Russia Feed Additives Market - Growth, Trends and Forecasts (2020 - 2025)

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.

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.

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.

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.

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