Global Animal Feed Additives Market 2019-2023
|発行||TechNavio (Infiniti Research Ltd.)||商品コード||877596|
|出版日||ページ情報||英文 132 Pages
|飼料用添加物の世界市場：2019年～2023年 Global Animal Feed Additives Market 2019-2023|
|出版日: 2019年06月11日||ページ情報: 英文 132 Pages||
Animal feed additives are added to livestock feed given to farm animals that require extra nutrients such as vitamins, fatty acids, amino acids, and minerals to grow at a healthy rate. Technavio's animal feed additives market analysis considers the revenues of animal feed additives based on livestock type, that includes poultry, ruminants, swine, aquaculture, and other animals. Our analysis also considers the sales of animal feed additives in North America, Europe, APAC, MEA, and South America. In 2018, the poultry segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing concerns about animal health will play a significant role in the poultry segment to maintain its market position. Also, our global animal feed additives market report looks at factors such as the rise in global meat consumption, growing demand for feed additives, and increasing investments and focus on expanding production capabilities. However, the increase in raw material prices, the growing popularity of vegan diets, and stringent regulations and ban on the use of antibiotics may hamper the growth of the animal feed additives industry over the forecast period.
The global meat production and consumption can be severely impacted by disease outbreaks in livestock such as rinderpest, foot-and-mouth disease, and contagious bovine pleuropneumonia that affect animal health. Feed additives such as vitamins, antioxidants, enzymes, and probiotics can prevent the outbreak of the disease in livestock and improve the overall feed assimilation. Thus, the rising disease outbreaks in livestock will drive the demand for animal feed additives and fuel market growth at a CAGR of about 6% during the forecast period.
The demand for natural feed additive is increasing significantly, owing to the EU ban on feed grade antibiotic growth promoters. Natural growth promoters (NGPs) offer various benefits, including increased growth performance, improved feed efficiency, and rapid maturation of the immune system. Also, NGPs do not pose any risk of bacterial resistance and undesired residues in animal food products. These benefits of natural feed additives will stimulate its demand during the forecast period and consequently drive the expansion of the animal feed additives market.
For the detailed list of factors that will drive the global animal feed additives market during the forecast period 2019-2023.
With the presence of several major players, the global animal feed additives market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading animal feed additives manufacturers, that include Archer Daniels Midland Co., BASF SE, Cargill Inc., DowDuPont Inc., and Evonik Industries AG.
Also, the animal feed additives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.