Animal Feed Additives Market is Set to Reach $21.9 Billion by 2022
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28 September 2018 –


Global聽Animal Feed Additives Market聽size was estimated at USD 16 billion in 2014. Growing meat consumption as a key protein source, especially in Asia Pacific and Latin America is expected to be a key driver for market demand over the forecast period. Increased focus on product innovation, resulting in high R&D spending is expected to provide new growth opportunities to industry participants.


High degree of regulatory intervention in developed markets of North America and Europe, coupled with raw material supply issues are expected to challenge product growth over the next seven years. Asia Pacific and LATAM animal feed additive markets, which are comparatively less regulated Air Jordan Retro Shoes For Sale , are expected to reach USD 7.2 billion and USD 2 billion by 2022, respectively.


With frequent regulatory updates and increasing R&D spending, the global feed additive industry is constantly evolving. In recent times, there has been a significant increase in mergers, acquisitions and partnerships among market participants Air Jordan Retro For Sale , in order to enhance product portfolio, gain access to regional markets and to avail synergetic benefits, As a result, we have witnessed companies increasing their presence across the value chain by integrating and diversifying their product portfolio.


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Key report insights suggest:


– Global animal feed additives market was valued at USD 16 billion in 2014 and is expected to reach USD 21.9 billion by 2022, growing at a CAGR of 4% from 2015 to 2022.


– Poultry feed additives dominate the market Air Jordan Shoes For Sale , with revenue estimated at USD 6.1 billion in 2014 and expected to grow at a CAGR of 4.3% from 2015 to 2022. Aquaculture feed additives market is expected to reach USD 1.29 billion by 2022, with an estimated CAGR of 4.2% over the next seven years.


– Amino acids accounted for over 30% of global demand in 2014, with revenue estimated to reach USD 8 billion by 2022. The demand for feed enzymes and acidifiers is expected to grow at a CAGR of 5.3% and 6.5% from 2015 to 2022, respectively.


– North America and Europe together accounted for over 55% of the global revenue in 2014 and are expected to witness marginal gains over the forecast period, owing to regulatory constraints and raw material issues.


– Asia Pacific animal feed additive market was dominated by India and China Air Jordan For Sale , together accounting for around 70% of overall regional revenue in 2014. Brazil dominated the LATAM market similarly, accounting for 80% of total revenue in the same year.


– The global industry is significantly concentrated and displays oligopolistic characteristics. Key companies in the market include integrated players such as DSM, Evonik, and BASF along with specialists such as Danisco, Elanco Jordan Retro Shoes For Sale , Cargill Novozymes, Kemin, Novus etc.


HexaResearch has segmented the animal feed additives market on the basis of product, application and region for this report:


Global Animal Feed Additives, By Product (Revenue Jordan Retro For Sale , USD Million, 2012 – 2022)


Antibiotics


– Vitamins


– Vitamin A


– Vitamin E


– Vitamin B


– Vitamin C


– Other Vitamins


– Antioxidants


– Amino Acids


– Lysine


– Methionine


– Threonine


– Tryptophan


– Other Amino Acids


– Feed Enzymes


– Phytase


– Non Starch Polysaccharides & Other


– Feed Acidifiers


Global Animal Feed Additives, By Application (Revenue, USD Million, 2012 – 2022)


– PorkSwine


– Poultry


– Cattle


– Aquaculture


– Other


Global Animal Feed Additives Jordan Shoes For Sale , By Region (Revenue, USD Million, 2012 – 2022)


– North America


– U.S.


– Europe


– Germany


– Italy


– UK


– Asia Pacific


– China


– India


– Japan


– Middle East & Africa (MEA)


– LATAM (Latin America)


– Brazil


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