Feed Additives are food supplements for farm animals that cannot get enough nutrients from regular meals that the farmers feed them with. With this shortage, some animals might not grow properly. They may fall sick often; can develop severe illness; can have low resistance leading to an early death etc. Thus the Feed Additives are manufactured with vitamins, amino acids, fatty acids and minerals which act as an external source of providing the animals with immunity and energy.
The basic aim of these supplements is to improve the quality of food and the animal’s health and performance. The not only help in improving the growth of the animal but also provide them with immunity from infectious diseases.
Logical Estimates by IndustryArc:
Poultry market is estimated to be the largest market for feed additives and the second position is taken by the Swine market. The global additive demand for poultry was $5.5m in 2012 and is estimated to grow at a CAGR of 4.4% from 2014 to 2020. Feed acidifiers are expected to continue gaining popularity, primarily due to their part in optimizing feed utilization, thereby reducing cost. Animal Feed Additives Market is estimated to cross $ 20 m mark by 2020.
Table of contents and insights:
Geographical analysis by IndustryArc:
APAC and North America comprise of more than 60% of the total market share and remain the largest market for the animal feed additives. APAC countries like Brazil, China and India are the major countries where the animal feed market is growing rapidly. By 2020, APAC is estimated to lead the market followed by North America and South America.
To get a Sample brochure click the below link:
Reason for growth in the market:
- The growing awareness among people towards safety and quality of meat.
- Rise in the global consumption of meat and recent disease outbreaks in livestock.
- These additives serve multiple functions in one package.
SAMPLE FIGURE:Animal Feed Additives Market Share, By Product Type, 2014 (%)
- Rising raw materials,
- Regulatory schemes adopted by governments.
The market is categorized into segments depending on:
Based on product:
- Amino acids,
- Feed acidifiers,
- Feed enzymes,
- Antioxidants and
Based on livestock:
- Aquatic animals and
Based on the geography:
- North America,
- APAC and
Leading players of this industry:
- DSM (The Netherlands),
- Evonik (Germany),
- Archer Daniels Midland Company (U.S.),
- BASF SE (Germany),
- Inc. (USA) and
- CHR Hansen A/S (Denmark).
Request for Customization:
Related Report You May Be Interested:
Animal Feed Testing Market (2014 – 2020) – By Type (Pet Food, Forages, Equine Feed, Poultry Feed, Premixes, Medicated Feeds); Testing Type (Proximate Analysis, Pathogen Testing, Drugs & Antibiotics, Pesticides & Fertilizers, Metals & Minerals, Nutritional Labeling)
For More Reports Click Here:
IndustryARC is a research and consulting firm that publishes more than 20 reports every month in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Contact us to find out how we can help you today!
For More Details Contact:
Mr. Sanjay Matthews