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. China and India are witnessing the highest growth among all the other countries in this region. 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. Poultry is the largest segment and is estimated to be the fastest growing during the forecast period 2015-2020. 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. It is used by livestock producers, integrated feed producers, feed mills and premixers. Feed additives are manufactured and marketed by various players in various forms such as premixers, feed mills, and distributors. These players in feed additive market sell feed additives directly to the consumers as their own brands. They also supply feed additives to integrated feed producers where the feed additives are mixed with animal feed that increases the nutritional value of the feedand promotes livestock growth. 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. Use of animal feed additive also reduces the pollutant ratio in animal waste. Once these animals grow and become mature, they are used for meat and dairy products. The animal products such as meat, meat products, and dairy products are traded in regional and international markets. These products are sold to consumers through various distribution channels such as retail shops, online, or are consumed at restaurants. Therefore, feed additives play a significant role in retaining good health of animals and providing good quality of end-products to be consumed by humans.
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https://industryarc.com/Report/226/Animal-Feed-Additives-Market-Research-Report.html
Excerpts on Market Growth Factors Mentioned in the Full Report:
Consumer health is a major concern for many governments across the globe, especially in Europe and North America. 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. Increase in industrial production of meat, especially in emerging economies such as India and China, drive the demand for feed additives.
Growing awareness have created a need for medical assistance in livestock breeding industry that will drive the demand for nutritional feed additives such as vitamins, minerals and amino acids.
Key Players of the Animal Feed Additives Industry:
The major key players of the Animal Feed Additives Market includes Nutreco, Royal DSM N.V and Archer Daniels Midland Company.
Nutreco N.V. acquired two Brazilian companies namely, Fatec Indústria de Nutrição e Saúde Animal Ltda (Brazil) and BRNova Sistemas Nutriconais S.A.(Brazil) to strengthen its distribution network and product portfolio in animal nutrition. DSM also makes use of acquisitions and collaboration with companies to strengthen its product innovation and production capacity. The Archer Daniels Midland Company widened its market share in Central America by establishing distribution and merchandising offices in El Salvador and Guatemala. With this, the company plans to expand its product offerings in Central America.
Animal Feed Additives Market Report is Segmented as below.
Animal Feed Additives Market By Type:
Zoo Technical & Technological Feed Additives
Anti-Oxidants
Antibiotics
Others
Nutritional Feed Additives
Vitamins
Minerals
Amino Acids
Urea & Its Derivatives
Sensory Feed Additives
Animal Feed Additives Market By Livestock:
Swine
Aquaculture
Poultry
Cattle
Others
Animal Feed Additives Market By Geography ( Covers 10+ Countries )
Animal Feed Additives Market Entropy
Companies Citied / Interviewed
Adisseo France Sas
Chr. Hansen A/S
Ei Du Pont De Nemours & Co.
BASF SE
Cargill Inc.
Kemin Industries Inc.
Novozymes A/S
Evonik Industries Ag
Related Report:
Companion Animal Feed Ingredients Market
https://industryarc.com/Report/18088/companion-animal-feed-ingredients-market.html
Neutral Lactase Market
https://industryarc.com/Report/18452/neutral-lactase-market-research-report-analysis.html
What can you expect from the report?
The Animal Feed Additives Market Report is Prepared with the Main Agenda to Cover the following 20 points:
Market Size by Product Categories
Market trends
Manufacturer Landscape
Distributor Landscape
Pricing Analysis
Top 10 End user Analysis
Product Bench marking
Product Developments
Mergers & Acquisition Analysis
Patent Analysis
Demand Analysis ( By Revenue & Volume )
Country level Analysis (12+)
Competitor Analysis
Market Shares Analysis
Value Chain Analysis
Supply Chain Analysis
Strategic Analysis
Current & Future Market Landscape Analysis
Opportunity Analysis
Revenue and Volume Analysis
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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.
