Global Feed Additives Market by Type, Sub Additive Type, Animal Type and Geography - Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 22, 2018--The “Global Feed Additives Market- Segmented by Type, Sub Additive Type, Animal Type and Geography- Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The Global Feed Additives Market was valued at USD 27,873.8 million in 2017 and is expected to register a CAGR of 6.5% during the forecast period (2018-2023).
China is one of the largest market not only in Asia-Pacific but also worldwide. In 2016, China is expected to consume 170.93 million metric ton of compound feed, almost 18% of the global feed consumption.
India, being one of the leading shrimp exporters, has limited number of aqua feed mills and the domestically produced feed is unable to cater to the global demand. Hence, more than half of the aqua feed is imported from other countries.
Dietary supplements of sustainable feed additives, such as prebiotics, have a beneficial effect on fish and shrimp growth, especially in decreasing the feed cost per unit growth of the animal. Prebiotics can also withstand high pelletizing temperatures and have a long shelf life. This is promoting the application of prebiotics in feed, although the usage of prebiotics has not been completely accepted yet.
One of the Fastest Market Growing Segment by Type - Amino Acids
Amino acids in animal feeds have indispensable roles in improving the efficiency of animal protein production and contribute to increasing protein supply. Being the building blocks of proteins and vital for all functions at a cellular level, amino acids are important substances in animal husbandry.
Amino acids play a crucial part in anti-oxidative responses, cell signaling, gene expression, immunity etc. Depending on the ability of the animal body to synthesize the amino acids, they are classified into essential and non-essential amino acids. Lysine, methionine, and threonine are among the most essential amino acids that have to be included in the animal feed for better nutrition.
Growth in Compound Feed Industry
The global compound feed market revenue is estimated to register a significant CAGR over the forecast period. The compound feed industry is mainly driven by factors, like increasing meat consumption across the globe and growth in the processed meat industry, due to increased income of middle-class population in developing countries. Demand for high-quality compound feed from livestock industry, due to increased industrial production of meat and dairy products has elicited the growth in consumption of compound feed and feed additives.
The raw materials used for compound feed production, such as maize, barley, soybean, are used for human consumption and production of ethanol. In this scenario, the feed industry competes with the food industry for raw materials. This situation has generated the demand for additives that are cost effective and enhance production. The home mixers and large farm owners provide additives to the livestock, to ensure a steady supply of high-quality meat, dairy, and derived products.
Market DevelopmentsFeed Info News Service has created an event on feed additives regarding the factors which are impacting the feed value chain. Early bird registration open for World Mycotoxin Forum.
DriversGrowth in Compound Feed Industry Increasing Demand for High-value Animal Protein Increased Awareness Regarding Safety of Meat and Milk Products Increased Industrial Livestock Production Changing Demographics in Asia-Pacific and South America
RestraintsRising Cost of Raw Materials Government Regulations
OpportunitiesBan on Antibiotics Increasing Demand in Asia-Pacific Markets Rise in the Cost of Natural Feeds
Key Topics Covered
1.1 Research Methodology
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model
3. Executive Summary
4. Market Overview And Technology Trends
4.1 Current Market Scenario
4.2 Porter’s Five Forces Analysis
5. Market Dynamics
5.1 Feed Additives Market Drivers
5.2 Feed Additives Market Restraints
5.3 Feed Additives Market Opportunities
6. Global Feed Additives Market Segmentation, by Additive Type
6.4 Amino Acids
6.6 Mycotoxin Detoxifiers
6.9 Flavors and Sweeteners
7. Global Feed Additives Market Segmentation, by Animal Type
8. Global Feed Additives Market Segmentation, by Geography
8.1 North America Feed Additives Market Size (2018 - 2023)
8.2 Europe Feed Additives Market Size (2018 - 2023)
8.3 Asia-Pacific Feed Additives Market Size (2018 - 2023)
8.4 South America Feed Additives Market Size (2018 - 2023)
8.5 Middle East & Africa Feed Additives Market Size (2018 - 2023)
9. Feed Additives Market Competitive landscape
9.2 Market Share Analysis
10. Feed Additives Market Company Profiles
10.1 Adisseo France SAS
10.2 BASF SE
10.3 Danisco A/S
10.4 Archer Daniels Midland Co. (ADM)
10.5 Cargill Inc.
10.6 InVivo NSA SA (Neovia)
10.7 Kemin Industries Inc.
10.8 Nutreco N.V.
10.9 Phibro Animal Health Corp.
10.10 Lallemand Inc.
10.11 Alltech Inc.
10.12 Novozymes A/S
10.13 Beneo GmbH
10.14 Elanco Animal Health Inc.
For more information about this report visit https://www.researchandmarkets.com/research/h5hxhl/global_feed?w=4
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Related Topics:Animal Feedstuffs
INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE
SOURCE: Research and Markets
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PUB: 11/22/2018 06:30 AM/DISC: 11/22/2018 06:30 AM