- Opportunity and Forecast, 2016-2025
Animal feed additives are supplements added externally to enhance nutritional value of regular meals provided to farm animals. Hygiene, digestibility, feed presentation, and effects on intestinal health are factors considered while adding feed additives into meals, excluding nutritional value. Different types of feed additives, such as sensory, nutritional, and zootechnical additives, are added in meals as they provide various benefits. For instance, sensory additives improve intake of feed, zootechnical additives improve nutritional value of diet, while others enhance health and reduce probability of diseases.
Increase in per capita spending and rise in population in developing economies are factors that drive growth of the global animal feed additives market. However, stringent regulations of governing bodies and long approval processes restrict this market growth. On the other hand, standardization of meat products for prevention of diseases, such as swine flu and bird flu, is expected to provide opportunities in the industry.
The global animal feed additives market is segmented based on livestock, product type, and geography. Based on livestock, it is classified into poultry, pork/swine, aquaculture, and cattle. By product type, the market is divided into vitamins, amino acids, antibiotics, feed acidifiers, antioxidants, and feed enzymes. Geographically, it is analyzed across Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa.
Key players operating in this market are DSM, BASF, Danisco, Evonik, Cargill, Addcon Group, ADM, Kemin Industries, Adisseo France, Nutreco, and Biomin. These players have adopted strategies, such as partnerships, joint ventures, collaborations, expansion, new product launches, mergers & acquisitions, and others, to gain a strong foothold and competitive edge in the industry.
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