According
to a recent market research report published by Transparency Market
Research, the global animal feed additives market is estimated to
expand at a CAGR of 4.3% between 2015 and 2021. The report, titled
“Animal Feed Additives Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2021,” projects the
global animal feed additives market to reach a valuation of US$5.9 bn
by 2021. The overall market was valued at US$4.4 bn in 2014.
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exclusive Sample of this report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7772
Feed
additives refer to food supplements given to farm animals, as regular
food is not sufficient to meet the nutritional requirements for the
proper growth of these animals. Feed additives contain nutrients such
as amino acids, vitamins, fatty acids, and minerals. The growing
demand for quality meat and dairy products worldwide has propelled
the growth of the global animal feed additives market. Feed additives
are usually administered orally.
The
feed additives for ruminants are usually coated so that they do not
get degraded by the action of micro-organisms present in rumen.
Various coating technologies such as nano coated vitamins and
minerals, butyric acid, sweetener, 1-monoglycerides, and acidifier
concepts are implemented to coat the feed additives.
In
terms of product type, the report segments the global
animal feed additives market into probiotics and prebiotics,
vitamins, phytobiotics, choline chloride, organic acids,
polyunsaturated fatty acids, immunomodulators, non-protein nitrogen
(NPN), feed enzymes, amino acids, and others including antioxidants,
feed acidifiers, antibiotics, and trace minerals. Vitamins,
probiotics and prebiotics, amino acids, and feed enzymes are
extensively used as feed additives for cattle to enhance the quality
of the meat.
On
the basis of types of ruminants, the report broadly categorizes the
global animal feed additives market into cattle, buffalo, and others
including sheep, goat, and deer. Probiotics and prebiotics, along
with vitamins, are widely used as feed additives for buffaloes to
increase the production of milk.
The
report studies the animal feed additives market across four key
regions: Asia Pacific, North America, Europe, and Rest of the World.
Asia Pacific dominates the overall market, closely followed by North
America. Growing demand for animal feed additives, especially for
ruminants across China and India, is expected to propel the growth of
the market in Asia Pacific. During the forecast period, the rise in
demand for dairy products and meat across the U.S. and Canada will
drive the North America animal feed additives market.
Describing
the competitive landscape, the report profiles some of the key
players in the global animal feed additives market such as BASF S.E.,
DSM, Elanco, Evonik Industries, Cargill Inc., Danisco, Novozymes,
Archer Daniels Midlands Co., CHR Holdings, and Alltech Inc.
Partnerships, joint ventures, and mergers and acquisitions are the
common strategies adopted by the market players. DSM and BASF S.E.
together account for more than 50% of the overall market.
Global
Animal Feed Additives Market has been segmented as:
Global
Animal Feed Additives Market for Ruminants by Product Type
- Vitamin
- Probiotics and Prebiotics
- Choline Chloride
- Phytobiotics
- Organic Acid
- Polyunsaturated Fatty Acids
- Non-Protein Nitrogen (NPN)
- Immunomodulators
- Amino Acids
- Feed Enzymes
- Others
Global
Animal Feed Additives Market for Ruminants by Ruminants Type
- Cattle
- Buffalo
- Others
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