The global animal feed additives market is expected to reach
USD 19.54 billion by 2020, according to a new study by Grand View Research, Inc.
Growing protein demand, especially in Asia Pacific and Latin America, is
expected to be a key driver for additive demand over the next six years. In
addition, various disease outbreaks in livestock animals such as swine flu and
foot & mouth diseases in the past decade have led to increased regulations
on meat quality and safety which further has prompted the use of feed
additives. Raw material and product cost concerns, especially over specialty
products such as enzymes, acidifiers and trace minerals is expected to be a key
issue for market participants over the next six years.
Amino acids such as lysine, methionine, tryptophan and
threonine emerged as the leading product segment, accounting for 31.2% of total
market revenue in 2012. Amino acids are essential for the growth of animals,
especially swine and poultry. Industrial lysine also has advantages over its
natural substitute (soybean) which has been driving the global market. Amino
acids were followed by antibiotics which accounted for 26.8% of total market
revenue in 2012. Antibiotics have been banned in the U.S. and in Europe, and
are expected to witness demand primarily from unregulated markets, especially
in Asia and Latin America. Feed acidifiers are expected to be the fastest
growing products in the overall market, at an estimated CAGR of 6.4% from 2014
to 2020.
Browse full research report on Animal Feed Additives
Market: http://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market
Further key findings from the study suggest:
- Poultry
emerged as the leading livestock consuming feed additives and accounted
for 38.2% of total market revenue in 2012. Growing preference for white
meat, especially in India and China is expected to drive poultry feed
additive demand over the next six years. Poultry along with being the
largest livestock is also expected to be the fastest growing livestock
consuming feed additives at an estimated CAGR of 4.2% from 2014 to 2020.
Poultry was followed by pork/swine which accounted for just over 30% of total
market revenue in 2012.
- Asia
Pacific emerged as the leading market for animal feed additives and
accounted for 32.6% of total market revenue in 2012. Along with being the
largest market, Asia Pacific is also expected to be the fastest growing
market for animal feed additives at an estimated CAGR of 4.2% from 2014 to
2020. Increasing domestic demand, coupled with burgeoning meat trade,
especially in China and India is expected to drive the Asian feed additive
demand over the next six years.
- Europe
animal feed additive demand is expected to reach USD 5,809.7 million by
2020, growing at a CAGR of 4% from 2014 to 2020. Germany was the largest
European market, accounting for close to 10% of regional additive demand
in 2012.
- The
global animal feed additive market is highly concentrated, with the top
four companies including DSM, BASF, Evonik and Danisco. The top four
companies accounted for over 60% share of the global animal feed additives
market in 2012. Some of the other companies operating in the global market
include Elanco, Novozymes, Kemin Industries, Novus International and
Cargill among others.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/food-and-beverages
For the purpose of this study, Grand View Research has
segmented the global animal feed additives market on the basis of product,
livestock and region:
Global High Animal Feed Additives Product
Outlook, (Market Revenue in USD Million, 2012 - 2020)
- Antibiotics
- Vitamins
- Vitamin
A
- Vitamin
E
- Vitamin
B
- Vitamin
C
- Other
Vitamins
- Antioxidants
- Amino
Acids
- Lysine
- Methionine
- Threonine
- Tryptophan
- Other
Amino Acids
- Feed
Enzymes
- Phytase
- Non
Starch Polysaccharides & Other
- Feed
Acidifiers
- Others
(Includes Trace Minerals, NPN, etc.)
Global Animal Feed Additives Application/Livestock
Outlook, (Market Revenue in USD Million, 2012 - 2020)
- Pork/Swine
- Poultry
- Cattle
- Aquaculture
- Other
Animal Feed Additives Regional Outlook, (Market
Revenue in USD Million, 2012 - 2020)
- North
America
- U.S.
- Europe
- Germany
- Italy
- UK
- Asia
Pacific
- China
- India
- Japan
- RoW
- Brazil
Access press
release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-animal-feed-additives-market
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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