Animal Feed Additives Market Analysis and Demand with Forecast Overview To 2024 Profilling Novus International, DSM, Kaesler Nutrition, Kemin, Cargill, ADM & More
U.S. animal feed additives market should grow significantly at a rate of over 3% by 2024 due to strong demand for quality & safe meat products. Stringent food & safety regulations pertaining to standardized meat and milk products along with ban on meat and bone meal should amplify regional product demand.
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Animal Feed Additives Market is likely to generate over USD 25 billion by 2024; according to a new research report. Growing consumer demand for meat products as a source for protein and nutrients along with rising concern towards livestock health & safety should drive animal feed additives market demand. These products act as catalyst preventing diseases, improving weight gain, digestion, conversion rate and overall health.
Rising concerns towards disease outbreaks in livestock suffering from swine flu, bird flu, infections and avian influenza should drive animal feed additives market demand. Increasing concern for safety and quality of meat & meat products should prompt growing demand for specialty additives adding to global demand.
Animal feed additives market demand from aquaculture application should grow steadily to surpass 155 kilo tons by 2024. Amino acids are one of the important ingredients in aquafeed additives as fish and prawns are not able to syntheproteins into amino acids which include tryptophan, lysine, methionine, and threonine. Vitamins also form importance source of diet for shrimp & fish to enhance disease resistance and improve defense mechanism.
Enzymes animal feed additives market should create revenues over USD 750 million by 2024 owing to the exceptional ability to convert nutrients into energy. It breaks down feed into smaller components by binding into the feed substrates improving productivity and livestock health, thus driving animal feed additives market.
Animal feed additives market demand from pet food applications should surpass 160 kilo tons by 2024. Pets needs nutrition & special care for strengthening their joints, improving metabolism, and protecting hair & skin coats. Vitamins, pigments, flavors, antioxidants and probiotics are the prominently used in pet food. Vitamins helps to enable in maintaining body functions and provides essential nutrients needed for growth of pet animals.
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Germany animal feed additives market should grow significantly during forecast timeframe due to raising living standards along with spurring meat demands from packaged food sector. High economic standards coupled with busy working schedule should further strengthen demand for packaged food implying animal feed additives market growth.
Global animal feed additives market share is moderately fragmented with market players including Novus International, DSM, Kaesler Nutrition, Kemin, Cargill and ADM. Companies focus in developing application scope for products along with expanding production capacity through mergers, acquisitions and partnerships. It also helps them expand their product marketing reach to various other regions.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Animal Feed Additives Industry Insights
Chapter 4 Animal Feed Additives Market, By Product
Chapter 5 Animal Feed Additives Market, By Region
Chapter 6 Company Profiles
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Aquafeed Market Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast 2017 - 2024
Aquafeed & Aquaculture Additives Market is set to surpass USD 200 billion by 2024. Growth in fish consumption and growing seafood industry should stimulate aquafeed & aquaculture additives market. Fish and other aquatic animals are playing a key role mainly in the China, India, Thailand, and Malaysia owing to broad range of fishery resources in both freshwater and marine, resulting into increased product demand.
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