Global Market for Animal Feed Additives is Projected to Reach US$24.7 Billion by 2020

Demand for Safe Meat Drives Growth in the Animal Feed Additives Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Animal Feed Additives markets. Global market for Animal Feed Additives is projected to reach US$24.7 billion by 2020, driven by increasing per capita meat consumption and growing demand for safer and high quality meat.

Feed additives are artificially made nutritional or pharmaceutical substances that are primarily used in the preparation of animal feed. Feed additives help optimize the yield potential of animal production by aiding in healthy digestion of feedstuff and by satisfying the nutritional needs of animals. Today, there are several feed additives available in the market that are used in varying quantities in diverse forms such as liquids, powders, pellets and injectables. In addition to playing a supplemental role in improving animal health, feed additives also aid in optimizing productivity and enhancing economic returns for the farmer. Manufacturers are focusing on expanding production capacities and geographic reach into newer markets. European feed additive producers, for instance, are increasingly making investments in the Asian market by establishing production centers to leverage the lucrative growth opportunities in the market.

Since the ban on antibiotics, livestock producers are seeking ways to promote animal production and deliver similar benefits offered by antibiotic growth promoters. The scenario provides a fertile environment for the growth of feed additives. Over the years, various feed additives such as acidifiers, enzymes, amino acids, probiotics, prebiotics, organic acids, as well as proprietary blends have emerged as potential alternatives. Although application of feed acidifiers in livestock species such as cattle and poultry is presently nascent, there exists strong potential for growth, given the shift in preference from pharmaceutical and medicinal products to natural hygiene and feed management.

Amino Acids represents the largest as well as the fastest growing product market. Amino acids help optimize meat yielding potential by aiding in superior digestibility of feedstuffs. Demand is also expected to grow with the expected rise in industrial feed production, as economies become less dependent on rural and farm feed production. Also, the feed additives market is largely influenced by demand patterns for protein rich food, particularly meat and meat products. Demand for amino acids is forecast to witness strong gains in developing markets such as Asia-Pacific and Latin America, which are currently fast growing markets for protein foods.

As stated by the new market research report on Animal Feed Additives, Asia-Pacific, led by China, represents the largest as well as the fastest growing market worldwide. Growth in the region is supported by growing economies, and focus on animal husbandry.

Major players covered in the report include Adisseo France SAS, Ajinomoto Co. Inc., Alltech Inc., BASF SE, Cargill Inc., Chr. Hansen A/S, DSM Nutritional Products, Evonik Industries AG, Kemin Industries Inc., Nutreco N.V and Phibro Animal Health Corporation, among others.

The research report titled “Animal Feed Additives: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities of major global companies. The report provides market estimates and projections for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America (Brazil, Mexico and Rest of Latin America). Product segments analyzed include Antibiotics/Antibacterials, Vitamins, Antioxidants, Amino Acids and Others (includes enzymes and acidifiers among others).

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