A research study titled, “Animal Feed Additives Market by
Product and Livestock - Global Industry Analysis and Forecast to 2025”
published by Crystal Market Research, states that the Animal Feed Additives
Market is projected to be around $44.40 billion by 2025.
The global
animal feed additives market was worth USD 29.09 billion in 2016 and is
prognosticated to be nearly USD 44.40 billion by 2025, growing at a compound
annual growth rate (CAGR) of 4.81% during the forecast period. A feed additive
is known as a food supplement and contains minerals, fatty acids, vitamins and
amino acids that are used for farm animals that do not get sufficient nutrients
form regular meals provided by the farmers. In certain cases animals may not
grow properly if they do not have specific nutrients in their diet. The value
of nutrition in animal feeds is influenced by various factors like presentation
of feed, impact of intestinal health, digestibility and hygiene along with its
nutrient content. The cost of these quality feeds is high due to which many of
the farm animal’s diet contain soybean, wheat and maize. These feeds additives
are extremely helpful in improving the weight of animals, preventing various
diseases, and enhanced intake of vitamins, conservation and digestion which
lead to better quality of meat production.
The global animal feed additives market is expected to
witness significant growth due to its outstanding benefits for farm animals
such as prevention of diseases like swine flu and bird flu, digestion, hygiene,
sufficient intake of vitamins and enhanced weight of animals. Preference of
high quality meat among consumers is one of the major factors that boost focus
on animal health which has a positive impact on the animal feed additives
market. Additionally, the disruption of bird flu or avian influenza increased the
importance of animal health. Furthermore, increased production of meat and
poultry is expected to spur the growth of this market on a global level.
On the basis of product the global animal feed additives
market is segmented into Vitamins A, B, C, E, Antioxidants, Feed Enzymes,
Antibiotics, Amino Acids and Feed Acidifiers. On the basis of livestock the
market is segmented into pork/swine, poultry, agriculture and cattle. The
leading market players of this industry are Kemin Industries, Novozymes A/S, DSM,
Cargill, Danisco A/S and Evonik Industries. Geographically, this market is
segmented into Europe, North America, Asia Pacific and Rest of the World.
Browse full research report with TOC on “Animal Feed
Additives Market is projected to be around $44.40 billion by
2025”
Competitive Insights
The
global animal feed additives market is widely competitive. Some of the leading
companies in the global animal feed additives market are Danisco A/S, Kemin Industries, Cargill, Evonik Industries, DSM and Novozymes A/S. The main parameters for being competitive in the industry are the
developments of the applications and customized products in order to enhance
the portfolio and regional existence.
About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
intelligence, and consulting services to help clients make more informed
decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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