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Description
Animal Feed Additives Market size was valued at USD 37.83 billion in the year 2019 and is evaluated to record a CAGR of 3.8% during 2020-2027.
Animal Feed Market Overview:
Food grown to feed livestock and poultry is called as animal feed. It is produced by choosing and combining feed elements to provide nutrition diet for promoting the animal’s health and augmenting the quality of end products like eggs, eat, and milk and wool. Animal feed prices differ hugely according to season hence, producers often does the intelligent selection of the feed elements used for preparing complete diets and doing considerable savings. This in-detail market report gives details about value chain optimization, localized market players, production analysis, changes in the market rules, market size, market growth, application niches, dominance and geographic expansions. Customers prefer better products and best offerings for their pets and farmed animals for satisfying the needs of the animals.
Animal Feed Market Dynamics:
Key factors that contribute greatly in the animal feed market growth are increasing livestock industrialization during forecast period and increasing demand for nourishing animal feed. Another market accelerating factors are growing demand for animal-based products from human and increasing focus on animal health. Increase in cattle farming will lead to increase in the demand for animal feed. Another market driving factor is growing consumer awareness about the advantages connected with the use of feed additives for reducing disease. Whereas, growing fame of meat related products and meat and increasing health issues in animals will also bring novel opportunities for animal feed. Growing investments in R&D to improve food fortification processes is also anticipated to bring different opportunities for the animal feed market growth in upcoming years. Raw materials utilized for producing the animal feed such as maize, sorghum and soybean meal are diverted for the intake of humans, leading to a dearth in the feed industry. Moreover, the expensive price and supply instability of such raw materials is giving encouragement to the industry players to opt for sustainable and low price ingredients to produce livestock.
Animal Feed Market segmentation based on Livestock, Form Region and Type
Based on Livestock
- Poultry
- Swine
- Ruminants
- Aquaculture
- Others
Based on Form
- Crumbles
- Pellets
- Others
Based on Region
- South India
- North India
- West India
- East India
Based on Type
Amino acids
- Acidifiers
- Enzyme
- Antioxidants
- Probiotics
- Antibiotics
- Vitamins
- Minerals
Based on region, South India leads the market for animal feed and records huge market share. Animal feed market has recorded huge growth in Tami Nadu, Andhra Pradesh and Karnataka because of the increase in poultry products manufacturing. Asia Pacific accounted the huge market share as Asia Pacific comprises of numerous developing economies like India and China. These countries are full of middle-class population along with enlargement in growth which leads to bring a number of opportunities for the industry players in the market. There is increasing consumption and production of pet food in Asia Pacific region due to the growing number of animal farms.
Competitive Analysis:
Details by competitor are provided under digital pathology market competitive analysis. Details include company overview, application dominance, revenue generated, company financials, investment in development, production sites and facilities, new market proposals, global presence, market potential company strengths and weaknesses, product launch, product width and breadth and production capacities. Some of the leading industry players operating in the animal feed market are given below:
- Adisseo France S.A.S
- Ajinomoto Co., Inc.
- Archer Daniel Midland (ADM)
- BASF SE
- Biomin Holdings Gmbh
- Cargill, Incorporated
- Hansen
- Danisco (DuPont Danisco Animal Nutrition)
- DSM, Elanco Animal Health, Evonik Industries
- Kemin Industries Inc.
- Novus International Inc
- Prinova Group LLC
- Covington & Burling LLP
Location
GEOGRAPHY
