Animal Feed Additive Market Exhibits a Stunning Growth by 2027 with Covid-19 Impact

Animal Feed Additive Market is valued at USD 34.78 Billion in 2018 and expected to reach USD 52.61 Billion by 2025 with the CAGR of 6.09% over the forecast period.

Scope of the Report:

A feed additive is defined as extra nutrients or drugs for acceleration of the growth of livestock. These additives mainly comprise of vitamins, amino acids, fatty acids, minerals, pharmaceutical, fungal products, steroidal compounds etc. Some of the feed additives which are commonly used for livestock growth are growth promotion additives, antimicrobials, feed enzymes, antioxidants, acidifiers, probiotics and prebiotics. Feed additives are mainly used for improving the efficiency of livestock growth, preventing diseases and for improving feed utilization. The additives that are used in feed must be sanctioned for use and then used as per the instructions with respect to inclusion levels and duration of feeding.

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Animal Feed Additives Manufacturers
Global Animal Feed Additive Market report covers prominent players like,

Evonik
DuPont
DSM
Adisseo
BASF
ADM
Novusint
Cargill
Charoen Pokphand Group
Sumitomo Chemical
Kemin Industries
Biomin
Alltech
Addcon
Bio Agri Mix

Animal Feed Additive Market Segmentation:–
By Type:- Antibiotics, Minerals, Amino acids, Vitamins, Enzymes

By Livestock:- Cattle Feeds, Swine Feeds, Poultry, Aquaculture, Others

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa

Increased Demand for Nutritive Food Solutions and Growing Economy of Developing Countries are the Major Factors Driving the Global Animal Feed Additive Market.

The increasing awareness regarding healthier life style, growing demand of meat and non-vegetable food products, increasing population and increasing disposable income in emerging economies such as China and India are the main driving factors for the growing demand of animal feed additive products. High quality feed additives help consumers in having high protein food products such as milk, meat, eggs etc. As nutritional feed additives stimulate feed efficiency, animal health, higher performance and welfare of animals, it also ultimately boosts the quantity and quality of products. These advantages propel the livestock farmers to adopt in using feed additives, leading to the growth of feed additive market.

Global demand for poultry meat and eggs is also increasing considerably. Pork has the highest share about 40.4% of global meat consumption followed by poultry, beef and mutton. As demand of seafood and fish is increasing globally, the farmers using more feed additives to increase production which is also supplementing the market growth. In 2018, fish production reached to 171 million tonnes, of which 88% was consumed by human beings. However, government restriction on certain feed additives along with presence of natural feed additives is restraining the feed additive market. Moreover, future oriented real time automated system and technological scientific advancement seems to generate new opportunities during forecast period.

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This release was published on openPR.