Animal Feed Additives Market for Ruminants Is Expected to Rake in Revenues Worth US $5.9 Bn by 2021

Albany, NY -- (SBWire) -- 04/23/2018 --According to Transparency Market Research, vitamins, minerals, feed enzymes, and amino acids are the most commonly produced animal feed additives for ruminants within the above key players. DSM, the leading provider in the world, specializes in vitamins, minerals, and feed enzymes. BASF holds a more diverse portfolio and includes trace minerals in its product profile.

Growing Global Population Demands More Meat and Dairy, Increases Scope of Animal Feed Additives Use

"The demand for animal-derived foods such as meat and dairy is increasing across the world," states a TMR analyst. "This is pressuring the animal husbandry industry to increase the count of animals maintained as well as the yield of products. In the case of ruminants, more specifically cattle, animal feed additives can go a long way in maintaining the health of the animal as well as the food product."

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Dairy is the key product derived from animals in demand across the world currently, followed by meat. Both products are being subjected to an increasing amount of quality checks and consumption safety queries due to a rising level of awareness among consumers. As a result, animal feed additives also include the use of products that can help improve the immunity of an animal and prevent it from falling ill.

Amino Acids and Vitamins to Retain High Demand

Vitamins and amino acids were the two largest types of animal feed additives for ruminants in demand in 2014. They are expected to continue generating top demand till 2021, at which point their revenue shares are expected to be 20.39% and 15.64% for amino acids and vitamins respectively. The most common vitamins used in animal feed additives for ruminants include vitamins A, E, B, and C.

Amino acids are a key ingredient in all animal feed additives because they help develop the quality as well as quantity of the meat. Lysine is the most commonly used amino acid in feed additives, followed by methionine.

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APAC Demand for Animal Feed Additives for Ruminants on the Rise

The global animal feed additives market is expected to progress at a CAGR of 4.3% within a forecast period from 2015 to 2021, in terms of revenue. By the end of 2016, this market is expected to be valued at US$4.79 bn. By the end of 2021, this market is expected to be valued at US$5.92 bn.

Asia Pacific is expected to be the region with the highest demand for animal feed additives for ruminants from 2015 to 2021. By the end of 2021, this region is expected to generate US$1.9 bn in revenue from animal feed additives for ruminants.

Amino acids are expected to be the top product type among all animal feed additives for ruminants for the time being. By 2021, this segment is expected to take up a share of 20.39% in revenue. This is, however, a reduction in revenue share as compared to its 2014 percentage, due the growth in demand for other segments such as feed enzymes, choline chloride, and organic acids.