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 livestock population.
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 livestock.
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.
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