Global Animal Feed Additives Market accounted for $16.25 billion in 2015 and is expected to reach $21.71 billion by 2022 growing at a CAGR of 4.2%.The present livestock holders are in need of good animal feed coupled with high nutritional values. However, demand for meat products and industrialization in meat production are some of the key factors driving the market whereas rise in raw material cost and government regulations are the factors inhibiting the market growth. However the increasing cost of natural feed products, environmental concerns and regulatory ban over some harmful additives are creating opportunities for the market growth.
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Amino acids segment is expected to be the largest revenue generating market owing to the decline in production costs, making them a more viable option for some companies to produce. Pork and Cattle segment are expected to be the fastest growing markets due to the large amount of increase in consumption across the globe. However, Asia pacific is expected to be the fastest growing market owing to high consumption of meat and processed meat.
Some of the key players of Animal Feed Additives Market include Alltech Inc., BASF SE, Biomin Holdings Gmbh, Cargill, Inc, DuPont, Elanco Animal Health, Evonik Industries AG, Kemin Industries Inc., Koninklijke DSM N.V., Lonza Group Ltd, Novozymes A/S, Nutreco N.V., Phibro, The Mosaic Company and Zoetis Inc.
Other Amino acids
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Rest of Europe
Rest of Asia Pacific
Rest of the World
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