The global animal feed additives market value is anticipated
to reach USD 23.81 billion by 2025, according to a new report by Grand View
Research, Inc. Globally increasing meat consumption has been a major factor
driving market growth. In addition, growing consciousness regarding the
advantages of these products along with the recent outbreak of diseases has led
to the increased utilization of additives in animal feed.
These are essential components
for the improvement of overall animal health and performance which are
indirectly impacting the characteristics of human food products. Consumption of
foodstuff containing the appropriate quantity of accompaniments exert
beneficial effects upon animals such as improvement in digestion and
conversion. This, in turn, has a positive economic impact on the profitable
production of food products for the human population.
Amino acids were the largest
product category in 2015 .and is expected to maintain a comparatively low
growth rate over the forecast period. Lysine was the major amino acid consumed
with a share of over 67% in 2015.
Feed acidifiers are expected to
observe the fastest growth over the next nine years with an estimated CAGR of
around 6.4% from 2016 to 2025. It has been evident that acidifiers are
instrumental in increasing the shelf life of fodder, which further helps in
minimization of the overall feed cost, thus driving its market. In addition,
increasing usage of feed acidifiers in the U.S. and Europe owing to ban on
antibiotics is also expected to boost its demand over the forecast period.
Browse full research report on Animal Feed Additives
Market: http://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market
Further key findings from
the report suggest:
- The global animal feed additives demand exceeded 256
kilo tons in 2015 and is expected to grow at a CAGR of 3.4% from 2016 to
2025
- Poultry emerged as the largest livestock segment in
2015 and is estimated to generate revenue over USD 5.7 billion by 2025
- Global animal feed antibiotics demand in aquaculture
was USD 4.45 billion in 2015 and is anticipated to witness staggered
growth over the next nine years
- The U.S. foodstuff acidifiers market in cattle
livestock was 613 tons in 2015 and is estimated to reach a total volume of
over 1,090 tons by 2025
- The industry in Asia Pacific is projected to witness
substantial growth over the next decade owing to various developments
across major economies, especially in the processed meat and dairy
products market. The regional market is expected to grow at a CAGR of 3.8%
from 2016 to 2025
- Key players including BASF, DSM, Evonik, Elenco,
Novozymes, Cargill, and Danisco dominated the global animal feed additives
market while accounting for over 60% of the total volume in 2015
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/animal-feed-and-feed-additives
Grand View Research has segmented the global animal feed
additives market on the basis of product, livestock, and region:
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
Regional Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Spain
- Russia
- Asia
Pacific
- China
- India
- Japan
- Vietnam
- Central
& South America
- Brazil
- Middle
East & Africa
- Saudi
Arabia
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.
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