Selbyville, DE -- (SBWire) -- 10/05/2018 --Animal Feed Additives Market is likely to generate over USD 25 billion by 2024; according to a new research report.
Growing consumer demand for meat products as a source for protein and nutrients along with rising concern towards livestock health & safety should drive animal feed additives market demand. These products act as catalyst preventing diseases, improving weight gain, digestion, conversion rate and overall health.
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Global animal feed additives market major players including Novus International, DSM, Kaesler Nutrition, Kemin, Cargill, ADM, Impextraco, Dr. Eckel GmbH, Alltech Inc., Industries, Lucta, MIAVIT GmbH, and Dupont.
Rising concerns towards disease outbreaks in livestock suffering from swine flu, bird flu, infections and avian influenza should drive animal feed additives market demand. Increasing concern for safety and quality of meat & meat products should prompt growing demand for specialty additives adding to global demand.
U.S. animal feed additives market should grow significantly at a rate of over 3% by 2024 due to strong demand for quality & safe meat products. Stringent food & safety regulations pertaining to standardized meat and milk products along with ban on meat and bone meal should amplify regional product demand.
Pigment animal feed additives market should gain about 4.5% during projected timeframe. Its ability to improve palatability and appeal to improve feed efficacy should drive industry. Growing industrialization of pork, aquaculture and poultry business on a global scale should drive product demand.
Animal feed additives market demand from aquaculture application should grow steadily to surpass 155 kilo tons by 2024. Amino acids are one of the important ingredients in aquafeed additives as fish and prawns are not able to syntheproteins into amino acids which include tryptophan, lysine, methionine, and threonine. Vitamins also form importance source of diet for shrimp & fish to enhance disease resistance and improve defense mechanism.
Stringent regulations and policies towards ban on use of antibiotic growth promoters (AGPs) increases demand for natural growth promoters owing to bioaccumulation and building resistance towards medical antibiotics which should propel animal feed additives market. Increasing emphasis towards standardizing meat products should drive demand for antioxidants, vitamins and amino acids further bolstering animal feed additives demand.
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Probiotics animal feed additives market should grow significantly at a rate of over 5.5% during forecast timeframe as it helps in enhancing gut & intestinal health in swine, poultry and cattle being dietary supplement. It comprises of live micro-organism strains which maintains microbial flora in gastrointestinal tract in animals improving digestion and feed efficacy propelling industry growth.
Enzymes animal feed additives market should create revenues over USD 750 million by 2024 owing to the exceptional ability to convert nutrients into energy. It breaks down feed into smaller components by binding into the feed substrates improving productivity and livestock health, thus driving animal feed additives market.
Germany animal feed additives market should grow significantly during forecast timeframe due to raising living standards along with spurring meat demands from packaged food sector. High economic standards coupled with busy working schedule should further strengthen demand for packaged food implying animal feed additives market growth.
Table of Content – Snapshot
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Animal Feed Additives Industry Insights
Chapter 4 Animal Feed Additives Market, By Product
Chapter 5 Company Profiles.
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Global Animal Feed Additives Market Detail Analysis Focusing on Key Players Like Novus International, DSM, Kaesler Nutrition, Kemin, Cargill, ADM, Impextraco, Dr. Eckel G
Market Study Report adds 2017-2024 global Animal Feed Additives market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.