Animal Feed Additives Market

Animal Feed Additives Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026

  • 2016-06-08
  • REP-GB-418
  • 229 pages
  • PDF PPT EXCEL
Animal Feed Additives Market

An Incisive, In-depth Analysis on the Animal Feed Additives Market

This study offers a comprehensive, 360 degree analysis on the Animal Feed Additives market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Animal Feed Additives market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Introduction

According to the European Commission, “feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health, e.g. providing enhanced digestibility of the feed materials.”

Feed additives have played an important role in improving both the production quantity and quality in farms. At a time, when global demand for meat and poultry products is growing at a robust pace, safe and affordable feed additives are growing in demand from end-use sectors. Feed additives are also gaining traction in the pet food segment, as pet humanisation trend is promoting greater emphasis on the health and well-being of pets.

Market Value and Forecast

The global animal feed additives market was valued at US$ 14.0 Bn in 2015, and is expected to expand at a CAGR of 2.7% over the forecast period (2016–2026). The market will witness a gradual shift from antibiotics to feed additives made from natural and organic ingredients. Growth of the global animal feed additives market is driven by increasing emphasis on preventing foodborne and zoonotic diseases, such as various types of avian flus. Rising demand for meat and poultry products, driven by a steadily growing middle class with substantial disposable income is also influencing farm owners to increase their production quality without compromising on quantity. As more people turn to frozen meat products, farm owners have had to meet stringent quality checks and guidelines to meet safety standards, fuelling the inclusion of feed additives in farms.

Other key factors driving demand for feed additives include the all-pervasive pet humanisation trend and shift towards lean protein in daily diet. Maintaining health and well-being of animals and birds without causing any side effects is driving demand for natural feed supplements, such as probiotics. 

Animal Feed Additives Market Segmentation

The report has segmented the global animal feed additives market on the basis of animal/livestock and product type. The report also offers region-wise forecast and competitive outlook, profiling the key business strategy of leading players in the market.

Market Segmentation, by Animal/Livestock

Among the various animal/livestock segments, poultry segment is expected to witness robust growth, owing to increasing consumption of meat and poultry products in developing countries.

Market Segmentation by Product Type

Based on product type, the market has been segmented into vitamins, amino acids, feed enzymes, antibiotics, acidifiers, anti-oxidants, binders, minerals and other types of animal feed additives. The amino acids segment is expected to account for significant value share of 22.5% of the overall market in 2016.

Key Regions

In this report, the global animal feed additives market has been segmented into seven major regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

In terms of value, the Western Europe market accounted for the maximum revenue share among all the regions, followed by the North America market, as maximum number of animal feed additives manufacturers are based in Western Europe.

The Eastern Europe animal feed additives market is expected to expand at a CAGR of about 3.0% during the forecast period. Meanwhile, the APEJ market is expected to expand at a CAGR of 2.7%. Among all the regions, the North America and Latin America market is expected to expand at a moderate CAGR of 2.9% over the forecast period.

animal-feed-additives-market

Key Players

Some of the major players in the global animal feed additives market that are covered in this report are BASF SE, Evonik Industries Ag, Cargill, Inc., Koninklijke DSM N.V, Nutreco N.V., Zoetis Inc., Novozymes A/S and Phibro. The report also analyses the company-specific strategies related to key developments and market consolidation initiatives of key players.

Future Market Insights’ “Animal Feed Additives Market: Global Industry Analysis and Opportunity Assessment, 2016-2026” – offers accurate and precise information for a period of ten years. The global market for animal feed additives is projected to register an adequate CAGR of 2.7% during the assessment. This report provides thorough insights and updates regarding the trends and dynamics that are anticipated to influence the present environment and future scenario of the animal feed additives market.

Insights on Key Factors Impacting the Growth of Global Animal Feed Additives Market

The research study includes holistic and comprehensive assessment on all the important factors shaping this market. The report starts with defining the usage and types of animal feed additives. The report comprises summary of the market for animal feed additive, which describes the current scenario and the future of market and also the revenue shares of all the regions and segments. It is followed by market dynamics overview and parent market analysis of the global market for animal feed additives, which consist of FMI analysis on macroeconomic drivers, supply side drivers, demand side drivers, trends by type, opportunities, restraints, regulations, opportunities, and initiatives by government that are currently influencing the growth of animal feed additives market. On the basis of weighted average model, the report also includes impact analyses of the restraints and key growth drivers, after observing individual regions. This detailed insights help the readers to better prepare for opportunities with the continuing progress and latest trends in the global market for animal feed additives.

The increasing disposable income levels, increase in number of patients suffering from zoonotic and food-borne diseases, surge in demand for phytolases, probiotics supplements, and increased inclination towards consuming frozen products are some of the major factors influencing the growth for animal feed additives market. During the assessment, the demand for fishmeal is projected to increase as the domination of aquaculture is increasing at the consumer end, because people are moving towards supplements with higher proteins in diet.

Detailed Segmentation on Product Type, Animal Type and Region

The report provides detailed information on the basis of segment that includes Product type, Animal type and Region. On the basis of product type, the market is classified into minerals, vitamins, antibiotics, amino acids, acidifiers, feed enzymes, binders, antioxidants, and others. The amino acid product type segment is expected to dominate the animal feed additives market over the period of forecast while accounting for the highest value share of the market by the end of 2026. The antibiotic segment is predicted to grow continuously at a steady pace in near future with accounting for second highest value share of the overall market by the end of assessment.

Likewise, segment based on animal type, the report has been categorized into aquaculture, poultry, cattle and swine. Amongst all the animals, the report says that the poultry sub-segment in animal type will continue to dominate the animal feed additives market with the highest CAGR by the end of assessment. This segment is projected to be followed by the animal type sub-segment of aquaculture, which is estimated to expand at significant CAGR over the forecast period.

According to the segmentation by region, the report reveals the regional trends that are adding value to the growth of the market, and evaluates the extent to which the drivers are regionally influencing the animal feed additive market around the globe. Significant regions assessed in this report include Eastern Europe, Western Europe, Latin America, North America, Japan, APEJ, and MEA.

Thorough Information about the Competitive Landscape of the Animal Feed Additives Market

The report provides audiences with competitive landscape to view a dashboard based on categories and key market differentiators including number of employees, revenue structure, application structure, product offerings and business strategies. The report also covers key categories of providers in animal feed additives distributors, suppliers and manufacturers. This section is mainly designed for the clients to provide them with thorough comparative evaluations of key players for a specific market segment in the global market for animal feed additives. To evaluate and identify the key competitors on the basis of in-depth assessment, the report audiences can gain segment-specific service provider insights in the animal feed additives marketplace.

Animal Feed Additives Market Reports - Table of Contents

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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Pranay Mhaisekar

Business Development

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