Animal Feed Additives Market demand
was over 256 kilo tons in 2015. The key driver for increasing market
penetration was due to rapid and fast consuming meat and other products
processed from milk which is considered as one of the leading sources of
protein and essential nutrients.
Feed additives are the key components for the rapid
improvement of metabolism in the livestock. These constituents act as a
catalyst by providing advantages such as improving weight gain, prevention of
diseases, digestion, vitamin intake as well as enhances the quality of meat.
Due to these specialty additional features to the finished
product, the industry is estimated to witness tremendous growth for the
addition of additives in the feed over the near future. Another major factor
affecting the market growth include the outbreak of numerous diseases affecting
livestock like swine flu, mouth infection, and bird flu has increased the
importance for safety and quality of meat and meat products.
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Amino acids such as methionine, lysine, thiamine and
tryptophan have been slated as dominant product category and contributes to
around 30% of total revenue generated in 2015. The main reasons for this are
increasing meat consumption especially in Asia Pacific and Middle East which is
expected to result for the significant increase in amino acids demand over the
forecast period.
Lysine is a key amino acid additive which is essential for
growth of animals especially for swine and poultry. Antibiotics emerged as the
second largest product segment which accounts for around 26% of the total
volume in 2015. Major benefit from antibiotics is that it helps in healthy
growth of livestock which is anticipated to be the key factor driving its demand
globally.
Livestock Insight
A paradigm shift has been observed globally for feed
additives owing to increasing awareness for its importance in feed among
consumers. The poultry segment accounted for around 35% of the total feed
additives demand in 2015.
Cattle category accounted for approximately 29% of the total
market value in 2015. Improving feed quality along with enhanced cattle
metabolism owing to the addition of these specialty additives has resulted in
better dairy products yields and meat quality.
Regional insight
Asia Pacific accounted for approximately 30% of the global
animal feed additives market. Countries such as China, Indonesia, and India
have been facing strong growth in their respective economy owing to increasing
standard of living and population explosion have increased the demand for meat
products. China is the leading consumer and manufacturer of meat globally.
Increasing urbanization rate and disposable income leading to change in
lifestyle are anticipated to be some major factors for the increasing
consumption of meat in the country.
North America accounted for over 25% of total demand in
2015. North America is the fastest growing segment for meat production and
consumption. Countries such as Mexico and the U.S. have collaborated to standardized
quality of meat products, which is expected to fuel feed additives demand in
the region.
Competitive Insights
The feed additives industry is highly fragmented in nature.
Some of the major industry participants include Novozymes, DSM, Danisco (DuPont),
BASF, Evonik, Cargill, and Kemin. The wide range of customized product
offerings and development of new applications for feed additives are expected
to be some of the major trends in the industry.
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Market Segment:
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
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