PUNE, India, October 27, 2017 /PRNewswire/ --
The report "Feed Additives Market by Type (Amino Acids, Phosphate, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Antibiotics, Minerals, Antioxidants, Non-protein Nitrogen), Livestock, Form, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market is estimated to be valued at USD 22.62 Billion in 2017. It is projected to reach a value of USD 28.22 Billion by 2022, at a CAGR of 4.5% from 2017. The market is driven by factors such as growth in consumption of animal-based products, growth in feed production, standardization of meat products owing to disease outbreaks, and implementation of innovative animal husbandry practices to improve meat quality. Additionally, the shift towards natural growth promoters and increase in demand for nutritional supplements for monogastric animals provides feed additive producers and distributors with lucrative opportunities.
Browse 99 Market Data Tables and 56 Figures spread through 197 Pages and in-depth TOC on "Feed Additives Market - Global Forecast to 2022"
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The amino acids segment, by type, is estimated to dominate the Feed Additives Market in 2017.
The amino acids segment, by type, is estimated to be the largest in the Feed Additives Market in 2017. Amino acids play an important role in animal nutrition by supporting the growth, production, activity, reproduction, and overall maintenance of animal health. They also help in increasing the livestock yield. Hence, this segment is estimated to acquire the largest share of the global Feed Additives Market by 2022.
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The dry form is estimated to be the larger segment in the Feed Additives Market in 2017.
The dry form of feed additives accounts for a higher demand among animal producers as they are easy to mix with feed. The ease of storage & handling and transportation & cost advantages over liquid form are also some of the factors that drive the demand for the dry form of feed additives. Thus, the dry segment is expected to continue its dominance during the forecast period.
The poultry segment is projected to be the largest segment in 2017.
Poultry meat is universally consumed, and unlike beef and swine meat, does not have any religious constraints. Growing concerns about animal health and the rise in awareness about the benefits of additives in feedstuff have led to the growth of the poultry Feed Additives Market.
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The Asia Pacific region is estimated to dominate the Feed Additives Market in 2017.
The Asia Pacific region is projected to be the fastest-growing market for feed additives between 2017 and 2022. The major driving factors for the market in this region are the continuous modernization of animal production techniques and the growing awareness among the consumers regarding the impact of quality feed provided to the livestock on animal-based products such as meat and dairy products.
This report includes the study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Cargill (US), BASF (Germany), ADM (US), Evonik (Germany), Adisseo (France), DSM (Netherlands), Chr. Hansen (Denmark), InVivo (France), Alltech (US), Nutreco (Netherlands), and Novozymes (Denmark).
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