Market Overview:
The global animal feed additives market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for meat and dairy products, rising awareness about animal health and nutrition, and growing concerns about food safety. The mineral segment is projected to lead the global animal feed additives market in terms of revenue from 2018 to 2030. This can be attributed to the increasing demand for mineral-based supplements in livestock diets owing to their benefits such as improved digestibility, better absorption of nutrients, and enhanced performance. In terms of application, cattle feeds are projected to lead the global animal feed additives market during the forecast period.
Product Definition:
Animal Feed Additives are substances that are added to animal feed in order to improve its nutritional value, or to prevent the occurrence of diseases in the animals.
Minerals:
Minerals are naturally occurring inorganic elements found in rocks and soil. There are many minerals including calcium, potassium, sodium, iron, magnesium and zinc which are added to animal feed additives for improving the quality of meat. Minerals help to increase the water holding capacity of tissues and also helps to maintain fluid balance in the body which is very essential for cattle as well as poultry.
Amino Acids:
Amino acids are naturally occurring components of proteins. Proteins are essential for animal and human food consumption, as they provide numerous health benefits. Amino acids can be classified into two groups: those derived from animals (including humans) and plants. The latter includes amino acids that are synthetically produced by chemical synthesis or enzymatic processes.
Application Insights:
The cattle feed segment accounted for the largest market share in 2017 and is anticipated to witness significant growth over the forecast period. The growing meat production industry coupled with rising demand for high-quality protein sources is expected to drive animal feed additives demand in this application segment.
Cattle are considered as a key species in various regions due to their importance as a source of milk, meat, hides and horns among others. Moreover, they are also used e.g., as draft animals or oxen on farms owing to their size and strength which makes them suitable for heavy workloads on farms especially in developing countries like India where agriculture is an important occupation followed by employment related tasks such as herding livestock at home or abroad.
Regional Analysis:
Asia Pacific dominated the global animal feed additives market in 2017. The region is expected to witness significant growth over the forecast period owing to rapid industrialization and urbanization, which has led to an increase in meat consumption. Furthermore, rising disposable income of consumers coupled with changing food habits is anticipated to drive demand for animal products including meat and eggs leading to a rise in demand for additives such as vitamins, minerals and enzymes over the coming years.
The European market accounted for a major share of revenue due its well-established agriculture sector that includes feed production along with extensive R&D activities relatedto animal nutrition. However, slow growth rate of livestock along with stringent regulations by EC regarding usage rates of additives may hinder regional product penetration over the next eight years.
Growth Factors:
- Increasing demand for meat and dairy products from developing countries is expected to drive the growth of animal feed additives market.
- Rising awareness about the benefits of animal feed additives among farmers is anticipated to propel the market growth in near future.
- Growing demand for organic food products is projected to create lucrative opportunities for the players operating in animal feed additives market during forecast period.
- Proliferation of new product launches by key players is likely to boost the growth of this market in coming years. 5) Stringent regulations imposed by various governments regarding use of synthetic chemicals as ingredients in animal feed are expected to hamper the growth of this market over forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Animal Feed Additives Market Research Report
By Type
Minerals, Amino Acids, Vitamins, Enzymes
By Application
Cattle Feeds, Sheep Feeds, Swine Feeds, Others
By Companies
Evonik, DowDuPont, DSM, Adisseo, BASF, ADM, Nutreco, Novusint, Cargill, Charoen Pokphand Group, Evonik, Kemin Industries, Biomin, Alltech, Addcon, Bio Agri Mix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Animal Feed Additives Market Report Segments:
The global Animal Feed Additives market is segmented on the basis of:
Types
Minerals, Amino Acids, Vitamins, Enzymes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cattle Feeds, Sheep Feeds, Swine Feeds, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Evonik
- DowDuPont
- DSM
- Adisseo
- BASF
- ADM
- Nutreco
- Novusint
- Cargill
- Charoen Pokphand Group
- Evonik
- Kemin Industries
- Biomin
- Alltech
- Addcon
- Bio Agri Mix
Highlights of The Animal Feed Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Minerals
- Amino Acids
- Vitamins
- Enzymes
- By Application:
- Cattle Feeds
- Sheep Feeds
- Swine Feeds
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Animal Feed Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Animal feed additives are substances that are added to animal feeds in order to improve their nutritional quality, increase their digestibility, or reduce the amount of waste produced.
Some of the major players in the animal feed additives market are Evonik, DowDuPont, DSM, Adisseo, BASF, ADM, Nutreco, Novusint, Cargill, Charoen Pokphand Group, Evonik, Kemin Industries, Biomin, Alltech, Addcon, Bio Agri Mix.
The animal feed additives market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Animal Feed Additives Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Animal Feed Additives Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Animal Feed Additives Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Animal Feed Additives Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Animal Feed Additives Market Size & Forecast, 2020-2028 4.5.1 Animal Feed Additives Market Size and Y-o-Y Growth 4.5.2 Animal Feed Additives Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Minerals
5.2.2 Amino Acids
5.2.3 Vitamins
5.2.4 Enzymes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cattle Feeds
6.2.2 Sheep Feeds
6.2.3 Swine Feeds
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Animal Feed Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Animal Feed Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Minerals
9.6.2 Amino Acids
9.6.3 Vitamins
9.6.4 Enzymes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cattle Feeds
9.10.2 Sheep Feeds
9.10.3 Swine Feeds
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Minerals
10.6.2 Amino Acids
10.6.3 Vitamins
10.6.4 Enzymes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cattle Feeds
10.10.2 Sheep Feeds
10.10.3 Swine Feeds
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Minerals
11.6.2 Amino Acids
11.6.3 Vitamins
11.6.4 Enzymes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cattle Feeds
11.10.2 Sheep Feeds
11.10.3 Swine Feeds
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Minerals
12.6.2 Amino Acids
12.6.3 Vitamins
12.6.4 Enzymes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cattle Feeds
12.10.2 Sheep Feeds
12.10.3 Swine Feeds
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Minerals
13.6.2 Amino Acids
13.6.3 Vitamins
13.6.4 Enzymes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cattle Feeds
13.10.2 Sheep Feeds
13.10.3 Swine Feeds
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Animal Feed Additives Market: Competitive Dashboard
14.2 Global Animal Feed Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Evonik
14.3.2 DowDuPont
14.3.3 DSM
14.3.4 Adisseo
14.3.5 BASF
14.3.6 ADM
14.3.7 Nutreco
14.3.8 Novusint
14.3.9 Cargill
14.3.10 Charoen Pokphand Group
14.3.11 Evonik
14.3.12 Kemin Industries
14.3.13 Biomin
14.3.14 Alltech
14.3.15 Addcon
14.3.16 Bio Agri Mix