The market demand will gradually upgrade in 2021. The market development prospect of functional feed additives is good
Functional feed additives mainly refer to the additives that enter the animal body to play a certain biological function through feed addition. There are many kinds of functional feed additives. According to different material functions, functional feed additives can be divided into growth regulators, feeding regulators, metabolic regulators, immune regulators, microecological regulators and other kinds. In recent years, with the continuous improvement of the residents' level in China, the market demand for meat products has increased, which has led to the continuous expansion of the scale of animal husbandry in China and further driven the growth of the market demand for functional feed additives in China.
In 2018, the Ministry of Agriculture and Rural Affairs issued the Work Plan for the Pilot Action of Reducing the Use of Veterinary Antibacterial Drugs (2018-2021), which defined the schedule for reducing and limiting resistance at the feed end. The feed "anti drug ban order" has been fully implemented, which has promoted the feed additive industry to develop in the direction of health, safety, functionality, nutrition and efficiency. In this context, the functional feed additive industry has ushered in a good opportunity for development.
With the improvement of residents' consumption capacity, residents have higher requirements for the color, meat quality, taste and health care functions of meat products, which constantly promote the development of the feed additive industry to the functional direction. With the development of animal nutrition, pharmacology, feeding science, bioengineering and other disciplines, as well as the continuous deepening of related research, more and more materials and new technologies are applied to the manufacturing of feed additives, such as plant essential oil, microecological agents, Chinese herbal medicine additives, bacillus, yeast and other materials. The functional development trend of the feed additive industry is increasingly obvious.
According to the Feasibility Study Report on China's Functional Feed Additive Market from 2021-2025 released by the Xinsijie Industry Research Center, in recent years, the overall market development of China's feed additive industry is good, and the industry output continues to increase. According to the data of China Feed Industry Association, in 2020, the output of China's feed additive industry will reach 13.908 million tons, with a year-on-year growth of 16.0%, Among them, the output of functional feed additives such as enzyme preparations and microbial preparations maintained a rapid growth, with year-on-year growth rates of 15.1% and 22.7% respectively. There are many enterprises that distribute functional feed additives in China, mainly including Haida Group, Ulan Bio, Yiduoli, Lukang Biochemical, New Hope Liuhe and other enterprises. As one of the upgrading directions of the feed additive industry, the market development of functional feed additives continues to improve, and the proportion of functional feed additives in the feed additive market also gradually increases.
With the comprehensive implementation of the feed "anti ban order" and the upgrading of market demand, the functional development trend of the feed additive industry has become increasingly obvious, and the functional feed addition market has ushered in a good opportunity for development. Functional feed additive is one of the upgrading directions of feed additive industry. With the continuous increase of market participants and the continuous release of market demand, the development prospect of functional feed additive market is good.