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Animal Feed Additives Market Is Expected to Reach $31,387 Million by 2025 with Key Players Such as BASF SE, Cargill, Inc., Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Addcon Group

02-19-2019 06:09 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Animal Feed Additives Market

Animal Feed Additives Market

The animal feed additives market was valued at $19,642 million in 2017, and is projected to reach $31,387 million by 2025, growing at a CAGR of 6.0% from 2018 to 2025. The amino acids additive type segment accounted for maximum share in 2017.

Feed additives are food supplements used for farm animals, which include vitamins, amino acids, fatty acids, and minerals. There is an increase in the adoption of safe and affordable feed additives with the rise in the global demand for meat and poultry products in the end-use sectors. In addition, feed additives gain traction in the pet food segment, as the trend of pet humanization promotes health and well-being of pets.

Increase in demand for meat and meat products results in livestock production on an industrial scale. Mergers and acquisitions adopted by companies such as BASF SE and ADM lead to expansion of the livestock industry. Policies related to the development of livestock have favored industrialization of the animal industry. According to a study conducted by the World Bank, the demand for industrialized meat production is expected to rise six times faster than the traditional meat production methods. Industrialization of meat production has promoted the concept of landless meat production facilities. Thus, there is a rise in the meat production in developed countries owing to optimum usage of land and allied resources. For instance, in the U.S., the concept of concentrated animal feed operations (CAFO) has gained popularity in the past, and similar kinds of models are actively adopted in other parts of the world. This popularity is due to increase in support of government and other financial organizations. Industrialization of this industry leads to adoption of advanced production processes to manufacture high-quality feed for livestock, which in turn fuels the demand for feed additives.

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The market is witnessing significant opportunities owing to surge in demand for processed meat, which increased the consumption of feed additives, thereby boosting the demand for additives in the animal nutrition and feed industry. However, different government regulations toward use of certain synthetic additives and increase in production cost of effective feed additives restrict the growth of animal feed additives industry.

The amino acids segment accounted for the 23.4% share, in terms of volume, in 2017. Amino acids can be provided via feedstuffs such as soybean meal, cereals, and others. The ongoing R&D activities to determine the exact requirement of each essential amino acid for animals contributes toward the global animal feed additives market growth. These requirements depend on livestock species, their life stage, and health status. For instance, the amino acid requirement for piglets will be different from that of the growing pig. Therefore, feed additive manufacturers are focused on formulating the best available diets to ensure optimal performance with the lowest environmental impact.

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The major companies profiled in the report include BASF SE, Cargill, Inc., Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Addcon Group, Aliphos Belgium S.A., Kemin Industries Inc., Koninklijke DSM N.V., and Phibro Animal Health Corporation.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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