The global 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.
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Key Players:
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.
Growth Drivers:
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.
Product Insights
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.
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