Your Catalyst to a Lucrative Business
Key report insights suggest:
- Global animal feed additives market was valued at USD 16 billion in 2014 and is expected to reach USD 21.9
billion by 2022, growing at a CAGR of 4% from 2015 to 2022.
- Poultry feed additives dominate the market, with revenue estimated at USD 6.1 billion in 2014 and expected
to grow at a CAGR of 4.3% from 2015 to 2022. Aquaculture feed additives market is expected to reach USD
1.29 billion by 2022, with an estimated CAGR of 4.2% over the next seven years.
- Amino acids accounted for over 30% of global demand in 2014, with revenue estimated to reach USD 8
billion by 2022. The demand for feed enzymes and acidifiers is expected to grow at a CAGR of 5.3% and 6.5%
from 2015 to 2022, respectively.
- North America and Europe together accounted for over 55% of the global revenue in 2014 and are expected
to witness marginal gains over the forecast period, owing to regulatory constraints and raw material issues.
- Asia Pacific animal feed additive market was dominated by India and China, together accounting f or around
70% of overall regional revenue in 2014. Brazil dominated the LATAM market similarly, accounting for 80% of
total revenue in the same year.
- The global industry is significantly concentrated and displays oligopolistic characteristics. Key compan ies in
the market include integrated players such as DSM, Evonik, and BASF along with specialists such as Danisco,
Elanco, Cargill Novozymes, Kemin, Novus etc.
HexaResearch has segmented the animal feed additives market on the basis of product, application and
region for this report:
Global Animal Feed Additives, By Product (Revenue, USD Million, 2012 - 2022)
- Antibiotics
- Vitamins
- Vitamin A
- Vitamin E
- Vitamin B
- Vitamin C
- Other Vitamins
- Antioxidants
- Amino Acids
- Lysine
- Methionine
- Threonine
- Tryptophan
- Other Amino Acids
- Feed Enzymes
- Phytase
- Non Starch Polysaccharides & Other
- Feed Acidifiers
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