According
to a market research report published by Transparency Market
Research, the global animal feed and feed additives market is
estimated to expand at a CAGR of 3.8% during the period between 2011
and 2018. The report, titled “Animal
Feed and Feed Additives Market - Global Industry Size, Market
Share, Trends, Analysis, and Forecast 2011 - 2018”, forecasts the
global animal feed and feed additives market to be worth US$17.5 bn
by 2018. The overall market was valued at US$13.5 bn in 2011.
Feed
additives are used in minor quantities in forms of powder, liquids,
pellet, and injections. High growth in global meat consumption has
accelerated the demand for animal feed and feed additives. Consumer
awareness about meat quality and healthy eating, along with frequent
outbreaks of livestock diseases has fuelled the growth of the global
animal feed and feed additives market. However, upward swing in raw
material cost and regulatory structure might restrain the overall
market growth during the forecast period. The global animal feed and
feed additives market is expected to register higher demand owing to
the increasing price of feed products. Ban on antibiotics due to
adverse effects has opened further growth opportunities for the
market.
On
the basis of product types, the global animal feed and feed additives
market has been categorized into antibiotics, vitamins, amino acids,
acidifiers, feed enzymes, and antioxidants. The high demand for feed
acidifiers is expected to propel the market segment at a CAGR of 6.3%
during the forecast period. The valuation of the feed acidifiers
market was US$1.0 bn in 2011 and is projected to reach US$1.6 bn by
2018. North America leads the amino acids market segment and the
region holds 29.9% of the global market.
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Animal
feed and feed additives are extensively used to enhance animal
nutritional growth, feed quality, and meat quality. Improving the
feed quality remains the highest revenue generating factor in the
global animal feed and feed additives market. Meat quality
enhancement accounts for 21% share in the market.
The
report studies the global animal feed and feed additives market
across four key regions: Europe, North America, Asia Pacific, and
Rest of the World. In terms of revenue, Asia Pacific is expected to
dominate the overall market till 2018. The region is estimated to
account for 32.4% of the overall market revenue by 2018, followed by
Europe. The demand for animal feed and feed additives is very high in
Asia Pacific and the regional market is expected to expand at a CAGR
of 4.0% during the forecast horizon. China leads the Asia Pacific
market with 49.5% market share, followed by Japan. In Europe, the
U.K. and Germany are among the major animal feed and feed additives
markets.
Describing
the competitive landscape, the report profiles some of the key
players in the global animal feed and feed additives market such as
BASF SE, Evonik Industries AG, Kemin Industries, Novozymes, DSM,
Danisco A/S, Addcon Group GmbH, and CHR Hansen A/S.
Global
Animal Feed and Feed Additives Market has been segmented as:
Feed
Additives Type Segment of Global Animal Feed and Feed Additives
Market
Antibiotics
Vitamins
- A
- E
- B
- C
- Others
Antioxidants
Amino
acids
- Tryptophan
- Lysine
- Methionine
- Threonine
- Others
Feed
enzymes
- Phytase
- Non-Starch Polysaccharides & Others
Feed
Acidifiers
Others
(Trace minerals, NPN and so on)
Feed
Additives by Livestock Segment of Global Animal Feed and Feed
Additives Market
- Pork/Swine
- Poultry
- Cattle
- Aquaculture
- Others
Geographical
Segmentation of Global Animal Feed and Feed Additives Market
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
Contact
Mr.
Sudip S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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