Animal Feed Additive Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- Increased population and growing economy of developing countries are the major factors driving the Global Animal Feed Additive Market.
Animal Feed Additive Market is valued at USD 34.78 Billion in 2018 and expected to reach USD 52.61 Billion by 2025 with the CAGR of 6.09% over the forecast period.
A feed additive is defined as extra nutrients or drugs for acceleration of the growth of livestock. These additives mainly comprise of vitamins, amino acids, fatty acids, minerals, pharmaceutical, fungal products, steroidal compounds etc. Some of the feed additives which are commonly used for livestock growth are growth promotion additives, antimicrobials, feed enzymes, antioxidants, acidifiers, probiotics and prebiotics. Feed additives are mainly used for improving the efficiency of livestock growth, preventing diseases and for improving feed utilization. The additives that are used in feed must be sanctioned for use and then used as per the instructions with respect to inclusion levels and duration of feeding.
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Global animal feed additive market report is segmented on the basis of type, livestock and regional & country level. Based upon type, global animal feed additive market is classified as antibiotics, minerals, amino acids, vitamins and enzymes. Based upon livestock, global animal feed additive market is classified as cattle feeds, poultry, aquaculture, swine feeds and others.
The regions covered in this Global Animal Feed Additive Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of animal feed additive is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Animal Feed additive Market Report–
Global Animal Feed Additive Market report covers prominent players like Evonik, DuPont, DSM, Adisseo, BASF, ADM, Novusint, Cargill, Charoen Pokphand Group, Sumitomo Chemical, Kemin Industries, Biomin, Alltech, Addcon, Bio Agri Mix and others.
Herbonis Acquired Robert Aebi Feed Additive Technologies.
April 16th, 2018; Herbonis AG, pioneer in developing natural products supporting the vitamin D functions acquired worldwide distributor Robert Aebi Feed Additive Technologies Sarl (FAT). Herbonis desires to advance the market presence of its natural, plant-based Panbonis, which comprises the metabolic active form of vitamin D. The deal contains 100 % of equity investment from Herbonis.
This investment conglomerates FAT’s great expertise in applied nutrition and global presence with Herbonis’ extensive scientific knowledge concerning the influence of vitamin D metabolism on animal welfare and performance. This acquisition permits both companies to increase their scientific and market capabilities. FAT’s successful distribution and partnership network will be reinforced and further developed to make Panbonis accessible around the globe.
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Increased Demand for Nutritive Food Solutions and Growing Economy of Developing Countries are the Major Factors Driving the Global Animal Feed Additive Market.
The increasing awareness regarding healthier life style, growing demand of meat and non-vegetable food products, increasing population and increasing disposable income in emerging economies such as China and India are the main driving factors for the growing demand of animal feed additive products. High quality feed additives help consumers in having high protein food products such as milk, meat, eggs etc. As nutritional feed additives stimulate feed efficiency, animal health, higher performance and welfare of animals, it also ultimately boosts the quantity and quality of products. These advantages propel the livestock farmers to adopt in using feed additives, leading to the growth of feed additive market.
Global demand for poultry meat and eggs is also increasing considerably. Pork has the highest share about 40.4% of global meat consumption followed by poultry, beef and mutton. As demand of seafood and fish is increasing globally, the farmers using more feed additives to increase production which is also supplementing the market growth. In 2018, fish production reached to 171 million tonnes, of which 88% was consumed by human beings. However, government restriction on certain feed additives along with presence of natural feed additives is restraining the feed additive market. Moreover, future oriented real time automated system and technological scientific advancement seems to generate new opportunities during forecast period.
Asia Pacific is Expected to Dominate the Global Animal feed additive Market within the Forecast Period.
As the population in Asian and African regions is growing at high rate, the demand of meat and other animal based food product is rising rapidly due to rapid improvement in economy, urbanization and health awareness. This in turn propels the animal feed additive market to grow with steady pace in these regions. China is dominating the food additive market in Asia-pacific region as its major cities further drive economic growth and are major markets of consumer spending. Other than China, countries such as India, Japan, and Vietnam are also performing well in terms of livestock farming and expected to supplement the market growth in this region.
North America feed additive production will remain relatively flat and will continue to lead feed production in beef and equine, as a result the feed additive market in this region is expected to show a slow growth within the forecast period. According to Alltech global feed survey, European region have produced 31.9 million tons feed in 2018 with 8% increase from last year. The high production of feed products is also propelling the feed additive market due to its uses in feed production which results in growth of European feed additive market.
Key Benefits for Global Animal feed additive Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Animal feed additive Market Segmentation: –
By Regional & Country Analysis:
Middle East and Africa
Rest of Middle East and Africa
Table of Content
1. Chapter – Report Causesology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Animal Feed Additive Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Animal Feed Additive Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Animal Feed Additive Market: Trends
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Consumers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitute Type and Services
2.8.5. Competitive Rivalry within the Industry
2.9. Market Attractiveness Analysis
2.9.1. Market Attractiveness Analysis by Segmentation
2.9.2. Market Attractiveness Analysis by Region
3. Chapter – Global Animal Feed Additive Market Overview: Quantitative Analysis
4. Chapter – Global Animal Feed Additive Market Analysis: By Type
5. Chapter – Global Animal Feed Additive Market Analysis: By Form
6. Chapter – Global Animal Feed Additive Market Analysis: By Livestock
7. Chapter – Global Animal Feed Additive Market Analysis: By Function
8. Chapter –Animal Feed Additive Market: Regional Analysis
9. Chapter – Company Profiles
9.1 BASF SE
9.1.3. Type portfolio
9.1.4. Animal Feed Additive Market Revenue (USD Million) and Market Share (%), 2014 – 2018
9.1.5. Animal Feed Additive Sales Market Share (%), 2014 – 2018
9.1.6. Business strategy
9.1.7. Recent developments
9.2. Cargill, Inc.
9.3. Archer Daniels Midland Company
9.4. Evonik Industries AG
9.5 Nutreco N.V.
9.6 Addcon Group
9.7. Aliphos Belgium S.A.
9.8. Kemin Industries Inc.
9.9. Koninklijke DSM N.V.
9.10. Phibro Animal Health Corporation
9.11. Biotech JSC
9.12. Danisco Animal Nutrition
9.14. Ajinomoto Co., Inc.
9.15. Alltech, Inc.,
9.16. Adisseo France SAS.
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