Global Animal Feed Additives Market to Exhibit 4.3% CAGR during 2015-2021

According to a recent market research report published by Transparency Market Research, the global animal feed additives market is estimated to expand at a CAGR of 4.3% between 2015 and 2021. The report, titled "Animal Feed Additives Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021," projects the global animal feed additives market to reach a valuation of US$5.9 bn by 2021. The overall market was valued at US$4.4 bn in 2014.

Feed additives refer to food supplements given to farm animals, as regular food is not sufficient to meet the nutritional requirements for the proper growth of these animals. Feed additives contain nutrients such as Amino Acids, vitamins, fatty acids, and minerals. The growing demand for quality meat and dairy products worldwide has propelled the growth of the global animal feed additives market. Feed additives are usually administered orally.

The feed additives for ruminants are usually coated so that they do not get degraded by the action of micro-organisms present in rumen. Various coating technologies such as nano coated vitamins and minerals, butyric acid, sweetener, 1-monoglycerides, and acidifier concepts are implemented to coat the feed additives.

In terms of product type, the report segments the global animal feed additives market into probiotics and prebiotics, vitamins, phytobiotics, choline chloride, organic acids, polyunsaturated fatty acids, immunomodulators, non-protein nitrogen (NPN), feed enzymes, amino acids, and others including antioxidants, feed acidifiers, Antibiotics, and trace minerals. Vitamins, probiotics and prebiotics, amino acids, and feed enzymes are extensively used as feed additives for cattle to enhance the quality of the meat.

On the basis of types of ruminants, the report broadly categorizes the global animal feed additives market into cattle, buffalo, and others including sheep, goat, and deer. Probiotics and prebiotics, along with vitamins, are widely used as feed additives for buffaloes to increase the production of MILK.

The report studies the animal feed additives market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific dominates the overall market, closely followed by North America. Growing demand for animal feed additives, especially for ruminants across China and India, is expected to propel the growth of the market in Asia Pacific. During the forecast period, the rise in demand for dairy products and meat across the U.S. and Canada will drive the North America animal feed additives market.

Describing the competitive landscape, the report profiles some of the key players in the global animal feed additives market such as BASF S.E., DSM, Elanco, Evonik Industries, Cargill Inc., Danisco, Novozymes, Archer Daniels Midlands Co., CHR Holdings, and Alltech Inc. Partnerships, joint ventures, and mergers and acquisitions are the common strategies adopted by the market players. DSM and BASF S.E. together account for more than 50% of the overall market.