The latest report on “Animal Feed Additives Market (Additive Types – Antioxidants, Amino Acids, Enzymes, Vitamins, Minerals, Antibiotics, Binders, and Other Additive Types; Livestock – Swine, Cattle, Poultry, Aquatic Animals, and Other Livestock): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global animal feed additives market is projected to grow at a CAGR of 5.8% over the forecast period of 2019-2025.
Dairy and Dairy-Based Products, Meat and Eggs are the Major Factors Driving the Growth of the Animal Feed Additives Market
Feed additives form an essential part of animal nutrition, which improves the feed quality, yield & quality of food from animal origin, and animal health. Growing demand and consumption of livestock-based products such as dairy and dairy-based products, meat and eggs are the major factors driving the growth of the animal feed additives market across the globe. According to FAO statistics, it has been specified that the production of poultry meat reached 120.5 million tonnes in 2017, bovine meat recorded 70.8 million tonnes, whereas swine meat recorded 118.7 million tonnes.
Furthermore, growing awareness about the health benefits of feed additives among consumers also plays a key role in driving the market growth. Besides, new product launches and innovations by leading companies, and rapid commercialization in the animal industry also boosts the growth of animal feed additives market. However, the high cost of raw material is the major factor that may hamper the growth of the market during the forecast period. Moreover, increasing investment in research and development by leading players such as BASF, Cargill, and ADM are anticipated to create growth opportunities for the market over the next few years.
Asia Pacific Holds the Largest Market Share in Animal Feed Additives Market
In terms of region, Asia Pacific holds the largest market share due to the presence of a large livestock population. Growing demand for quality meat products also drives the demand for animal feed additives in the region. Furthermore, a rise in disposable income, progressive urbanization also fuels market growth in the Asia Pacific region. Increasing the buying power of the population from countries such as India, China, and Japan for a protein-rich diet enhances the growth of animal feed additives in the APAC region. Europe holds the second largest market share in the animal feed additives market. Growth in this region is highly attributed to the large livestock population.
Animal Feed Additives Market: Segmentation
The report on the global animal feed additives market covers segments such as additive types and livestock. On the basis of additive types, the sub-markets include antioxidants, amino acids, enzymes, vitamins, minerals, antibiotics, binders, and other additive types. On the basis of livestock, the sub-markets include swine, cattle, poultry, aquatic animals, and other livestock.
Animal Feed Additives Market: Competitive Landscape
The report provides profiles of the companies in the market such as Cargill, Incorporated, BASF SE, Archer Daniels Midland Company, Novozymes, Alltech, Adisseo, Chr. Hansen Holding A/S, Neovia, Koninklijke DSM N.V., and Nutreco N.V.
Browse Detailed TOC and Description of this Exclusive Report@ https://www.infiniumglobalresearch.com/food-beverage/global-animal-feed-additives-market
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the animal feed additives.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
