The global animal feed additives market value
is anticipated to reach USD 23.81 billion by 2025, according to a new report by
Grand View Research, Inc. Globally increasing meat consumption has been a major
factor driving market growth. In addition, growing consciousness regarding the
advantages of these products along with the recent outbreak of diseases has led
to the increased utilization of additives in animal feed.
These are essential components
for the improvement of overall animal health and performance which are
indirectly impacting the characteristics of human food products. Consumption of
foodstuff containing the appropriate quantity of accompaniments exert
beneficial effects upon animals such as improvement in digestion and
conversion. This, in turn, has a positive economic impact on the profitable
production of food products for the human population.
Amino acids were the largest
product category in 2015 .and is expected to maintain a comparatively low
growth rate over the forecast period. Lysine was the major amino acid consumed
with a share of over 67% in 2015.
Feed acidifiers are expected to
observe the fastest growth over the next nine years with an estimated CAGR of
around 6.4% from 2016 to 2025. It has been evident that acidifiers are
instrumental in increasing the shelf life of fodder, which further helps in
minimization of the overall feed cost, thus driving its market. In addition,
increasing usage of feed acidifiers in the U.S. and Europe owing to ban on
antibiotics is also expected to boost its demand over the forecast period.
Browse full research report on Global Animal Feed Additives Market: http://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market
Further key findings from the report suggest:
- The global animal feed additives demand exceeded 256 kilo tons in 2015 and is expected to grow at a CAGR of 3.4% from 2016 to 2025
- Poultry emerged as the largest livestock segment in 2015 and is estimated to generate revenue over USD 5.7 billion by 2025
- Global animal feed antibiotics demand in aquaculture was USD 4.45 billion in 2015 and is anticipated to witness staggered growth over the next nine years
- The U.S. foodstuff acidifiers market in cattle livestock was 613 tons in 2015 and is estimated to reach a total volume of over 1,090 tons by 2025
- The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments across major economies, especially in the processed meat and dairy products market. The regional market is expected to grow at a CAGR of 3.8% from 2016 to 2025
- Key players including BASF, DSM, Evonik, Elenco, Novozymes, Cargill, and Danisco dominated the global animal feed additives market while accounting for over 60% of the total volume in 2015
Grand View Research has segmented the global animal feed
additives market on the basis of product, livestock, and region:
Product Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2025)
- Antibiotics
- Vitamins
- Vitamin A
- Vitamin E
- Vitamin B
- Vitamin C
- Other
- Antioxidants
- Amino Acids
- Tryptophan
- Lysine
- Methionine
- Therionine
- Others
- Feed Enzymes
- Phytase
- Non-Starch Polysaccharides & Others
- Feed Acidifiers
- Others
Livestock Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- Port/Swine
- Poultry
- Cattle
- Aquaculture
- Others
Regional Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- Vietnam
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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