MarketResearchNest.com adds “Global Feed Additives Market 2017-2021” new report to its research database. The report spread across 71 pages with table and figures in it.
Research analysts forecast the global feed additives market to grow at a CAGR of 4.25% during the period 2017-2021.
About Feed Additives
Feed additives are added to animal feeds to improve their quality and boost animal growth. Animal feed accounts for approximately 65% of the overall production expenses undertaken by livestock producers. These additives improve muscle formation and promote good health in animals, thereby reducing investments by livestock producers. Feed additives are primarily used in swine and poultry feed. The global feed additives market is likely to grow at a moderate pace during the forecast period due to the steady demand by end-user industries such as livestock, poultry, aquaculture, and animal farming industries.
Covered in this report
The report covers the present scenario and the growth prospects of the global feed additives market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio’s report, Global Feed Additives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global feed additives market: Archer Daniels Midland Company, BASF, Cargill, Chr. Hansen Holding, and Novozymes.
Other Prominent Vendors in the market are: Alltech, Adisseo, BioResource International, Evonik Industries, IGUSOL, Nutriad, Palital, Tanke, and Vitafor.
Commenting on the report, an analyst from Research team said: “One trend in the market is rising demand for water-soluble organic feed additives. The demand for water-soluble organic feed additives is growing on a year-over-year basis. Water-soluble organic feed additives contain multivitamins and organic trace minerals, which improve animal growth. They (water-soluble organic feed additives) are easy to administer, easily digested, and are more productive than dry feed additive products.”
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According to the report, one driver in the market is increasing importance of feeds. The quality of meat, muscle volume, and proportion of nutrients depend on the animal feed. The weight and energy level can be regulated by altering the quantity of feed and protein. The inclusion of linseed in swine feeds results in the formation of omega-3 fatty acids in pork, which help cure arthritis and asthma. Various types of feeds are introduced to improve specific meat qualities. This has led to a global increase in feed volumes, which has further caused a positive impact on the global feed additives market.
Further, the report states that one challenge in the market is surge in livestock diseases. Epidemic diseases in animals are likely to affect the growth of the global feed additives market, which will reduce the production of milk, meat, dairy, and other related products. Death of animals reduces the demand for feed. The outburst of diseases disrupts livestock market trading and hinders continued investments in livestock production. Rinderpest, foot-and-mouth disease, sheep and goat pox, contagious bovine pleuropneumonia, swine vesicular disease, rift valley fever (RVF), and fowl plague are some of the common diseases in animals.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain