HOME Top Market Reports Feed Additives Market by Type (Antioxidants, Acidifiers, Antibiotics, Vitamins, Minerals, Enzymes, Amino Acids & Binders), Livestock (Swine, Poultry, Ruminants, & Aquatic Animals), Form, Function, & by Region - Global Trends & Forecast to 2021

Feed Additives Market by Type (Antioxidants, Acidifiers, Antibiotics, Vitamins, Minerals, Enzymes, Amino Acids & Binders), Livestock (Swine, Poultry, Ruminants, & Aquatic Animals), Form, Function, & by Region - Global Trends & Forecast to 2021

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: AGI 2286

 

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The global feed additives market is growing at a significant rate due to the growth in the livestock population for meat consumption as a source of protein. The market for feed additives was valued at USD 16.19 billion in 2015 and is projected to grow at a CAGR of 4.3% from 2016, to reach USD 20.71 Billion by 2021. The main objectives of the report are to define, segment, and project the size of the global feed additives market with respect to type, livestock, form, function, and region, provide detailed information regarding the key factors influencing the growth of the market, and strategically profile key players and comprehensively analyze their core competencies.

Years considered for this report

2015 – Base Year
2016 – Estimated Year
2021 – Projected Year

Research Methodology

This research study involves the extensive usage of secondary sources such as Food and Agriculture Organization of United Nations (FAO), European Feed Additives Manufacturers’ association (FEFANA), International Food and Agribusiness Management Association (IFAMA) and others to identify and collect information useful for this technical, market-oriented, and commercial study of the feed additives market. The primary sources are mainly several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, reimbursement providers, technology developers, alliances, and standard and certification organizations related to all the segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.

Animal Feed Additives Market

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The value chain of feed additives begins with R&D and product development, in which the selection of source and the quality of the product are determined by the requirement of the product. It also includes the customization of feed additives products, testing and selection of the source according to the livestock type, and also the necessary regulatory approvals. The value chain helps in bringing about co-ordination among stakeholders such as Cargill, Incorporated (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Evonik Industries (Germany), and DSM N.V. (The Netherlands) among others for smooth business operations.

Target Audience

The key stakeholders for the report include:

  • Feed additive manufacturers
  • Feed additive importers and exporters
  • Government regulatory authorities and research organizations
  • Feed additive associations and industry bodies
  • Organic certification agencies

Scope of the Report

On the basis of Type, the feed additives market is segmented into:

  • Antioxidants
  • Acidifiers
  • Antibiotics
  • Vitamins
  • Minerals
  • Enzymes
  • Amino Acids
  • Binders
  • Others (mycotoxin binders, protected amino acids, sweeteners, and flavors)

On the basis of Livestock, the feed additives market is segmented into:

  • Swine
  • Ruminants
  • Poultry
  • Aquatic animals
  • Others (equine, pets, and birds)

On the basis of Function, the feed additives market is segmented into:

  • Single function
  • Multifunction

On the basis of Formulation, the feed additives market is segmented into:

  • Liquid
  • Dry
  • Others (pellets and powder form)

On the basis of Region, the feed additives market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • RoW

Key Take-Aways From This Report Include:

  • Global market size in 2015; industry growth forecast from 2016 to 2021
  • The amino acid segment dominated the feed additives market in 2015
  • Among all the forms, the liquid segment recorded the largest market in 2015
  • Asia-Pacific feed additives market was the dominant region among all the regions in 2015
  • Feed additives market: Porter’s Five Forces Analysis
  • Feed additives market: Key drivers and key opportunities
  • Detailed company profiles of key feed additive manufacturers

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With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Units
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Feed Additives Market
    4.2 Feed Additives Market, By Key Country
    4.3 Life Cycle Analysis: Feed Additives Market, By Region
    4.4 Feed Additives Market, By Type
    4.5 Feed Additives Market, By Type & Region
    4.6 Asia-Pacific: the Largest Market for Feed Additives
    4.7 Feed Additives Market, By Form

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Macroindicators
           5.2.1 Increase in the Global Population
           5.2.2 GDP: Agricultural Sector
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By Livestock
           5.3.3 By Form
           5.3.4 By Function
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Growth in the Livestock Population for Meat Consumption as A Source of Protein
                               5.4.1.1.1 Meat Production and Consumption Trends and Patterns
                               5.4.1.1.2 Meat Import and Export
                    5.4.1.2 Standardization of Meat Products Owing to Disease Outbreaks
                    5.4.1.3 Implementation of Innovative Animal Husbandry Practices to Improve the Quality of Meat
           5.4.2 Restraints
                    5.4.2.1 Rising Raw Material Costs
                    5.4.2.2 Regulatory Structure & Intervention
           5.4.3 Opportunities
                    5.4.3.1 Increasing Utilization of Antibiotics as Feed Additives
           5.4.4 Challenges
                    5.4.4.1 Sustainability of Feed & Livestock Chain
                    5.4.4.2 Quality Control of Generic Feed Additive Products Manufactured By Asian Companies

6 Industry Trends (Page No. - 55)
    6.1 Introduction
    6.2 Technology Roadmap
    6.3 Value Chain Analysis
    6.4 Supply Chain Analysis
           6.4.1 Prominent Companies
           6.4.2 Small and Medium Enterprises
           6.4.3 End Users
    6.5 Porter’s Five Forces Analysis
           6.5.1 Bargaining Power of Suppliers
           6.5.2 Threat of New Entrants
           6.5.3 Threat of Substitutes
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry
    6.6 Regulatory Environment
           6.6.1 Legislations Under Which Feed Additives are Authorized
           6.6.2 Time Duration for A Feed Additive to Be on the Register
           6.6.3 Getting A Feed Additive Registered
           6.6.4 Packaging of Feed Additives
           6.6.5 Labeling Requirements of Feed Additives
           6.6.6 Manufacture & Sale of Feed Additives
           6.6.7 Import of Feed Additives
           6.6.8 Re-Evaluation of Feed Additives
    6.7 Import Duty & Taxes for Feed Additives

7 Feed Additives Market, By Type (Page No. - 67)
    7.1 Introduction
    7.2 Antioxidants
           7.2.1 Bha
           7.2.2 Bht
           7.2.3 Ethoxyquin
    7.3 Acidifiers
           7.3.1 Propionic Acid
           7.3.2 Fumaric Acid
           7.3.3 Lactic Acid
           7.3.4 Formic Acid
           7.3.5 Others
    7.4 Antibiotics
           7.4.1 Tetracycline
           7.4.2 Penicillin
           7.4.3 Others
    7.5 Vitamins
           7.5.1 Water-Soluble
           7.5.2 Fat-Soluble
    7.6 Minerals
           7.6.1 Zinc
           7.6.2 Iron
           7.6.3 Manganese
           7.6.4 Others
    7.7 Enzymes
           7.7.1 Phytase
           7.7.2 Non-Starch Polysaccharides
           7.7.3 Protease
           7.7.4 Xylanase
           7.7.5 Others
    7.8 Amino Acids
           7.8.1 Tryptophan
           7.8.2 Lysine
           7.8.3 Methionine
           7.8.4 Threonine
           7.8.5 Others
    7.9 Binders
           7.9.1 Clay
           7.9.2 Lignosulphonates
           7.9.3 Hemicellulose
           7.9.4 Others
    7.10 Others

8 Feed Additives Market, By Livestock (Page No. - 87)
    8.1 Introduction
    8.2 Swine
    8.3 Ruminants
    8.4 Poultry
    8.5 Aquatic Animals
    8.6 Others

9 Feed Additives Market, By Form (Page No. - 97)
    9.1 Introduction
    9.2 Liquid
    9.3 Dry
    9.4 Others

10 Feed Additives Market, By Function (Page No. - 104)
     10.1 Introduction
     10.2 Single Function
     10.3 Multifunction

11 Feed Additives Market, By Region (Page No. - 110)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Spain
             11.3.2 Germany
             11.3.3 France
             11.3.4 Russia
             11.3.5 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 India
             11.4.3 Japan
             11.4.4 Vietnam
             11.4.5 Rest of Asia-Pacific
     11.5 Latin America
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 Rest of Latin America
     11.6 Rest of the World (RoW)
             11.6.1 South Africa
             11.6.2 Turkey
             11.6.3 Others in RoW

12 Competitive Landscape (Page No. - 145)
     12.1 Overview
     12.2 Market Share Analysis
     12.3 Competitive Situation & Trends
             12.3.1 Expansions and Investments
             12.3.2 Acquisitions
             12.3.3 New Product Launches & Developments
             12.3.4 Agreements, Partnerships & Collaborations

13 Company Profiles (Page No. - 152)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 Cargill, Incorporated
     13.3 BASF SE
     13.4 Archer Daniels Midland Company
     13.5 Evonik Industries AG
     13.6 Addiseo France Sas
     13.7 Koninklijke DSM N.V
     13.8 Chr. Hansen Holding A/S
     13.9 Invivo NSA
     13.10 Alltech.
     13.11 Nutreco N.V.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 180)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Other Developments
             14.4.1 New Product Launches & Product Registrations, 2011–2016
             14.4.2 Investments & Expansions, 2011–2016
             14.4.3 Agreements, Partnerships, & Collaborations 2011–2016
             14.4.4 Acquisitions, 2011–2016
     14.5 Introducing RT: Real-Time Market Intelligence
     14.6 Available Customizations
     14.7 Related Reports


List of Tables (78 Tables)

Table 1 Deadline for Submission of the Application of Re-Evaluation
Table 2 Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 3 Feed Additives Market Size, By Type, 2014–2021 (KT)
Table 4 Antioxidants Market Size, By Region, 2014–2021 (USD Million)
Table 5 Acidifiers Market Size, By Region, 2014–2021 (USD Million)
Table 6 Antibiotics Market Size, By Region, 2014–2021 (USD Million)
Table 7 Vitamins Market Size, By Region, 2014–2021 (USD Million)
Table 8 Minerals Market Size, By Region, 2014–2021 (USD Million)
Table 9 Enzymes Market Size, By Region, 2014–2021 (USD Million)
Table 10 Amino Acids Market Size, By Region, 2014–2021 (USD Million)
Table 11 Binders Market Size, By Region, 2014–2021 (USD Million)
Table 12 Feed Additives Market Size for Other Types, By Region, 2014–2021 (USD Million)
Table 13 Feed Additives Market Size, By Livestock, 2014-2021 (USD Million)
Table 14 Feed Additives Market Size, By Livestock, 2014-2021 (KT)
Table 15 Swine Market Size, By Region, 2014-2021 (USD Million)
Table 16 Ruminants Market Size, By Region, 2014-2021 (USD Million)
Table 17 Poultry Market Size, By Region, 2014-2021 (USD Million)
Table 18 Aquatic Animals Market Size, By Region, 2014-2021 (USD Million)
Table 19 Feed Additives Market Size for Other Livestock, By Region, 2014-2021 (USD Million)
Table 20 Feed Additives Market Size, By Form, 2014–2021 (USD Million)
Table 21 Feed Additives Market Size, By Form, 2014–2021 (KT)
Table 22 Liquid Feed Additives Market Size, By Region, 2014-2021 (USD Million)
Table 23 Dry Feed Additives Market Size, By Region, 2014-2021 (USD Million)
Table 24 Feed Additives Market Size for Other Forms, By Region, 2014-2021 (USD Million)
Table 25 Feed Additives Market Size, By Function, 2014–2021 (USD Million)
Table 26 Feed Additives Market Size, By Function, 2014–2021 (KT)
Table 27 Single Function Market Size, By Region, 2014–2021 (USD Million)
Table 28 Multifunction Market Size, By Region, 2014–2021 (USD Million)
Table 29 Feed Additives Market Size, By Region, 2014-2021 (USD Million)
Table 30 Feed Additives Market Size, By Region, 2014-2021 (KT)
Table 31 North America: Feed Additives Market Size, By Country, 2014-2021 (USD Million)
Table 32 North America: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 33 North America: Feed Additives Market Size, By Livestock, 2014-2021 (USD Million)
Table 34 North America: Feed Additives Market Size, By Function, 2014-2021 (USD Million)
Table 35 North America: Feed Additives Market Size, By Form, 2014-2021 (USD Million)
Table 36 U.S.: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 37 Canada: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 38 Mexico: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 39 Europe: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 40 Europe: Feed Additives Market Size, By Livestock, 2014–2021 (USD Million)
Table 41 Europe: Feed Additives Market Size, By Function, 2014–2021 (USD Million)
Table 42 Europe: Feed Additives Market Size, By Form, 2014–2021 (USD Million)
Table 43 Europe: Feed Additives Market Size, By Country, 2014–2021 (USD Million)
Table 44 Spain: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 45 Germany: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 46 France: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 47 Russia: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 48 Rest of Europe: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 49 Asia-Pacific: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 50 Asia-Pacific: Feed Additives Market Size, By Livestock, 2014–2021 (USD Million)
Table 51 Asia-Pacific: Feed Additives Market Size, By Function, 2014–2021 (USD Million)
Table 52 Asia-Pacific: Feed Additives Market Size, By Form, 2014–2021 (USD Million)
Table 53 Asia-Pacific: Feed Additives Market Size, By Country, 2014–2021 (USD Million)
Table 54 China: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 55 India: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 56 Japan: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 57 Vietnam: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 58 Rest of Asia-Pacific: Feed Additives Market Size, By Type, 2014–2021 (USD Million)
Table 59 Latin America: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 60 Latin America: Feed Additives Market Size, By Livestock, 2014-2021 (USD Million)
Table 61 Latin America: Feed Additives Market Size, By Function, 2014-2021 (USD Million)
Table 62 Latin America: Feed Additives Market Size, By Form, 2014-2021 (USD Million)
Table 63 Latin America: Feed Additives Market Size, By Country, 2014-2021 (USD Million)
Table 64 Brazil: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 65 Argentina: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 66 Rest of Latin America: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 67 RoW: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 68 RoW: Feed Additives Market Size, By Livestock, 2014-2021 (USD Million)
Table 69 RoW: Feed Additives Market Size, By Function, 2014-2021 (USD Million)
Table 70 RoW: Feed Additives Market Size, By Form, 2014-2021 (USD Million)
Table 71 RoW: Feed Additives Market Size, By Country, 2014-2021 (USD Million)
Table 72 South Africa: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 73 Turkey: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 74 Others in RoW: Feed Additives Market Size, By Type, 2014-2021 (USD Million)
Table 75 Expansions and Investments, 2011–2016
Table 76 Acquisitions, 2011–2016
Table 77 New Product Launches, 2011–2016
Table 78 Agreements, Partnerships & Collaborations 2011–2016


List of Figures (77 Figures)

Figure 1 Feed Additives Market Segmentation
Figure 2 Feed Additives Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Feed Additives Market Size, By Type, 2016 vs 2021
Figure 8 Feed Additives Market Size, By Livestock, 2016 vs 2021
Figure 9 Feed Additives Market, By Form, 2016 vs 2021
Figure 10 Feed Additives Market, By Region, 2014–2021
Figure 11 Asia-Pacific is Projected to Be the Fastest-Growing Market for Feed Additives From 2016 to 2021
Figure 12 Feed Additives: an Emerging Market With Promising Growth Potential
Figure 13 China to Grow at Highest Rate in Feed Additives Market, 2016 to 2021
Figure 14 Feed Additives Market in Asia-Pacific is Experiencing High Growth
Figure 15 Amino Acids is Projected to Be the Largest Segment By 2021
Figure 16 Asia-Pacific Accounted for the Largest Share in the Amino Acids Market in 2015
Figure 17 Modernization of Animal Feed Industry Strengthened the Demand for Feed Additives in the Asia-Pacific Region
Figure 18 Liquid Segment is Projected to Be the Largest By 2021
Figure 19 Global Population Projected to Reach ~9.5 Billion By 2050
Figure 20 GDP: Contribution From Agricultural Sectors of Key Countries (2011-2015)
Figure 21 Feed Additives Market, By Type
Figure 22 Feed Additives Market, By Livestock
Figure 23 Feed Additives Market, By Form
Figure 24 Feed Additives Market, By Function
Figure 25 Feed Additives Market: Drivers, Restraints, Opportunities & Challenges
Figure 26 Increasing Global Demand for Meat, 1990-2013 (MMT)
Figure 27 Per Capita Consumption of Livestock, 1960-2016 (Pounds)
Figure 28 U.S. Trade of Beef, Pork, and Broiler Meat, 2011–2016
Figure 29 Value Chain Analysis: Major Value is Added During the Product Development Phase
Figure 30 Feed Additives: Supply Chain Analysis
Figure 31 Porter’s Five Forces Analysis
Figure 32 Enzymes Projected to Be the Fastest-Growing Segment During the Forecast Period
Figure 33 Antioxidants Market Size, By Region, 2016 vs 2021
Figure 34 Acidifiers Market Size, By Region, 2016 vs 2021
Figure 35 Antibiotics Market Size, By Region, 2016 vs 2021
Figure 36 Vitamins Market Size, By Region, 2016 vs 2021
Figure 37 Minerals Market Size, By Region, 2016 vs 2021
Figure 38 Enzymes Market Size, By Region, 2016 vs 2021
Figure 39 Amino Acids Market Size, By Region, 2016 vs 2021
Figure 40 Binders Market Size, By Region, 2016 vs 2021
Figure 41 Feed Additives Market Size for Other Types, By Region, 2016 vs 2021
Figure 42 Swine Segment is Projected to Dominate the Feed Additives Market During the Forecast Period (2016-2021)
Figure 43 Asia-Pacific is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2021)
Figure 44 Asia-Pacific is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2021)
Figure 45 North America is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2021)
Figure 46 North America is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2021)
Figure 47 Asia-Pacific is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2021)
Figure 48 Liquid Segment is Projected to Dominate the Feed Additives Market During the Forecast Period (2016-2021)
Figure 49 Asia-Pacific is Projected to Dominate the Liquid Segment During the Forecast Period (2016-2021)
Figure 50 Asia-Pacific is Projected to Dominate the Dry Segment During the Forecast Period (2016-2021)
Figure 51 Europe is Projected to Grow at the Highest Rate During the Forecast Period (2016-2021)
Figure 52 Multifunction Segment is Projected to Dominate the Feed Additives Market During the Forecast Period (2016-2021)
Figure 53 Asia-Pacific is Projected to Grow at the Highest Rate During the Forecast Period (2016-2021)
Figure 54 Asia-Pacific is Estimated to Dominate the Multifunction Segment During the Forecast Period (2016-2021)
Figure 55 Geographic Snapshot (2016-2021): China is Projected to Grow at the Highest Rate and is Emerging as A New Hotspot
Figure 56 North America: Feed Additives Market Snapshot
Figure 57 European Feed Additives Market Snapshot
Figure 58 Asia-Pacific Feed Additives Market: Snapshot
Figure 59 Latin America: Feed Additives Market: Snapshot
Figure 60 Expansions: Most Preferred Strategy By Key Feed Additives Companies in the Last Five Years
Figure 61 Feed Additives Market Share, By Key Company, 2015
Figure 62 Strengthening Market Presence Through Expansions & Acquisuitions of Feed Additives Market Between April 2011 and June 2016
Figure 63 Expansions & Acquisitions : Key Strategies, 2011–2016
Figure 64 Geographical Revenue Mix of Top Four Market Players
Figure 65 Cargill, Incorporated: Company Snapshot
Figure 66 Cargill, Incorporated : SWOT Analysis
Figure 67 BASF SE : Company Snapshot
Figure 68 BASF SE: SWOT Analysis
Figure 69 Archer Daniels Midland Company: Company Snapshot
Figure 70 Archer Daniels Midland Company : SWOT Analysis
Figure 71 Evonik Industries AG: Company Snapshot
Figure 72 Evonik Industries AG: SWOT Analysis
Figure 73 Koninklijke DSM N.V.: Company Snapshot
Figure 74 Koninklijke DSM N.V.: SWOT Analysis
Figure 75 Chr. Hansen Holding A/S : Company Snapshot
Figure 76 Invivo NSA: Company Snapshot
Figure 77 Nutreco N.V.: Company Snapshot

The market size of feed additives is projected to reach USD 20.71 Billion by 2021, growing at a CAGR of around 4.3% from 2016 to 2021. The global feed additives market has grown exponentially in the last few years. Asia-Pacific countries such as China, Japan, and India are the primary targets of the industry. Increasing demand for meat and other animal products, increasing awareness regarding animal health and welfare, standardization and technological advancements in the feed industry are some of the major driving factors for this market.

On the basis of type, the feed additives market is segmented into antioxidants, acidifiers, antibiotics, vitamins, minerals, enzymes, amino acids, binders, and others (mycotoxin binders, protected amino acids, sweeteners, and flavors). The amino acids segment accounted for the largest market share in 2015, followed by antibiotics. The enzymes segment is projected to grow at the highest CAGR during the forecast period due to various health attributes of inclusion of enzymes in animal feed.

The feed additives market, based on livestock, is segmented into swine, ruminants, poultry, aquatic animals, and others (equine, pets, and birds). The swine segment accounted for the largest share in the global feed additives market in 2015. The swine segment in the feed additives market is growing due to high consumption of pork in most of the European and North American countries.

On the basis of form, the feed additives market is segmented into liquid, dry, and others (pellets & powder form). The liquid formulation is projected to grow at the highest CAGR during the forecast period. Liquid feed additives are gaining a popularity as they are of low cost, help in increasing the shelf life of the feed additive products, and can be applied easily.

The feed additives market is also segmented on the basis of function into single and multiple. The multi function segment accounted for the largest segment and is also projected to be the fastest-growing market during the forecast period.

Animal Feed Additives Market

The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period owing to the increasing demand for animal products in the region. Growth in population, rise in disposable incomes, progressive urbanization in the Asia-Pacific region, and an increase in demand for quality meat products have driven the demand for feed additives. Growth is majorly witnessed in China, India, and Japan due to increase in buying power of the population and demand for protein-rich meat diet.

The major restraints of the feed additives market include rising cost of raw materials and regulatory structure and intervention. The feed additives market has a large number of large- and small-scale firms. Expansions, new product developments, and agreements are the key strategies adopted by market players to ensure their growth in this market. Players such as Cargill, Incorporated (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Evonik Industries (Germany) and DSM N.V. (The Netherlands) collectively accounted for the largest portion of the feed additives market till July 2016.

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