Global Feed Additives Market is projected to grow at a significant CAGR from 2017 to 2025
Rise of disposable and per capita income in developing countries has helped to create demand for feed additives. Increasing nutritional deficiencies among livestock is also a rising concern amongst individuals, thereby, again promoting the use of feed additives. The feed additives market by type is segmented into antioxidants, acidifiers, antibiotics, vitamins, minerals, enzymes, amino acids and binders. Antioxidants are further segmented into butylated hydroxyanisole, butylated hydroxytoluene and ethoxyquin. Acidifiers are further segmented into propionic acid, fumaric acid, lactic acid, and formic acid. Antibiotics are further segmented into tetracycline, penicillin and others. Minerals can be segmented into zinc, iron, manganese and others. Enzymes are further segmented into Phytase, Non-starch Polysaccharides, Protease, and Xylanese. Amino acids are further divided into tryptophan, lysine, methionine, threonine and others. Binders are further segmented into clay, lignosulphonates, hemicellulose and others. Of all the types present, the amino acids market with all its sub-types generates maximum revenue from the market; these acids are a major part of animal feed in which lysine is mainly used for poultry and related applications. The vitamin type is used to cover for any kind of deficiency in livestock and improve their overall health. The feed acidifiers’ type is also expected to grow in coming years due to their demand in raising the nutritional levels of livestock.
The report is designed to provide a complete view on the global Feed Additives market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Feed Additives market has been studied considering a short term forecast of the factors/ variables which have an impact on Feed Additives market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Study Technique: Global Feed Additives Market
The global Feed Additives market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Feed Additives market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Feed Additives, and customer analytics.
Global Feed Additives Market Segmentation
The market based on livestock can be segmented into swine, poultry, ruminants and aquatic animals. Poultry based feed additives sell the most and cover majority of the market share. This is due to the diseases which have recently come up and are related to poultry like bird flu; increasing demand for poultry internationally also incentivises farmers to take better precautions. Based on form, the additives are divided into liquid and dry. The liquid formulation is more successful due to its low cost, longevity and easy applicability. Based on function, the feed additives are divided into single and multiple; the multiple segment is growing at a faster rate than it’s counterpart due to its multifunctional nature.
End-User Landscape (Consumer Profile): Feed Additives Market
Companies such as BASF SE, Archer Daniels Midland Company, Cargill, Adiseo France SAS, and Evonik Industries AG, among others are investing extensively in the manufacturing and sale of Feed Additives, which presents a huge opportunity to Feed Additives suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
BASF SE, Archer Daniels Midland Company, Cargill, Adiseo France SAS, Evonik Industries AG, Chr. Hansen Holding A/S, and Koninklijke DSM N.V, among others account for the major share in Feed Additives market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Invivo NSA, Chr. Hansen Holding A/S, Nutreco N.V., and Alltech.
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