Adroit Market Research today published a study on the “Global Animal Feed Additives Market Size 2017 by Type [Antioxidants, Antibiotics, Amino acids (Tryptophan, Lysine, Methionine, Threonine, and Others), Vitamins (A, E, B, C, and Others), Feed enzymes (Non-Starch Polysaccharides, Phytase), Feed Acidifiers and Others], by Livestock (Poultry, Cattle, Pork/Swine, Aquaculture, and Others), By Region and Forecast 2018 to 2025”.
The global animal feed additives market was valued at USD 17.56 billion in 2017. Increase in demand for healthy milk and meat products owing to rising concerns over food quality due to the outbreak of livestock diseases is driving the growth of global animal feed additives market size.
The global animal feed additives market outlines the current market trends and dynamics including drivers, restraints, and opportunities across different regions that are majorly affecting the market. The report also provides a deep and better understanding of the fastest growing region, growth trends, and strategies of the key players which is bound to impact the global animal feed additives market size over the forecast period between 2018 and 2025.
The global animal feed additives market size is projected to be valued at USD 22.97 billion by 2025. This growth is primarily attributed to the rising per capita consumption of meat, milk, and eggs on account of changing consumer food behavior and this has provided an impetus to the increased feed production for the pig, broiler and dairy industries.
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Feed additives are the functional ingredients added to feed in order to improve animal growth. Feed production has become an increasingly global phenomenon. According to the International Feed Industry Federation (IFIF), the U.S., European Union, China, and Brazil are the leaders in the compound feed production.
By type, antibiotics are expected to register a moderate CAGR of 2.3% from 2018 to 2025 in the global animal feed additives market. Since the past few years, antibiotics have been widely utilized in optimum quantities in the animal feed production, to improve their growth performance. However, accumulation of microbes leads to antimicrobial resistance which has forced various governmental organizations such as the European Union Commission to phase out and ultimately ban the marketing and use of antibiotics as feed growth promoters.
Recent disease outbreaks in livestock animals such as swine flu, bird flu, foot and mouth infections have surged the need for quality and safety of meat and meat products, thus, driving the need for specialty additives. Growing livestock breeding has generated a need for medical assistance and in turn drive the demand for nutritional feed additives such as amino acids, vitamins, and minerals during the forecast years. Also, rising pork production in developing countries such as China, Russia, Kenya, and others are witnessing a rebound in pig feed production and favorable governmental policies enhance domestic production and imports, thus, boosting the global animal feed additives market. The growing global demand for protein-rich diet is expected to significantly catapult the market growth.
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In 2017, amino acids market in animal feed was valued at USD 5.64 billion growing with an above average CAGR from 2018 to 2025. As per NRC (National Research Council), U.S., amino acids improve the efficiency of protein utilization in animal feeding. Regulations and laws pertaining to ban excessive use of antibiotics as animal growth promoters in Europe have promoted to the usage of alternatives such as amino acids, acidifiers, enzymes, and antioxidants, thus enhancing the global animal feed additives market size. Excessive use of antibiotics in ruminant feeds affects human health as it leads to resistance against medicines in the gastrointestinal tract. Concerns regarding the ill-effects of antibiotic use as a growth promoter in Europe and North America has been counterbalanced by its improving demand among Asian and LATAM countries.
Asia Pacific exhibits the highest growth potential in the global animal feed additives market, growing with a CAGR of 3.8% from 2018 to 2025. Increasing population, rapid urbanization & rising living standards, strong economic growth, especially in developing economies including China and India, has spurred the demand for meat products as an alternative to conventional meals. Growing awareness about the health, the increasing global population along with the benefits of feed additives are expected to provide an impetus to the global animal feed additives market size.
The global animal feed additives market is growing steadily and the industry leaders are adopting new product launches as their key growth strategy. Some of the key manufacturers accounting for a hefty market share are BASF SE, Cargill, Inc., and CHR Hansen A/S and are focusing over expanding their businesses and adopt latest technologies to enhance their penetration in the global animal feed additives market.
Key segments of the global animal feed additives market
Type Overview, 2015-2025 (Kilo Tons) (USD Million)
- Amino acids
- Feed enzymes
- Non-Starch Polysaccharides & Others
- Feed Acidifiers
- Others (Trace Minerals, NPN and so on)
Livestock Overview, 2015-2025 (Kilo Tons) (USD Million)
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of World (RoW)
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What does the report include?
The study on the global animal feed additives market includes qualitative factors such as drivers, trends, and opportunities
- Additionally, the market has been evaluated using the SWOT analysis and Porter’s Five Forces’ analysis and PESTEL analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of ingredients, application and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the feed additives market, who want an in-depth insight into the movement of the animal feed additives market. The report will benefit:
- Executives of food and beverage companies that are engaged in the feed product manufacturing
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to digestive enzyme market
- Venture capitalists and investors looking for more information on the future outlook of the global animal feed additives market
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovations in feed additives
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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