DALLAS, July 23, 2015 /PRNewswire/ --
The report "Feed Additives Market by Type (Antioxidants, Amino Acids, Enzymes, Vitamins, Minerals, Antibiotics, Acidifiers, Binders), Livestock (Cattle, Poultry, Swine, Aquatic Animals), & by Region - Global Trends and Forecast to 2020" published by MarketsandMarkets, The Feed Additives Market was valued at USD 17.4 Billion in 2014 and is projected to reach USD 21.8 Billion by 2020, at a CAGR of 3.9%.
Browse 69 market data Tables and 58 Figures spread through 185 Pages and in-depth TOC on "Feed Additives Market"
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The market report analyzes the Feed Additives Market, which is segmented based on the type of additives, livestock, and region. The market, based on types, includes antioxidants, amino acids, enzymes, vitamins, minerals, antibiotics, acidifiers, binders, and others. The market, based on livestock, is segmented into poultry, swine, cattle, aquatic animals, and others. The report identifies the driving and restraining factors of the market with detailed analysis of opportunities and challenges. The market has been segmented on the basis of the key regions North America, Europe, Asia-Pacific, and Rest of the World (RoW). The size of the markets in the key countries has also been covered and projected for each region.
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The Feed Additives Market was valued at USD 17.4 Billion in 2014 and is projected to reach USD 21.8 Billion by 2020, at a CAGR of 3.9%. The amino acids segment dominated the Feed Additives Market and accounted for a share of 24.7% in 2014. The driving factors of the Feed Additives Market are the increase in global meat consumption, threat of diseases in livestock, increase in awareness of quality feed, industrialization of livestock industry, and the environmental impact of the meat and dairy industry.
The high growth potential in developing markets, advanced technology, and increase in demand for natural feed additives provide opportunities for emerging market players. Different regulatory structures, volatile economies, and increasing cost of operations are the major restraining factors for the market. Rise in the cost of raw materials for feed additives is a major challenge for the players in the market.
The global Feed Additives Market is segmented on basis of livestock into swine, poultry, cattle, aquatic animals, and others. By livestock, the poultry segment dominates the market and accounted for a share of 34% in 2014.
The Feed Additives Market is highly fragmented with key market players driving the growth with new product developments, expansions, and investments to enhance their position in the market. Leading players in the market are involved in the research & development of innovative feed additives to attain a majority market share. The key players in this market are Cargill Incorporated (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), and Archer Daniels Midlands (U.S.).
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Aquafeed Market by End Consumption (Fish, Crustaceans, Mollusks, Others), by Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Others), by Geography - Global Trends & Forecasts to 2019
Feed Amino Acids Market by Livestock (Swine, Cattle, Poultry, Aquatic Animals & Others), by Amino Acid (Tryptophan, Lysine, Methionine, Threonine & Others), by Geography - Global Trends & Forecasts to 2018
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