The Global Animal Feed Additives Market to Reach Revenues of Over $30 Billion by 2024 - Market Research by Arizton

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Oct 24, 2019, 12:00 ET

CHICAGO, Oct. 24, 2019 /PRNewswire/ -- According to Arizton's recent research report, Animal Feed Additives Market - Global Outlook and Forecast 2019–2024 is expected to grow at a CAGR of over 3% during the forecast period.

Key Highlights Offered in the Report:

1. Owing to the higher demand for seafood, growing fishing industries, and booming aquafeed industry, aquaculture feed additives is expected to emerge the fastest growing segment during the forecast period.

2. Organic feed additives are the most preferred types. Also, 80% of manufacturers are agreeing that the future animal feeds will be organic based.

3. Liquid additives are easy to mix with the feed and offers ease of consumption for animals. However, the demand for dry feed additives is expected to grow at a over CAGR of 6% during the forecast period.

4. Probiotics and enzymes are the next most popular additives and are widely adopted by animal farmers.

5. Phytobiotics are derived from herbs, spices, and plant extracts (such as essential oils). Industry leaders such as Delacon, Cargill, and BIOMINI consider them to be solutions for conventional and free-from antibiotic animal nutrition. The demand for phytobiotics is likely is to grow at a CAGR of approximately 9% during the forecast period.

Key Offerings:

Market Size & Forecast by Revenue | 2018−2024
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by products, species, form type, and geography.
Competitive Landscape – Profile of 7 key vendors and 14 other vendors.

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Animal Feed Additives Market – Segmentation

Poultry is the largest segment in the animal feed additives market and accounted for a market share of over 30% in 2018. The growing awareness of feed additives, the increased demand for poultry products, and the ease of availability are driving the demand for additives.
Amino acids are the most commonly used feed additives and accounted for almost 25% of the global feed additive market in 2018. Amino acids help in healthy and efficient growth. They reduce the environmental impact of livestock, thus promoting the efficient use of grains.
Eubiotics comprise probiotics and prebiotics, the most important feed additives, which are growing at significant CAGR during the forecast period. They help in maintaining the optimal balance of the microflora in the gastrointestinal tract of the livestock, thus optimizing the nutrition absorption.

Market Segmentation by Product

Amino Acids
Antibiotics
Eubiotics
Enzymes
Vitamins
Minerals

Market Segmentation by Species

Poultry
Cattle
Swine
Aquaculture
Others (equine and pet animals)

Market Segmentation by Form Type

Liquid
Dry

Market Segmentation by Geography

North America
Europe
MEA
APAC
Latin America

Animal Feed Additives Market – Dynamics

The demand for sustainable food is a new and major trend in the animal feed additives market. Consumers are concerned about animal welfare, nutrition, and their impact on the environment. This has led a joint impact and resulted in change in the animal feed industry, thereby acting as a catalyst for animal feed additive market. The demand for feed phosphates is increasing as they help to improve meat quality and are important for proper development of animals to obtain good quality products. Developing markets of the APAC region, especially Southeast Asia and East Asia are likely to drive the demand for phosphates feed during the forecast period.

Key Drivers and Trends fueling Market Growth:

Reduction in the Use of Antibiotics
Increased Demand for Phosphates in Animal Feed
Growing Trend of Premium Breeding and Organic Production

Animal Feed Additives Market – Geography

Compared to the developed economies, the animal feed additives market is in the nascent stage in various countries of Middle East and Africa. These regions can turn out to be potential markets for the adoption of feed additives, provided they have sufficient infrastructural growth and high animal production in a sustainable manner. APAC is the largest market for feed additives globally. A large number of the livestock population in the region, coupled with a high demand for animal feed is driving the demand for feed additives.

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Market Segmentation by Geography

North America

US
Canada

Europe

France
Germany
UK
Russia
Spain

APAC

China
Japan
India
Australia

Latin America

Brazil
Mexico

MEA

South Africa
Saudi Arabia

Major Vendors

ADM
Alltech
BASF Group
Cargill
DSM
DuPont
Nutreco

Other vendors include – AB Vista, Adisseo, Advanced Enzymes, Biovet, Boehringer Ingelheim, Chr. Hansen, Elanco, Evonik, Kemin, Lallemand, Land O' Lakes, Novozymes, Perstorp, and Zoetis

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About Arizton:

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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SOURCE Arizton Advisory & Intelligence