Increase in livestock production and growing preference for protein-rich diets to boost demand for animal feed additives, globally, through 2023. According to TechSci Research report, “Global Animal Feed Additive Market By Type, By Livestock, By Region, Competition Forecast & Opportunities, 2013 – 2023’’, the global animal feed additive market is forecast to surpass $ 14 billion by 2023, owing to increasing consumption of animal meat, which is leading to higher production of livestock across the globe.
Important elements of the Global Animal Feed Additive Market
With the rising global population, growing consumption of protein-rich food is being witnessed on account of rising consumer focus on health and reducing risks of diet-related diseases. To improve gut health, muscle health, etc., animal feed is administered with feed additives to supply proper nutrition to the animals. Consequently, increasing focus on the dietary needs of animals is positively impacting the global animal feed additive market.
Browse 83 market data Figures and Tables spread through 104 Pages and an in-depth TOC on "Global Animal Feed Additive Market".
Increasing government regulations pertaining to food safety have coaxed manufacturers of feed additives to comply with the new regulations that analyze risk-based preventive control for animal food manufacturing facilities. New livestock-producing areas are popping up across Europe and North America.
Amino acid type of feed additives is among the most popular product categories as it meets the nutritional requirements of animals and offers a cost-effective means of supplying protein. The poultry sector generates the largest demand for animal health additives, owing to the huge production of guinea, geese, chicken, pigeons, and other domesticated birds across the globe, especially backed by the large-scale requirement for chicken meat.
DSM is the leading player in the global animal feed additive market, as the company offers feed additives for livestock ranging from poultry, swine, and cattle to aquaculture. The company also offers feed additives consisting of enzymes, organic acids, vitamins, and micronutrients.
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“Asia-Pacific controls the largest share in the global animal feed additive market, mainly due to higher livestock production compared to other regions. Demand for animal feed is mainly generated from countries such as China, India, Japan, and Indonesia.
As a result of the growing population in the region, demand for meat and milk products would continue to grow in the coming years, which in turn is anticipated to aid the region’s animal feed additive market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Animal Feed Additive Market By Type, By Livestock, By Region, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of the animal feed additive market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global animal feed additive market.
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According to the new market research report by IndustryARC titled “Animal Feed Additive Market: By Type (Technological & Zoo Technical Feed Additives, Nutritional Feed Additives, Sensory Feed Additives); By Livestock (Swine, Poultry, Cattle, Aquaculture and Others); By Geography - (2014-2020)”, the market is expected to be driven by rising awareness among consumers on quality food.APAC continues to lead the market share and growth during 2018-2023.Asia-Pacific with a major market share is the dominant region due to the high demand from meat producing countries and exporters such as Australia, New Zealand, China and India.
The industrialization of meat production, adoption of scientific feed, propelled by increasing awareness among producers, are driving the demand.Also, APAC is the fastest growing market for feed additives as compared to other regions mainly due to the increasing production and consumption of meat, dairy and co-products.
Additionally, increasing focus on animals’ health and quality of feed in terms of taste and nutritional value is set to fuel the market growth.
This is mainly due to the rising population and demand for poultry meat and eggs, especially in India and China.Selected / Sample Analysis done in the full Report:These are used at various stages in the meat production value chain.
Livestock producers use these animal feed additives in small doses to enhance and maintain overall health of the animal.It also prevents the livestock from various disease outbreaks and helps in increasing overall body mass of the animals.
The rising consumer awareness about the quality of food is playing a key role in driving significant growth for the market.Rapidly rising mass production of meat and meat products is an indicator of growing trend for landless meat production facilities.
Global Animal Feed Additives Market size was estimated at USD 16 billion in 2014.
Growing meat consumption as a key protein source, especially in Asia Pacific and Latin America is expected to be a key driver for market demand over the forecast period.
Increased focus on product innovation, resulting in high R spending is expected to provide new growth opportunities to industry participants.High degree of regulatory intervention in developed markets of North America and Europe, coupled with raw material supply issues are expected to challenge product growth over the next seven years.
Asia Pacific and LATAM animal feed additive markets, which are comparatively less regulated, are expected to reach USD 7.2 billion and USD 2 billion by 2022, respectively.Browse Details of Report@ https://www.hexaresearch.com/research-report/animal-feed-additives-industry/With frequent regulatory updates and increasing R spending, the global feed additive industry is constantly evolving.
In recent times, there has been a significant increase in mergers, acquisitions and partnerships among market participants, in order to enhance product portfolio, gain access to regional markets and to avail synergetic benefits, As a result, we have witnessed companies increasing their presence across the value chain by integrating and diversifying their product portfolio.Key report insights suggest:- Global animal feed additives market was valued at USD 16 billion in 2014 and is expected to reach USD 21.9 billion by 2022, growing at a CAGR of 4% from 2015 to 2022.- Poultry feed additives dominate the market, with revenue estimated at USD 6.1 billion in 2014 and expected to grow at a CAGR of 4.3% from 2015 to 2022.
Aquaculture feed additives market is expected to reach USD 1.29 billion by 2022, with an estimated CAGR of 4.2% over the next seven years.- Amino acids accounted for over 30% of global demand in 2014, with revenue estimated to reach USD 8 billion by 2022.
