Feed Additives market is estimated at USD 22.62 billion in 2017 and is projected to grow at a CAGR of 4.5%, to reach USD 28.22 billion by 2022.
Asia Pacific accounted for the largest share of the feed additives market in 2016 owing to the growing awareness among the consumers regarding the impact of quality feed provided to the livestock on animal-based products such as meat and dairy products. Furthermore, continuous modernization of animal production techniques is projected to drive the demand for different types of feed additives in this region.
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The main factors that drive the demand for feed additives include the growth in consumption of animal-based products, growth in feed production, standardization of meat products owing to disease outbreaks, and implementation of innovative animal husbandry practices to improve meat quality. Additionally, the shift towards natural growth promoters and the increase in demand for nutritional supplements for monogastric animals are opportunities for the feed additives market.
However, the ban on antibiotics in several countries, volatile raw material prices, and stringent regulatory framework are the restraining factors for this market.
On the basis of type, the amino acids segment is projected to be the fastest-growing during the forecast period. Amino acids help in providing the energy required for the growth of bones and muscles, and improving muscle movement, digestion, and blood circulation.
They also help in increasing the livestock yield by increasing the quality and quantity of products obtained from the animal. These benefits offered by amino acids have resulted in an increased demand for these additives in the feed industry, which is expected to contribute to the growth of the feed additives market in the coming years.
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Target Audience Include Feed Additives Market Report:
- Feed manufacturers & processors
- Feed additive suppliers
- Research & development laboratories
- Regulatory bodies
- Intermediary suppliers
Get “Feed Additives Market” spread across 197 pages, profiling 13 companies and supported with 99 tables and 56 figures is now available at www.rnrmarketresearch.com/contacts…ount?rname=396101
Top 13 Companies Analyzed for Feed Additives Market are – Cargill (US), BASF (Germany), ADM (US), DuPont (US), Evonik (Germany), Solvay (Belgium), Ajinomoto Co., Inc. (Tokyo), DSM (Netherlands), InVivo (France), Nutreco (Netherlands), Chr.Hansen (Denmark), Kemin Industries (US).
Key Point from Table of Content:
6 Feed Additives Market, By Type
6.2 Amino Acids
6.8 Mycotoxin Detoxifiers
6.9 Flavors & Sweeteners
6.13 Non-Protein Nitrogen
7 Feed Additives Market, By Livestock
7.2.2 Dairy Cattle
7.2.3 Beef Cattle
7.5 Aquatic Animals
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8 Feed Additives Market, By Form
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