Report Details:
15 Companies Covered
Pages
Pune, India, December 27, 2017
MRFR Press Release- Market Research Future published a half cooked research report on the global feed additives market, which is estimated to grow at a CAGR of 4.9% during the forecast period, 2017-2023.
Feed Additives Market Market Overview
Feed additives are either plant-derived or chemical substances used to boost the quality of the animal nutrition by improving the nutritional properties of the animal fodder. The feed additives help in stimulation and secretion of digestive enzymes, which, in turn, stimulate an immune response. Additionally, feed additives market is observing an exponential growth based on its high usage in the feed industry. The major types of feed additives available in the market includes: amino acids, vitamins, acidifiers, carotenoids, enzymes, flavors, antibiotics, minerals, and antioxidants.
Market Forecast
The global feed additives market is growing due to increasing meat consumption. With the growing consumer awareness and their increasing interest in healthy lifestyle, the demand for feed additives has increased recently. In addition to the changing lifestyle, the growing demand for feed additives, rise in the meat consumption, quality feed, industrialization of livestock, and the prevention of diseases in livestock are expected to drive the feed additives market.
The global feed additives market is projected to propel by the increasing awareness regarding available health benefits to farm animals from the feed additives. Increased awareness about the feed additives has raised the bar for quality of feed, which, in turn, has increased the market share of feed additives globally. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has boosted the share of feed additives in the global market. The global feed additives market is expected to grow at a CAGR of 4.9% during the forecast period, 2017-2023.
Downstream analysis
Feed additives market is segmented on the basis of type, which includes amino acids, vitamins, acidifiers, carotenoids, enzymes, flavors, antibiotics, minerals, antioxidants, and others. Among all, the amino acids segment is dominating the market followed by antibiotics.
On the basis of form, the feed additives market is segmented into dry, liquid, and others. The dry segment is dominating the market. Ease of handling and storage has uplifted the demand for the dry form.
Based on the species, the feed additives market is segmented into poultry, ruminants, swine, and others. Among all, the poultry segment is dominating the market based on increased consumption of poultry and meat products globally.
Competitive analysis
The major players in the feed additives market
- Danisco U.S. Inc. (U.S.)
- Adisseo France SAS (France)
- BASF SE (Germany)
- Archer-Daniels-Midland Company (U.S.)
- Cargill Inc. (U.S.)
- Nutreco N.V. (the Netherlands)
- Neovia SARL (France)
- Kemin Industries, Inc. (U.S.)
- Alltech, Inc. (U.S.)
- Phibro Animal Health Corporation (U.S.)
Regional Analysis
The global feed additives market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the feed additives market followed by the North America owing to rising population followed by increasing consumption of poultry and meat products in developing regions. Moreover, China is the major exporter of poultry and meat, which, in turn, drives the market of feed additives in the Asia Pacific region.
Furthermore, the U.S. dominates the North American feed additives market owing to the government regulations imposed on the use of antibiotics and allopathic medicines in livestock.
Market Segmentation
Feed additives market is segmented on the basis of type, form, species, and region.
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