Animal Feed additives are products or substances that are used for improving the animal health. The feed additives are added in various forms and in varying doses depending on the animal. The global animal feed additive market, valued at $14.9 billion in 2013, is estimated to reach $20 billion by 2020. The increase in global meat consumption is the major driving factor that has augmented the demand for animal feed and feed additives market. The demand for low cost meat with superior nutritional value throughout the globe is the other driving factor in this market. The major limitation of this market is the differences in regulations among countries that have an adverse effect on the worldwide meat market, particularly in the developed and developing nations. The amplifying demand in the Asia pacific market for feed additives, which is due to the rising meat production and export is proving to be an opportunity for this market.
The key companies profiled are Addcon Group GMBH, BASF SE, Adisseo France S.A.S, Kemin Industries, Inc., BIOMIN Holding GmbH, Elanco Animal Health, Inc., DSM, Novus International, Inc., Nutreco N.V and Novozymes
SEGMENTS COVERED IN THE REPORT
KEY BENEFITS OF THE REPORT
The global animal feed additive market was valued at $14.9 billion in 2013 and expected to have a sizable growth in the future. The market is expected to grow due to various opportunities in the additives market. The usage of additives in the feed of the livestock is enhancing the overall growth of the animals, thus manufacturers and breeders of livestock depend on the utilization of the additives to enhance the quality of the animal products. Based on the report, it is clearly seen that the acidifier additive is slowing gaining importance and expected to grow as it helps in the prevention of animal diseases. The additive, due to its effectiveness and efficiency, is proving to be an alternative for antibiotics in the western regions. However, based on statistics, it is found that the Asian market is largely adopting antibiotics in the animal feed. The additives not only improve the growth of the animal, but also enhance the quality of the manure and help in the reduction of pollutants in the animal wastes, which directly impact the environment.
Various strategies such as product launches are applied by the key players of the additives market to obtain high market share, by providing products that would enhance the quality of the meat. The animal feed additives also address the pressing environmental issues around the globe.
This market research report is an effort to provide the clear picture of the state of the market and sub markets over the next seven years. The report provides micro level analysis of the factors affecting the market, key market trends and industry drives and challenges for the better understanding of the market structure. The presentation of the market dynamics, competitive scenario and developments will enable marketers to aptly design their growth strategies and have competitive edge. Moreover, assessment of the top investment pockets and winning strategies will help in channelizing their investments in the right directions to garner better proceeds.