Ocean View, Delaware, July 18, 2017 (GLOBE NEWSWIRE) —
The Industry Outlook report “Animal Feed Additives Market By Livestock (Poultry, Aquaculture, Pork/Swine, Cattle), By Product (Vitamins, Antibiotics, Amino Acids, Antioxidants, Feed Acidifiers, Feed Enzymes), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022” by Global Market Insights, Inc. says Animal Feed Additives Market share is expected to exceed $22 billion by 2022.
Positive outlook towards livestock production for protein-rich meat consumption will give impetus to the animal feed additives market size. It acts as catalysts which prevent diseases in animals, improve weight gain, proper metabolism functioning and fatigue delay, thereby improving meat quality. Amino acids market size will witness significant gains at over 4.5%. Lysine, thrionine, tryptophan and methionine are mainly used amino acids for swine and poultry applications which are important for metabolic processes and animal health.
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Strict government initiatives by FDA and EU for the complete ban of certain antibiotic products should fuel industry growth. Antibiotics increases growth rate and efficiency by treating, preventing and reducing infectious disease occurrences. It is also used as anti-microbial agent and growth promoters in animal feed. However, restrictions imposed by regulatory bodies over AGP (antibiotic growth promoters) for livestock production may hinder industry growth.
AGP is getting limited due to consumer health concerns towards certain diseases caused by animals which may constraint usage of antibiotics. Manufacturers focus on introducing plant extract based products like amino acids and feed phytogenic as natural growth promoters (NGPs), which may further stimulate industry growth.
Growing meat consumption due to rise in per-capita disposable income in Brazil, India and China should drive animal feed additives market growth demand. Various disease outbreaks in animals such as bird flu and swine flu have increased concerns over meat safety and quality, which may further drive growth.
Browse key industry insights spread across 108 pages with 53 market data tables & 12 figures & charts from the report, “Animal Feed Additives Market” in detail along with the table of contents:
U.S. animal feed additives market size from vitamins generated over USD 345 million in 2014. Rising health concerns among ageing population along with adoption of preventive healthcare practices may fuel regional industry growth. China animal feed additives market from antioxidants should grow at more than 6%. Favorable regulatory guidelines will positively influence growth demand.
Cattle based animal feed additives market should witness significant gains. Growing dairy products demand in India and China may escalate industry growth. Poultry based animal feed additives market accounted for over 35% of total revenue share in 2014. Strict regulatory guidelines for meat quality due to diseases such as avian flu has increased consciousness in poultry health sector.
Feed acidifiers market size is forecast to exhibit growth over the foreseeable future. Increasing concerns for improvising feed quality along with growing nutritional additives demand is likely to fuel industry growth. Japan animal feed additives market is projected to surpass USD 425 million by 2022. Rising meat consumption along with increasing concern over meat safety & quality should drive regional growth.
The animal feed additives market share is fairly consolidated. DSM, Evonik, Danisco, and BASF are among key companies. Other companies include Adisseo France, Addcon Group, Biomin Holdings, Cargill, Novozymes, Nutreco, and Novus International. These industrial participants are expanding their regional presence and product portfolio to create new avenues across the value chain.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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