A new Transparency Market Research report states that the animal feed additives market stood at US$4.4 bn in 2014 and is predicted to reach US$5.9 bn by 2021. It is expected to expand at a CAGR of 4.30% from 2015 to 2021. The title of the report is “Animal Feed Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”.
Browse the full Animal Feed Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at https://www.transparencymarketresearch.com/animal-feed-additives-market.html
As per the report, the animal feed additives market for ruminants is fuelled by the increasing demand for dairy and meat products. In addition, the growing incidence of diseases such as mouth and foot disease and avian flu in animals has also stimulated the market for animal feed additives. Furthermore, the rising concern for animal health, particularly the health of ruminants, has further augmented the market for animal feed additives globally.
On the basis of product type, the market has been segmented into probiotics and prebiotics, vitamins, choline chloride, phytobiotics, polyunsaturated fatty acids, organic acid, non-protein nitrogen, immunomodulators, feed enzymes, amino acids, and others. Amongst these, in 2014, the segment of amino acids led the animal feed additives market for ruminants and held a share of over 20% in the market. On the other hand, the segment of vitamins held the second largest share in the market in the same year. The segment of amino acids is predicted to maintain its superiority through the forecast horizon as amino acids are the key ingredients within animal feed additives and are added to improve the protein development for enhancing the quantity and quality of the meat. The two prime amino acids are methionine and lysine and are fed to ruminants in the form of feed additives.
On the basis of ruminant type, the animal feed additives market for ruminants is segmented into buffalos, cattle, and others. Amongst these, the cattle segment led the market and constituted a share of more than 80% in the market. This is due to the globally increasing demand for meat and the increasing concern about cattle health. On the other hand, the segment of buffalos constituted a very low share within the animal feed additives market for ruminants but this segment is anticipated to be the most rapidly developing segment in the forecast horizon.
On the basis of geography, the market is segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Amongst these, the region of Asia Pacific led the market and held a share of more than 30% in the market. Asia Pacific was trailed by North America and Europe. The rising demand for animal feed additives within Asia Pacific is due to the increasing demand from countries such as India and China. In addition, the rising demand for dairy products within this region is predicted to propel the global market for cattle feed additives in the forecast horizon.
According to the report, the prime players operating in the animal feed additives market for ruminants are Elanco, Novozymes, DSM, BASF S.E., Alltech Inc., and Danisco, Evonik Industries, among others.
The report segments the animal feed additives market for ruminants as:
Global Animal Feed Additives Market for Ruminants by Product Type
- Probiotics and Prebiotics
- Choline Chloride
- Organic Acid
- Polyunsaturated Fatty Acids
- Non-Protein Nitrogen (NPN)
- Amino Acids
- Feed Enzymes
Global Animal Feed Additives Market for Ruminants by Ruminants Type
Global Animal Feed Additives Market for Ruminants by Geography
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East
- Latin America
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