Feed additives are the functional ingredients added to the feed to aid healthy growth of animals. There are various types of feed additives catering to a host of nutritional requirements depending upon livestock. The animal feed additive market can be mainly analyzed by types of additives, livestock and geography. By type, the animal feed additive market is divided into Technological & Zoo technical feed additives, Nutritional Feed Additives, and Sensory Feed Additives. By livestock, the animal feed additive market is segmented into swine, poultry, cattle, aquaculture and others. According to a recent study from IndustryARC, the global animal feed additive market is estimated to grow at a CAGR of 4.2% and reach $27.2 bn by 2020.
Browse 64 Market Tables, 27 Figures spread through 131 Pages and an in-depth TOC on “Global Animal Feed Additive Market (2015 - 2020)”:
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In the recent past, the demand for feed additives has witnessed growth due to growing awareness among farmers, decreasing quality of natural feed and rising nutrient deficiency disorders in animals. The increasing industrialization of meat production in emerging economies such as China, India, and Vietnam is providing impetus to the animal feed additive market growth. This growth is also however fostering unhygienic growing practices among few famers to cut down operation costs. The risk for disease outbreaks is increasing due to mal practices such as cramping animals in cages, supply of substandard feed, lack of proper health checks and preventive measures. Use of feed enzymes in feedstuffs protect the livestock from such outbreaks and ensure healthy growth. Growing awareness have created a need for medical assistance in livestock breeding industry that will drive demand for nutritional feed additives such as vitamins, minerals and amino acids.
Technological & zoo technical type of feed additive holds the major share in global animal feed additive market in 2014. Growing concerns about the quality of meet is poised to fuel the growth of nutritional feed additives during the forecast period. Feed prebiotics & probiotics are estimated to be the fastest growing segment during 2015-2020. Amino acids hold more than half of the market share in nutritional animal feed additive market and are forecast to be the fastest growing segment during 2015-2020. Asia-Pacific is the most dominant market for animal feed additive and is estimated to reach $9,030.1m by 2020 at a rate of 5.1% CAGR.
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The Major Players in this Market Include:
- Nutreco N.V.
- Royal DSM N.V
- Archer Daniels Midland Company
- BASF SE
- Adisseo France SAS
The global market of animal feed additive is fragmented. Frequent product launches, acquisitions and expansion are few of the growth strategies the key players in the industry are striving to increase their market share.
Various stakeholders included in the report are:
- Feed Manufacturers
- Feed Additive Manufacturers
- Academic Institutions
- Animal Feed Safety Regulatory Authorities
- Distributors and Suppliers of Feed and Feed Additives
- Government Regulatory Institutions
- Meat Producers, Premixers, Integrated Feed Producers
- Farmers
The overall animal feed additive market is also presented from the perspective of different geographic regions and the key countries for this industry.
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