Russia Feed Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 0.94 Billion |
| Market Size (2029) | USD 1.19 Billion |
| CAGR (2024 - 2029) | 4.77 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Russia Feed Additives Market Analysis
The Russia Feed Additives Market size is estimated at USD 0.94 billion in 2024, and is expected to reach USD 1.19 billion by 2029, growing at a CAGR of 4.77% during the forecast period (2024-2029).
With increased meat consumption and demand for quality nutritional products, the market is afloat. Growing Commercial production of animals to satisfy the increasing consumer demand for meat will drive the market during the study period. To meet the local demands Russia continues to import animal produce. According to ITC Trade, in 2018, Russia imported 246,803 tons of animal feed which increased to 251,462 tons in 2019.
Due to increased government attention toward the development of the agricultural and livestock sector of the country, the sector is expected to receive immense financial support. Some of the leading players in the market are Lallemand Inc., Chr. Hansen Holding A/S, Kemin Industries Inc., Cargill Inc., and Alltech Inc.
Russia Feed Additives Market Trends
Growing Preference Towards Meat and Animal Products
Rising incomes and urbanization have led to a surge in livestock production and thereby increasing meat-based product consumption. According to the Organisation for EconomicCo-operation and Development (OECD), in 2019, Poultry meat is the majorly preferred meat in the market followed by pork and beef. The per capita poultry meat consumption was 31.7 Kg in 2019 as compared to 31.4 Kg in 2018. Additionally, the per capita consumption of pork and beef meat was 20.1 Kg 10.3 Kg in 2019. Among the animal types, the poultry segment held the largest market share, accounting for 52.1% of the total feed additives market value in 2022. The increase in feed production for poultry by 5.7% between 2017 and 2022 has contributed to this growth. To meet the demand, meat and milk producers tend to provide quality feed to the animals so as to meet the necessary diet requirements. Feed additives are one of the ways by which the diet requirements of the animals can be met.
Rising Poultry Production Site the Growing Feed Additives Market
According to the National Union of Poultry Breeders, by 2020, manufacturing companies note an increase in orders from retail chains by 30 percent or more, due to the formation of stocks to prevent food shortages because of short-term rush in demand. According to the forecast of the Ministry of Agriculture of Russia, in 2020 poultry production will reach 6.74 million tons, which is 0.5% more than last year. Egg production will grow by 0.1% to reach 44.91 billion. In January-March 2020, the production of poultry for slaughter in live weight in all categories of farms was estimated at 1.6 million tons, which is 2.4% more than the level of the same period in 2019. Egg production in farms of all categories increased by 1.7% to 10.7 billion pieces. This increasing poultry production will further drive the market for feed additives. According to Alltech Feed Survey, in 2019, the country had a total of 571 mills, catering to 40.5 million metric tons production of compound feed.
Russia Feed Additives Industry Overview
The Italy feed additives market is highly concentrated, with the few leading companies accounting for the majority of the market share. The leading players in the market studied are focused on business expansion, by either investing in new production units or acquiring established small players in the region. Some of the leading players in the market are Lallemand Inc., Chr. Hansen Holding A/S, Kemin Industries Inc., Cargill Inc. and Alltech Inc.
Russia Feed Additives Market Leaders
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Lallemand Inc.
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Chr. Hansen Holding A/S
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Alltech Inc.
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Cargill Inc.
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Kemin Industries Inc.
*Disclaimer: Major Players sorted in no particular order
Russia Feed Additives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Additive Type
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5.1.1 Antibiotics
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5.1.2 Vitamins
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5.1.3 Antioxidants
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5.1.4 Amino Acids
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5.1.5 Enzymes
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5.1.6 Mycotoxin Detoxifiers
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5.1.7 Prebiotics
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5.1.8 Probiotics
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5.1.9 Flavors and Sweeteners
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5.1.10 Pigments
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5.1.11 Binders
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5.1.12 Minerals
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5.2 Animal Type
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5.2.1 Ruminants
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Other Animal Types
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Competitor Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc.
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6.3.2 Alltech Inc.
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6.3.3 BASF SE
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6.3.4 Elanco Animal Health
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6.3.5 Danisco Animal Nutrition
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6.3.6 Archer Daniels Midland
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6.3.7 Chr. Hansen Holding A / S
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6.3.8 Novus International Inc.
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6.3.9 Lallemand Inc
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6.3.10 Kemin Industries Inc.
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6.3.11 Nutreco NV
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Russia Feed Additives Industry Segmentation
Feed additives are used in animal nutrition to achieve an effect on the feed itself, improve the performance and health of animals, and enhance the nutritional value of animal products.
The Russia feed additives market is segmented by additive type (antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, flavors and sweeteners, pigments, binders, minerals, and other feed additives) and animal type (ruminants, swine, poultry, and other animal types). The report offers market estimation and forecasts in value (USD million) for all the above segments.
| Additive Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Mycotoxin Detoxifiers | |
| Prebiotics | |
| Probiotics | |
| Flavors and Sweeteners | |
| Pigments | |
| Binders | |
| Minerals |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Other Animal Types |
Russia Feed Additives Market Research FAQs
How big is the Russia Feed Additives Market?
The Russia Feed Additives Market size is expected to reach USD 0.94 billion in 2024 and grow at a CAGR of 4.77% to reach USD 1.19 billion by 2029.
What is the current Russia Feed Additives Market size?
In 2024, the Russia Feed Additives Market size is expected to reach USD 0.94 billion.
Who are the key players in Russia Feed Additives Market?
Lallemand Inc., Chr. Hansen Holding A/S, Alltech Inc., Cargill Inc. and Kemin Industries Inc. are the major companies operating in the Russia Feed Additives Market.
What years does this Russia Feed Additives Market cover, and what was the market size in 2023?
In 2023, the Russia Feed Additives Market size was estimated at USD 0.90 billion. The report covers the Russia Feed Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Feed Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Russia Feed Additives Industry Report
Statistics for the 2024 Russia Feed Additives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Feed Additives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
