Animal Feed Additives Market is Expected to be Valued at US$5.92 Billion in 2021 at a CAGR of 4.3%; Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021: TMR

11 Aug, 2016, 07:30 ET from Transparency Market Research

ALBANY, New York, August 11, 2016 /PRNewswire/ --

The global animal feed additives market is expected to progress at a CAGR of 4.3% within a forecast period from 2015 to 2021, in terms of revenue. By the end of 2016, this market is expected to be valued at US$4.79 bn. By the end of 2021, this market is expected to be valued at US$5.92 bn.

Asia Pacific is expected to be the region with the highest demand for animal feed additives for ruminants from 2015 to 2021. By the end of 2021, this region is expected to generate US$1.9 bn in revenue from animal feed additives for ruminants.

Amino acids are expected to be the top product type among all animal feed additives for ruminants for the time being. By 2021, this segment is expected to take up a share of 20.39% in revenue. This is, however, a reduction in revenue share as compared to its 2014 percentage, due the growth in demand for other segments such as feed enzymes, choline chloride, and organic acids.

The information presented in this review is based on a Transparency Market Research report, titled, "Animal Feed Additives Market for Ruminants - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021."

Browse Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/animal-feed-additives-market.html

Amino Acids and Vitamins to Retain High Demand 

Vitamins and amino acids were the two largest types of animal feed additives for ruminants in demand in 2014. They are expected to continue generating top demand till 2021, at which point their revenue shares are expected to be 20.39% and 15.64% for amino acids and vitamins respectively. The most common vitamins used in animal feed additives for ruminants include vitamins A, E, B, and C.

Amino acids are a key ingredient in all animal feed additives because they help develop the quality as well as quantity of the meat. Lysine is the most commonly used amino acid in feed additives, followed by methionine.

Growing Global Population Demands More Meat and Dairy, Increases Scope of Animal Feed Additives Use 

"The demand for animal-derived foods such as meat and dairy is increasing across the world," states a TMR analyst. "This is pressuring the animal husbandry industry to increase the count of animals maintained as well as the yield of products. In the case of ruminants, more specifically cattle, animal feed additives can go a long way in maintaining the health of the animal as well as the food product."

Dairy is the key product derived from animals in demand across the world currently, followed by meat. Both products are being subjected to an increasing amount of quality checks and consumption safety queries due to a rising level of awareness among consumers. As a result, animal feed additives also include the use of products that can help improve the immunity of an animal and prevent it from falling ill.

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Over half of the revenue from animal feed additives for ruminants in 2014 was taken up regional players. In this fragmented market, DSM, BASF, Danisco, and Elanco were the top players with a collective revenue share of 48.5% in 2014.

According to Transparency Market Research, vitamins, minerals, feed enzymes, and amino acids are the most commonly produced animal feed additives for ruminants within the above key players. DSM, the leading provider in the world, specializes in vitamins, minerals, and feed enzymes. BASF holds a more diverse portfolio and includes trace minerals in its product profile.

Most of Animal Feed Additives for Ruminants Continues to be taken up by Cattle 

Cattle were the leading animal type in terms of demand for animal feed additives for ruminants in 2014. By 2021, cattle are expected to take up 80.80% of the total animal feed additives revenue generation. Owing to the high demand for cattle meat and dairy across the world, the improvements in cattle feed additives is expected to generate large amounts of demand as well. This is drawing a greater number of players towards this sector and allowing them multiple opportunities of expansion.

Browse Research PR: http://www.transparencymarketresearch.com/pressrelease/global-animal-feed-additives-market.htm

Another key reason for the growing demand for animal feed additives for cattle is the growing concern over the health of the cattle and consequently, the quality of the meat and the health of the consumer.

Key Takeaways: 

  • Amino acid animal feed additives for ruminants are expected to gross US$1.2 bn in revenue by 2021.
  • US$4.8 bn expected to be used on animal feed additives for cattle by 2021.
  • Vitamins as animal feed additives for ruminants are expected to reach US$926 mn in revenue by 2021.

Key Segments of the Global Animal Feed Additives Market for Ruminants 

Animal Feed Additives for Ruminants, By Type 

  • Vitamins
  • Probiotics and prebiotics
  • Choline chloride
  • Phytobiotics
  • Organic acids
  • Poly unsaturated fatty acids
  • NPN
  • Immune modulators
  • Amino acids
  • Feed enzymes
  • Others

Animal Feed Additives for Ruminants, By Ruminants Type 

  • Cattle
  • Buffalo
  • Others

Animal Feed Additives for Ruminants, By Region 

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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About TMR 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


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SOURCE Transparency Market Research