Global Animal Feed Additives Market: Market Outlook
A feed additive is a substance that is used with animal feeds in the form of an addition, mixture, infiltration, etc. Several additives are added in the animal feed to protect animal health, nutritional balance, and other purposes. These animal feed additives can provide nutritional value, texturize, flavor, emulsify and preserve feed. According to FAO, U.S., the livestock sector is one of the fastest growing agricultural segments contributing around 40 percent of the global value of agricultural production supporting the livings and food security of nearly 1.3 billion people. Growing energy requirements with increasing meat consumption are creating a need for processed poultry, aqua, and dairy products, which is likely to drive the growth of animal feed additives. The consumers are looking for fresh, healthy and nutritional rich meat and meat products, to produce healthy and nutritional rich meat, animals need to healthy and nutritional feed, where additives play important role in the manufacturing of animal feed. Antioxidants, amino acids, vitamins, minerals, feed enzymes, binders, antibiotics, and many other additives are the key animal feed additives that improve the quality of the feed products and can fulfill the nutritional requirements of livestock.
Global Animal Feed Additives Market: Market Dynamics
Climatic changes, and decreasing quality feed products promoting numerous diseases in livestock’s in the past few years have increased concern for meat quality and safety which has prompted the use of animal feed additives in feed products. The rising industrialization of meat products owing to increasing demand protein-rich meat products along with safety and quality of the meat is boosting the demand for animal feed additives such as vitamins, acidifiers, amino acids, and other additives. Additives such as minerals, antibiotics, amino acids are added in the animal feed to prevent future diseases of the animal, these are widely used animal feed additives among feed manufacturers. Poultry, Aquatic, ruminant animal farmers prefer nutritional rich feed to improve the health and productivity of the animals to earn additional profits. This factor fueling the growth of the animal feed additives market.
Global Animal Feed Additives Market: Market Segmentation
Based on additive type, the global animal feed additives ingredients market has been segmented as,
Based on Livestock’s, the global animal feed additives ingredients market has been segmented as,
Based on form, the global animal feed additives ingredients market has been segmented as,
Based on Function, Global Animal Feed Additives Ingredients Market has been segmented as,
Based on Region, Global Animal Feed Additives Ingredients Market has been segmented as,
Global Animal Feed Additives Market: Key Players
Some of the key players are engaged in the global animal feed additives market are, Danisco Animal Nutrition, InVivo NSA SA, Adisseo SAS, Kemin Industries Inc., BASF SE., Nutreco NV, Alltech Inc., Beneo GmbH, Elanco Animal Health, Lallemand Inc., Novozymes AS, Phibro Animal Health Corp., Cargill Inc., Archer Daniels Midland Co. and others. These key players are focused on the research and development to innovate new and sustainable additives for the feed products.
Opportunities for the Key Players in the Global Animal Feed Additives Market
The meat production industry is witnessing an upward trend from the past few years in both developed and emerging markets which results in the increased production of livestock and meat, which accelerating the demand for animal feed additives for feeding the rising livestock’s population around the globe. The Asia Pacific will lead the growth of animal feed additives market owing increasing population, disposable incomes and increase in demand for quality meat products.