Animal Feed Additives Market Growth, Trends, Analysis and Forecast

A new report published by Allied Market Research titled, “World Animal Feed Additives Market - Opportunities and Forecasts, 2014-2021," projects that the world animal feed additives market would reach $27.9 billion by 2021 at a CAGR of 6.5% from 2015 to 2021. The amino acids segment occupied a dominant share in 2015 and is expected to maintain this trend during the forecast period. The poultry and swine feed additives application collectively accounted for about three fourth of the market share in 2015.
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Feed additives are vital ingredients used with feed to provide essential nutrition to livestock and improve their overall growth and output. The world animal feed additives market is poised to witness significant growth during the forecast period, owing to growing consumption of meat products, increasing concerns over meat quality, and rising safety concerns associated with the outbreak of livestock diseases. The demand for meat and meat-based products are expected to register a two-fold increase by 2030 in the developing countries. Global industrialization of meat products is expected to boost the growth; however, factors such as increasing prices of raw materials such as maize, wheat, barley & others and stringent regulatory guidelines for feed additives would hamper the market growth.

The amino acids, vitamins, and enzymes segments accounted for more than half of the share in the overall animal feed additives market in 2015. Methionine amino acid, a sulfur-containing amino acid responsible for triggering a wide variety of metabolic reactions, such as cell proliferation and development of healthy and productive livestock, captured the largest market share of 44% in 2015. Non-starch polysaccharides (NSP) is the most widely used feed enzyme owing to its effect on the nutrient reabsorption, lipid...