Global animal feed
additives market size was estimated at USD 16 billion in 2014. Growing meat
consumption as a key protein source, especially in Asia Pacific and Latin
America is expected to be a key driver for market demand over the forecast
period. Increased focus on product innovation, resulting in high R&D
spending is expected to provide new growth opportunities to industry
participants.
High degree of
regulatory intervention in developed markets of North America and Europe,
coupled with raw material supply issues are expected to challenge product
growth over the next seven years. Asia Pacific and LATAM animal feed additive
markets, which are comparatively less regulated, are expected to reach USD 7.2
billion and USD 2 billion by 2022, respectively.
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With frequent
regulatory updates and increasing R&D spending, the global feed additive
industry is constantly evolving. In recent times, there has been a significant
increase in mergers, acquisitions and partnerships among market participants,
in order to enhance product portfolio, gain access to regional markets and to
avail synergetic benefits, As a result, we have witnessed companies increasing
their presence across the value chain by integrating and diversifying their
product portfolio.
The report "Animal
Feed Additives Market Analysis By Product (Antibiotics, Vitamins, Antioxidants,
Amino Acids, Feed Enzymes, Feed Acidifiers), By Application (Pork/Swine,
Poultry, Cattle, Aquaculture) And Segment Forecasts To 2022" is available
now to Radiant Insights customers and can also be purchased directly at :
Key
report insights suggest:
• Global animal feed
additives market was valued at USD 16 billion in 2014 and is expected to reach
USD 21.9 billion by 2022, growing at a CAGR of 4% from 2015 to 2022.
• Poultry feed
additives dominate the market, with revenue estimated at USD 6.1 billion in
2014 and expected to grow at a CAGR of 4.3% from 2015 to 2022. Aquaculture feed
additives market is expected to reach USD 1.29 billion by 2022, with an
estimated CAGR of 4.2% over the next seven years.
• Amino acids accounted
for over 30% of global demand in 2014, with revenue estimated to reach USD 8
billion by 2022. The demand for feed enzymes and acidifiers is expected to grow
at a CAGR of 5.3% and 6.5% from 2015 to 2022, respectively.
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Sample report of this Category: http://www.radiantinsights.com/catalog/food-and-Beverages
• North America and
Europe together accounted for over 55% of the global revenue in 2014 and are
expected to witness marginal gains over the forecast period, owing to
regulatory constraints and raw material issues
• Asia Pacific animal
feed additive market was dominated by India and China, together accounting for
around 70% of overall regional revenue in 2014. Brazil dominated the LATAM
market similarly, accounting for 80% of total revenue in the same year.
• The global industry
is significantly concentrated and displays oligopolistic characteristics. Key
companies in the market include integrated players such as DSM, Evonik, and
BASF along with specialists such as Danisco, Elanco, Cargill Novozymes, Kemin,
Novus etc.
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