Global animal feed additive market will reach 20 billion US

Time:2019-05-23 16:23
According to the latest research report of Grand View Research, the global animal feed additive market has a valuation of US$14.9 billion in 2013. The compound annual growth rate is expected to reach 4.2% between 2013 and 2020. By then, the global animal feed additive market will reach a valuation of 200%. One hundred million U.S. dollars. The growing demand for meat consumption in the global, especially Asia Pacific, LAMEA (Latin America, Middle East, Africa) region has boosted the demand for the animal feed and feed additive market. It is also one of the main factors driving the development of this market to combat the frequent epidemics such as avian flu and swine plague and to obtain high quality and safe meat products at low cost. Enzymes, acidifiers and trace elements will also be the main considerations for the industry in the next six years due to concerns about the cost of raw materials and products.
From the perspective of species, amino acids are the main feed additive products, accounting for 31.2% of the total market. Among them, lysine accounts for about 70% of the total amount of various amino acids. Antibiotics account for about 26.8% of the total feed additive market, but since Europe and the United States have explicitly banned antibiotics, their future markets will be concentrated in Asia and Latin America. Feed acidifiers are the world's fastest-growing additive products, with a compound annual growth rate of 6.4% over the next six years.
 From the perspective of consumption, poultry feed production consumes the largest amount of additive products, accounting for 32.6% of the total. The annual consumption is expected to increase by 4.2% in the next six years. Among them, China and India will be the main driving markets. The consumption of additive products in pig feed production accounts for about 30% of the total.
From a regional perspective, Asia Pacific is the world's largest feed additive market, accounting for 32.6% of the global market. Asia Pacific is also the fastest growing market and is expected to grow at a compound annual growth rate of 4.2% between 2014 and 2020. China and India will remain the main driving markets for Asia's future. Europe's compound annual growth rate for the next six years is 4%, the largest of which is Germany.

The global feed additive market is highly concentrated. The market share of DSM, BASF, Evonik and Danisco in Denmark has accounted for more than 60% of the global market. Other major multinational suppliers include Elanco, Novozymes, Kemin Industries, Novus International and Cargill. These companies mainly expand their development through new product development, joint venture and cooperation strategies.