Feed Additives Market by Type (Amino Acids, Phosphate, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Antibiotics, Minerals, Antioxidants, Non-protein Nitrogen), Livestock, Form, and Region - Global Forecast to 2022
“Feed additives market is projected to grow at a CAGR of 4.5% during the forecast period.”
The feed additives market is estimated at USD 22.62 billion in 2017 and is projected to grow at a CAGR of 4.5%, to reach USD 28.22 billion by 2022. The main factors that drive the demand for feed additives include the growth in consumption of animal-based products, growth in feed production, standardization of meat products owing to disease outbreaks, and implementation of innovative animal husbandry practices to improve meat quality. Additionally, the shift towards natural growth promoters and the increase in demand for nutritional supplements for monogastric animals are opportunities for the feed additives market. However, the ban on antibiotics in several countries, volatile raw material prices, and stringent regulatory framework are the restraining factors for this market.
“The amino acids segment is projected to be the fastest-growing in the global feed additives market.”
On the basis of type, the amino acids segment is projected to be the fastest-growing during the forecast period. Amino acids help in providing the energy required for the growth of bones and muscles, and improving muscle movement, digestion, and blood circulation. They also help in increasing the livestock yield by increasing the quality and quantity of products obtained from the animal. These benefits offered by amino acids have resulted in an increased demand for these additives in the feed industry, which is expected to contribute to the growth of the feed additives market in the coming years.
“Asia Pacific was the largest market for feed additives in 2016.”
Asia Pacific accounted for the largest share of the feed additives market in 2016 owing to the growing awareness among the consumers regarding the impact of quality feed provided to the livestock on animal-based products such as meat and dairy products. Furthermore, continuous modernization of animal production techniques is projected to drive the demand for different types of feed additives in this region.
Break-up of primaries is as follows:
By Company Type: Tier 1 – 17%, Tier 2 – 17%, and Tier 3 –66%
By Designation Level: C Level – 17%, Director Level –50%, and Others – 33%
By Region: North America – 12%, Europe – 37%, Asia Pacific – 25%, South America – 13%, and RoW – 13%
The leading players profiled in this report are as follows:
• Cargill (US)
• BASF (Germany)
• ADM (US)
• DuPont (US)
• Evonik (Germany)
• Solvay (Belgium)
• Ajinomoto Co., Inc. (Tokyo)
• DSM (Netherlands)
• InVivo (France)
• Nutreco (Netherlands)
• Chr. Hansen (Denmark)
• Kemin Industries (US)
The report segments the feed additives market on the basis of type, livestock, form, and region. In terms of insights, this research report has focused on various levels of analyses—trade analysis, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global feed additives market, high-growth regions, countries, government initiatives, drivers, restraints, and opportunities.
Reasons to buy this report:
• To get a comprehensive overview of the feed additives market
• To gain a wide-ranging information about the top players in this industry, their service portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the feed additives market is flourishing