Animal Feed Additives Market for Ruminants : Key Players, Growth, Analysis, 2015 – 2021

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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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

Animal Feed Additives Market for Ruminants Growing at a Healthy Rate

Animal Feed Additives Market for Ruminants: Snapshot

The demand for dairy products and meat is increasing by the day on account of growing population and the prevalence of a hectic lifestyle, making it essential for consumers to have a diet with everyday protein needs. This has resulted in an increase in the livestock population so as to be able to meet the growing demands for meat and dairy products, which in turn is driving the animal feed additives market. Animal feed additives provide animals with the necessary nutritional and protective functions, which are necessary for maintaining the overall health as well as to ward off diseases and infection risks. Animal feed additives also help in enhancing the weight and digestive function of animals. Thus, animal feed additives have become an essential part for animals livestock in farms and dairies.

According to a report published by Transparency Market Research, the global animal feed additives market for ruminants is anticipated to rise from US$4.79 bn in 2016 to reach US$5.92 bn by 2021, expanding at a 4.3% CAGR between 2015 and 2021.

Asia Pacific to Generate the Highest Demand for Animal Feed Additives for Ruminants

Asia Pacific is expected to lead in terms of revenue generation from the animal feed additives for ruminants market. By 2021, the market in Asia Pacific is expected to be worth US$1.9 bn, accounting for 32.6% of the revenue generated. China and India are two countries in Asia Pacific contributing majorly to the growth of this market. High demand for dairy products as well as growing population are two key reasons why the animal feed additives market for ruminants is flourishing in these two countries. Asia Pacific is also boosting their meat exportation to other regions and this is expected to drive the animal feed additives for ruminants market.

Another lucrative regional market for animal feed additives for ruminants is North America. The growing demand for meat and dairy is expected to drive the market. In addition to this, the strict regulations by government, making it a rule to allow dairy and meat products to be sold only if it is above a certain grade will lead to a demand for high quality animal feed additives for ruminants

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Cattle Segment Continues to be Highest Revenue Generator

On the basis of animal type, the market is segmented into cattle, buffalo, and others. Of these, the cattle segment not only led in 2016, but is expected to continue to do so in the coming years. The segment is predicted to account for 80.80% of the market. The growth of the segments is likely due to high demand for cattle meat as well as dairy across the globe. Also, the recent improvements in cattle feed additives will help generate high amount of demand. This is boosting the number of players in the market towards the cattle sector, ensuring several growth opportunities in the years to come. Moreover, the quality of cattle meat is a concern among many consumers, driving the demand for animal feed additives.

Vitamins and Amino Acids to Continue Leading in Market

Amino acids are helpful for the maintenance of good quality and quantity of the meat. Thus, they are one of the largest types of animal feed additives for ruminants. Lysine, followed by methionine are two kinds of amino acids used in feed additives. Vitamins is another kind if animal feed, which is expected to see increased demand. The most commonly used vitamins in animal feed additives are vitamins A, B, C, and E.

Rise in Livestock Population for Consumption of Meat to Augment Demand for High Quality Animal Feed Additives

The prevalent hectic lifestyle has impelled consumers to adopt a diet that can cater to their everyday protein needs. As a result of this, the livestock population has substantially increased to meet the growing demand for dairy products and meat. The rise in livestock population is anticipated to drive the demand for high quality animal feed additives. To ensure that quality dairy products and meat is circulated in the market, food products in the dairy and meat section are being subjected to quality checks. Due to growing consumer awareness about the harmful effects of low quality and synthetic animal feed additives, meat and dairy food products are also being tested under consumption safety standards and queries.

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According to a report published by Transparency Market Research, the global animal feed additives market is projected to expand at a 4.3% CAGR between 2015 and 2021. The market was valued at US$4.79 bn in 2016 and is estimated to touch a valuation of US$5.92 bn by 2021.

Due to what factors is the demand for animal feed additives likely to rise in future?

The prime factor driving the consumption of animal feed across the world is the rising demand for diary and meet products. Moreover, the rise in population in emerging nations and growth in the disposable income of consumers are anticipated to further enlarge the animal products consumer base. To meet the unmet needs of consumers, the animal husbandry industry is focusing on increasing their livestock count along with product yield. This is further expected to augment the demand for animal feed additives in the coming years. The implementation of advanced animal husbandry techniques in order to achieve high quality meat and the standardization of diary and meat products are factors which are further anticipated to aid the progress of the global animal feed additives market.

What factors are anticipated to restrain the demand for animal feed additives?

The cost of raw materials used in the formulation of animal feed additives is considerably high. As a result of this, several small scale manufacturers face difficulties during the manufacturing processes. The cost of raw materials used in animal feed additives is further expected to rise in the coming years. Moreover, the prevalence of strict regulatory structures regarding the use of chemicals and other components in animal feeds additives is further expected to pose a threat for manufacturers of animal feed additives.

However, companies manufacturing animal feed additives are investing in research projects in order achieve positive results regarding the use of certain components in animal feed additives. For instance, the European Food Safety Authority (EFSA) recently declared that Lecithin, which is used in animal feed, is safe and has no major side-effects. The FEEDAP Panel of EFSA re-evaluated the use of lecithin as a l feed additive under the emulsifier category. It took place after the Europe Lecithins Manufacturers’ Association requested the revaluation of lecithin. After this the maximum content requirement for lecithin in animal feed additives has been removed.

From what factors can manufacturers of animal feed additives gain profitable growth opportunities?

The ongoing research activities regarding the use of antibiotics in animal feed additives is an opportunity through which manufacturers can gain lucrative growth opportunities. Antibiotics used in animal feed additives are expected to provide potential resistance from diseases and increase immunity of animals. As a result of this, manufacturers are aiming at producing high quality animal feed additives that can cater to the rising demand for healthy diary and meat products.

In terms of consumption, Asia Pacific is expected to emerge as the leading region and is estimated to account for 32.6% of the global market. The key players operating in the global animal feed additives market are Archer Daniels Midland Co., Alltech, Inc., Novozymes, Evonik Industries, Elanco Animal Health, Danisco A/S, BASF SE, and DSM.

Global Animal Feed Additives Market to Exhibit 4.3% CAGR during 2015-2021 due to Growing Demand for Quality Meat and Dairy Products

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.

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.

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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

Global Animal Feed Additives Market for Ruminants by Geography

• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)