Animal Feed Additives market by Type (Amino acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin detoxifiers, Others); By Livestock (Poultry, Ruminants, Swine, Aquatic animals, other livestock (equine and pet food)); By Form (Dry, Liquid); By Source (Synthetic, Natural) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
Animal Feed Additives market by Type (Amino acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin detoxifiers, Others); By Livestock (Poultry, Ruminants, Swine, Aquatic animals, other livestock (equine and pet food)); By Form (Dry, Liquid); By Source (Synthetic, Natural) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
Product Overview
Animal feed additives include Vitamins, amino acids, fatty acids, and minerals. These animal feed additives not only offer essential animal nutrition to farm animals, but also impact their appearance, cleanliness, digestibility, and effect on intestinal health, resulting in higher-quality meat products for human consumption.
Market Highlights
Animal Feed Additives market is expected to project a notable CAGR of 4.69% in 2030
Animal Feed Additives market to surpass USD 62.63 billion by 2030 from USD 39.59 billion in 2020 at a CAGR of 4.69% in the coming years, i.e., 2021-30. Increased consumption of feed additives is due to increased consumption of animal-based goods, increased feed output, standardization of meat products due to disease outbreaks, and deployment of new animal husbandry methods to improve meat quality.
Recent highlights in the Animal Feed Additives market
• In February 2021, Kemin Industries released KemTRACE Chromium-OR, an organic compliant chromium propionate feed component for pigs, cattle, broilers, and horses.
• In February 2021, Alltech and DLG Group teamed together to help cattle producers in Scandinavia increase their profitability and efficiency. Both businesses are nearing completion on the purchase of Kärki-Agri, a Finnish company.
Animal Feed Additives market: Segments
Preservatives segment to grow with the highest CAGR during 2020-30
Animal Feed Additives market is segmented by Type into Amino acids, Phosphates, Preservatives, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin detoxifiers and Others. Among these the Preservatives category is expected to dominate the market over the forecast period. The need for feed preservatives has risen as feed manufacturers place a greater emphasis on increasing the shelf life of their products. Significant nutritional changes in cattle breeding have occurred in the last 60 years, resulting in an increasing demand for the use of feed preservatives such as mold inhibitors and anticaking agents.
Market Dynamics
Drivers
Increase in demand and consumption of livestock-based products
The use of feed additives in feed for the growth and development of farm animals is projected to expand as demand for livestock-based goods such as dairy and dairy-based products, meat, and eggs rises. Because of its great demand, cheap production costs, and reduced product pricing, poultry meat is the major driver of overall meat production growth in both developed and developing countries.
Restraint
Ban on antibiotics in different nations
Feed producers throughout the world are facing a big challenge: rising raw material prices. Natural sources of feed acids, antioxidants, and vitamins include seeds, tree barks, and plant leaves. The feed additives market is being held back by the growing expense of extraction from these sources, as well as stringent rules for waste biomaterials and wastewater treatment.
Animal Feed Additives:
Key Players
• Cargill
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
• ADM
• Evonik
• DuPont
• BASF
• DSM
• Ajinomoto
• Novozymes
• Chr. Hansen
• TEGASA
Animal Feed Additives market: Regions
Animal Feed Additives market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. In terms of value, the Asia Pacific region held the largest share of the global feed additives market. The existence of a high livestock population and their rate of expansion drive the market in the region. Furthermore, the number of feed mills and feed output in the area has increased, notably in nations like India and Japan. This increase in the number of feed mills reflects the growth in feed production in this region. China, the world's largest feed producer, contributes considerably to the region's leadership position, while Thailand and Indonesia are rising feed producers, and India and Japan continue to expand their feed output.
Animal Feed Additives report also contains analysis on:
Animal Feed Additives Segments:
• By Type
o Amino acids
o Phosphates
o Preservatives
o Vitamins
o Acidifiers
o Carotenoids
o Enzymes
o Mycotoxin detoxifiers
o Others
• By Livestock
o Poultry
o Ruminants
o Swine
o Aquatic animals
o Other livestock (equine and pet food)
• By Form
o Dry
o Liquid
• By Source
o Synthetic
o Natural
• Animal Feed Additives Market Dynamics
• Animal Feed Additives Market Size
• Supply & Demand
• Current Market Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
Contents
1. Executive Summary
2. Animal Feed Additives market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Animal Feed Additives Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Animal Feed Additives Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Animal Feed Additives Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Europe: (Germany, UK, France, Italy, Spain, and Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Asia-Pacific: (China, India, Japan, Australia and Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Latin America: (Brazil, Mexico, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Amino acids, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Phosphates, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Preservatives, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Vitamins, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Enzymes, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.6. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Livestock: Market Share (2020-2030F)
12.3.1. Poultry, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Ruminants, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Swine, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Aquatic animals, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Form: Market Share (2020-2030F)
12.4.1. Dry, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Liquid, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By Source: Market Share (2020-2030F)
12.5.1. Synthetic, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2. Natural, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. Company Profile
13.1. Cargill
13.1.1 Company Overview
13.1.2 Company Total Revenue (Financials)
13.1.3 Market Potential
13.1.4 Global Presence
13.1.5 Key Performance Indicators
13.1.6 SWOT Analysis
13.1.7 Product Launch
13.2. ADM
13.3. Evonik
13.4. DuPont
13.5. BASF
13.6. DSM
13.7. Ajinomoto
13.8. Novozymes
13.9. Chr. Hansen
13.10. TEGASA
14. Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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