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Animal Feed Additives Market size should witness gains at over 3.5% to surpass USD 22 billion by 2022.<br><br>Get more details @ https://goo.gl/SAf31h
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Animal feed additives market trends research and projections for 2017-2024 Fuel Cell Market size worth $25.5bn by 2024
KeyInsights from Animal feed additives market : • Animal feed additives market size worth USD 16.11 billion in 2014, is expected to grow at a CAGR of 3.7 % over the period of 2015-2022. Rise in meat consumption of livestock such as poultry, cattle, and swine as a protein source is expected to boost the global industry trends over the coming years. Animal feed additives such as minerals, vitamins, fatty acids, and amino acids enhances metabolism and weight gains of the livestock. • Livestock production estimated at 305 million tons in 2014, is expected to increase significantly over the coming years and will drive animal feed additives market growth. Furthermore, increase in meat consumption due to growing purchasing capacity and population base is expected to drive the global animal feed additives industry size over the next few years.Asia Pacific meat production sector contributed over 41% of the overall demand in 2014, while Europe and North America meat production industry contributed over 18% and 14% of the overall demand in 2014.
Continued... • Based on the livestock, animal feed additives market is segmented into cattle, poultry, swine, and aquaculture. Animal feed additives market share in poultry worth USD 6 billion in 2014, is expected to witness high surge over the coming timeframe. The growth can be attributed towards rising health awareness along with strict monitoring of meat quality by the government due to increasing occurrence of diseases such as bird flu, etc. Animal feed additives industry size in aquaculture is expected to record a CAGR of 4.2% over the coming six years. • Amino acids market price valued at USD 5.3 billion in 2014, is expected to grow significantly over the coming years. The growth can be credited to the use of threonine, lysine, methionine, and tryptophan in feed additives of poultry and swine.
Europe animal feed additives market size, by product, 2012-2022 (USD Million)
Browse Full Market Research Report On Animal feed additives market @ https://goo.gl/SAf31h Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/144
360° Analysis • Application Trends • Strong trends towards growth in livestock rearing such as cattle, poultry and swine for consumption forming part of protein rich diet, should drive animal feed additives market size. Worldwide livestock production was over 300 million tons in 2014 and has grown annually at close to 1.6% from 2013. These products form significant part of livestock growth as they help in meeting nutritional standards required for weight gain and metabolism functioning. • Regional Trends • U.S. animal feed additives market may expect gains at over 3.5%. Shift in towards organic meat consumption over processed products may affect regional growth. However, favourable regulatory policies by FDA and FFDCA should enhance product demand. • Competitive Market Share • Key industry players include DSM, Danisco, BASF, and Evonik. Other industrial participants include Addcon Group, Cargill, ADM, Adisseo France, Kemin Industries, Nutreco, and Biomin. Some of the companies are forming strategies to forward integrate and establish own distributing channels and enhance profitability by cutting resellers margin.
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