NEW YORK, Oct. 18, 2016 /PRNewswire/ -- Future Market Insights (FMI) offers a 10-year forecast of the animal feed additives market between 2016 and 2026. The global animal feed additives market is expected to register a moderate CAGR of 2.7% over the forecast period 2016-2026. The current study reveals the trends and dynamics that are expected to influence the current environment and future scenario of the animal feed additives market.
The animal feed additives market report is initiated by defining the various types of animal feed additives and their usage. The report consists summary of animal feed additive market, which defines the current scenario and forecast of the market and revenue share of all the segments and regions. It is followed by the parent market analysis and market dynamics overview of the animal feed additives market, which includes FMI analysis of macroeconomic drivers, demand side drivers, supply side drivers, restraints, opportunities, trends by product type and livestock feed type, regulations and government initiatives that are affecting growth of the animal feed additives market currently. Impact analyses of the key growth drivers and restraints, based on the weighted average model, has also been included in this report on the animal feed additives market after examining individual regions, to better equip readers with precise insights on the ongoing progress in the product and the latest trends in the market.
The major factors encouraging demand for animal feed additives include rising disposable income levels, which contribute to the increased demand for meat globally, surge in patients suffering from food-borne and zoonotic diseases, increased tendency to consume frozen products, and rise in demand for phytolases and probiotics supplements. Dominance of aquaculture is growing at the consumer end, due to an increasing affinity towards inclusion of higher lean protein supplements in diet globally. Accordingly, demand for fishmeal is expected to increase over the forecast period.
Based on product type, the market is categorized into vitamins, amino acids, feed enzymes, antibiotics, acidifiers, antioxidants, binders, minerals and others. Considering all the segments, the amino acid product type segment currently accounts for the highest value share of the market and is expected to continue to dominate the market over the forecast period, accounting for the highest market share in 2026. The antibiotic segment accounts for the second highest value share of the overall market currently, and is expected to continue to grow at a steady pace in the near future.
Furthermore, on the basis of animal type, the report has been classified into swine, cattle, poultry, and aquaculture. According to the study it has been expected that, among all the animals, the poultry animal type sub-segment would dominate the market with the highest revenue share by 2015 end, and would continue to dominate the market with the highest CAGR over the forecast period. The segment is expected to be followed by the aquaculture animal type sub-segment, which again is expected to expand at a significant CAGR over the forecast period, followed by the swine animal type sub-segment, in terms of value.
The further section of the report highlights the animal feed additives market segmentation, by region, and provides market overview for 2016–2026. The study reveals the regional trends adding value to the growth of the animal feed additives market, and analyses the extent to which the drivers are affecting the animal feed additive market regionally around the globe. Considerable regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).