The animal feed additives industry has witnessed steady growth in the last couple of years with increase in global meat consumption and rise in awareness among consumers about meat quality and safety. Feed additives are food supplement for farm animals that are unable get the required nutrients from regular feed. In 2011, the global market for animal feed was valued at 15.6 billion USD. By 2017, the market is estimated to reach a value of 19.5 billion USD, growing at a compound annual growth rate of 3.8 percent from 2012 to 2017. Some of the major factors that are contributing to the growth in this market are growing awareness about different infectious, higher government regulation and increase in the consumption of meat and meat products. Increase in awareness about animal health and periodic outbreak of livestock diseases like bird flu have increased meat producers’ concern about feed quality. This has in turn led to the growth in the feed additives market.
The global market for animal feed additives can be segmented on the basis of additive type, livestock and ancillary supplements. On the basis of feed additive type, the market can be segmented as vitamins, amino acids, antibiotics, acidifiers, antioxidants and feed enzymes. According to ancillary supplements, the feed additive market can be categorized into two basic segments which include animal feed probiotics and animal feed probiotics. On the basis of livestock, the market for animal feed additives can be categorized as poultry, pork, cattle and aquatic animals. The poultry market is the largest market for feed additives followed by the pork market. Increase in consumption of poultry products because of their health benefits and lower calories than red meat is going to fuel the growth in the feed additives market in the future. Asia-Pacific and North America are the two largest consumers of feed additives in the world. Together, these two regions account for more than 60 percent of the overall feed market. The fastest growing feed additives market in the world is Asia-Pacific as the demand for meat and meat products are quite high in China and India.
Key players in the global feed additive industry are DSM, BASF SE, Chr. Hansen A/S, Cargill Inc., Ajinomoto Co. Inc., Archer Daniels Midland Company, Evonik Industries and Lextron Inc. In terms of feed additives type, amino acid represents the largest segment in the market, followed by vitamins. By 2017, the amino acid segment is expected to reach a value of 18.8 billion USD with a compound annual growth rate of 10.2 percent. With increase in prices of natural feed products and rise in consumption of meat products, the market for animal feed additives is expected to grow in the future.
Explore the latest market research reports on global animal feed additives market @ http://www.rnrmarketresearch.com/reports/food-beverage/agriculture/animal-livestock-feed .