Animal Feed Additives Market – Insights
“Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health for better meat quality and prevention from diseases by enhancing the digestibility of the feed materials” – According to the European Commission’s commonly accepted definition. Some of the feed additives for farm animals are sensory additives, nutritional additives, zootechnical additives, coccidiostats and histomonostats. Sensory additives stimulate the appetite of the animals so that they eat more naturally and nutritional additives provide the specific nutrient to the animal’s diet of which it is deficient. Zootechnical additives are added to the feed to improve its nutritional value, and coccidiostats and histomonostats are antibiotics which is provided in the feed to obstruct bacteria’s and micro-organisms. These have been banned in Europe since 2009 and replaced with probiotic alternatives under strict regulations by the European commission. According to Regulation (EC) No 1831/2003 of the European Parliament and of the Council on additives for use in animal nutrition, coccidiostats was banned on 31 December 2012. This has prompted various developments to find a natural alternatives to coccidiostats in histomonodial and anticoccidial drugs to control Eimeria infections. Some of the recent discoveries are the use of vaccines and other alternatives such as sulfonamide, nicarbazin and amprolium. Vaccines are of two types: unattenuated vaccines (Coccivac, Advent, Immucox, and Inovocox) and attenuated vaccines (Paracox and HatchPak CocciIII). Growing trends in livestock such as poultry, swine, and cattle for consumption and provides protein rich diet, which is expected to drive the global animal feed additives market. The increasing demand for feed additives to meet the nutritional level which is required for the metabolism of the animal, to gain weight and to prevent consumers from diseases such as bird flu and swine flu are driving the global animal feed additives market. Animal feed additives market is expected to exhibit a CAGR of 4.43% in terms of revenue during the forecast period (2017-2025). The global antibiotics market size was valued at US$ 4.199 billion (revenue) in 2016 which is expected to expand at a CAGR of 4.41% is also a major product to drive the animal feed additives market during the forecast period.
The global animal feed additives market size was valued at US$ 16.27 billion in 2016 and is expected to expand at a CAGR of 4.43% in terms of revenue during 2017 – 2025.
Figure 1. Global Animal Feed Additives Market Share, By Region, 2016
Animal Feed Additives Market: Government Regulation
The United States Department of Agriculture ,under Code 592, Feed Management, was developed with the purpose of supplying an adequate amount of nutrients required by livestock and poultry for maintenance, production, performance, and reproduction, while reducing the quantity of nutrients, especially N and P, excreted in manure by minimizing the overfeeding of these and other nutrients such as feed additives. Feed additives which is used in livestock is labeled ‘organic’. Synthetic Methionine is a feed additive which is given to poultry to aid in adequate feathering of birds. The feed that is given to the birds is not rich enough in the amino acid Methionine and so a synthetic additive is used. According to USDA, poultry which is given Synthetic Methionine should not be able to use the ‘organic’ labeling. A new rule is set up through the USDA that would reduce the acceptable limits of Synthetic Methionine in ‘organic’ poultry. According to European Union and Switzerland there is a list of registered products that are permitted as feed additives in animal nutrition such as: a) substances as antioxidative effects, b) emulsifiers, stabilizers (e.g. organic acids), c) coloring substances, d) probiotics, e) enzyme mixtures, f) performance promoters (antibiotics, others banned since 1st January 1999), f) vitamins and provitamins and g) trace elements.
Asia Pacific, followed by Europe and North America, respectively, accounted for major share in the global animal feed additives market in terms of revenue in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Europe held a share of 27.77% in terms of revenue, followed by North America (24.44%). The growing consumer knowledge for quality meat and protein intake in Asia Pacific due to rising consumer awareness coupled with meat industry is expected to drive growth of the global animal feed additive6s market over the forecast period. The enzymes segment in the global animal feed additives market is expected to witness a CAGR of 4.46% from 2017 to 2025. Asia Pacific is expected to be the most lucrative market during the forecast period, due to increase in grain demand for food production with low availability of land and water resources has resulted in the increase in meat industry which is expected to affect the animal feed additive in the global market. The feed additives acts as a catalyst which prevents diseases in animals and improves the vitamin intake, weight gain, digestion and enhance the quality of meat. Owing to these factors and to control diseases such as avian influenza and bird flu, the addition of feed additives is expected to drive the global animal feed additive market during the forecast period.
Multinational players need to tap potential addressable market in the emerging regions with the help of developments and technological advancement
Major players including BASF SE, DuPont, DSM, Novozymes, Danisco, Evonik Industries AG, Addcon Group, Cargill Pvt. Ltd., Archer Daniels Midland Company (ADM), Adisseo Inc. France, Kemin Industries, Inc., Nutreco N.V. among others are the key competitors in the global animal feed additive market. Development and innovation with technological advancement are the key market trends which are expected to shape the industry in the near future. Among new developments, MiXscience developed “Vectorized Solutions, to Transport Additives by Release Technology (VSTAR)” which is developed to provide protection and stability to active components during additive processing and in storage.
Feed additives are supplements that are added in feed of livestock to improve the nutritional level of the farm animals. Feed additives contains amino acids, fatty acids, minerals, and vitamins which helps in the growth of the animals at a healthy rate. The nutritional level of the animal feed depends on its nutritional content and also depends upon other factors such as hygiene, digestibility, feed presentation, and effect on colonic health. Farms animals’ diet consist of maize, soybean, and wheat along with high quality feed, which should contain carbohydrates, fats and proteins in particular. Increasing consumer knowledge on animal feed and prevention against diseases caused by meat consumption such as bird flu, etc. and growing meat industry in Asia Pacific and Europe is the key factor of the growth of the global animal feed additive market during 2017-2025. The animal feed additive market is expected to expand at a CAGR of 4.43% during the forecast period.
Increasing demand for feed enzymes and feed grade vitamins, growing demand for low volume with higher value specialty animal feed products drive the demand for organic trace minerals which is expected to propel the demand for animal feed additives market during the forecast period. Other factors such as declining cost of production and growing importance for swine and poultry drives the feed amino acids, and increasing consumption and production of pork benefits the demand for global animal feed additive market. Growth of the animal feed additive market is expected to be directly proportional to growth of the antibiotics market, which is expected to exhibit a CAGR of 4.41% in terms of revenue during 2017-2025 and is expected to retain the trend during the forecast period.
Asia Pacific dominated the market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for feed additives due to rise in demand for white meat, farmers awareness and increase in livestock industrialization over last decade, is the major driving force to position Asia Pacific as the largest region in the global animal feed additive market. Increase in urban population coupled with healthcare awareness is gaining traction for high quality protein from meat and increasing consumption of aquatic and meat products are some of the factors which is expected to created opportunities for major market players and drive the animal feed additive market during the forecast period. Europe market is also expected to experience significant growth and is projected to exhibit a CAGR of 4.43%, during the forecast period.
This report segments the global animal feed additive market on the basis of product types and livestock. On the basis of product types, the animal feed additive market is segmented as antibiotics, vitamins, antioxidants, amino acids, enzymes, acidifiers, and others. On the basis of livestock, the global animal feed additive market is segmented into pork/swine, poultry, cattle, aquaculture, and others. Moreover, amino acid is the largest product segment, accounting for over 30.64% share of the global animal feed additive market in 2016, while, antibiotics is projected to be the fastest growing product segment and expected to grow at a CAGR of 4.41% in terms of revenue during the forecast period.
Key features of the study:
Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.
Table of Contents
“*” marked represents similar segmentation in other categories in the respective section.
Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.
*Browse 90 market data tables and 40 figures on "Animal Feed Additives Market” - Global forecast to 2025”.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.