Animal Feed Additives Market 2018 SWOT Analysis by Major Eminent Players: Danisco A/S, Kemin Industries, Cargill, Evonik Industries, DSM and Novozymes A/S
Animal Feed Additives Market: Industry Trend Analysis
The global animal feed additives market was worth USD 29.09 billion in 2016 and is prognosticated to be nearly USD 44.40 billion by 2025, growing at a compound annual growth rate (CAGR) of 4.81% during the forecast period. Growth in consumption of milk and meat products across the globe to gain proteins and various nutrients is anticipated to boost the growth of this market. Food additives are consistent component of the increasing meat production industry across the globe. These food additives are known to be the catalysts that assist in various activities such as enhancing the rate of weight gain in animals, the intake of vitamins, prevention of disease, conservation and digestion which result in improved quality of meat production. Due to such factors, the animal feed additives market is anticipated to witness significant growth in the consecutive years. Livestock animals are stuck with a number of disease that also include bird flu, swine flu, mouth and foot infections which has raised the concerns related to safety and the quality of meat products.
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Animal Feed Additives Market: Regional Outlook
The animal feed additives market was dominated by Asia Pacific that registered 33 percent of the total share in the year 2015. Upcoming economies in the Asia Pacific region that include Indonesia, china and India have been witnessing major growth in the economy. Due to factors such as change in lifestyle and increased disposable income, their food pattern has switched to meat products from conventional food. The largest country for consumption and production of meat in the world is China. Growing population and standard of living has boosted the demand of meat. Additionally, increasing consumption of meat products in the United States and Mexico along with strict regulations in regard to the quality of meat are key factors that influence the growth of the market. Furthermore, the availability of raw materials in abundance like dextrose and maize is also anticipated to boost the global animal feed additive market.
Animal Feed Additives Market: Competitive Insights
The global animal feed additives market is widely competitive. Some of the leading companies in the global animal feed additives market are Danisco A/S, Kemin Industries, Cargill, Evonik Industries, DSM and Novozymes A/S. The main parameters for being competitive in the industry are the developments of the applications and customized products in order to enhance the portfolio and regional existence.
The global animal feed additives market is segmented as follows:
Animal Feed Additives Market By Product:
• Feed Acidifiers
• Feed Enzymes
• Non-Starch Polysaccharides & Others
• Amino Acids
• Vitamin A,B,C,E
Animal Feed Additives Market By Livestock:
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Table of Contents:
Chapter4.Animal Feed Additives Market, By Product
Chapter5.Animal Feed Additives Market, By Livestock
5.2.Animal Feed Additives Market Assessment and Forecast, By Livestock, 2016-2025
5.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.6.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.7.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
Chapter6.Animal Feed Additives Market, By Region
...CONTINUED FOR TOC
Key finding of the global animal feed additives market:
• The demand of the global animal feed additives market crossed 256 kilo tons in the year 2015 and is anticipated to show significant growth in the upcoming years.
• The largest livestock segment in 2015 was poultry and is expected to grow swiftly in the following years.
• The demand of global animal feed in aquaculture was USD 4.45 billion in the year 2015 and is said to grow substantially in the upcoming years.
• Various enhancements in developing economies of the Asia Pacific are anticipated to drive the growth of the market in the region, specifically in poultry and processed meat.
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Animal Feed Additives Market Research Methodology:
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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