ADM and Sumitomo (Japan) are the Key Players in the Feed Amino Acids Market
The key players identified in the global feed amino acids market include ADM (US), Sumitomo (Japan), Evonik (Germany), CJ CheilJedang (South Korea), Ajinomoto Co., Inc. (Tokyo), and Adisseo (China). Apart from these companies, Phibro (US), Meihua Holdings (China), Kemin (US), Novus (US), Global Bio-Chem (Hong Kong), and Sunrise Nutrachem (China) are also the major manufacturers in the feed amino acids market.
The key players adopted strategies such as expansions, new product launches, acquisitions, agreements, and partnerships to increase their market presence and revenue generation. The global players have established large distribution networks across the world and follow extensive cross-selling marketing strategies. These key players mainly focus on strengthening their market presence by establishing new production and distribution facilities in untapped and potential markets. The trend of using feed amino acids to increase the feed conversion ratio in livestock, subsequently resulting in an increased production of animal-based products, has increased the competitive rivalry among players.
ADM is one of the leading companies in the animal feed additives industry and is known for its premier-quality feed. The company operates globally, which helps it achieve a greater market share at a global level. The strategic acquisitions made by the company, along with its investments, have helped in establishing a global presence. ADM Alliance Nutrition, Inc. (US), a subsidiary of ADM, offers high-quality feed ingredients and feed. The company also provides customized technical services and is involved in research & development activities to optimize efficiency and increase profitability. New opportunities in the feed industry, such as the demand for natural products, can help in increasing the profitability of the company. In June 2017, ADM entered into a strategic collaboration with Anco Animal Nutrition Competence (Austria), which allowed ADM to offer amino acid products offered under Anco’s line of specialty feed ingredients. In January 2017, ADM acquired Crosswind Industries (US), a producer of dry-expanded, dual-texture, semi-dry, and semi-moist treat products for pets.
Sumitomo (Japan) has emerged as the strongest competitor in Japan and China, and it has adopted aggressive strategies to enter the global market. It has been improving its stand in the European market through acquisitions, expansions, and joint ventures at regular intervals. The company has been gaining access to the European and Latin American markets through Valent BioSciences Corporation (US). It availed distribution access by providing licenses to leading agrochemical companies. In October 2017, Sumitomo set up an animal feed analysis capabilities center at the Latin America Research Center, operated by its Group company, Sumitomo Chemical Brazil, which provides technical support services for feed millers who are customers of Sumitomo Chemical’s methionine business. In November 2017, it entered into a joint venture with Itochu Corporation (Japan) for the distribution collaboration of methionine, which helped to support the sales of methionine with a certain volume of methionine to be distributed through Itochu.
Related Reports:
Feed Amino Acids Market by Type (Lysine, Methionine, Threonine, Tryptophan), Livestock (Ruminants, Swine, Poultry, Aquaculture), Form (Dry, Liquid), and Region (North America, Europe, Asia Pacific, South America and RoW) - Forecast to 2022
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