Title: Animal feed additives market share research by applications and regions for 2017-2024
1Animal feed additives market trends research and
projections for 2017-2024
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Animal feed additives market
- Animal feed additives market size worth USD 16.11
billion in 2014, is expected to grow at a CAGR of
3.7 over the period of 2015-2022. Rise in meat
consumption of livestock such as poultry, cattle,
and swine as a protein source is expected to
boost the global industry trends over the coming
years. Animal feed additives such as minerals,
vitamins, fatty acids, and amino acids enhances
metabolism and weight gains of the livestock. - Livestock production estimated at 305 million
tons in 2014, is expected to increase
significantly over the coming years and will
drive animal feed additives market growth.
Furthermore, increase in meat consumption due to
growing purchasing capacity and population base
is expected to drive the global animal feed
additives industry size over the next few
years.Asia Pacific meat production sector
contributed over 41 of the overall demand in
2014, while Europe and North America meat
production industry contributed over 18 and 14
of the overall demand in 2014.
3Continued...
- Based on the livestock, animal feed additives
market is segmented into cattle, poultry, swine,
and aquaculture. Animal feed additives market
share in poultry worth USD 6 billion in 2014, is
expected to witness high surge over the coming
timeframe. The growth can be attributed towards
rising health awareness along with strict
monitoring of meat quality by the government due
to increasing occurrence of diseases such as bird
flu, etc. Animal feed additives industry size in
aquaculture is expected to record a CAGR of 4.2
over the coming six years. - Amino acids market price valued at USD 5.3
billion in 2014, is expected to grow
significantly over the coming years. The growth
can be credited to the use of threonine, lysine,
methionine, and tryptophan in feed additives of
poultry and swine.
4Europe animal feed additives market size, by
product, 2012-2022 (USD Million)
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6360 Analysis
- Application Trends
- Strong trends towards growth in livestock rearing
such as cattle, poultry and swine for consumption
forming part of protein rich diet, should drive
animal feed additives market size. Worldwide
livestock production was over 300 million tons in
2014 and has grown annually at close to 1.6 from
2013. These products form significant part of
livestock growth as they help in meeting
nutritional standards required for weight gain
and metabolism functioning. - Regional Trends
- U.S. animal feed additives market may expect
gains at over 3.5. Shift in towards organic meat
consumption over processed products may affect
regional growth. However, favourable regulatory
policies by FDA and FFDCA should enhance product
demand. - Competitive Market Share
- Key industry players include DSM, Danisco, BASF,
and Evonik. Other industrial participants include
Addcon Group, Cargill, ADM, Adisseo France, Kemin
Industries, Nutreco, and Biomin. Some of the
companies are forming strategies to forward
integrate and establish own distributing channels
and enhance profitability by cutting resellers
margin.
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