: In poultry, direct-feed microbial products help optimize digestion, enhance enzyme activity, and strengthen immune responses. Lactic acid bacteria (LAB) have become particularly favored, known for their ease of use and efficiency in boosting animal health.

3.Antimicrobial Alternatives: With growing resistance to traditional antibiotics, feed microbial products are emerging as effective alternatives, offering natural, immune-boosting benefits without adverse effects.

Business Opportunity

The high costs of storage, transportation, and maintenance for direct-fed microbial products create challenges. However, the demand for these products is rising across various regions, especially in the poultry and cattle sectors. Companies investing in innovative, cost-effective solutions for microbial storage and delivery are positioned to capitalize on this burgeoning market.

Regional Analysis

1.Asia-Pacific Dominance: Asia-Pacific holds a leading position in the global market, constituting approximately one-third of the feed additives market. The region's large livestock sector, particularly in India, China, Vietnam, and Australia, drives demand for feed microbial additives. Additionally, these additives are critical in minimizing livestock-related environmental pollution, further boosting adoption.

2.North America: North America represents 29.60% of the current market share, with the U.S. contributing 27.84% in 2023. Poultry feed dominates this segment, with amino acids and probiotics showing rapid expansion. Innovations in production technology are prevalent in this region, focusing on high-efficiency, cost-effective solutions.

3.Europe: The European market holds a 28.17% share and is characterized by strict regulations on antibiotics in animal feed. The European Commission's 2006 ban on antibiotics in feed has fueled demand for organic and natural feed microbial products, driving growth in this region.

Competitive Analysis

The feed microbial market is highly competitive, with a significant presence of multinational corporations and local players. Major companies invest substantially in research and development to produce effective, high-quality microbial products at affordable prices for farmers. Market penetration strategies involve targeted advertising and leveraging social media to reach a wider customer base.

Key Players

Leading companies in the feed microbial market include:

Biovet S.A.
Neospark Drugs and Chemicals Private Limited
Synbio Tech Inc.
PERFORMANCE PROBIOTICS, LLC
Novoartis (Biocamp)
Sci-Tech Premixes, Inc.
Golden link.
Tangerine Group Ltd
Archer Daniels Midland Company
E. I. du Pont de Nemours and Company
Lallemand Inc.
A/B Technologies International
Diamond Mills Inc.
ASAHI CALPIS WELLNESS CO., LTD
ProbioFerm
American Biosystems
Fertrell
Hiland Naturals
Others

These companies are at the forefront of innovation, offering advanced solutions tailored to the needs of the livestock industry worldwide.

Segmentation of Feed Microbial Market

By Form:

Powders
Liquids / Gels
Tablets

By Type:

Bacteria
- Lactobacillus
- Other Bacteria
Yeast

By Livestock:

Poultry
Ruminants
Swine
Aquatic Animals
Others (Equine & Pets)

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

1. Executive Summary

1.1. Global Feed Microbial Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Feed Microbial Production Output, by Region, Value (US$ Bn) and Volume (Metric Tons), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2024

4.1. Global Average Price Analysis, by Form, US$ Per Metric Ton, 2024
4.2. Prominent Factor Affecting Feed Microbial Prices
4.3. Global Average Price Analysis, by Region, US$ Per Metric Ton, 2024

5. Global Feed Microbial Market Outlook, 2019-2031

5.1. Global Feed Microbial Market Outlook, By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Tablets
  - 5.1.1.2. Liquid/Gels
  - 5.1.1.3. Powders
5.2. Global Feed Microbial Market Outlook, By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Yeast
  - 5.2.1.2. Bacteria
    - 5.2.1.2.1. Lactobacillus
    - 5.2.1.2.2. Other Bacteria
5.3. Global Feed Microbial Market Outlook, By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Poultry
  - 5.3.1.2. Swine
  - 5.3.1.3. Aquatic Animals
  - 5.3.1.4. Swine
  - 5.3.1.5. Others
5.4. Global Feed Microbial Market Outlook, by Region, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa

6. North America Feed Microbial Market Outlook, 2019-2031

6.1. North America Feed Microbial Market Outlook, By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Tablets
  - 6.1.1.2. Liquid/Gels
  - 6.1.1.3. Powders
6.2. North America Feed Microbial Market Outlook, By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Yeast
  - 6.2.1.2. Bacteria
    - 6.2.1.2.1. Lactobacillus
    - 6.2.1.2.2. Other Bacteria
6.3. North America Feed Microbial Market Outlook, By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Poultry
  - 6.3.1.2. Swine
  - 6.3.1.3. Aquatic Animals
  - 6.3.1.4. Swine
  - 6.3.1.5. Others
6.4. North America Feed Microbial Market Outlook, by Country, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S. Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 6.4.1.2. U.S. Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 6.4.1.3. U.S. Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 6.4.1.4. Canada Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 6.4.1.5. Canada Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 6.4.1.6. Canada Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Feed Microbial Market Outlook, 2019-2031

7.1. Europe Feed Microbial Market Outlook, By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Tablets
  - 7.1.1.2. Liquid/Gels
  - 7.1.1.3. Powders
7.2. Europe Feed Microbial Market Outlook, By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Yeast
  - 7.2.1.2. Bacteria
    - 7.2.1.2.1. Lactobacillus
    - 7.2.1.2.2. Other Bacteria
7.3. Europe Feed Microbial Market Outlook, By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Poultry
  - 7.3.1.2. Swine
  - 7.3.1.3. Aquatic Animals
  - 7.3.1.4. Swine
  - 7.3.1.5. Others
7.4. Europe Feed Microbial Market Outlook, by Country, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.2. Germany Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.3. Germany Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.4. U.K. Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.5. U.K. Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.6. U.K. Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.7. France Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.8. France Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.9. France Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.10. Italy Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.11. Italy Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.12. Italy Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.13. Turkey Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.14. Turkey Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.15. Turkey Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.16. Russia Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.17. Russia Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.18. Russia Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.19. Rest of Europe Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.20. Rest of Europe Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 7.4.1.21. Rest of Europe Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Feed Microbial Market Outlook, 2019-2031

8.1. Asia Pacific Feed Microbial Market Outlook, By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Tablets
  - 8.1.1.2. Liquid/Gels
  - 8.1.1.3. Powders
8.2. Asia Pacific Feed Microbial Market Outlook, By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Yeast
  - 8.2.1.2. Bacteria
    - 8.2.1.2.1. Lactobacillus
    - 8.2.1.2.2. Other Bacteria
8.3. Asia Pacific Feed Microbial Market Outlook, By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Poultry
  - 8.3.1.2. Swine
  - 8.3.1.3. Aquatic Animals
  - 8.3.1.4. Swine
  - 8.3.1.5. Others
8.4. Asia Pacific Feed Microbial Market Outlook, by Country, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 8.4.1. Key Highlights
  - 8.4.1.1. China Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.2. China Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.3. China Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.4. Japan Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.5. Japan Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.6. Japan Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.7. South Korea Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.8. South Korea Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.9. South Korea Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.10. India Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.11. India Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.12. India Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.13. Southeast Asia Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.14. Southeast Asia Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.15. Southeast Asia Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.16. Rest of Asia Pacific Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.17. Rest of Asia Pacific Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 8.4.1.18. Rest of Asia Pacific Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Feed Microbial Market Outlook, 2019-2031

9.1. Latin America Feed Microbial Market Outlook, By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Tablets
  - 9.1.1.2. Liquid/Gels
  - 9.1.1.3. Powders
9.2. Latin America Feed Microbial Market Outlook, By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Yeast
  - 9.2.1.2. Bacteria
    - 9.2.1.2.1. Lactobacillus
    - 9.2.1.2.2. Other Bacteria
9.3. Latin America Feed Microbial Market Outlook, By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Poultry
  - 9.3.1.2. Swine
  - 9.3.1.3. Aquatic Animals
  - 9.3.1.4. Swine
  - 9.3.1.5. Others
9.4. Latin America Feed Microbial Market Outlook, by Country, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.2. Brazil Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.3. Brazil Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.4. Mexico Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.5. Mexico Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.6. Mexico Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.7. Argentina Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.8. Argentina Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.9. Argentina Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.10. Rest of Latin America Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.11. Rest of Latin America Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 9.4.1.12. Rest of Latin America Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Feed Microbial Market Outlook, 2019-2031

10.1. Middle East & Africa Feed Microbial Market Outlook, By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Tablets
  - 10.1.1.2. Liquid/Gels
  - 10.1.1.3. Powders
10.2. Middle East & Africa Feed Microbial Market Outlook, By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Yeast
  - 10.2.1.2. Bacteria
    - 10.2.1.2.1. Lactobacillus
    - 10.2.1.2.2. Other Bacteria
10.3. Middle East & Africa Feed Microbial Market Outlook, By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 10.3.1. Key Highlights
  - 10.3.1.1. Poultry
  - 10.3.1.2. Swine
  - 10.3.1.3. Aquatic Animals
  - 10.3.1.4. Swine
  - 10.3.1.5. Others
10.4. Middle East & Africa Feed Microbial Market Outlook, by Country, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.2. GCC Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.3. GCC Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.4. South Africa Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.5. South Africa Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.6. South Africa Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.7. Egypt Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.8. Egypt Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.9. Egypt Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.10. Nigeria Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.11. Nigeria Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.12. Nigeria Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.13. Rest of Middle East & Africa Feed Microbial Market By Form, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.14. Rest of Middle East & Africa Feed Microbial Market By Type, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
  - 10.4.1.15. Rest of Middle East & Africa Feed Microbial Market By Livestock, Value (US$ Bn) and Volume (Metric Tons), 2019-2031
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2024
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. Biovet S.A.
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Sci-Tech premixes, Inc.
  - 11.3.2.1. Company Overview
  - 11.3.2.2. Product Portfolio
  - 11.3.2.3. Financial Overview
  - 11.3.2.4. Business Strategies and Development
- 11.3.3. Lallemand Inc.
  - 11.3.3.1. Company Overview
  - 11.3.3.2. Product Portfolio
  - 11.3.3.3. Financial Overview
  - 11.3.3.4. Business Strategies and Development
- 11.3.4. Diamond Mills Inc.
  - 11.3.4.1. Company Overview
  - 11.3.4.2. Product Portfolio
  - 11.3.4.3. Financial Overview
  - 11.3.4.4. Business Strategies and Development
- 11.3.5. American Biosystems
  - 11.3.5.1. Company Overview
  - 11.3.5.2. Product Portfolio
  - 11.3.5.3. Financial Overview
  - 11.3.5.4. Business Strategies and Development
- 11.3.6. ProbioFerm
  - 11.3.6.1. Company Overview
  - 11.3.6.2. Product Portfolio
  - 11.3.6.3. Financial Overview
  - 11.3.6.4. Business Strategies and Development
- 11.3.7. Fertrell
  - 11.3.7.1. Company Overview
  - 11.3.7.2. Product Portfolio
  - 11.3.7.3. Financial Overview
  - 11.3.7.4. Business Strategies and Development
- 11.3.8. Hiland Naturals
  - 11.3.8.1. Company Overview
  - 11.3.8.2. Product Portfolio
  - 11.3.8.3. Financial Overview
  - 11.3.8.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations