The global Animal Feed Supplements market was valued at US$ 55770 million in 2019 and it is expected to reach US$ 67340 million by the end of 2026, growing at a CAGR of 2.7% during 2021-2026.
Animal Feed Supplements are enzyme supplements, phosphate, calcium and trace mineral mixtures that can be given to grazing animals during the dry or rainy season. These animal feed supplements can be mixed with fodder and have an extra shelf life.
Animal nutrition focuses on the dietary needs of animals, primarily those in agriculture and food production, but also in zoos, aquariums, and wildlife management. Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health, e.g. providing enhanced digestibility of the feed materials. Feed additives may not be put on the market unless authorization has been given following a scientific evaluation demonstrating that the additive has no harmful effects, on human and animal health and on the environment.
At present, the major leader manufacturers of animal nutrition are concentrated in Asia Pacific and Europe. Evonik is the world leader, only holding 3.31% sales market share in 2018. But, Evonik hold 4.42% global revenue market share. In addition, Adisseo, Novus International, CJ Group, DSM, Meihua Group and Kemin Industries are also the main market leader.China was one of the largest regional market for feed additives, with revenue exceeding USD 10 billion in 2018. It is further expected still to grow due to downstream demand. In the past time, the global feed market has maintained a more stable growth rate. Africa, Europe, Latin America have maintained a rapid growth rate. The North American market is stagnant. In the foreseeable future, the growth of this industry mainly comes from the growth of these areas.In application, animal feed supplements downstream is wide and recently animal nutrition has acquired increasing significance in various fields of poultry feeds, ruminant feeds, pig feeds and other feeds. Globally, the animal nutrition market is mainly driven by growing demand for poultry feeds which held nearly 47% of total downstream consumption of animal nutrition.
Global Animal Feed Supplements Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Animal Feed Supplements Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Evonik, Adisseo, CJ Group, Novus International, DSM, Meihua Group, Kemin Industries, Zoetis, CP Group, BASF, Sumitomo Chemical, ADM, Alltech, Biomin, Lonza, Global Bio-Chem, Lesaffre, Nutreco, DuPont, Novozymes and more in terms of market share by sales, revenue, average pricing, product type002C margins, recent developments etc.
Segment by Type
- Amino Acids
Segment by Application
- Poultry Feeds
- Ruminant Feeds
- Pig Feeds
Table of Content:
1 Animal Feed Supplements Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Animal Feed Supplements Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Animal Feed Supplements Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta