Feed additive are the functional ingredients added to the feed to aid healthy growth of animals. There are various types of feed additives catering to a host of nutritional requirements depending upon livestock. The major types of feed additives include amino acids, acidifiers, enzymes, vitamins, minerals, and texturants among others. In the recent past, the demand for feed has witnessed growth due to growing awareness of farmers, decreasing quality of natural feed and rising nutrient deficiency disorders in animals.
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The increasing industrialization of meat production in emerging economies such as China, India, and Vietnam is providing impetus to the market growth. Driven by these favorable factors, the global animal feed additives market is poised to exhibit a growth of 4.2% CAGR during 2015-2020 and is set to reach $27,267.5m by 2020.
The Global Animal Feed Additives market has been analyzed with respect to different parameters such as demand, supply, end-users and providers of animal feed products. The Animal Feed Additives market has been categorized based on type of livestock and by type. On the basis of livestock the report is segmented into Swine, Aquaculture, Poultry and Cattle, by type Anti-oxidants, Antibiotics, Feed enzymes, Feed Acidifiers, Feed Texturants, Feed prebiotics & Probiotics, Vitamins, Minerals, Amino acids, Flavors & Sweeteners and Colors.
Countries such as India, Brazil, China and Vietnam are increasing their beef and pork meat production. The animal breeders in these countries are realizing the need for feed additives to meet developed market standards. In order to meet the U.S. F.D.A. and EU meat quality standards the growers need enrich feed with additional nutrients to impart functional benefits. Along with this to combat the ever looming livestock disease outbreaks the livestock producers are adding immunity enhancing nutrients to the feed. All these factors are collectively driving the animal feed additives market.
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Animal feed additives market is dominated by five major companies, namely:
Nutreco N.V. (The Netherlands),
Royal DSM N.V.(The Netherlands),
Archer Daniels Midland Company (U.S.),
BASF SE (Germany)
Adisseo France SAS (France),
All of these companies together held a major market share in 2014.These companies have strong tie ups with animal feed manufacturers as well as considerable brand image among the consumers.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented in to four regions North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments.
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