Animal Feed Additives Market: Global Industry Analysis and Opportunity Assessment

Feed additives have played an important role in improving both the production quantity and quality in farms. At a time, when global demand for meat and poultry products is growing at a robust pace, safe and affordable feed additives are growing in demand from end-use sectors.

Feed additives are also gaining traction in the pet food segment, as pet humanisation trend is promoting greater emphasis on the health and well-being of pets.

The global animal feed additives market was valued at US$ 14.0 Bn in 2015, and is expected to expand at a CAGR of 2.7% over the forecast period.

The market will witness a gradual shift from antibiotics to feed additives made from natural and organic ingredients. Growth of the global animal feed additives market is driven by increasing emphasis on preventing foodborne and zoonotic diseases, such as various types of avian flus.

Obtain Report Details @
https://www.futuremarketinsights.com/reports/animal-feed-additives-market

Rising demand for meat and poultry products, driven by a steadily growing middle class with substantial disposable income is also influencing farm owners to increase their production quality without compromising on quantity. As more people turn to frozen meat products, farm owners have had to meet stringent quality checks and guidelines to meet safety standards, fuelling the inclusion of feed additives in farms.

Other key factors driving demand for feed additives include the all-pervasive pet humanisation trend and shift towards lean protein in daily diet. Maintaining health and well-being of animals and birds without causing any side effects is driving demand for natural feed supplements, such as probiotics.

The report has segmented the global animal feed additives market on the basis of animal/livestock and product type. The report also offers region-wise forecast and competitive outlook, profiling the key business strategy of leading players in the market.

Among the various animal/livestock segments, poultry segment is expected to witness robust growth, owing to increasing consumption of meat and poultry products in developing countries.

Make an Enquiry @
https://www.futuremarketinsights.com/reports/sample/rep-gb-418

In this report, the global animal feed additives market has been segmented into seven major regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA).

In terms of value, the Western Europe market accounted for the maximum revenue share among all the regions, followed by the North America market, as maximum number of animal feed additives manufacturers are based in Western Europe.

The Eastern Europe animal feed additives market is expected to expand at a CAGR of about 3.0% during the forecast period.

Some of the major players in the global animal feed additives market that are covered in this report are BASF SE, Evonik Industries Ag, Cargill, Inc., Koninklijke DSM N.V, Nutreco N.V., Zoetis Inc., Novozymes A/S and Phibro. The report also analyses the company-specific strategies related to key developments and market consolidation initiatives of key players.

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

Contact

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

This release was published on openPR.