Animal Feed Additives Market to be worth of $31,387 Million by 2025 | AMR
Increase in demand for processed meat has swelled up the demand for additives in the animal nutrition and feed industry, which, in turn, has propelled the market growth. On the other hand, different government restrictions toward use of certain synthetic additives and rise in production cost of effective feed additives curb the growth of the animal feed additives market to some extent.
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Based on livestock, the poultry segment accounted for nearly half of the total market share in 2017 and is predicted to maintain its dominance during 2018-2025. At the same time, the aquatic animals would cite the fastest CAGR of 6.6% by 2025.
Based on geography, the region across Asia-Pacific held the largest share in 2017, generating more than one-third of the total market. The same province would also cite the fastest CAGR of 6.6% during the estimated period.
Based on additive type, the amino acids segment contributed to one-fourth of the total market revenue in 2017 and is expected to rule the roost throughout the estimated period. The feed acidifiers segment, on the other hand, is expected to grow at the fastest CAGR of 7.1% throughout 2018-2025.
Leading market players-
The key market players analyzed in the global animal feed additives market include Cargill, Inc., BASF SE, Evonik Industries AG, Nutreco N.V., Archer Daniels Midland Company,Phibro Animal Health Corporation, Addcon Group, Aliphos Belgium S.A., Kemin Industries Inc., and Koninklijke DSM N.V. They have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.
Key Findings of the Animal Feed Additives Market:
In terms of value, the feed acidifiers segment is anticipated to exhibit the highest growth rate of 7.1% during the analysis period.
Based on region, Asia-Pacific is anticipated to lead the market in 2025, growing at a CAGR of 6.6%, in terms of value.
In 2017, based on additive type, the lysine segment in the amino acids sector occupied nearly two-fifths of the animal feed additives market share.
In 2017, based on form, the liquid segment dominated the overall market and is expected to remain dominant during the forecast period.
In 2017, based on livestock, the poultry segment occupied around half of the global animal feed additives market share.
In 2017, Asia-Pacific accounted for nearly one-third of the total animal feed additives market size, and is expected to continue this trend, owing to increase in demand for animal feed products, rise in disposable incomes, and surge in demand for protein-rich meat diet.
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