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Los Angeles, CA -- (SBWIRE) -- 04/29/2019 -- 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.
In global market, the production of feed additives increases from 16.1 million MT in 2011 to 19.7 million MT in 2015. In 2015, global feed production has exceeded 995 million tons. China is the world's largest feed market. In 2015, the global feed additives market is led by China, capturing about 41% of global feed additives production. Europe is the second-largest region-wise market with 20% global production share. At present, the major leader manufacturers of feed additives are concentrated in USA and Europe .Evonik is the world leader, holding 2.66% production market share in 2015. But, Evonik hold 11.92% global revenue market. In addition, DuPont, DSM, Adisseo, BASF, ADM, Nutreco are also the main market leader.
In application, feed additives downstream is wide and recently feed additives has acquired increasing significance in various fields of poultry feeds, ruminant feeds, pig feeds and other feeds. Globally, the feed additives market is mainly driven by growing demand for poultry feeds which accounts for nearly 47% of total downstream consumption of feed additives in global.
The global Animal Feeds Additives market was 23300 million US$ in 2018 and is expected to 26700 million US$ by the end of 2025, growing at a CAGR of 2.0% between 2019 and 2025.
This report studies the Animal Feeds Additives market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Animal Feeds Additives in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Charoen Pokphand Group
Bio Agri Mix
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
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