The Global Market for Animal Feed Additives is Projected to Reach US$21.2 Billion by the Year 2024

Growing Meat Consumption & Increased Regulatory Supervision Against Antibiotic Use to Drive the Animal Feed Additives Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Animal Feed Additives market. The global market for Animal Feed Additives is projected to reach US$21.2 billion by the year 2024, driven by growing global consumption of meat, industrialization of livestock production, and increasing concerns over indiscriminate use of antibiotics and rising incidence of antibiotic resistance among humans.

The global market for animal feed additives is expected to witness healthy growth in the coming years. Industrialization of livestock production represents one of the key market drivers. Increasing per capita meat consumption and the subsequent commercialization of meat production and rise in consumer concerns regarding quality and safety of meat are the major factors driving demand for animal feed additives. Further, the outbreak of epidemics, such as swine flu, bird flu, and diseases such as food & mouth disease has promulgated concerns over animal health across the globe, spurring the use of efficient feed additives. Growing reservations among public about safety of food consumed and increasing emphasis on compliance to food safety regulations, and the ensuing demand for high quality feed additives is expected to drive the development of efficient and integrated solutions. A key trend in the market currently is the growing demand for organic-feed additives against the backdrop of increasing consumer liking for organically produced meat products.

Amino Acids constitute the largest as well as the fastest growing product segment in the global animal feed additives market. Comprising threonine, tryptophan, methionine, and lysine, amino acids are vital for animals’ growth, especially poultry and swine. Lysine especially is used in the form of growth promoter in swine and cattle feed. Antibiotics were once the popular feed additives for their medical as well as non-medical uses. Their perceived ability to improve yield led to their unscrupulous use, although increased resistance to various antibacterial drugs led to their higher scrutiny in feed usage. Europe and a few other countries, including the US recently, banned their usage, while a few others are expected to toe the line in the near future. In the event of these developments, the usage of other additives, such as amino acids, enzymes, and acidifiers, which also contribute to better yields and overall health improvements, picked up in the recent years. The trend is expected to increase further, as more countries place restrictions on usage of antibiotics. Nevertheless, antibiotics continue to be used in less developed and emerging nations, and hence continue to hold on to a sizable demand.

The dominant market for feed additives presently is Poultry. Outbreaks of diseases, such as bird flu, has further raised the adoption of feed additives in this segment, a trend expected to catch further momentum given rising demand for this meat. Further, the ongoing backward integration as well as consolidation trends among poultry processors is anticipated to result in a steadily growing feed additives demand in the coming years. Swine/pork represents the second largest market in terms of revenue, driven by their livestock size. Beef/cattle and pork livestock is likely to continue to be major markets, driven by their growing popularity in Latin America, the US and Europe, hence driving demand for additives there. Another high potential market for feed additives is the aqua feed industry. Rapidly growing demand for seafood products and fish in Asia-Pacific constitutes the primary factor driving demand growth for aqua feed additives.

As stated by the new market research report on Animal Feed Additives, Asia-Pacific leads the global market for animal feed additives and also spearheads growth worldwide. Rising domestic demand for meat together with the region’s evolution as a leading exporter of meat has altered the dynamics of Asia-Pacific in the global animal feed additives market. China leads the region for meat consumption as well as for the production of animal feed additives. Indonesia, Thailand, and India offer major growth opportunities owing to government assistance, farmer awareness, and growing livestock industrialization, and economic development.

Major players in the market include ADDCON Group, Adisseo France SAS, Ajinomoto Co. Inc., Aliphos Belgium S.A., Alltech Inc., Archer Daniels Midland Company, BASF SE, Biovet JSC, Cargill Inc., Chr. Hansen A/S, CJ CheilJedang Corp., DSM Nutritional Products, E. I. du Pont de Nemours and Company, Elanco Animal Health, Evonik Industries AG, Kemin Industries Inc., Pancosma SA, Lonza Group Ltd., Neovia, Novozymes A/S, Novus International Inc., Nutreco N.V., The Mosaic Company, and Zoetis Inc., 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, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for Animal Feed Additives in terms of US$ for all major geographic markets such as 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 & Africa, and Latin America (Brazil, Mexico and Rest of Latin America). Major segments analyzed in the report include Antibiotics/Antibacterials, Vitamins, Antioxidants, Amino Acids, and Others.


For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

  1. Excellent, the post you have shared is really useful. Thanks for sharing this.
    DDGS
    DDGS Traders
    Rice DDGS
    Rice ddgs Traders
    DDGS Manufacturers

    ReplyDelete
  2. The global animal feed additives market was valued at $19,642 million in 2017, and is estimated to reach $31,387 million by 2025, registering a CAGR of 6.0% from 2018 to 2025.

    Ashish Life Science Pvt Limited (ALS) is one of the Top Veterinary Medicine Companies in India meeting the continued health needs. It promotes well being for all species of animals.

    ReplyDelete
  3. Cmrt compliance

    CMRT Compliance - Accord Compliance Conflict Mineral (CMRT) Module enables companies to gather, store and drill compliance data to ensure their products comply with Tungsten, Tantalum, and Gold (3TG)


    to get more - https://accord-compliance.com/cmrt/

    ReplyDelete
  4. Get best quality animal feed at affordable price pack.

    ReplyDelete
  5. GSKFeeds
    Corn DDGS is an excellent feed ingredient /economical source of energy, protein for live stock. It is pack of Energy/protein/Fiber/Fat/Minerals for Dairy Cows.
    Rice Ddgs manufacturers in India https://www.gskfeeds.xyz/rice-ddgs.html
    Rice Ddgs suppliers https://www.gskfeeds.xyz/rice-ddgs.html
    Rice Ddgs suppliers in India https://www.gskfeeds.xyz/rice-ddgs.html
    Corn Ddgs https://www.gskfeeds.xyz/corn-ddgs.html
    Rice Ddgs https://www.gskfeeds.xyz/rice-ddgs.html

    ReplyDelete
  6. Give best Silage to animal is essential and as per you data of Global Market for Animal Feed is correct.

    ReplyDelete
  7. Being favorably bioavailable and an easily digestible source of highly important nutrients, Bone Base Di-Calcium Phosphate is an extremely popular choice amongst our clientele looking to prepare nutritious animal feed, especially for poultry animals. If you're seeking Dicalcium Phosphate Bone Base Suppliers in India or Dicalcium Phosphate for Cattle, Shivam Chemicals Pvt Ltd is the supplier you need to contact.

    ReplyDelete

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022