BANGALORE, April 28, 2015 /PRNewswire/ --
According to a new market research publication titled the Global Feed Additives Market - Trends and Forecasts (2014 -2020), The global animal feed additives market was worth around $25,000 million in 2013 and is expected to cross $30,000 million by 2020 growing at the CAGR of 4.7% during the forecast period 2014-2020.
The global animal feed additives market report is segmented by Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Palatability Enhancers, Pigments, Binders, Minerals, and Emulsifiers) by Animal Type (Ruminant, Poultry, Swine, Aquaculture, Pet Food, Horses) and by Geography.
The report comes with 1300 tables identifying in-depth data on various feed additive types, a data sheet with average feed additive pricing and a detailed pdf report analyzing the market from 2014 to 2020.
Browse in-depth report structure and list of tables here: http://www.mordorintelligence.com/industry-reports/global-feed-additives-market-industry
Feed Additives Market Drivers and Restraints:
Changing demographics in Asia-Pacific like swelling urban populace, increasing income, rising trend of double income families and busy lifestyles among others has led to increased consumption of convenience food. These factors along with rising health awareness in the region have led to a surge in demand for plant and animal protein. Rise in demand for animal protein in the region has exerted pressure on livestock farmers who are gradually shifting to scientific method of farming. Industrial production of meat is replacing traditional methods of farming all over the globe and this shift is expected to draw parallel growth in feed additives industry. Regulations in the industry especially in EU have restricted the growth of the market. Other restricting factors are price volatility and unsteady supply of raw materials.
Feed Additives Market Opportunities:
Amino Acids, Antibiotics, Acidifiers and Vitamins are the major segments accounting for around 45% of the global feed additives market share. The determined push from EU for alternatives to antibiotics has led to increased consumption of acidifiers in Europe. The feed acidifiers market is forecasted to grow at the CAGR of 6.1% with the gradual increase in consumption rate in Asia-Pacific region. Ban on antibiotics has also spurred growth in feed probiotics market. Focus on improving the digestive health of the animals to enhance feed utilization is another reason for growth in the feed probiotics market.
Feed antioxidant is another high growth segment in the market due to ramped up efforts of manufacturers to prevent feed spoilage and wastage. The market for specialty feed additives is expected to grow gradually as more number of compound feed manufacturers are moving towards value addition of the products offered to stay ahead of competition.
Poultry segment is the largest consumer of feed additives market and accounted for around 35% of the market share in 2013. The present trend of consolidation and backward integration of poultry processors will maintain the steady demand for additives during the forecast period. The demand for feed additives from aquafeed industry is expected to be highest during the forecast period as a result of increase in adoption of aquaculture activities in South East Asian countries and demand for fish and fish products.
Key players in the feed additives market:
Some of the major players covered include Cargill Inc., Charoen Pokphand Foods, Archer Daniels Midland Company, Nutreco N.V. etc. The report also includes major strategies adopted by major players and the landscapes of strategies adopted in the industry.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm offering in-depth market analysis reports and consulting services.
Mr. Raghuram Siddavaram
Phone: +1 781-300-3838
SOURCE Mordor Intelligence