This report provides exclusive insights into the COVID-19 impact on the Animal Feed Additives Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Animal Feed Additives Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Animal Feed Additives Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global
Research on animal feed additives market provides an in-depth analysis of segments
and sub-segments in the global as well as regional animal feed additives
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional animal feed additives market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global animal feed additives market.
According to the report, the global animal feed additives market is projected
to grow at a CAGR of 5.8% over the forecast period of 2019-2025.
Feed additives form an essential part of
animal nutrition, which improves the feed quality, yield & quality of food
from animal origin, and animal health. Growing demand and consumption of
livestock-based products such as dairy and dairy-based products, meat and eggs
are the major factors driving the growth of the animal feed additives market
across the globe. According to FAO statistics, it has been specified that the
production of poultry meat reached 120.5 million tonnes in 2017, bovine meat
recorded 70.8 million tonnes, whereas swine meat recorded 118.7 million tonnes.
Furthermore, growing awareness about the health benefits of feed additives
among consumers also plays a key role in driving market growth. Besides, new
product launches and innovations by leading companies, and rapid
commercialization in the animal industry also boosts the growth of animal feed
additives market. However, the high cost of raw material is the major factor that
may hamper the growth of the market during the forecast period. Moreover,
increasing investment in research and development by leading players such as
BASF, Cargill, and ADM are anticipated to create growth opportunities for the
market over the next few years.
In terms of region, Asia Pacific holds the
largest market share due to the presence of a large livestock population.
Growing demand for quality meat products also drives the demand for animal feed
additives in the region. Furthermore, a rise in disposable income, progressive
urbanization also fuels market growth in the Asia Pacific region. Increasing
the buying power of the population from countries such as India, China, and
Japan for a protein-rich diet enhances the growth of animal feed additives in
the APAC region. Europe holds the second largest market share in the animal
feed additives market. Growth in this region is highly attributed to the large
The report on the global animal feed additives
market covers segments such as additive types and livestock. On the basis of additive
types, the sub-markets include antioxidants, amino acids, enzymes, vitamins,
minerals, antibiotics, binders, and other additive types. On the basis of livestock,
the sub-markets include swine, cattle, poultry, aquatic animals, and other
The report provides profiles of the companies
in the market such as Cargill, Incorporated, BASF SE, Archer Daniels Midland
Company, Novozymes, Alltech, Adisseo, Chr. Hansen Holding A/S, Neovia, Koninklijke
DSM N.V., and Nutreco N.V.
The report provides deep insights into the
demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the growth in this market. Moreover, The IGR-Growth Matrix analysis given in
the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
animal feed additives market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.