San Francisco, 14 February 2019: The Report Animal Feed Additives Market Analysis By Product (Antioxidants, Amino Acids,
Enzymes (Phytase, Non-Starch Polysaccharides), Acidifiers, By Livestock
(Pork/Swine, Poultry, Cattle, Aquaculture), And Segment Forecasts, 2018 - 2025
The 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 Research Report of Animal Feed Additives Market @ 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
Browse more reports of this category by Grand View Research
at: 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
·
Antioxidants
·
Amino Acids
·
Feed Enzymes
·
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Animal Feed Additives Market@ www.grandviewresearch.com/press-release/global-animal-feed-additives-market
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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