7-May-2019: The global animal feed
additives market size is expected to reach USD 47.32 billion by 2025, according
to a new report by Grand View Research, Inc. It is anticipated to expand at a
CAGR of 3.8% during the forecast period. Focus on improving overall feed yield
has been a critical factor for the surge in feed additives demand. Increasing
the consumption of meat and milk products as a source of protein and other
essential nutrients is expected to further fuel the growth.
Feed additives are considered
an integral part of animal feed. Additives act as a catalyst that help disease
prevention in animals, improve weight gain, vitamin intake, feed digestion, and
conversion; thereby enhancing the quality of meat production. This factor is
anticipated to propel the global demand over the forecast period.
The animal feed additives must
comply with Regulation (EC) 999/2001, Regulation (EU) 142/2011, and Regulation
(EC) 1069/2009. The production order in the installation should be predefined
complying with the standards laid by the regulatory bodies. In addition, the
production order must be registered and defined as these will be taken into
consideration during transferring the formulation up to production.
Saponins and tanins are gaining
wide acceptance from animal feed additives market. In ruminant animals, the
most important applications of tanins are to control intestinal parasites,
pathogenic bacteria load, and animal pasture bloat. Strong protein affinity of
tanins contributes towards reducing protein degradation which further helps
improve production efficiency and protein utilization in the rumen.
In
depth research report on Animal Feed Additives Market
Further
key findings from the report suggest:
· In
terms of revenue, Asia Pacific emerged as the fastest growing region.
Countries, particularly India and China are anticipated to witness remarkable
growth in the next seven years
· Poultry,
with a market share of more than 38% by volume, emerged as the largest
livestock segment in the past
· The
animal feed additives market is partially consolidated and competitive, with
the presence of major global players
· Some of
the key companies are AFB International; Alltech, Kemin Industries Inc.;
Evonik; DuPont; DSM; Nutreco N.V.; Archer Daniels Midland; and Cargill; among
others.
Grand View Research has
segmented the global animal feed additives market on the basis of product,
livestock, and region:
Animal
Feed Additives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 -
2025)
· Antibiotics
· Vitamins
· Vitamin
A
· Vitamin
E
· Vitamin
B
· Vitamin
C
· Other
· Antioxidants
· Amino
Acids
· Tryptophan
· Lysine
· Methionine
· Threonine
· Others
· Feed
Enzymes
· Phytase
· Non-Starch
Polysaccharides & Others
· Feed
Acidifiers
· Others
Animal
Feed Additives Livestock Outlook (Volume, Kilotons; Revenue, USD Million, 2014
- 2025)
· Pork/Swine
· Poultry
· Cattle
· Aquaculture
· Others
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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