Animal Feed Additives Market Revenue Analysis Based on Top Key Players BASF SE, DuPont, DSM, Novozymes, Danisco, Evonik Industries AG, Addcon Group, Cargill Pvt. Ltd., Archer Daniels Midland Company (ADM), Adisseo Inc. France, Kemin Industries

Farm animals are provided with a variety of additives such as sensory additives, nutritional additives, zootechnical additives, and coccidiostats and histomonostats. Sensory additives help stimulate the appetite of animals, allowing them to eat more; while nutritional additives provide specific nutrients to nutrient-deficient animals. Zootechnical additives are added to the feed to improve health and performance of animals, and coccidiostats and histomonostats are antibiotics used to prevent bacterial and microbial growth in the feed. Stringent regulations by the European commission have banned the use of coccidiostats and histomonostats, replacing them with probiotic alternatives.

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Regulation (EC) No 1831/2003 of the European Parliament and of the Council on additives for use in animal nutrition, banned coccidiostat on December 31, 2012. This has prompted various developments to find natural alternatives to coccidiostats in histomonodial and anticoccidial drugs, which help control Eimeria infections. Some of the recent discoveries are the use of vaccines and other alternatives such as sulfonamide, nicarbazin, and amprolium. Unattenuated vaccines such as Coccivac, Advent, Immucox, and Inovocox, and attenuated vaccines such as Paracox and HatchPak CocciIII are widely used. Consumption of livestock such as poultry, swine, and cattle is growing as it constitutes a protein rich diet. This is expected to drive growth of the global animal feed additives market in the near future. Feed additives are increasingly being used to meet the nutritional levels required for metabolism that enables weight gain of the animal, and prevents consumers from diseases such as bird flu and swine flu. This, in turn is a driving factor for the global animal feed additives market growth. Animal feed additives market is expected to exhibit a CAGR of 4.43% in terms of revenue over the forecast period (2017-2025). The global antibiotics market was pegged at US$ 4.199 billion (revenue) in 2016, which is expected to expand at a CAGR of 4.41%, emerging as a major product expected to drive growth for the animal feed additives market over the forecast period.

The global animal feed additives market was pegged at US$ 16.27 billion in 2016 and is expected to expand at a CAGR of 4.43% in terms of revenue, over the forecast period.

Regional Insights

Asia Pacific, followed by Europe and North America, respectively, accounted for a major share in the global animal feed additives market in terms of revenue, in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Europe held a share of 27.77% in terms of revenue, followed by North America (24.44%). The growing consumer knowledge for quality meat and protein intake in Asia Pacific due to rising consumer awareness coupled with meat industry, is expected to drive growth of the global animal feed additives market over the forecast period. The enzymes segment in the global animal feed additives market is expected to witness a CAGR of 4.46% from 2017 to 2025. Asia Pacific is expected to be the most lucrative market during the forecast period, due to increase in grain demand for food production with low availability of land and water resources has resulted in the growth of the meat industry, which is expected to affect the animal feed additive in the global market. The feed additives acts as a catalyst which prevents diseases in animals and improves the vitamin intake, weight gain, digestion, and enhance the quality of meat. Owing to these factors and to control diseases such as avian influenza and bird flu, the addition of feed additives is expected to drive the global animal feed additive market over the forecast period.

Multinational players need to tap potential addressable market in emerging regions with the help of developments and technological advancement

Major players, including BASF SE, DuPont, DSM, Novozymes, Danisco, Evonik Industries AG, Addcon Group, Cargill Pvt. Ltd., Archer Daniels Midland Company (ADM), Adisseo Inc. France, Kemin Industries, and Inc., Nutreco N.V. are the key competitors in the global animal feed additives market. Development and innovation with technological advancement are the key market trends, which are expected to shape the industry in the near future. Among new developments, MiXscience developed ‘Vectorized Solutions, to Transport Additives by Release Technology (VSTAR)’, which is developed to provide protection and stability to active components during additive processing and in storage.

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