December 28, 2018: Adroit Market Research today published a study on the “Global Animal Feed Additives Market Size 2017 by Type [Antioxidants, Antibiotics, Amino acids (Tryptophan, Lysine, Methionine, Threonine, and Others), Vitamins (A, E, B, C, and Others), Feed enzymes (Non-Starch Polysaccharides, Phytase), Feed Acidifiers and Others], by Livestock (Poultry, Cattle, Pork/Swine, Aquaculture, and Others), By Region and Forecast 2018 to 2025”. The global animal feed additives market outlines the current market trends and dynamics including drivers, restraints, and opportunities across different regions that are majorly affecting the market. The report also provides a deep and better understanding of the fastest growing region, growth trends, and strategies of the key players which is bound to impact the global animal feed additives market size over the forecast period between 2018 and 2025.
The global animal feed additives market size is projected to be valued at USD 22.97 billion by 2025. This growth is primarily attributed to the rising per capita consumption of meat, milk, and eggs on account of changing consumer food behavior and this has provided an impetus to the increased feed production for the pig, broiler and dairy industries.
Feed additives are the functional ingredients added to feed in order to improve animal growth. Feed production has become an increasingly global phenomenon. According to the International Feed Industry Federation (IFIF), the U.S., European Union, China, and Brazil are the leaders in the compound feed production.
Recent disease outbreaks in livestock animals such as swine flu, bird flu, foot and mouth infections have surged the need for quality and safety of meat and meat products, thus, driving the need for specialty additives. Growing livestock breeding has generated a need for medical assistance and in turn drive the demand for nutritional feed additives such as amino acids, vitamins, and minerals during the forecast years. Also, rising pork production in developing countries such as China, Russia, Kenya, and others are witnessing a rebound in pig feed production and favorable governmental policies enhance domestic production and imports, thus, boosting the global animal feed additives market. The growing global demand for protein-rich diet is expected to significantly catapult the market growth.
In 2017, amino acids market in animal feed was valued at USD 5.64 billion growing with an above average CAGR from 2018 to 2025. As per NRC (National Research Council), U.S., amino acids improve the efficiency of protein utilization in animal feeding. Regulations and laws pertaining to ban excessive use of antibiotics as animal growth promoters in Europe have promoted to the usage of alternatives such as amino acids, acidifiers, enzymes, and antioxidants, thus enhancing the global animal feed additives market size. Excessive use of antibiotics in ruminant feeds affects human health as it leads to resistance against medicines in the gastrointestinal tract. Concerns regarding the ill-effects of antibiotic use as a growth promoter in Europe and North America has been counterbalanced by its improving demand among Asian and LATAM countries.
Asia Pacific exhibits the highest growth potential in the global animal feed additives market, growing with a CAGR of 3.8% from 2018 to 2025. Increasing population, rapid urbanization & rising living standards, strong economic growth, especially in developing economies including China and India, has spurred the demand for meat products as an alternative to conventional meals. Growing awareness about the health, the increasing global population along with the benefits of feed additives are expected to provide an impetus to the global animal feed additives market size.
The global animal feed additives market is growing steadily and the industry leaders are adopting new product launches as their key growth strategy. Some of the key manufacturers accounting for a hefty market share are BASF SE, Cargill, Inc., and CHR Hansen A/S and are focusing over expanding their businesses and adopt latest technologies to enhance their penetration in the global animal feed additives market.
Key segments of the global animal feed additives market
Type Overview, 2015-2025 (Kilo Tons) (USD Million)
- Amino acids
- Feed enzymes
- Non-Starch Polysaccharides & Others
- Feed Acidifiers
- Others (Trace Minerals, NPN and so on)
Livestock Overview, 2015-2025 (Kilo Tons) (USD Million)
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of World (RoW)