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Animal Feed Additives Market

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The global antibiotics market was pegged at US$ 4.199 billion (revenue) in 2016, which is expected to expand at a CAGR of 4.41%, emerging as a major product expected to drive growth for the animal feed additives market over the forecast period.
Global Animal Feed Additives Market is
expected to expand at a CAGR of 4.43%
in terms of revenue during 2017 – 2025
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REPORT DESCRIPTION
• The Global Animal Feed Additive Market was valued at US$ 16.27 billion in
2016, according to a new report published by Coherent Market Insights. Feed
additives are supplements added in feed of livestock to improve the nutritional
level of the farm animals. It contains fatty acids, amino acids, minerals, and
vitamins, which helps in the growth of the animals at a healthy rate. The animal
feed additives market is largely regulated by various government bodies, which is
expected to hinder market growth in near future. These regulation are
incorporated to standardize meat products and to provide consumers safety
towards diseases such as swine flu or bird flu etc. To control these diseases,
antibiotics growth promoters are used in production of livestock. However, AGP
was banned by European Union in 2006 and the U.S. government banned its
usage by December, 2016.
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Animal feed additive market Taxonomy
• Asia Pacific dominated the global animal feed additive market during the last
three years and is expected to retain its dominance in the market throughout the
forecast period, due to increasing consumer knowledge about animal feed and
prevention against diseases caused by meat consumption and growing meat
industries. 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. The growing livestock such as pork/swine, poultry, cattle, aquaculture and
others is propelling the market for animal feed additives during the forecast
period.
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Market Segmentation
• 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 animal feed additive market is expected
to be highly driven by 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. Whereas, amino acid is the largest product segment, accounting for
over USD 49.83 billion share of the global animal feed additive market in 2016 and is
expected to remain dominated during the forecast period.
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Key Strategies
• Asia Pacific is projected to be the lucrative region in global animal feed additive
market. It accounted for share of around 24.71% of the overall animal feed additive
market revenue in 2016. The market in this region is expected to be primarily driven by
increase in urban population, growing trend of multiple income source in families
coupled with busy lifestyles, and health awareness is gaining traction for high quality
protein which is extracted from meat, increase in consumption of aquatic and meat
products.
• The market in Europe is expected to register a significant growth rate over the forecast
period. Increase in grain demand for food production with low availability of land and
water resources has resulted in the increase in meat industry are expected to create
lucrative growth opportunities for the players in this region.
• Antibiotics is dominating the market for product segments in the global animal feed
additive market during the projected period.
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