HOME Top Market Reports Specialty Feed Additives Market by Type (Flavors & Sweeteners, Minerals, Binders, Vitamins, Acidifiers, Antioxidants), Livestock (Swine, Ruminants, Poultry, Aquatic Animals), Function, Form, and Region - Global Forecast to 2022

Specialty Feed Additives Market by Type (Flavors & Sweeteners, Minerals, Binders, Vitamins, Acidifiers, Antioxidants), Livestock (Swine, Ruminants, Poultry, Aquatic Animals), Function, Form, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: September 2016
Report Code: AGI 3432

 

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The global market for specialty feed additives was valued at USD 7.74 Billion in 2015; this is projected to grow at a CAGR of 5.43% from 2016, to reach USD 11.12 Billion by 2022. The main objectives of the report are to define, segment, and project the size of the global specialty feed additives market with respect to type, livestock, function, form, 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
2022 – Projected year

Research Methodology

This research study involves the extensive usage of secondary sources—Food and Agriculture Organization of the United Nations (FAO), FEFANA (EU Association of Specialty Feed Ingredients and their Mixtures), and International Food and Agribusiness Management Association (IFAMA)—to identify and collect information useful for this technical, market-oriented, and commercial study of the specialty feed additives market. The primary sources are mainly several industry experts from core & related industries and preferred suppliers, manufacturers, distributors, service providers, reimbursement providers, technology developers, alliances, and standard & 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 & verify critical qualitative & quantitative information as well as to assess future prospects.

Specialty Feed Additives Market

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The value chain of specialty 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. The value chain helps in bringing about coordination among stakeholders such as BASF SE (Germany), Evonik Industries (Germany), Novozymes (Denmark), Nutreco N.V. (Netherlands), and Alltech Inc. (U.S.).

Target Audience

The key stakeholders for the report are as follows:

  • Specialty feed additive manufacturers
  • Specialty feed additive importers and exporters
  • Government regulatory authorities and research organizations
  • Feed additives associations and industry bodies

Scope of the Report

On the basis of Type, the specialty feed additives market is segmented as follows:

  • Flavors & sweeteners
  • Minerals
  • Binders
  • Vitamins
  • Acidifiers
  • Antioxidants
  • Others (feed PAA, enzymes, probiotics, prebiotics, and complex carbohydrates)

On the basis of Function, the specialty feed additives market is segmented as follows:

  • Gut health & digestive performance
  • Mycotoxin management
  • Palatability enhancement
  • Preservation of functional ingredients
  • Others (greater dry matter intake  and increased capacity for nutrient absorption)

On the basis of Livestock, the specialty feed additives market is segmented as follows:

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

On the basis of Form, the specialty feed additives market is segmented as follows:

  • Liquid
  • Dry
  • Others (pellets and dusts/powders)

On the basis of Region, the specialty feed additives market is segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • RoW (Africa and the Middle East)

Key Takeaways from this Report

  • Global market size in 2015; industry growth forecast from 2016 to 2022
  • The palatability enhancement segment dominated the specialty feed additives market in 2015.
  • The North American specialty feed additives market was dominant in 2015.
  • Detailed company profiles of key manufacturers of specialty feed additives.

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

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

Table of Contents

1 Introduction (Page No. - 17)
    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. - 20)
    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
    2.5 Macroindicators
           2.5.1 Increase in the Global Population
           2.5.2 Livestock Price Index

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Specialty Feed Additives Market
    4.2 Specialty Feed Additives Market, By Key Country, 2016
    4.3 Life Cycle Analysis: Specialty Feed Additives Market, By Region
    4.4 Specialty Feed Additives Market, By Type
    4.5 Specialty Feed Additives Market, By Type & Region, 2015
    4.6 Europe: the Largest Market for Specialty Feed Additives
    4.7 Specialty Feed Additives Market, By Form

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Benefits of Specialty Feed Additives
           5.2.1 Improves Growth and Performance of Animals
           5.2.2 Improves Feed Quality
           5.2.3 Enhances Quality of Meat
           5.2.4 Provides Cost Benefits
    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 Increasing Consumption of Animal Products
                               5.4.1.1.1 Increasing Meat Consumption
                               5.4.1.1.2 Growing Consumption of Dairy Products
                               5.4.1.1.3 Increasing Consumption of Eggs
                    5.4.1.2 Increasing Incidences of Disease Outbreaks in Livestock
                    5.4.1.3 Adverse Impact on the Environment
                    5.4.1.4 Innovations in Animal Husbandary
                    5.4.1.5 Encapsulation in Feed Acidifiers
           5.4.2 Restraints
                    5.4.2.1 Rising Operational and Raw Material Costs
                    5.4.2.2 Inconsisitency in Regulatory Structure
           5.4.3 Opportunities
                    5.4.3.1 Increasing Demand for Natural Feed Additives
           5.4.4 Challenges
                    5.4.4.1 Low Adoption of Specialty Feed Additives

6 Industry Trends (Page No. - 54)
    6.1 Introduction
    6.2 Technological 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 Regulatory Environment
    6.6 Trade Related Data

7 Feed Additives Market, By Type (Page No. - 68)
    7.1 Introduction
    7.2 Flavors & Sweetners
    7.3 Acidifiers
    7.4 Vitamins
    7.5 Minerals
    7.6 Enzymes
    7.7 Binders
    7.8 Others

8 Feed Additives Market, By Livestock (Page No. - 90)
    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. - 102)
    9.1 Introduction
    9.2 Liquid
    9.3 Dry
    9.4 Others

10 Feed Additives Market, By Function (Page No. - 110)
     10.1 Introduction
     10.2 Gut Health & Digestive Performance
     10.3 Mycotoxin Management
     10.4 Palatability Enhancement
     10.5 Preservation of Functional Ingredients
     10.6 Others

11 Feed Additives Market, By Region (Page No. - 116)
     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 Thailand
             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 Africa
             11.6.2 the Middle-East

12 Competitive Landscape (Page No. - 159)
     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. - 165)
     13.1 Introduction
     13.2 Cargill, Incorporated
             13.2.1 Business Overview
             13.2.2 Products Offered
             13.2.3 Recent Developments
             13.2.4 SWOT Analysis
             13.2.5 Key Strategies
     13.3 BASF SE
             13.3.1 Business Overview
             13.3.2 Products Offered
             13.3.3 Recent Developments
             13.3.4 SWOT Analysis
             13.3.5 Key Strateges
     13.4 Archer Daniels Midland Company
             13.4.1 Business Overview
             13.4.2 Products Offered
             13.4.3 Recent Developments
             13.4.4 SWOT Analysis
             13.4.5 Key Strategies
     13.5 Evonik Industries AG
             13.5.1 Business Overview
             13.5.2 Products Offered
             13.5.3 Recent Developments
             13.5.4 SWOT Analysis
             13.5.5 Key Strategies
     13.6 Addiseo
             13.6.1 Business Overview
             13.6.2 Products Offered
             13.6.3 Recent Developments
     13.7 Chr. Hansen Holding A/S
             13.7.1 Business Overview
             13.7.2 Products Offered
             13.7.3 Recent Developments
     13.8 Invivo
             13.8.1 Business Overview
             13.8.2 Products Offered
             13.8.3 Recent Developments
     13.9 Royal DSM
             13.9.1 Business Overview
             13.9.2 Products Offered
             13.9.3 Recent Developments
             13.9.4 SWOT Analysis
             13.9.5 Key Strategies
     13.10 Alltech.
             13.10.1 Business Overview
             13.10.2 Products Offered
             13.10.3 Recent Developments
     13.11 Nutreco N.V.
             13.11.1 Business Overview
             13.11.2 Products Offered
             13.11.3 Recent Developments


List of Tables (78 Tables)

Table 1 Deadline for Submission of the Application of Re-Evaluation
Table 2 Specailty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 3 Specailty Feed Additives Market Size, By Type, 2014–2022(KT)
Table 4 Flavors & Sweeteners Market Size, By Region, 2014–2022(USD Million)
Table 5 Acidifiers Market Size, By Region, 2014–2022(USD Million)
Table 6 Vitamins Market Size, By Region, 2014–2022(USD Million)
Table 7 Minerals Market Size, By Region, 2014–2022(USD Million)
Table 8 Enzymes Market Size, By Region, 2014–2022(USD Million)
Table 9 Binders Market Size, By Region, 2014–2022(USD Million)
Table 10 Specialty Feed Additives Market Size for Other Types, By Region, 2014–2022(USD Million)
Table 11 Specialty Feed Additives Market Size, By Livestock, 2014-2022 (USD Million)
Table 12 Specialty Feed Additives Market Size, By Livestock, 2014-2022 (KT)
Table 13 Swine Market Size, By Region, 2014–2022 (USD Million)
Table 14 Ruminants Market Size, By Region, 2014–2022 (USD Million)
Table 15 Poultry Market Size, By Region, 2014–2022 (USD Million)
Table 16 Aquatic Animals Market Size, By Region, 2014–2022 (USD Million)
Table 17 Feed Additives Market Size for Other Livestock, By Region, 2014–2022 (USD Million)
Table 18 Specialty Feed Additives Market Size, By Form, 2014–2022(USD Million)
Table 19 Specialty Feed Additives Market Size, By Form, 2014–2022(KT)
Table 20 Liquid Specialty Feed Additives Market Size, By Region, 2014–2022 (USD Million)
Table 21 Dry Specialty Feed Additives Market Size, By Region, 2014–2022 (USD Million)
Table 22 Specialty Feed Additives Market Size for Other Forms, By Region, 2014–2022 (USD Million)
Table 23 Specialty Feed Additives Market Size, By Function, 2014–2022(USD Million)
Table 24 Specialty Eed Additives Market Size, By Function, 2014–2022(KT)
Table 25 Gut Health & Digestive Performance Market Size, By Region, 2014–2022(USD Million)
Table 26 Mycotoxin Management Market Size, By Region, 2014–2022(USD Million)
Table 27 Palatability Enhancementmarket Size, By Region, 2014–2022(USD Million)
Table 28 Preservation of Functional Ingredients Market Size, By Region, 2014–2022(USD Million)
Table 29 Other Functions Market Size, By Region, 2014–2022(USD Million)
Table 30 Specialty Feed Additives Market Size, By Region, 2014–2022 (USD Million)
Table 31 Specialty Feed Additives Market Size, By Region, 2014–2022 (KT)
Table 32 North America: Specialty Feed Additives Market Size, By Country, 2014–2022 (USD Million)
Table 33 North America: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 34 North America: Specialty Feed Additives Market Size, By Livestock, 2014–2022 (USD Million)
Table 35 North America: Specialty Feed Additives Market Size, By Function, 2014–2022 (USD Million)
Table 36 North America: Specialty Feed Additives Market Size, By Form, 2014–2022 (USD Million)
Table 37 U.S.: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 38 Canada: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 39 Mexico: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 40 Europe: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 41 Europe: Specialty Feed Additives Market Size, By Livestock, 2014–2022(USD Million)
Table 42 Europe: Specialty Feed Additives Market Size, By Function, 2014–2022(USD Million)
Table 43 Europe: Specialty Feed Additives Market Size, By Form, 2014–2022(USD Million)
Table 44 Europe: Specialty Feed Additives Market Size, By Country, 2014–2022(USD Million)
Table 45 Spain: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 46 Germany: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 47 France: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 48 Russia: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 49 Rest of Europe: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 50 Asia-Pacific: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 51 Asia-Pacific: Specialty Feed Additives Market Size, By Livestock, 2014–2022(USD Million)
Table 52 Asia-Pacific: Specialty Feed Additives Market Size, By Function, 2014–2022(USD Million)
Table 53 Asia-Pacific: Specialty Feed Additives Market Size, By Form, 2014–2022(USD Million)
Table 54 Asia-Pacific: Specialty Feed Additives Market Size, By Country, 2014–2022(USD Million)
Table 55 China: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 56 India: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 57 Japan: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 58 Thailand: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 59 Rest of Asia-Pacific: Specialty Feed Additives Market Size, By Type, 2014–2022(USD Million)
Table 60 Latin America: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 61 Latin America: Specialty Feed Additives Market Size, By Livestock, 2014–2022 (USD Million)
Table 62 Latin America: Specialty Feed Additives Market Size, By Function, 2014–2022 (USD Million)
Table 63 Latin America: Specialty Feed Additives Market Size, By Form, 2014–2022 (USD Million)
Table 64 Latin America: Specialty Feed Additives Market Size, By Country, 2014–2022 (USD Million)
Table 65 Brazil: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 66 Argentina: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 67 Rest of Latin America: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 68 RoW: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 69 RoW: Specialty Feed Additives Market Size, By Livestock, 2014–2022 (USD Million)
Table 70 RoW: Specialty Feed Additives Market Size, By Function, 2014–2022 (USD Million)
Table 71 RoW: Specialty Feed Additives Market Size, By Form, 2014–2022 (USD Million)
Table 72 RoW: Specialty Feed Additives Market Size, By Country, 2014–2022 (USD Million)
Table 73 Africa: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 74 The Middle East: Specialty Feed Additives Market Size, By Type, 2014–2022 (USD Million)
Table 75 Expansions and Investments, 2011–2016
Table 76 Acquisitions, 2011–2016
Table 77 New Product Launches, 2011–2016
Table 78 Agreements, 2011–2016


List of Figures (78 Figures)

Figure 1 Specialty Feed Additives Market Segmentation
Figure 2 Specialty 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 Specialty Feed Additives Market Size, By Type, 2016 vs 2022 (USD Billion)
Figure 8 Specialty Feed Additives Market Size, By Livestock, 2016 vs 2022 (USD Billion)
Figure 9 Specialty Feed Additives Market, By Form, 2016 vs 2022 (USD Billion)
Figure 10 Specialty Feed Additives Market, By Region, 2014–2022(USD Billion)
Figure 11 Asia-Pacific is Projected to Be the Fastest-Growing Market for Specialty Feed Additives From 2016 to 2022
Figure 12 Specialty Feed Additives: an Emerging Market With Promising Growth Potential, 2016-2022
Figure 13 China to Grow at Highest Rate in Specialty Feed Additives Market, 2016 to 2022
Figure 14 Specialty Feed Additives Market in Asia-Pacific is Experiencing High Growth
Figure 15 Antioxidants is Projected to Be the Fastest-Growing Segment By 2022
Figure 16 Asia-Pacific Accounted for the Largest Share in the Antioxidants 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 2022
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 Specialty Feed Additives Market, By Type
Figure 22 Specialty Feed Additives Market, By Livestock
Figure 23 Specialty Feed Additives Market, By Form
Figure 24 Specialty Feed Additives Market, By Function
Figure 25 Specialty 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 Specialty Feed Additives: Supply Chain Analysis
Figure 31 Antioxidants Projected to Be the Fastest-Growing Segment During the Forecast Period
Figure 32 Flavors & Sweeteners Market Size, By Region, 2016 vs 2022
Figure 33 Acidifiers Market Size, By Region, 2016 vs 2022
Figure 34 Antioxidants Market Size, By Region, 2016 vs 2022
Figure 35 Vitamins Market Size, By Region, 2016 vs 2022
Figure 36 Minerals Market Size, By Region, 2016 vs 2022
Figure 37 Enzymes Market Size, By Region, 2016 vs 2022
Figure 38 Acidifiers Market Size, By Region, 2016 vs 2022
Figure 39 Binders Market Size, By Region, 2016 vs 2022
Figure 40 Specialty Feed Additives Market Size for Other Types, By Region, 2016 vs 2022
Figure 41 Swine Segment is Projected to Dominate the Feed Additives Market During the Forecast Period (2016-2022)
Figure 42 Asia-Pacific is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2022)
Figure 43 Asia-Pacific is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2022)
Figure 44 North America is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2022)
Figure 45 North America is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2022)
Figure 46 Asia-Pacific is Projected to Be the Fastest-Growing Region During the Forecast Period (2016-2022)
Figure 47 Liquid Segment is Projected to Dominate the Feed Additives Market During the Forecast Period (2016-2022)
Figure 48 Asia-Pacific is Projected to Dominate the Liquid Segment During the Forecast Period (2016-2022)
Figure 49 Asia-Pacific is Projected to Dominate the Dry Segment During the Forecast Period (2016-2022)
Figure 50 Europe is Projected to Grow at the Highest Rate During the Forecast Period (2016-2022)
Figure 51 Gut Health & Digestive Performance Segment is Projected to Dominate the Feed Additives Market During the Forecast Period (2016-2022)
Figure 52 Asia-Pacific is Projected to Grow at the Highest Rate During the Forecast Period (2016-2022)
Figure 53 Asia-Pacific is Estimated to Dominate the Gut Health & Digestive Performance Segment During the Forecast Period (2016-2022)
Figure 54 Geographic Snapshot (2016-2022): China is Projected to Grow at the Highest Rate and is Emerging as A New Hotspot
Figure 55 North America: Specialty Feed Additives Market Snapshot
Figure 56 European Specialty Feed Additives Market Snapshot
Figure 57 Asia-Pacific Specialty Feed Additives Market: Snapshot
Figure 58 Latin America: Specialty Feed Additives Market: Snapshot
Figure 59 Expansions: Most Preferred Strategy By Key Specialty Feed Additives Companies in the Last Five Years
Figure 60 Specialty Feed Additives Market Share, By Key Company, 2015
Figure 61 Strengthening Market Presence Through Expansions & Acquisuitions of Specialty Feed Additives Market Between April 2011 and June 2016
Figure 62 Expansions & Acquisitions : Key Strategies, 2011–2016
Figure 63 Geographical Revenue Mix of Top Four Market Players
Figure 64 Cargill, Incorporated: Company Snapshot
Figure 65 Cargill, Incorporated: SWOT Analysis
Figure 66 BASF SE: Company Snapshot
Figure 67 BASF SE: SWOT Analysis
Figure 68 Archer Daniels Midland Company: Company Snapshot
Figure 69 Archer Daniels Midlandcompany : SWOT Analysis
Figure 70 Evonik Industries AG: Company Snapshot
Figure 71 Evonik Industries AG: SWOT Analysis
Figure 72 Addiseo: Company Snapshot
Figure 73 Chr. Hansenholding A/S : Company Snapshot
Figure 74 Invivo Nsa: Company Snapshot
Figure 75 Royal DSM: Company Snapshot
Figure 76 Royal DSM: SWOT Analysis
Figure 77 Alltech: Company Snapshot
Figure 78 Nutreco N.V.: Company Snapshot

The size of the market for specialty feed additives is projected to reach USD 11.12 Billion by 2022, growing at a CAGR of around 5.43% from 2016. The global specialty feed additives market has grown exponentially in the last few years. Increase in consumption of animal products, rise in incidences of disease outbreaks in livestock, adverse impact on the environment from the emission of greenhouse gasses by the livestock and innovations in animal husbandry such as encapsulation of acidifiers are the major driving factors for this market.

On the basis of type, the specialty feed additives market is segmented into flavors & sweeteners, minerals, binders, vitamins, acidifiers, antioxidants, and others (feed PAA, enzymes, probiotics, prebiotics & complex carbohydrates). The flavors & sweetners segment accounted for the largest market share in 2015, followed by minerals. The acidifiers segment is projected to grow at the highest CAGR during the forecast period.

The swine segment, on the basis of livestock, is projected to grow at a significant rate during the forecast period. With increase in pork trade and concerns over food security, the demand for specialty feed additives is expected to increase to ensure better meat quality and safety.

On the basis of form, the specialty feed additives market is segmented into liquid, dry, and others (pellets and dust/powder forms). The liquid  segment is projected to grow at the highest CAGR during the forecast period. Liquid specialty feed additives are gaining popularity  because of their low cost.

On the basis of function, the specialty feed additives market is segmented into gut health & digestive performance, mycotoxin management, palatability enhancement, preservation of functional ingredients, and others (greater dry matter intake and increased capacity for nutrient absorption).Palatability enhancement is projected to be the fastest-growing from 2016 to 2022. Palatability enhancement of the feed leads to high feed intake by the livestock. Thus,  it is gaining a substantial position in the specialty feed additives market.

Specialty Feed Additives Market

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

The major restraints of the specialty feed additives market include harmful effects of rising operational  & raw material costs, and inconsistency in regulatory structure. The specialty feed additives market has a number of large and small-scale firms. Agreements and investments were the key strategies adopted by market players to ensure their growth. Players such as BASF SE (Germany), Evonik Industries (Germany), Novozymes A/S (Denmark), Nutreco N.V. (Netherlands), and Alltech Inc. (U.S.) collectively accounted for the largest share of the specialty feed additives market.

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