BANGALORE, November 16, 2015 /PRNewswire/ --
Mordor Intelligence is pleased to announce the publication of the research report titled 'Global Feed Additives Market - Growth, Trends and Forecasts (2015 - 2020)'. The report gives detailed insight into market dynamics and major players in the industry.
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Last decade saw a healthy growth in consumption of feed additives, triggered by the increased attention of farmers on improving overall growth of their livestock. The global animal feed additives market is expected to cross US$ 30,000 million by 2020, at a CAGR of 4.7% during the forecast period 2015-2020.
Get the full report here: Global Feed Additives Market - Growth, Trends and Forecasts (2015 - 2020)
Feed probiotics and prebiotics are expected to show impressive growth rates during next five years, at a CAGR of 7.6% and 12.9% respectively. Products like antibiotics and vitamins are being predominantly used in animal feed. These segments are expected to show moderate growth, at a CAGR of 2.5% and 1.8% respectively.
Mass production of meat, due to increased industrialization in production of livestock, has generated demand for feed additives. This growth is fuelled by the increasing meat consumption and rising concern over its quality and safety; however, the impact of this factor on the market is little.
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Major players in the industry include Cargill Inc., Charoen Pokphand Foods, Archer Daniels Midland Company, and Nutreco N.V. etc. The report also includes strategies adopted by major players and the landscapes of strategies adopted in the industry.
Strict Government regulations regarding the residue level of some additives is an opportunity for alternative additives, such as acidifiers, probiotics, phytogenics etc. Volatility in market and consequent fluctuations in prices of raw materials required for additives production are restraining the growth of the market. Increasing cost of natural feed products that can promote feed additives demand as an alternative is an opportunity of the market.
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Mordor Intelligence is a global market research and consulting firm offering in-depth market analysis reports and consulting services.
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