Market Trends of United Kingdom Feed Additives Industry
Increased Industrial Livestock Production
The growing demand for livestock products is driving significant changes on the supply side that are aimed at improving livestock product yields. New capital-intensive technologies have made the production of poultry and pig meat in industrial style production facilities possible across the country where land is limited. Industrial-scale livestock production makes optimum use of high-quality feed to improve efficiencies in the production process, improve feed conversion ratios, and enhance animal muscle mass and protein content. With the adoption of industrial-scale livestock production by a larger number of farmers, the production of feed additives needs to improve, in order to cater to this large production base of high-quality compound feed. However, enabling policies by various governments is expected to go a long way in maintaining or enhancing the supply, in order to meet the demand. This is expected to boost the global feed additives market during the forecast period.
Increasing Demand For High Value Animal Protein
There is increasing pressure on the livestock industry, to meet the growing demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in global livestock production. The level of income and consumption of animal protein is directly related to the consumption of milk, meat, and eggs, which are increasing at the expense of staple foods. Due to the decline in prices of meat and meat products, developing countries are beginning to consume a large quantity of meat, at a much lower level of the gross domestic product than industrialized countries did two-three decades back. Urbanization has led to increased demand for meat and milk products in cities compared to the rural areas. Cities have varied diets, rich in animal protein and fat. Demand for the high-quality compound feed from the livestock industry, due to increased industrial production of meat and dairy products has elicited the growth in consumption of compound feed and feed additives. The raw materials used for compound feed production, such as maize, barley, soybean, are used for human consumption and production of ethanol. In this scenario, the feed industry competes with the food industry for raw materials.
