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Abstract, Snapshot, Market Analysis & Market Definition: Global Animal Feed Additives Market The global animal feed additives market size was estimated at 36.55 billion in 2018, expanding at a CAGR of 3.8% during the forecast period. Growing energy requirements along with increasing animal meat consumption are creating a higher need for processed aqua, poultry, and dairy products, which is likely to drive the growth. Numerous disease outbreaks in livestock in the past few years has increased concern for meat safety and quality which has prompted the use of feed additives. Raw materials have a direct impact on the cost and quality of final products. As a result, production facilities of the key market players are located near the raw material sources. Key companies in the animal feed additives market are engaged in R&D activities to develop high-quality products. Consumer preference for organic and natural feed products is an emerging trend, which is likely to create the demand for plant extracts and other natural products. Rising demand for organic products is expected to restrict growth of synthetic products in the animal nutrition industry in the forthcoming years. Few multinational giants command a large part of this industry with their established brands. This may be a major concern for the new entrants. However, there is a large untapped market in emerging regions, such as Russia, China, India, and Brazil. These regional markets can gain competition by introducing improved products, creating many opportunities for the new entrants to flourish in the industry. Market Segmentation, Outlook & Viewpoint: Global Animal Feed Additives Market Product Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) Antibiotics Vitamins Vitamin A Vitamin E Vitamin B Vitamin C Other Antioxidants Amino Acids Tryptophan Lysine Methionine Threonine Others Feed Enzymes Phytase Non-Starch Polysaccharides & Others Feed Acidifiers Others Livestock Market Segmentation & Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025) Pork/Swine Poultry Cattle Aquaculture Others Key Players, Recent Developments & Regional Insights: Global Animal Feed Additives Market On the basis of product, the market can be segmented into vitamins, amino acids, antibiotics, acidifiers, antioxidants, enzymes, and others. Others segment includes specialty protein, mycotoxin binders, minerals, flavors and sweeteners, and gut health ingredients among others. Amino acids emerged as the major additive type in 2017 and accounted for over 24% of the overall market share in terms of volume. Amino acids act as protein building blocks for the health of livestock. Amino acids in themselves contain a wide range of proteins products necessary for proper animal raising. Some of the most widely used amino acids include lysine, methionine, threonine, and tryptophan. Lysine is predominantly used in the pork industry while the poultry industry extensively utilizes methionine. Rising awareness concerning to benefits of additives coupled with some significant outbreak of diseases has significantly increased their use in animal nutrition. Vitamins are widely used by the global animal feed industry. Vitamins naturally exist in various feed, but to provide optimum nutrition, additional vitamin based supplements are mixed in livestock feeds. Some of the most prominent commercially used feed vitamins, used as feed additives include Vitamin A, Vitamin D, Vitamin E, Vitamin K, and riboflavin. Vitamins are used only in the cases where the livestock are facing vitamin deficiency and when the natural vitamins present in the feed prove insufficient. The segment is likely to witness sluggish CAGR in the forthcoming years owing to their limited applications in the animal feed. Further, feed enzymes such as phytase and non-starch polysaccharides among others accelerate the digestion of nutrients which enhance the productivity of livestock. They also help control environmental pollution by reducing the phosphorous levels in the animal waste. Lower feed input cost and environment-friendly nature of feed enzymes is likely to propel the product segment at the second fastest CAGR over the forecast period. Livestock Insights In 2017, poultry held the largest market share of more than 38.0% in terms of volume. Rising prevalence of salmonella, avian influenza, and efforts to improve poultry productivity is creating more demand for nutritious ingredients. Low cost, easy availability, and protein-rich content of poultry meat is the most significant factor driving the poultry industry across the globe. Pork/swine emerged as the second largest livestock segment in 2017. Depending on the developmental stage of swine, pork is categorized into grower, sow, and pig starter. Antimicrobials, antioxidants, binders, emulsifiers, enzymes, pH control agents, fat-soluble vitamins (A, K, E, and D), and water-soluble vitamins (B12, riboflavin, choline, and niacin) are some of the major types of additives used in pork feed. Industrialization of cattle products like meat and dairy has positively influenced the cattle feeding industry globally. Cattle feed mainly comprises fodder, legumes, grass, and silage along with hay and dry forages. Increase in consumer awareness regarding the safety of meat and milk products from cattle emerged as the key driving factor for the segment. Increasing single-person households, an aging population, growing purchasing power of pet owners, and rising disposable income are some of the key factors resulting in growth of the global pet food industry. Regional Insights In terms of region, Asia Pacific emerged as the largest regional segment in 2017. Presence of abundant livestock population, untapped and unorganized livestock production sector coupled with the existence of various agricultural economies is likely to drive the regional demand at the fastest CAGR over the next seven years. China emerged as the largest feed producer globally in 2017. The commercial feed industry in China plays a crucial role in supporting livestock and generating export opportunities across the globe. The country is among the major importers of fish meal, barley, sorghum, distillers’ grains, rapeseed, and soybeans which are widely used in animal feeding. Expansion of privately-owned players in the country is the primary factor behind emergence of the country as the largest producer. In terms of revenue, Europe emerged as the second largest region in 2017. Growing livestock industry is primarily driven by the Western European countries. Presence of stringent regulatory norms for the use of additives and premixes along with a ban on antibiotics as growth promoters is developing the natural and organic animal nutrition products. Growing meat consumption, mainly in U.S. and stringent regulations regarding meat quality are expected to remain key regional driving factors. Furthermore, availability of abundant raw materials such as maize and dextrose among others is also expected to drive the regional demand over the forecast period. Central and South America; led by Brazil, Argentina, and Chile, among others, emerged as an attractive market primarily for poultry segment. Brazil led Central and South America poultry feed additive market in 2017. Animal Feed Additives Market Share Insights The global market is extremely competitive and is relatively concentrated with the top four players accounting for over 60% of the global demand. Introduction of customized products in conjunction with application development are expected to be key contributing factors to the competition. Major market participants are anticipated to remain actively involved in merger and acquisition activities over the last five years. Key companies are looking to enhance their regional presence, particularly in unorganized markets such as India, Brazil, and China which is increasing the importance of distribution channel. Major companies are focusing on developing their presence across the value chain. Key companies are establishing their presence in the activities ranging from farming, feeding, production of poultry products, and marketing. Integration throughout the value chain is providing increased profit margin to the poultry feed companies which is offering a significant growth potential to the Australian industry. Major grain manufacturers, such as Cargill and BASF are integrated along the value chain to provide high-quality additives and to serve as a comprehensive supplier to animal feed manufacturers. The integrated operation results in reduced sourcing and logistics costs. Charoen Pokphand (CP) and Alltech are focusing on backward integration to produce low-cost raw materials (feed grains). Some of the key companies present in the industry are AFB International; Alltech; Kemin Industries Inc.; Evonik; DuPont; DSM; Nutreco N.V.; Archer Daniels Midland; and Cargill; among others. Key Insights Covered: Global Animal Feed Additives Market 1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Animal Feed Additives industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Animal Feed Additives industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Animal Feed Additives industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Animal Feed Additives industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Animal Feed Additives industry. Research Methodology: Global Animal Feed Additives Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
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- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data SourcesChapter 2 Executive Summary 2.1 Animal Feed Additives: Industry snapshotChapter 3 Market Variables, Trends, and Scope 3.1 Market segmentation & scope 3.2 Penetration and growth prospect mapping 3.3 Animal feed additive value chain analysis 3.3.1 Cost structure analysis 3.4 Profit margin analysis 3.5 Technology Outlook 3.6 Regulatory Framework 3.6.1 Europe 3.6.2 FDA 3.7 Saponins & Tanins as Animal Feed Additives 3.8 Yucca Extracts 3.9 Distinction betwee | read more...