The Russia feed additives market is anticipated to record a CAGR of 4.4% during the forecast period from 2020-2025.
Russia Feed Additives Market Overview:
Feed additives are used increasingly since last many years with the industrialization of the segment. The cost instability of natural feed sources during past time leads towards the growing use of various feed additives in the animal feed industry. Feed additives work as feed conditioner, supplement and nutrient with all the essential elements for best possible growth of the animals. Processed meat industry, industrialization of the livestock and feed demanded the use of feed additives. This market report further discusses about market drivers, restraints, opportunities and challenges. This market report depicts industry trends, market size, and industry analysis. This analysis report also does market categorization by dividing it into different sub-segments.
Russia Feed Additives Market Dynamics:
Increasing commercial animal’s production for satisfying growing customer demand for meat is going to impel the market during forecast period. In order to fulfill the local demands, Russia is continuously importing animal production. This will drive the market growth. With growing meat intake and huge demand for nutritional products, the market is booming. This market is projected to grow at increasing rate because of the increased government notice to the agricultural and livestock segment of the country. Increasing profits and urbanization demand for the huge livestock product and consequently increase demand for meat based product intake. Poultry meat is the most preferred meat in the market in the year 2019 followed by beef and pork. To fulfill the demand for meet, meat and milk producers are likely to give best feed to the animals for fulfilling the required diet needs. Feed additives are the efficient option through which diet requirements of the animals are fulfilled.
Russia Feed Additives Market Segmentation on the basis of additive type and animal type.
Russia Feed Additives Market Segmentation on the basis of additive type
- Amino acids
- Mycotoxin Detoxifiers Prebiotics
Russia Feed Additives Market Segmentation on the basis of animal type
- Other animal types
Russia Feed Additives Market – Competitive Analysis
The Russia feed additives market is potent due to the few prominent industries dominating the Russia market. The prominent industry players are more focuses on expansion of the business by doing investment in new production unites or obtaining established players in the region. The new location in Russia has the potent to serve the growing demand of nutritional components for addressing the requirements of the increasing Russian animal protein industry. Major players involved in the Russian market are:
- Hansen Holding A/S
- Alltech Inc.
- Kemin Industries Inc.
- Lallemand Inc.
- Cargill Inc.
Biotrof is the first Russian company to develop and sell these feed additives. Feed, feed additives and animal products markets is going to grow hugely in Russia in the upcoming years according to CEO of Biotrof, Georgy Laptev. Biotrof is a Russian industry, which is specialized in developing, producing and selling a huge array of feed additives and feed conservation products. This industry is mainly focuses on novelty and searching for new market niches too. Russia is a huge grain producing country. The production of animals in this country is huge. There is growing demand for feed additives because Russia increased its pig and poultry production. Russian farmers have faith in the best quality of European products however domestic products are more inexpensive. There is increasing use of feed additives because of the antibiotic reduction programs. Feed additives with anti-Mycotoxin properties are in huge demand in Russia due to the comparatively high levels of fibers in crops.