Crystal Market Research (CMR) render to you profound details in respect to leading participants, regions, application and type of the Animal Feed Additives Market which is estimated to encounter substantial growth over the forecast period 2018-2025.
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Industry Highlights:
The global Animal Feed Additives Market was worth USD 29.09 billion in 2016 and is prognosticated to be nearly USD 44.40 billion by 2025, growing at a compound annual growth rate (CAGR) of 4.81% during the forecast period. Growth in consumption of milk and meat products across the globe to gain proteins and various nutrients is anticipated to boost the growth of this market. Food additives are consistent component of the increasing meat production industry across the globe. These food additives are known to be the catalysts that assist in various activities such as enhancing the rate of weight gain in animals, the intake of vitamins, prevention of disease, conservation and digestion which result in improved quality of meat production. Due to such factors, the animal feed additives market is anticipated to witness significant growth in the consecutive years. Livestock animals are stuck with a number of disease that also include bird flu, swine flu, mouth and foot infections which has raised the concerns related to safety and the quality of meat products. This has led to the utilization of specialty additives. The official forbiddance on the use of antibiotics in the United States and Europe is said to expand the market for alternate products such as enzymes, acidifiers and amino acids. However, protruding demand of grains such as barley, maize and wheat from other commercial foods is anticipated to hinder the growth of the market. Rise in advanced technologies coupled with consistent enhancements in in the final production on the basis of type of feed and fluctuating regulatory trends are boosting the market.
Leading Companies/Players:
The global animal feed additives market is widely competitive. Some of the leading companies in the global animal feed additives market are Danisco A/S, Kemin Industries, Cargill, Evonik Industries, DSM and Novozymes A/S. The main parameters for being competitive in the industry are the developments of the applications and customized products in order to enhance the portfolio and regional existence.
Livestock outlook and Trend Analysis:
The requirement for feed additives across the globe has witnessed exemplar shift because of increasing awareness of consumers. The largest segment of livestock in the year 2015 was poultry that registered more than 34 percent of the total share. The disruption of avian influenza or bird flu hiked the awareness regarding the poultry health and raised the demand for high-quality meat products. The disruption of bird flu resulted in the adoption of strict regulations that spurred the requirement of certain additives across the globe. Furthermore, production of poultry meat is anticipated to grow rapidly across the globe which will raise the demand of additives.
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The global animal feed additives market is segmented as follows-
By Product: Antioxidants, Antibiotic, Feed Acidifiers, Feed Enzymes:(Non-Starch Polysaccharides & Others & Phytase), Amino Acids: (Tryptophan, Threonine, Methionine, Lysine & Others) Vitamin A,B,C,E and Others
By Livestock: Aquaculture, Pork/Swine, Cattle, Poultry & Others
By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)
Regional Outlook and Trend Analysis:
The animal feed additives market was dominated by Asia Pacific that registered 33 percent of the total share in the year 2015. Upcoming economies in the Asia Pacific region that include Indonesia, china and India have been witnessing major growth in the economy. Due to factors such as change in lifestyle and increased disposable income, their food pattern has switched to meat products from conventional food. The largest country for consumption and production of meat in the world is China. Growing population and standard of living has boosted the demand of meat. Additionally, increasing consumption of meat products in the United States and Mexico along with strict regulations in regard to the quality of meat are key factors that influence the growth of the market. Furthermore, the availability of raw materials in abundance like dextrose and maize is also anticipated to boost the global animal feed additive market.
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Major ToC of Global Animal Feed Additives Market:
Chapter 1. Introduction
1.1.Report Description
1.2.Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1.Key Highlights
Chapter 3. Market Overview
3.1.Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3.Market Dynamics
3.3.1. Drivers
3.3.1.1.Industrialization of meat production
3.3.1.2.Rise in awareness for meat quality and dairy products
3.3.1.3.Outbreak of livestock diseases
3.3.2. Restraints
3.3.2.1.High cost of operations
3.3.2.2.Regulatory Impositions and subsequent ban of antibiotics
3.3.3. Opportunities
3.3.3.1.Increase in feed costs
3.4.Industry Trends
...CONTINUED FOR TOC
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