Russia Feed Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Russia Feed Additives Market is segmented By Additives Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavours and Sweeteners, Pigments, Binders, and Minerals), By Animal Type (Ruminant, Poultry, Swine, and Others). 

Market Snapshot

Feed Additives
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.4 %

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Market Overview

The Russia feed additives market is projected to register a robust CAGR of 4.4%, over the forecast period of 2020-2025. 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.

Scope of the report

With the industrialization of the sector, the use of feed additives has been increasing over the years. The price volatility of natural feed sources during the past decade leads to an increment in the usage of different feed additives in the animal feed industry. Industrialization of the livestock, feed, and processed meat industry has necessitated the application of feed additives, as they act as a supplement, nutrient enhancer, feed conditioner, etc., with all required essential elements for optimum growth of the animals.

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

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Key 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. In order 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.

Russia Feed Additives Market

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 Market

Competitive Landscape

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. In April 2017, Kemin Industries opened its manufacturing and laboratory facilities in Lipetsk. Russia. The new location has the capacity to serve the increasing demand for specialized nutritional ingredients, to address the needs of the rapidly growing Russian animal protein industry.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Additive Type

      1. 5.1.1 Antibiotics

      2. 5.1.2 Vitamins

      3. 5.1.3 Antioxidants

      4. 5.1.4 Amino Acids

      5. 5.1.5 Enzymes

      6. 5.1.6 Mycotoxin Detoxifiers

      7. 5.1.7 Prebiotics

      8. 5.1.8 Probiotics

      9. 5.1.9 Flavors and Sweeteners

      10. 5.1.10 Pigments

      11. 5.1.11 Binders

      12. 5.1.12 Minerals

    2. 5.2 Animal Type

      1. 5.2.1 Ruminants

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Other Animal Types

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill Inc.

      2. 6.3.2 Alltech Inc.

      3. 6.3.3 BASF SE

      4. 6.3.4 Elanco Animal Health

      5. 6.3.5 Danisco Animal Nutrition

      6. 6.3.6 Archer Daniels Midland

      7. 6.3.7 Chr. Hansen Holding A / S

      8. 6.3.8 Novus International Inc.

      9. 6.3.9 Lallemand Inc

      10. 6.3.10 Kemin Industries Inc.

      11. 6.3.11 Nutreco NV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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Frequently Asked Questions

The Russia Feed Additives Market market is studied from 2016 - 2026.

The Russia Feed Additives Market is growing at a CAGR of 4.4% over the next 5 years.

Lallemand Inc. , Chr. Hansen Holding A/S, Alltech Inc., Cargill Inc., Kemin Industries Inc. are the major companies operating in Russia Feed Additives Market.

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