The need for feed additives is related to animal feed production and therefore the consistent demand for meat and dairy products is expected to drive growth of this market in Australia and New Zealand.
The new Frost & Sullivan research service titled Australian & New Zealand Animal Feed Additives Market provides an overview of the market size (by revenue and by volume) for the total animal feed additive market. A complete analysis of key market drivers, restraints, and trends that are affecting the market participants is provided.
The feed additives for which forecasts are provided in this study are:
-Feed enzymes – non-starch polysaccharides (NSPs) and phytases
-Feed amino acids – methionine, lysine, threonine, and tryptophan
-Feed vitamins – vitamin A (retinol), vitamin E (tocopherol), vitamin B1 (thiamin), vitamin B3 (niacin), and vitamin D3 (cholecalciferol)
A market overview is also provided for the following feed additives:
-Direct-fed microbial products
AGP ban drives demand for alternatives
With the ongoing debate over antimicrobial resistance and its effect on human beings, alternatives to antimicrobial growth promoters are likely to gain R&D funding support and consequent volumes of uptake by end users.
For example, under the Commercial Ready Scheme, AusIndustry awarded a $2.1 million grant to BioDiem, an Australian biopharmaceutical development company working on a non-antibiotic antimicrobial, to enhance growth and feed conversion in chickens.
The most prominent alternatives that are likely to gain at the expense of antimicrobials are feed enzymes, direct-fed microbials, feed acidifiers and essential oils.