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Published Date
19-11-2015
91 Page Report
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Press Release
Global Animal Feed Additives Market to Exhibit 4.3% CAGR during
2015-2021 due to Growing Demand for Quality Meat and Dairy
Products
REPORT DESCRIPTION
According to a recent market research report published by Transparency Market Research, the global
animal feed additives market is estimated to expand at a CAGR of 4.3% between 2015 and 2021. The
report, titled Animal Feed Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2021, projects the global animal feed additives market to reach a valuation of US$5.9 bn
by 2021. The overall market was valued at US$4.4 bn in 2014.
Feed additives refer to food supplements given to farm animals, as regular food is not sufficient to meet
the nutritional requirements for the proper growth of these animals. Feed additives contain nutrients such
as amino acids, vitamins, fatty acids, and minerals. The growing demand for quality meat and dairy
products worldwide has propelled the growth of the global animal feed additives market. Feed additives
are usually administered orally.
The feed additives for ruminants are usually coated so that they do not get degraded by the action of
micro-organisms present in rumen. Various coating technologies such as nano coated vitamins and
minerals, butyric acid, sweetener, 1-monoglycerides, and acidifier concepts are implemented to coat the
feed additives.
In terms of product type, the report segments the global animal feed additives market into probiotics and
prebiotics, vitamins, phytobiotics, choline chloride, organic acids, polyunsaturated fatty acids,
immunomodulators, non-protein nitrogen (NPN), feed enzymes, amino acids, and others including
antioxidants, feed acidifiers, antibiotics, and trace minerals. Vitamins, probiotics and prebiotics, amino
acids, and feed enzymes are extensively used as feed additives for cattle to enhance the quality of the
meat.
On the basis of types of ruminants, the report broadly categorizes the global animal feed additives market
into cattle, buffalo, and others including sheep, goat, and deer. Probiotics and prebiotics, along with
vitamins, are widely used as feed additives for buffaloes to increase the production of milk.
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The report studies the animal feed additives market across four key regions: Asia Pacific, North America,
Europe, and Rest of the World. Asia Pacific dominates the overall market, closely followed by North
America. Growing demand for animal feed additives, especially for ruminants across China and India, is
expected to propel the growth of the market in Asia Pacific. During the forecast period, the rise in demand
for dairy products and meat across the U.S. and Canada will drive the North America animal feed additives
market.
Describing the competitive landscape, the report profiles some of the key players in the global animal feed
additives market such as BASF S.E., DSM, Elanco, Evonik Industries, Cargill Inc., Danisco, Novozymes,
Archer Daniels Midlands Co., CHR Holdings, and Alltech Inc. Partnerships, joint ventures, and mergers and
acquisitions are the common strategies adopted by the market players. DSM and BASF S.E. together
account for more than 50% of the overall market.
Global Animal Feed Additives Market has been segmented as:
Global Animal Feed Additives Market for Ruminants by Product Type
Vitamin
Choline Chloride
Phytobiotics
Organic Acid
Immunomodulators
Amino Acids
Feed Enzymes
Others
Cattle
Buffalo
Others
North America
Europe
Asia Pacific
TABLE OF CONTENT
7.1. DSM
7.2. BASF S.E.
7.3. Evonik Industries
7.4. Elanco
7.5. Danisco
7.6. Cargill Inc.
7.7. Archer Daniels Midlands Co.
7.8. Novozymes
7.9. Alltech Inc
7.10 CHR Holdings A/S
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