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Animal Food Supplements Market

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The global animal feed additives market was pegged at US$ 16.27 billion in 2016 and is expected to expand at a CAGR of 4.43% in terms of revenue, over the forecast period.
Animal Food Supplements Market Report
Till 2025
Animal Feed Additives Market: Government Regulation
Animal feed additives are labeled 'organic' that are specifically used by
livestock. To maintain necessary amount of nutrients in the animal feeds a
regulatory body was formed, the United States Department of Agriculture, Code
(592) Feed Management. They regulated provisions not to exceed the quantity
of nitrogen and phosphorus nutrients supply required by livestock and poultry
for maintenance, production, performance, and reproduction. The normal bird
feeds have insufficient amount of methionine, a proteinogen amino acid
required for feather growth in birds, therefore synthetic methionine is added to
ensure proper feathering of birds. The United States Department of Agriculture
(USDA) advised against the use of ‘organic’ labeling in the poultry feeding on
synthetic methionine. A new rule was formulated by the USDA which strictly
asked manufacturers to reduce the standard limit of synthetic methionine in
organic poultry. A list of registered products that could be permitted as additives
in animal nutrition is issued by European Union and Switzerland. They include:
a) substances as antioxidative effects, b) emulsifiers, stabilizers (organic acids),
c) coloring substances, d) probiotics, e) enzyme mixtures, f) performance
promoters (only antibiotics, others banned since 1st January 1999), g) vitamins
and provitamins, and h) trace elements.
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Regional Insights
Asia Pacific, followed by Europe and North America, respectively, accounted
for a 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 additives
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 growth of the 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 over the forecast period.
Multinational players need to tap potential addressable market in 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, and Inc.,
Nutreco N.V. are the key competitors in the global animal feed additives
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.
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pallavi.reddy
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