Feed Additives are food supplements that are used in animal
nutrition to improve the quality of food and the animal’s
health and performance. These not only help in improving the growth of the
animal but also provide immunity from infectious diseases. Feed
additives may not be put on the market unless authorization has been
given following a scientific evaluation, demonstrating that the additive has no
harmful effects on human and animal health and on the environment.
Poultry market is estimated to be the largest market for feed additives. The global additive demand for poultry was $5.5m in 2012 and is estimated to grow at a CAGR of 4.4% from 2014 to 2020. Feed acidifiers are expected to continue gaining popularity, primarily due to their part in optimizing feed utilization, thereby reducing cost. The growing awareness among people towards safety and quality of meat, rise in the global consumption of meat and recent disease outbreaks in livestock are the major factors leading to growth in this market. Feed enzymes are another high growth segment for additive market. Enzymes not only improve digestibility and feed utilization, but also minimize the environmental impact of increased feed production.
This report categorizes the market into three
different segments, namely: market by type of product, livestock and geography.
Based on the product, the market has been classified into antibiotics,
vitamins, minerals, amino acids, probiotics, prebiotics and others. The
livestock includes cattle, poultry, swine, aquatic animals and others. Based on
the geography, the report has been segmented into North America, Europe, APAC,
and RoW.
Global Animal Feed Additives Market is estimated to
cross $20m mark by 2020.APAC and North America remain the
largest market for the animal feed additives. APAC countries like China and
India are the major countries where the animal feed market is growing rapidly.
By 2020, APAC is estimated to lead the market followed by North America and
South America.
There are more than six different types
of animal feed additives available in the markets which are used based on the
type of requirements. Market size and forecast are provided for each of these
regions. A detailed qualitative analysis of the factors responsible for driving
and restraining growth of the global animal feed additives market and future
opportunities are provided in the report.
This
report on the Global Animal Feed Additives Market identifies many such insights
and M&A opportunities, besides providing a detailed analysis of the Animal
Feed Additives Market.
Global Animal Feed Additives Market
Share, By Product Type, 2014 (%)
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Source: IndustryARC
Analysis, Expert Insights
Antibiotics
accounted for the xx.x% of the global feed additive market, which is forecast
to decline over the next six years, after a complete ban on antibiotics usage
as growth promoters in European Union in 2006 and the U.S. in 2009. Feed amino
acids and vitamins accounted for xx.x% and xx.x% of market share in 2014,
respectively, and are estimated to experience steady demand in the near future.
Feed acidifiers are primarily used for their usefulness in promoting a healthy
gut by modulating the intestinal flora through their bacteriostatic and
bactericidal effects. The global feed acidifier demand was $1m in 2012 and is
estimated to grow at a CAGR of 6.1% from 2014 to 2020, which is the highest
among all product segments.
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