According to a report ,“Animal Feed Additives Market Size, Share & Trends Analysis Report By Product (Antibiotics, Vitamins, Amino Acids, Acidifiers, Feed Enzymes, Antioxidants), By Livestock, And Segment Forecast, 2019 – 2025″ published by Grand View Research, Inc., The global animal feed additives market size is expected to reach USD 47.32 billion by 2025. It is anticipated to expand at a CAGR of 3.8% during the forecast period. Focus on improving overall feed yield has been a critical factor for the surge in feed additives demand. Increasing the consumption of meat and milk products as a source of protein and other essential nutrients is expected to further fuel the growth.
Key Takeaways from the report:
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In terms of revenue, Asia Pacific emerged as the fastest growing region. Countries, particularly India and China are anticipated to witness remarkable growth in the next seven years
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Poultry, with a market share of more than 38% by volume, emerged as the largest livestock segment in the past
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The animal feed additives market is partially consolidated and competitive, with the presence of major global players
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Some of the key companies are AFB International; Alltech, Kemin Industries Inc.; Evonik; DuPont; DSM; Nutreco N.V.; Archer Daniels Midland; and Cargill; among others.
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Pet Food Market: Rising trend of pet adoption is expected to be a major driving factor over the coming years.
Animal Feed Organic Trace Minerals Market : The growing demand for meat as a source of protein is expected to be one of the major drivers of the market over the forecast period.
Feed additives are considered an integral part of animal feed. Additives act as a catalyst that help disease prevention in animals, improve weight gain, vitamin intake, feed digestion, and conversion; thereby enhancing the quality of meat production. This factor is anticipated to propel the global demand over the forecast period.
The animal feed additives must comply with Regulation (EC) 999/2001, Regulation (EU) 142/2011, and Regulation (EC) 1069/2009. The production order in the installation should be predefined complying with the standards laid by the regulatory bodies. In addition, the production order must be registered and defined as these will be taken into consideration during transferring the formulation up to production.
Saponins and tanins are gaining wide acceptance from animal feed additives market. In ruminant animals, the most important applications of tanins are to control intestinal parasites, pathogenic bacteria load, and animal pasture bloat. Strong protein affinity of tanins contributes towards reducing protein degradation which further helps improve production efficiency and protein utilization in the rumen.
Grand View Research has segmented the global animal feed additives market on the basis of product, livestock, and region:
Animal Feed Additives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
- Antibiotics
- Vitamins
o Vitamin A
o Vitamin E
o Vitamin B
o Vitamin C
o Other
- Antioxidants
- Amino Acids
o Tryptophan
o Lysine
o Methionine
o Threonine
o Others
- Feed Enzymes
o Phytase
o Non-Starch Polysaccharides & Others
- Feed Acidifiers
- Others
Animal Feed Additives Livestock Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
- Pork/Swine
- Poultry
- Cattle
- Aquaculture
- Others
Animal Feed Additives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)
- North America
o U.S.
o Canada
o Mexico
- Europe
o Germany
o U.K.
o France
- Asia Pacific
o China
o Japan
o India
- Central & South America
o Brazil
- Middle East & Africa
o Saudi Arabia
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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