About Animal Feed Additives
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.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Animal Feed Additives market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Phibro Animal Health Corp. (United States), Alltech Inc. (United States) and Nutreco (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Animal Feed Additives market by and Region.
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 Type, the sub-segment i.e. Antifungals 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 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.
Influencing Trend:
Poultry are emerging as Largest Market Segment among Other Animals
Market Growth Drivers:
Growth of Dairy Industry and Increasing Demand for Poultry and Meat Consumption
Challenges:
Surge in Organic based Food Culture
Restraints:
Presence of Stringent Regulations against Antioxidants
Opportunities:
Enhancing Sustainable Practices as Livestock and Feed Manufacturers are Associated with Environmental Impact
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.
Key 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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.