The Global Market for Feed Additives, 2019 to 2023 - Increase in Demand for Nutritional Supplements for Monogastric Animals - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 25, 2019--The “Feed Additives Market by Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Minerals, Antioxidants), Livestock, Form, Source, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global feed additives market size is projected to grow from USD 33.0 billion in 2018 to USD 44.3 billion by 2023, at a CAGR of 6.1% during the forecast period.
The feed additives market is driven by various factors such as an increase in the demand and 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 have led to the increased consumption of feed additives.
However, volatility in the raw material prices of natural feed additives and the stringent regulatory framework is projected to hinder the growth of the market.
The preservatives segment is projected to be the fastest growing type in the feed additives market, in terms of value.
The demand for feed preservatives has increased due to the rising focus of the feed manufacturer on extending the shelf life of the feed. Significant dietary changes have occurred in livestock breeding, which has resulted in the increased need and usage of feed preservatives such as mold inhibitors and anti-caking agents.
Furthermore, the use of mold inhibitors besides enhancing the shelf life of the product by reducing the proliferation of mycotoxin-producing molds, maintain the moisture content in the feed, preventing it from drying up.
The poultry segment is projected to hold the largest market share during the forecast period.
Growing concerns about animal health and consumer preferences for a specific color of egg yolk and meat has led to an increasing demand for poultry feed additives.
Moreover, carotenoids are also added to the diet of chicken to impart colors in their legs and skin that is preferred in countries such as China and the US. Additionally, the increasing demand for broilers as compared to any other meat is projected to drive the feed additives for broilers, which in turn, is projected to drive the growth of the poultry segment.
Asia Pacific is projected to be the fastest-growing region in the feed additives market, in terms of value.
The market in Asia Pacific is projected to be the fastest-growing, due to large livestock population and their growth rate. Furthermore, the demand for poultry is estimated to increase in India and China due to factors such as the focus on meat quality, and public health campaigns, which encourage the consumption of lower-fat protein options.
Fish consumption is also increasing in the region owing to similar health trends. On the other hand, there has been an increase in the production as well as consumption of dairy products in the region. These factors are expected to drive the feed additives market in the Asia Pacific region.
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.4 Regions Covered
1.5 Years Considered for the Study
1.6 Currency Considered
1.7 Volume Unit Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Feed Additives Market
4.2 Feed Additives Market: Major Regional Submarkets
4.3 Asia Pacific: Feed Additives Market, By Key Type & Country
4.4 Feed Additives Market, By Livestock & Region
4.5 Feed Additives Market, By Type & Region
4.6 Feed Additives Market, By Source
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Increase in Demand & Consumption of Livestock-Based Products
184.108.40.206 Growth in Feed Production
220.127.116.11 Rise in Awareness About Feed Quality
18.104.22.168 Standardization of Meat Products Owing to Disease Outbreaks
22.214.171.124 Implementation of Innovative Animal Husbandry Practices to Improve Meat Quality
126.96.36.199 Ban on Antibiotics in Different Nations
188.8.131.52 Volatile Raw Material Prices for Natural Feed Additives
184.108.40.206 Stringent Regulatory Framework
220.127.116.11 Shift Toward Natural Growth Promoters
18.104.22.168 Increase in Demand for Nutritional Supplements for Monogastric Animals
22.214.171.124 Quality Control of Genetic Feed Additive Products Manufactured By Asian Companies
126.96.36.199 Sustainability of Feed and Livestock Chain
5.3 Value Chain: Feed Additives Market
5.4 Raw Material Analysis
6 Regulatory Framework
6.2 Regulatory Framework, Country-Wise
7 Feed Additives Market, By Type
7.2 Amino Acids
7.8 Mycotoxin Detoxifiers
7.9 Flavors & Sweeteners
7.13 Non-Protein Nitrogen
8 Feed Additives Market, By Livestock
8.5 Aquatic Animal
9 Feed Additives Market, By Form
10 Feed Additives Market, By Source
11 Feed Additives Market, By Region
11.2 North America
11.4 Asia Pacific
11.5 South America
11.6 Rest of the World (RoW)
12 Competitive Landscape
12.2 Competitive Leadership Mapping
12.3 Competitive Leadership Mapping (Start-Up/SMEs)
12.4 Market Share Analysis
12.5 Competitive Scenario
13 Company Profiles
13.10 Chr. Hansen
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Related Topics:Animal Feedstuffs
INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/25/2019 06:45 AM/DISC: 02/25/2019 06:45 AM