The global animal feed additives market size was valued at $19,642 million in 2017, and is anticipated to grow at a CAGR of 6.0% to reach $31,387 million during 2018 to 2025. Feed additives are used in animal nutrition to enhance the quality and properties of animal feed and to boost features such as overall gut health/digestive performance, palatability preservation, and others. They have gained significant importance globally as they improve the overall health of animals, which in turn improves the quality and quantity of meat produced. For example, in poultry diet, feed additives are used to improve the egg laying capacity of birds, feed utilization, and disease prevention. Similarly, a swine diet includes various natural & synthetic additives such as acidifiers, high dietary levels of copper & zinc, and phytase to boost the performance and profitability of this feed.
Increase in global meat consumption, industrialization of meat products, and rise in awareness of the quality of dairy & meat products consumed drive the growth of the global feed additives market. However, increase in raw material costs restricts the market growth.
The global animal feed additives market is segmented based on additive type, livestock, form, function, and region. Based on additive type, the market is categorized into amino acids, antioxidants, feed enzymes, feed acidifiers, vitamins, minerals, binders, antibiotics, and others. Amino acids are sub-segmented into methionine, lysine, threonine, tryptophan, and others. Antioxidants are further segmented into BHA, BHT, ethoxyquin, and others. Feed enzymes are further classified into phytase, non-starch polysaccharides, protease, xylanase, and others. Feed acidifiers are sub-segmented into formic acid, butyric acid, fumaric acid, acetic acid, and others. Vitamins are further bifurcated into water soluble and fat soluble. Minerals are sub-segmented into zinc sources, iron sources, manganese sources, and copper sources. Binders are further divided into calcium lignosulphate, guar (Arabic) gum, and others. Antibiotics are subdivided into tetracycline, penicillin, and others. Based on livestock, the market is categorized into swine, ruminants, poultry, aquatic animals, and others (equine, pets, and birds). According to form, it is classified into dry, liquid, and others (powder and pellet form). As per function, it is fragmented into single function and multifunction. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key market players operating in the market include:
Archer Daniels Midland Company
BASF SE
Cargill Incorporated
Addcon Group
Evonik Industries AG
Koninklijke DSM N.V.,
Aliphos Belgium S.A.,
Kemin Industries Inc
Nutreco N.V.
Phibro Animal Health Corporation.
Key Benefits for Animal Feed Additives Market
This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017‐2025, which assists to identify the prevailing market opportunities.
Major countries in each region are studied as per key trends, developments, and presence of industry players in the market.
Region-wise and country-wise market conditions are comprehensively analyzed in the report.
This study evaluates the value chain to understand the competitive environment across geographies.
An in-depth analysis of segmentation is provided to elucidate the dominant market opportunities.
Animal Feed Additives Key Market Segmentations:
By Additive Type
Amino Acids
Methionine
Lysine
Threonine
Tryptophan
Others
Antioxidants
BHA
BHT
Ethoxyquin
Others
Feed Enzymes
Phytase
Non-starch Polysaccharides
Protease
Xylanase
Others
Feed Acidifiers
Formic Acid
Butyric Acid
Fumaric Acid
Acetic Acid
Others
Vitamins
Water Soluble
Fat Soluble
Minerals
Zinc Sources
Iron Sources
Manganese Sources
Copper Sources
Others
Binders
Calcium Lignosulphate
Guar (Arabic) Gum
Others
Antibiotics
Tetracycline
Penicillin
Others
By Livestock
Swine
Ruminants
Poultry
Aquatic Animals
Others (Equine, Pets, and Birds)
By Form
Dry
Liquid
Others (Power and Pellet Form)
By Function
Single Function
Multifunction
By Region
North America
U.S.
Canada
Mexico
Europe
Spain
Russia
Germany
France
Netherlands
Italy
UK
Rest of Europe
Asia-Pacific
China
India
Japan
Indonesia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
The other players in the value chain (profiles not included in the report) are:
Biotech JSC,
Danisco Animal Nutrition
Biomin
Ajinomoto Co, Inc.
Alltech, Inc.
Adisseo France SAS
Table of Contents
Executive Summary
According to this report titled, 'Animal Feed Additives Market by Additive Type, Livestock, Form, and Function: Global Opportunity Analysis and Industry Forecast, 2018 - 2025' the animal feed additives market was valued at $19,642 million in 2017, and is projected to reach $31,387 million by 2025, growing at a CAGR of 6.0% from 2018 to 2025. The amino acids additive type segment accounted for maximum share in 2017.Feed additives are food supplements used for farm animals, which include vitamins, amino acids, fatty acids, and minerals. There is an increase in the adoption of safe and affordable feed additives with the rise in the global demand for meat and poultry products in the end-use sectors. In addition, feed additives gain traction in the pet food segment, as the trend of pet humanization promotes health and well-being of pets.
Increase in demand for meat and meat products results in livestock production on an industrial scale. Mergers and acquisitions adopted by companies such as BASF SE and ADM lead to expansion of the livestock industry. Policies related to the development of livestock have favored industrialization of the animal industry. According to a study conducted by the World Bank, the demand for industrialized meat production is expected to rise six times faster than the traditional meat production methods. Industrialization of meat production has promoted the concept of landless meat production facilities. Thus, there is a rise in the meat production in developed countries owing to optimum usage of land and allied resources. For instance, in the U.S., the concept of concentrated animal feed operations (CAFO) has gained popularity in the past, and similar kinds of models are actively adopted in other parts of the world. This popularity is due to increase in support of government and other financial organizations. Industrialization of this industry leads to adoption of advanced production processes to manufacture high-quality feed for livestock, which in turn fuels the demand for feed additives.
The market is witnessing significant opportunities owing to surge in demand for processed meat, which increased the consumption of feed additives, thereby boosting the demand for additives in the animal nutrition and feed industry. However, different government regulations toward use of certain synthetic additives and increase in production cost of effective feed additives restrict the growth of animal feed additives industry.
The amino acids segment accounted for the 23.4% share, in terms of volume, in 2017. Amino acids can be provided via feedstuffs such as soybean meal, cereals, and others. The ongoing R&D activities to determine the exact requirement of each essential amino acid for animals contributes toward the global animal feed additives market growth. These requirements depend on livestock species, their life stage, and health status. For instance, the amino acid requirement for piglets will be different from that of the growing pig. Therefore, feed additive manufacturers are focused on formulating the best available diets to ensure optimal performance with the lowest environmental impact.
Key Findings of the Animal Feed Additives Market:
In terms of value, the feed acidifiers segment is anticipated to exhibit the highest growth rate of 7.1% during the analysis period.
Based on region, Asia-Pacific is anticipated to lead the market in 2025, growing at a CAGR of 6.6%, in terms of value.
In 2017, based on additive type, the lysine segment in the amino acids sector occupied nearly two-fifths of the animal feed additives market share.
In 2017, based on form, the liquid segment dominated the overall market and is expected to remain dominant during the forecast period.
In 2017, based on livestock, the poultry segment occupied around half of the global animal feed additives market share.
In 2017, Asia-Pacific accounted for nearly one-third of the total animal feed additives market size, and is expected to continue this trend, owing to increase in demand for animal feed products, rise in disposable incomes, and surge in demand for protein-rich meat diet.
The major companies profiled in the report include BASF SE, Cargill, Inc., Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Addcon Group, Aliphos Belgium S.A., Kemin Industries Inc., Koninklijke DSM N.V., and Phibro Animal Health Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...