Pune, India -- (SBWIRE) -- 09/13/2018 -- Market Scenario

High focus on R&D activities has resulted in the development of new and innovative feeding strategies. Incorporation of feed additives tends to stimulate gut development and health among the livestock. These further help in the production of quality animal products including milk, meat, eggs, and others. Escalating acceptation of animal feed by livestock farmers has a positive influence on the feed additives market, globally. Feeding livestock with appropriate feed additives is also identified to make them disease resistant.

Increasing the population of livestock to cater to the significant demand for animal products from consumers is one of the major drivers for feed additives market. Rising awareness about health benefits of feeding animals with nutrient-rich feed is escalating the market demand for feed additives. New product developments, along with innovations in production techniques, are estimated to propel feed additives growth in the global market. 

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Regional Analysis

As per MRFR analysis, the global feed additives market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is projected to retain its dominance throughout the forecast period, owing to the high population of livestock throughout the region. Asia-Pacific is estimated to account for a major market share of 35.80% in 2017. However, North America is projected to expand at the highest CAGR of 7.16% during the forecast period, 2017-2023..

Market Segments

The global feed additives market segmented into type, form, and livestock. Further, by region, it is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

By type, the market is segmented into amino acid, vitamins, carotenoids, enzymes, prebiotic & probiotics, minerals, acidifiers, lipids, and others. The amino acid segment is dominating the market due to increasing demand for animal feed that enhances the protein in the animals. This segment is projected to grow at a CAGR of 5.88% during the forecast period.

By form, the market is segmented into dry and liquid. Among both, dry form of feed additives is projected to account for the maximum market share, at a CAGR of 5.83%, during the forecast period.

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