Global Animal Feed Additives Market Overview:
Animal Feed Additives are speciality chemicals, vitamins, minerals, enzymes, etc. which are added to the feed given to livestock. This additives are usually mixed into the animal feed in very small quantities, but has profound results on the nutrient intake of the animals. This are added with primary motive of accelerating the growth of the animals, for improving their performance and keeping them healthy. Feed Additives is considered as important as food humans’ intake through animals, as any element of feed additive harmful to the health of the animal will also be present in food that humans intake through this animal and will thus affect the health of humans. This has led to several govt. bodies banning and framing stringent regulatory policies against animal feed additives, which hampers the growth of the animal feed additives market to an extent. Geographically, Asia Pacific is the biggest market currently for animal feed additives. Some of the players profiled in the study are BASF SE (Germany), Cargill Inc. (United States), Novozymes A/S (Denmark), Ajinomoto (Japan), Evonik (Germany), DuPont de Nemours, Inc. (United States), Dow Chemical Company (United States), InVivo (France), Archer-Daniels-Midland (United States) and Solvay (Belgium).
On the basis of geography, the market of Animal Feed Additives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Animals, the sub-segment i.e. Cattle will boost the Animal Feed Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Animal Feed Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Dry will boost the Animal Feed Additives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growth of Dairy Industry
- Increasing Demand for Poultry and Meat Consumption
Influencing Trend
- Poultry are emerging as Largest Market Segment among Other Animals
Restraints
- Presence of Stringent Regulations against Antioxidants
Opportunities
- Enhancing Sustainable Practices as Livestock and Feed Manufacturers are Associated with Environmental Impact
Challenges
- Surge in Organic based Food Culture
Key Market Developments:
In 2019, Phibro Animal Health Corporation, US based Animal health, mineral and Feed producing Company has announced acquisition of Osprey Biotechnics, Inc., who specialise in development of microbial products. Osprey’s expertise in microbial products is set to benefit Phibro in its animal health division, which is one of the fastest growing market.
In 2005, EU’s European Commission for food safety banned antibiotics such as monensin sodium, salinomycin sodium, avilamycin and flavophospholipol, as well as other minor antibiotics agents in Livestock feed.
Target Audience:
Animal Feed Additives Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Animal Feed Additives market on the basis of product [Antifungals, Antioxidants, Pellet binders, Amino Acids, Phosphates, Vitamins, Acidifiers, Enzymes, Minerals, Beta-adrenergic agents, Xanthophylls and Others] , application [
], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Animal Feed Additives market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Animal Feed Additives industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Phibro Animal Health Corp. (United States), Alltech Inc. (United States) and Nutreco (Netherlands).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Animal Feed Additives market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.