The global animal feed additives market size was valued at $19,642 million in 2017, and is anticipated to grow at a CAGR of 6.0% to reach $31,387 million during 2018 to 2025
LONDON, March 20, 2019 /PRNewswire/ -- Animal Feed Additives Market by Additive Type (Amino Acids, Antioxidants, Feed Enzymes, Feed Acidifiers, Vitamins, Minerals, Binders, Antibiotics, and Others), Livestock (Swine, Ruminants, Poultry, Aquatic Animals, and Others), Form (Dry, Liquid, and Others), and Function (Single Function and Multifunction): Global Opportunity Analysis and Industry Forecast, 2018 - 2025
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Animal Feed Additives Market Overview:
The global animal feed additives market size was valued at $19,642 million in 2017, and is anticipated to grow at a CAGR of 6.0% to reach $31,387 million during 2018 to 2025. Feed additives are used in animal nutrition to enhance the quality and properties of animal feed and to boost features such as overall gut health/digestive performance, palatability preservation, and others. They have gained significant importance globally as they improve the overall health of animals, which in turn improves the quality and quantity of meat produced. For example, in poultry diet, feed additives are used to improve the egg laying capacity of birds, feed utilization, and disease prevention. Similarly, a swine diet includes various natural & synthetic additives such as acidifiers, high dietary levels of copper & zinc, and phytase to boost the performance and profitability of this feed.
Increase in global meat consumption, industrialization of meat products, and rise in awareness of the quality of dairy & meat products consumed drive the growth of the global feed additives market. However, increase in raw material costs restricts the market growth.
The global animal feed additives market is segmented based on additive type, livestock, form, function, and region. Based on additive type, the market is categorized into amino acids, antioxidants, feed enzymes, feed acidifiers, vitamins, minerals, binders, antibiotics, and others. Amino acids are sub-segmented into methionine, lysine, threonine, tryptophan, and others. Antioxidants are further segmented into BHA, BHT, ethoxyquin, and others. Feed enzymes are further classified into phytase, non-starch polysaccharides, protease, xylanase, and others. Feed acidifiers are sub-segmented into formic acid, butyric acid, fumaric acid, acetic acid, and others. Vitamins are further bifurcated into water soluble and fat soluble. Minerals are sub-segmented into zinc sources, iron sources, manganese sources, and copper sources. Binders are further divided into calcium lignosulphate, guar (Arabic) gum, and others. Antibiotics are subdivided into tetracycline, penicillin, and others. Based on livestock, the market is categorized into swine, ruminants, poultry, aquatic animals, and others (equine, pets, and birds). According to form, it is classified into dry, liquid, and others (powder and pellet form). As per function, it is fragmented into single function and multifunction. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key market players operating in the market include:
Archer Daniels Midland Company
BASF SE
Cargill Incorporated
Addcon Group
Evonik Industries AG
Koninklijke DSM N.V.,
Aliphos Belgium S.A.,
Kemin Industries Inc
Nutreco N.V.
Phibro Animal Health Corporation.
Key Benefits for Animal Feed Additives Market
This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017?2025, which assists to identify the prevailing market opportunities.
Major countries in each region are studied as per key trends, developments, and presence of industry players in the market.
Region-wise and country-wise market conditions are comprehensively analyzed in the report.
This study evaluates the value chain to understand the competitive environment across geographies.
An in-depth analysis of segmentation is provided to elucidate the dominant market opportunities.
Animal Feed Additives Key Market Segmentations:
By Additive Type
Amino Acids
Methionine
Lysine
Threonine
Tryptophan
Others
Antioxidants
BHA
BHT
Ethoxyquin
Others
Feed Enzymes
Phytase
Non-starch Polysaccharides
Protease
Xylanase
Others
Feed Acidifiers
Formic Acid
Butyric Acid
Fumaric Acid
Acetic Acid
Others
Vitamins
Water Soluble
Fat Soluble
Minerals
Zinc Sources
Iron Sources
Manganese Sources
Copper Sources
Others
Binders
Calcium Lignosulphate
Guar (Arabic) Gum
Others
Antibiotics
Tetracycline
Penicillin
Others
Others
By Livestock
Swine
Ruminants
Poultry
Aquatic Animals
Others (Equine, Pets, and Birds)
By Form
Dry
Liquid
Others (Power and Pellet Form)
By Function
Single Function
Multifunction
By Region
North America
U.S.
Canada
Mexico
Europe
Spain
Russia
Germany
France
Netherlands
Italy
UK
Rest of Europe
Asia-Pacific
China
India
Japan
Indonesia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
The other players in the value chain (profiles not included in the report) are:
Biotech JSC,
Danisco Animal Nutrition
Biomin
Ajinomoto Co, Inc.
Alltech, Inc.
Adisseo France SAS
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