Global Feed Additives Market – Segmentation Analysis and Forecast by Technavio

January 1, 2018

LONDON–(BUSINESS WIRE)–#Additives–According to the latest market study released by Technavio,
the global
feed additives market is expected to grow at a CAGR of more
than 4% during the forecast period.

This research report titled ‘Global
Feed additives Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This report
also includes an up to date analysis and forecasts for various market
segments and all geographical regions.

Avail Technavio’s
Year-End Special offer: Get 50% off on this
report and all other reports covering industries like ICT; energy; food
and beverage; healthcare and life sciences; automotive; industrial
automation; education; and many more. Offer valid only from Dec 18 –
Jan 7.

The market research analysis categorizes the global
feed additives market into the following types:

Amino acids
Antibiotics
Vitamins
Acidifiers
Enzymes

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

The top three revenue-generating segments are discussed below:

Amino acids

Amino acids such as lysine, threonine, methionine, and glycine form
essential sources of nutrients for animals. Proteins are made from amino
acid chains. They are used for making dietary supplements and help in
muscle building in animals. Feeds are mixed with amino acids to be fed
to broilers, ducks, turkey, pigs, veal calves, dairy cows, and marine
animals. The growth stage of the animal determines the concentration of
amino acid.

According to Kshama Upadhyay, a lead analyst at Technavio for additives,
adhesives, and sealants research, “In APAC and the Americas,
the demand for meat and meat products is increasing at a higher pace
when compared to other regions. The rise in demand can be attributed to
benefits offered by meat consumption such as meat being a high source of
protein, iron, zinc, and vitamins B3, B6, and B12.

Antibiotics

Infections in animals are prevented and treated with the help of
antibiotics such as chlortetracycline, tetracycline, procaine
penicillin, oxytetracycline, tylosin, bacitracin, and neomycin sulfate.
Globally, antibiotics are used in most types of animal feed and are
either offered as supplements or mixed with drinking water. The feed
additives segment accounted for 41% of the global antibiotics market in
2017, based on application. The poultry and swine feed sectors consume
around 2.3 million pounds and 3.1 million pounds of feed additives,
respectively. To enhance egg production and hatchability, tetracycline
and penicillin are popularly used in poultry.

“The demand for eggs is increasing on a year-over-year basis.
Countries such as China and the US are the key contributors in the
global production of eggs. The increasing demand for eggs and broiler
meat is considered to be the main drivers for the demand for antibiotic
feed additives during the forecast period,” says Kshama.

Vitamins

Feeds with vitamin additives are essential for metabolism, endocrine
system, and physiological processes in swine. The market for animal feed
by the pig farming industry is expected to be driven by the demand for
pork. In the global meat production market, pork accounted for 42.3%.
China is the largest producer of pork worldwide and accounted for 53.91
MMT of pork and contributed to more than 49% of the global pork
production. The high global demand for pork is expected to drive the
demand for vitamin feed additives.

The top vendors highlighted by Technavio’s market research analysts in
this report are:

Archer Daniels Midland Company
BASF
Cargill
Chr. Hansen Holding
Novozymes

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com