Animal Feed Additive Market Analysis

Animal Feed Market Additive – A cursory look at the market

Animal feed additive or just feed additives are food supplements consumed by farm animals that cannot get enough from regular meals that the farmers/cattle owners provide them and include vitamins, amino acids, fatty acids, and minerals. The absence of necessary vitamins and minerals in the animal feed usually results in the farm animals stunted growth and therefore feed additives are essential for the proper growth of these farm animals as well in enhancing their productivity for the farmers.

The majority of farm animals’ diet consists of wheat, maize, soybean meal and this can be attributed to the higher costs of quality feed. The global animal feed additives market value was worth $22.10 billion during 2015 that is estimated to grow at a CAGR of 4.5% reaching $27.54 billion by the end of 2020. The animal feed additive market forecast for the Asia-Pacific Region is expected to be the fastest growing market with a CAGR of 4.2% over the next five years.

In Europe, all animal feed additives have to undergo a thorough approval process before they are to be sold in the open market within the European Union. The European Food Safety Authority (EFSA), the European Reference Laboratory (ERL) and the European Commission (EC) evaluate the products seeking approvals for their use as feed additives. The European market is one of the largest markets in terms of animal feed additives market size due to factors such as increased health awareness of meat quality and the shifting meat consumption trends to pork and poultry that requires high feed additive inputs.

Animal Feed Additives in terms of vitamin market trends – A summary

The animal feed additives market’s largest consumer in terms of market share is poultry that has emerged as the leading livestock that is consuming about 38.2% of the animal feed additives. The importance of vitamins in the animal feed additives is crucial because feed vitamins are food supplements that are given to farm animals as they are unable to get their daily dose of vitamins from their daily meals and vitamin deficiency causes many diseases in addition to hindering the growth of farm animals.

Overall, four types of Vitamins are included in the animal feed such as Vitamin A, Vitamin B, Vitamin D and Vitamin E that are considered essential for the healthy growth of all livestock. The feed vitamins market trends are driven by the demand for high-quality meat and increasing health concerns about the outbreak of diseases in livestock. In addition, the barriers in the form of high cost of processing and raw materials are creating a roadblock towards the growth of the vitamins market.

Factors influencing the animal feed additives market – An outlook    

The animal feed additives market is influenced by certain factors that would influence the market dynamics in the coming decades. These factors include the following ones-

  • The decreasing cost of production due to scientific advances in the field of biotechnology along with the growing importance of poultry and swine feed is expected to boost the demand for the animal feed additives market during the next two decades.
  • The rising consumption of meat and poultry/pork products is expected to drive the market for animal feed additives leading to an augmented market growth.
  • The increasing demand for probiotics and probiotics in addition to yeast extracts is expected to stimulate the growth of the market for animal feed additives leading to expansion of Animal Feed Additives Market Size.

Market segmentation of animal feed additives market – an Aerial View

The global feed animal feed additives is segmented on the basis of types/products, livestock and geography each of these segments is further sub-divided as shown in this table herein below-

Types/Product Livestock Geography
Amino Acids Poultry North America
Vitamins Cattle Europe
Antibiotics Swine Asia-Pacific
Enzymes Aquatic Animals LAMEA – South Africa, Brazil, Rest of LAMEA
Non-Antibiotic Growth Promoters Others
Toxin Binders
Probiotics and Prebiotics

Fig: 1. Market Segmentation of Animal Feed Additives Market

Based on livestock segmentation, poultry segment occupies the largest share accounting for almost 50% of the entire feed additives market. Geographically, Asia-Pacific region has emerged as the leading market for animal feed additives accounting for more than 1/3rd of the total market revenue. Overall, the animal feed additives market is expected to create many opportunities for key players engaged in the business of animal feed additives.

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