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.
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.
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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.
• 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.
Radiant Insights has segmented the animal feed additives market on the basis of product,
application and region for this report:
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Global Animal Feed Additives, By Product (Revenue, USD Million, 2012 - 2022)
• Antibiotics
• Vitamins
- Vitamin A
- Vitamin E
- Vitamin B
- Vitamin C
- Other Vitamins
• Antioxidants
• Amino Acids
- Lysine
- Methionine
- Threonine
- Tryptophan
- Other Amino Acids
• Feed Enzymes
- Phytase
- Non Starch Polysaccharides & Other
• Feed Acidifiers
Global Animal Feed Additives, By Application (Revenue, USD Million, 2012 - 2022)
• Pork/Swine
• Poultry
• Cattle
• Aquaculture
• Other
Global Animal Feed Additives, By Region (Revenue, USD Million, 2012 - 2022)
•North America
- U.S.
• Europe
- Germany
- Italy
- UK
• Asia Pacific
- China
- India
- Japan
• Middle East & Africa (MEA)
• LATAM (Latin America)
- Brazil
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