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Animal Feed Additives Market is Expected to Reach US$ 17.5 Billion Globally in 2018

According to a new market report published by Transparency Market Research Animal Feed and Feed Additives Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast, 2011 - 2018, global feed additives market was worth US$ 13.5 billion in 2011 and is expected to reach US$ 17.5 billion in 2018, growing at a CAGR of 3.8% from 2011 to 2018. In the overall global market, Asia Pacific is expected to maintain its lead position in terms of revenue till 2018. Asia Pacific is expected to enjoy 32.4% of global animal feed additives market revenue share in 2018 followed by Europe

August 14, 2012

According to a new market report published by Transparency Market Research  Animal Feed and Feed Additives Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast, 2011 - 2018, global feed additives market was worth US$ 13.5 billion in 2011 and is expected to reach US$ 17.5 billion in 2018, growing at a CAGR of 3.8% from 2011 to 2018. In the overall global market, Asia Pacific is expected to maintain its lead position in terms of revenue till 2018. Asia Pacific is expected to enjoy 32.4% of global animal feed additives market revenue share in 2018 followed by Europe.

The increase in global demand for meat and meat products has fueled the growth of global feed additives market over the last three years. This growth is particularly higher in emerging countries like China, India, and Brazil which contributed 23% in 2011 and expected to contribute 39% in 2018.

The animal (and aqua-) feed additives market is segmented into antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers and others (Trace minerals, NPN and so on). The global feed acidifiers market is estimated to reach US$ 1.6 billion in 2018 from US$ 1.0 billion in 2011, at a CAGR of 6.3% from 2011 to 2018. Asia Pacific is major sales contributor and is expected to hold 32% of the global market share in 2018. This market is expected to have high growth of CAGR 4.0% due to higher demand and sales. The U.S. remains the leader in the North American amino acids market with 29.9% market share, while China leads the Asia Pacific market with 49.5% market share followed by Japan. Within Europe, UK draws the largest demand, which is followed by Germany.

Major applications analyzed in this report are enhancing animal nutritional growth, feed quality, and meat quality. Enhancing the feed quality remains the leading demand generating factor followed by meat quality enhancement with 21%. 

The major industry drivers of animal feed additives market are rising global meat consumption, rising awareness regarding meat quality and dairy products, and recent livestock disease outbreaks promoting feed additive usage. Also industrialization in meat production is an important driver. Key challenges the industry is facing today are rising cost of natural feed products and ban on antibiotics - these can be viewed as an opportunity for others.

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