Feed additives are employed in animal nutrition to enhance the quality and properties of animal feed to boost features such as overall gut health/digestive performance, palatability preservation, and others. They have gained importance globally, as they improve the overall health of the animal, in turn improving the quality and quantity of meat produced from them. For example, poultry feed additives are used to improve the bird’s egg-laying capacity, feed utilization, and disease prevention. Similarly, a swine diet includes various natural and synthetic additives, such as acidifiers, high dietary levels of copper and zinc, and phytase to boost the performance and profitability of this feed.
The world animal feed additives are estimated to garner $32.1 billion by 2021, registering a CAGR of 5.8% over the forecast period 2015‐2021. Increasing global meat consumption, industrialization of meat products, and growing awareness of the quality of dairy and meat products consumed are the major factors driving the feed additives’ market growth. Increasing raw material costs are likely to restrict the market growth, as majority of additives, such as feed acids, antioxidants and vitamins, are extracted from natural sources encompassing seeds, tree barks, leaves, etc.
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The world animal feed additives market is segmented based on type, livestock, and geography. The type segment is further bifurcated into amino acids, feed enzymes, vitamins, minerals, feed acidifiers, antioxidants, antibiotics and binders. The demand for amino acids is increasing owing to its extensive application in feed additives. Animals/livestock require continuous supply of protein in their diet; hence, amino acids are considered as an essential component in the animal feed supplements.
Based on livestock, the market is segmented into swine, poultry, cattle, aquatic animals, and others. In 2014, the poultry segment emerged as a leading livestock segment for the consumption of feed additives, followed by swine and cattle, because of the rise in demand for poultry meat, consumer taste preferences, and increase in disposable incomes in developing economies, mainly in China and India. Geographically, the world animal feed additives market is segmented into North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East & Africa). The Asia-Pacific region is likely to provide lucrative growth opportunities until 2021, owing to considerable increase in feed production and rising awareness among the consumers regarding the quality of meat, and dairy and related products in China and India.
Competitive intelligence on prominent feed additives manufacturers provides key insights in terms of strategies implemented to gain a significant share in the animal feed additives market. Cargill, Inc., BASF SE, and Alltech Inc. are leading players providing a wide range of feed additive products across all livestock sectors. Few of the key players profiled in this report include BASF SE, Cargill, Inc., Archer Daniels Midland Company, Novozymes A/S, Chr. Hansen Holding A/S, Alltech, Inc., Evonik Industries AG, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., and Adisseo France SAS.
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KEY BENEFITS FOR STAKEHOLDERS:
- The report provides a quantitative analysis of the current trends and future estimations from 2014 to 2021, which assists in identifying the prevailing market opportunities.
- Region-wise market conditions of animal feed additives are comprehensively analyzed in this report.
- An exhaustive analysis of the world animal feed additives market by type helps in understanding the types of feed additives that are currently being used along with the variants which would gain prominence in the future.
- Competitive intelligence (of leading manufacturers of animal feed additives) helps in deducing the competitive scenario across the geographic regions.
- SWOT analysis highlights the strengths, weakness, threats and opportunities of leading companies operating in the market.
- Key market players in this market are profiled in the report and their strategies are analyzed thoroughly, which helps in understanding the competency in this market.
ANIMAL FEED ADDITIVES MARKET KEY SEGMENTS:
The world animal feed additives market is segmented as follows:
MARKET – BY TYPE
- Amino Acids
- Feed Enzymes
- Non-Starch Polysaccharides
- Zinc Sources
- Iron Sources
- Manganese Sources
- Copper Sources
- Feed Antioxidants
- Calcium Lignosulphate
- Guar Gum
MARKET – BY LIVESTOCK
- Aquatic animals
MARKET – BY GEOGRAPHY
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA
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