Global Animal Feed Additives Market value is
anticipated to reach USD 23.81 billion by 2025, according to a new report by Grand View Research, Inc. Globally
increasing meat consumption has been a major factor driving market growth. In
addition, growing consciousness regarding the advantages of these products
along with the recent outbreak of diseases has led to the increased utilization
of additives in animal feed.
These are essential
components for the improvement of overall animal health and performance which
are indirectly impacting the characteristics of human food products.
Consumption of foodstuff containing the appropriate quantity of accompaniments
exert beneficial effects upon animals such as improvement in digestion and conversion.
This, in turn, has a positive economic impact on the profitable production of
food products for the human population.
Amino acids were the
largest product category in 2015 .and is expected to maintain a comparatively
low growth rate over the forecast period. Lysine was the major amino acid
consumed with a share of over 67% in 2015.
Feed acidifiers are
expected to observe the fastest growth over the next nine years with an
estimated CAGR of around 6.4% from 2016 to 2025. It has been evident that acidifiers
are instrumental in increasing the shelf life of fodder, which further helps in
minimization of the overall feed cost, thus driving its market. In addition,
increasing usage of feed acidifiers in the U.S. and Europe owing to ban on
antibiotics is also expected to boost its demand over the forecast period.
Access Full Research Report on Animal Feed Additives
Market:
http://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market
http://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market
Further key findings from the report suggest:
- The global animal feed additives demand
exceeded 256 kilo tons in 2015 and is expected to grow at a CAGR of 3.4%
from 2016 to 2025
- Poultry emerged as the largest livestock
segment in 2015 and is estimated to generate revenue over USD 5.7 billion
by 2025
- Global animal feed antibiotics demand in
aquaculture was USD 4.45 billion in 2015 and is anticipated to witness
staggered growth over the next nine years
- The U.S. foodstuff acidifiers market in
cattle livestock was 613 tons in 2015 and is estimated to reach a total
volume of over 1,090 tons by 2025
- The industry in Asia Pacific is projected
to witness substantial growth over the next decade owing to various
developments across major economies, especially in the processed meat and
dairy products market. The regional market is expected to grow at a CAGR
of 3.8% from 2016 to 2025
- Key players including BASF, DSM, Evonik,
Elenco, Novozymes, Cargill, and Danisco dominated the global animal feed
additives market while accounting for over 60% of the total volume in 2015
View more related reports from same category by Grand
View Research: http://www.grandviewresearch.com/industry/animal-feed-and-feed-additives
Grand View Research has segmented the Global Animal Feed
Additives Market on the basis of product, livestock, and region:
Product Outlook (Volume, Tons; Revenue, USD Million, 2014
- 2025)
- Antibiotics
- Vitamins
- Vitamin A
- Vitamin E
- Vitamin B
- Vitamin C
- Other
- Antioxidants
- Amino Acids
- Tryptophan
- Lysine
- Methionine
- Therionine
- Others
- Feed Enzymes
- Phytase
- Non-Starch Polysaccharides & Others
- Feed Acidifiers
- Others
Livestock Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- Port/Swine
- Poultry
- Cattle
- Aquaculture
- Others
Regional Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- Vietnam
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
View Blog on Global Animal
Feed Additives Market By Grand View Research: http://www.grandviewresearch.com/blog/opportunities-galore-animal-feed-additives
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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