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Feed Additive Market Estimated At $19 Billion In 2016

GLOBAL - The worldwide animal feed additives market is estimated to reach US$18.7 billion in 2016, according to a new market report.

The report, Global Animal Feed Additives by Type, Livestock, Geography, Regulations Trends & Forecasts (2009-2016) from MarketsandMarkets (M&M) defines and segments the global animal feed additives market with analysis and forecasting of the global revenues for feed additives. It also identifies driving and restraining factors for the global feed additives market with analysis of trends, opportunities, and challenges.

The market is segmented and revenues are forecasted on the basis of major geographies such as North America, Europe, Asia, and Rest of the World (ROW).

Further market is segmented and revenues are forecasted on the basis of products such as antibiotics, amino acids, feed acidifiers, antioxidants.

The global feed additives industry has been in a higher growth trajectory from the last four years, according to the report. This growth is largely fuelled by the increasing meat consumption and rising concerns over meat quality and safety. Some of the major drivers of the global feed additives industry identified in this report are rise in global meat consumption, increasing awareness towards meat quality and safety, increasing mass production of meat, and recent livestock disease outbreaks. Major restraints identified in this report are regulatory structure and intervention, and rising raw material cost. Growth is particularly high in emerging countries such as China, India and Brazil due to increasing income levels and rising per capita meat consumption.

The report estimates the global feed additives market will reach $18.7 billion in 2016 with an expected CAGR of 3.8 per cent from 2011 to 2016. The Asian market is driving the sales and is expected to hold 28.5 per cent of the global market share in 2016. The Asian market is expected to have a high CAGR of 4.74 per cent due to increasing demand for meat products in the region, and rising domestic meat production. Europe is the leading market for feed additives, with 35 per cent share in 2011 resulting from higher regulatory concerns over meat quality and safety, and increasing per capita meat consumption. North America is the second largest market, with a share of 28.5 per cent in 2011; the US is the largest market with a share of more than 80 per cent.

Antibiotics is the leading demand generating product with a share of more than 27 per cent in 2011, followed by amino acid – 26.5 per cent share in the global feed additives market. The consumption of antibiotics is high due to increasing demand in Asian and Latin American regions to meet the high domestic and export demand for meat.

Scope of the report

This research report categorizes the global market for animal feed additives on the basis of product types, livestock, and geography; forecasting revenues, and analyzing trends in each of the following sub-markets:

  • on the basis of product types: antibiotics, feed acidifiers, amino acids, enzymes and vitamins
  • on the basis of materials: pork, sea food, cattle and poultry
  • on the basis of geography: North America (US and Canada), Europe (German, UK, France and Russia), Asia (China, India and Japan), and ROW (Brazil and Argentina)

Further Reading

- You can view the full report (fee payable) by clicking here.

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