|By PR Newswire||
|March 20, 2014 04:00 AM EDT||
DUBLIN, March 20, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gv926q/animal_feed) has announced the addition of the "Concise Analysis of the International Animal Feed Additives Market - Forecasts to 2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The market of animal feed additives is estimated to reach $20,233.2 million by 2018, with a projected CAGR of 3.8% from 2013 to 2018.
Animal feed additives are important ingredients that are combined with basic feed mix to provide essential nutrition to animals and improve their overall growth. These help ini mproving the rate of weight gain, preventing diseases in animals, preventing vitamin deficiencies, and improving feed digestion and conversion. Most of the feed additives are used in micro quantities in the form of injectables, pellets, liquids, and powders. A variety of feed additives are available that are used in different quantities and concentrations, depending on the animal.There are nutritional feed additives such as amino acids, minerals and vitamins, and non-nutritional feed additives such as antibiotics, enzymes and acidifiers.
Asia-Pacific and North America are the two leading consumers of feed additives in the world. Growth is particularly high in emerging countries such as China, India, and Brazil, because of increasing income levels and rising per capita meat consumption.U.S. is the largest market in North America.
The market of feed additives, by type was $16,183.0 million in 2012 and is projected to be $20,233.2 million in 2018, growing at a CAGR of 3.8% from 2013 to 2018. The animal feed additives market is growing steadily due to increase in the rate of meat and meat products consumption. The demand driving factors are increasing mass production of meat, industrialization in meat production, increasing demand for protein-rich meat products, increasing awareness regarding meat quality and safety, and disease outbreaks in livestock farms. The restraining factor is the rising cost of raw materials. However, increasing cost of naturally occurring feed products such as soybean meals, is an opportunity for the feed additives market.
Key participants in the global animal feed additives market are DSM (The Netherlands), Evonik (Germany), Archer Daniels Midland Company (USA), BASF SE (Germany), Cargill, Inc. (U.S.) among others.The global animal feed additives market is witnessing rapid developments in the areas of product innovation and new technologies, with a focus on increasing efficiency in livestock production. Leading companies are focusing on expansion of the business across regions and setting up new plants for increasing production capacity. Large investments are made by European companies in the Asia-Pacific region to set up new production units to cater to the rising demand from the Asian region.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Animal Feed Additives Market, By Type
6 Animal Feed Additives Market, By Livestock
7 Animal Feed Additives Market, By Geography
8 Competitive Landscape
9 Company Profiles
- Adisseo France S.A.S
- Archer Daniels Midland Company
- Basf Se
- Cargill, Incorporated
- Chareon Pokphand Foods Public Company Limited.
- Chr. Hansen Holdings A/S
- Evonik Industries Ag
- Koninklijke Dsm N.V.
- Novozymes A/S
- Nutreco N.V.
For more information visit http://www.researchandmarkets.com/research/gv926q/animal_feed
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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