Specialty Feed Additives Market By Type Of Feed (Vitamins, Antioxidants, Flavours And Sweeteners, Minerals, Binders, Acidifiers And Others), By Livestock (Aquatic Animals, Poultry, Swine, Ruminants And Others), By Type Of Feed (Liquid Feed And Dry Feed), By Function (Palatability Enhancement, Mycotoxin Management, Ingredient Preservation Digestive Performance Enhancement And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
The Global Specialty Feed Additives Market was worth USD 8.13 billion in 2016 and estimated to be growing at a CAGR of 5.34%, to reach USD 10.54 billion by 2021.
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Specialty Feed Additives facilitate the provision of nutrition to farm animals, which cannot be gained through regular meals. They enhance the digestive system of the animals and are provided in the form of palatable food materials.
Specialty feed additives is a vital market to the society as it enhances the quality of meat and other animal products thus adding nutrition to the human life as well.
The recent period has seen a significant rise in the importance paid to the specialty feed additives for the livestock.
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The growth of the Global Specialty Feed Additives Market is mainly driven by factors such as rise in the consumption of meat and other animal products like dairy, leather, etc are favoring the growth of this market. The increasing spread of diseases amongst the livestock and innovation in the livestock rearing culture is another major factor driving the growth of the market.
However, lack of awareness, high investment costs and government regulations are preventing the growth of the market.
The Global Specialty Feed Additives Market is segmented based on Type of feed, Livestock, Form of feed and function. The market for Specialty Feed Additives, on the basis of Type of feed is segmented into Vitamins, Antioxidants, Flavors and Sweeteners, Minerals, Binders, Acidifiers and others.
The Acidifiers segment leads the global market on the basis of type of feed and is also projected to witness a higher growth rate during the forecast period. On the basis of Livestock, the global Specialty Feed Additives Market is segmented into Aquatic animals, Poultry, Swine, Ruminants and others.
Under this segment, feed additives for the poultry segment are leading the market currently. On the basis of Form of feed, the global Specialty Feed Additives Market is segmented into Liquid feed and Dry feed.
The dry feed is further classified as Pellets and Powders. The Liquid Feed additives market is expected to have a higher CAGR among the feed additives based on form of feed.
On the basis of Function, the global Specialty Feed Additives Market is segmented into Palatability enhancement, Mycotoxin Management, Ingredient Preservation Digestive performance enhancement and others.
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The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2016, Europe led the global Specialty Feed Additives Market.
However, the Asia Pacific region is projected to grow the highest during the forecast period due to various factors such as growing urban population, increase in spending and the rise in population.
This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the global Specialty Feed Additives Market are Novus International, BASF SE, Evonik Industries, Lucta S.A, Chr. Hansen Holdings A/S, Biomin Holding GmbH, Invivo NSA, DSM, Akzo Nobel Surface Chemistry AB, Kemin Industries Inc., Biomin Holding GmbH and Nutreco N.V.
Specialty Feed Additives Market Segmentation:
Type of feed
- Flavors and Sweeteners
- Other Type of Feed
- Y-o-Y Growth Analysis, By Type of feed
- Market Attractiveness Analysis, By Type of feed
- Market Share Analysis, By Type of feed
- Aquatic Animals
- Other Livestock
- Y-o-Y Growth Analysis, By Livestock
- Market Attractiveness Analysis, By Livestock
- Market Share Analysis, By Livestock
Form of Feed
- Y-o-Y Growth Analysis, By Form of Feed
- Market Attractiveness Analysis, By Form of Feed
- Market Share Analysis, By Form of Feed
- Palatability Enhancement
- Mycotoxin Management
- Ingredient Preservation
- Digestive Performance Enhancement
- Other Functions
- Y-o-Y Growth Analysis, By Function
- Market Attractiveness Analysis, By Function
- Market Share Analysis, By Function
The scope of the report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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