According to the report “Global Feed Additives Market", published by Market Data Forecast, the global market is projected to reach USD 27.54 Billion by 2020, at a CAGR of 4.50% from 2015 to 2020.
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The global feed additives market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein. Feed additives are vital in animal nutrition, as they enhance the quality of feed, and thereby enrich the animals’ performance and health. They also subsequently enhance the yield and quality of food from animal origin.
Feed additives are used in animal nutrition to boost the quality and properties of animal fodder to enhance features such as palatability preservation, overall gut health/digestive performance, and others. They have gained reputation globally, as they further the overall health of the animal, in turn enhancing the quality and quantity of meat produced from them. For example, poultry
feed additives are used to enhance the bird’s egg-laying capacity, disease prevention, and feed utilization.
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Agriculture is a sector with enormous innovations and developments combining with the technology. Rise in global meat consumption, a better understanding of quality feed, industrialization of the livestock industry, technological innovations, and the ecological impact of the meat and dairy industry are the key drivers for the growth of the global Feed additives market. Another major factor driving the growth of the market is the demand for low-cost meat with superior nutritional value throughout the globe.
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1) Based on Type:
• Amino Acids
• Mycotoxin Detoxifiers
• Feed Pigments
• Feed Binders
• Flavours and Sweeteners
• Feed Minerals
2) Based on Livestock:
• Aquatic animals
3) Geographical Segmentation:
• North America
• Latin America
• Middle East and Africa
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The major companies operating in the global Feed additives market are BASF SE, Alltech, Inc., Novozymes A/S, Cargill, Inc., Chr. Hansen Holding A/S, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Archer Daniels Midland Company, Evonik Industries AG, and Adisseo France SAS.
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