Analyst Speak: 

“The Global Feed Additives Market was valued around US$ 35 Bn by 2018 and growing at a significant CAGR of 6.5% over next seven years 2019-2025 due to increasing awareness about quality of food”

The global feed additives market accounted for US$ 35 Bn in 2018 and burgeoning over the forthcoming years. Some of the key factors influencing the market growth include increasing awareness about quality of food, rise in awareness about feed quality, implementation of innovative animal husbandry practices to improve meat quality, growing demand and consumption of livestock-based products and industrialization of the livestock and meat sector. However, ban on antibiotics in different nations, fluctuating raw material prices and strict government regulations are the major factors hindering the market growth.

Global feed additives market segmented on the basis of product type, species, formulation type and region.

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Antibiotics dominate the Global Feed Additives Market

Based on product type, global feed additives market is segmented into antibiotics, antioxidants, acidifiers, vitamins and minerals, enzymes, amino acids and binders. Antibiotics held considerable market growth during estimated period. Antibiotics in livestock are used to treat and prevent disease in the livestock. Despite the increasing global concern regarding the antimicrobial resistance in humans due to the use of antibiotics in livestock, meat consumption is increasing every year. This increases the demand for meat rising the production with an increase in treatment of livestock with antibiotics.

Asia Pacific Leads the Global Feed Additives market 

PBI’s global feed additives market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global feed additives market with considerable CAGR. The growth in this region is due to government support, existence of large livestock population and rising farmer’s awareness. China is the major contributor for the growth of the market in this region.  In addition, North America held significant market share during estimated period owing to sustainable animal farming and increased exports of meat. 

Strategic Expansions are the Key Strategies Adopted by Market Players 

Global feed additives market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In January 2017, Nutreco expanded its geographical footprints in Canada and it caters in U.S. with purchase of ‘Hi-Pro feeds’.

Key player’s profiles in the report are Royal Agrifirm, AB Agri, Addcon Group, InVivo NSA, Royal De Heus, ForFarmers BV, ADM, BASF, Cargill, DSM, Danisco, Evonik, Adisseo France, Biomin, Kemin Industries, Nutreco. 

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Precision Business Insights (PBI) in its report titled “Global Feed Additives Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.

Detailed Segmentation 

By Product Type              

Antibiotics
Antioxidants
Acidifiers
Vitamins and minerals
Enzymes
Amino acids
Binders

By Species         

Poultry
Swine
Aquatic
Ruminants
Others

By Formulation Type     

Liquids
Solids
Others

By Geography

North America

US
Canada

Europe

Germany
France
UK
Italy
Spain
Russia
Poland
Rest of Europe

Asia-Pacific

Japan
China
India
Australia & New Zealand
ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
South Korea
Rest of Asia-Pacific

Latin America

Brazil
Mexico
Argentina
Rest of Latin America

Middle East and Africa (MEA)

Gulf Cooperation Council (GCC) Countries
Israel
South Africa
Rest of MEA

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