Non-starch polysaccharides (NSP) is the most widely used feed enzyme owing to its effect on the nutrient reabsorption, lipid metabolism, and immune system of animals.

Portland, OR -- (SBWire) -- 06/16/2017 --Animal Feed Additives Market Report, published by Allied Market Research, projects that the global market would reach $32.1 billion by 2021 at a CAGR of 5.8% from 2015 to 2021. Amino acids and antibiotics segments together accounted for about one-third of the market in 2014 and are expected to maintain this trend during the forecast period.

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Feed additives are vital ingredients used to provide essential nutrition to livestock and to improve their overall growth and output. The world animal feed additives market is poised to witness significant growth during the forecast period, owing to growing consumption of meat products, increasing concerns over meat quality, and rising safety concerns associated with the outbreak of livestock diseases. The demand for meat and meat-based products are expected to grow two-fold by 2030 in the developing countries. Global industrialization of meat products is expected to boost the growth; however, factors such as increasing prices of raw materials such as maize, wheat, barley & others and stringent regulatory guidelines for feed additives would hamper the market growth.

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The amino acids, and feed enzymes are expected to be the fastest growing segments with a CAGR of 7.2% and 7.0% respectively, during the forecast period. Methionine amino acid is a sulfur-containing amino acid, responsible for triggering a wide variety of metabolic reactions, such as cell proliferation and development of healthy and productive livestock. This segment has captured the largest market share among amino acids of nearly 44% in 2014.

The poultry segment is expected to dominate the market during 2014 and 2021. Poultry is the second largest meat producing segment in the global meat industry, as poultry meat is universally consumed, unlike beef and pork. Increase in trade in the poultry meat segment and rising concerns over its quality is expected to foster the growth of the feed additives market. Recent outbreak of diseases, such as bird flu, have positively impacted the growth of the poultry feed additives market; thereby, increasing awareness about poultry health and meat quality.

Key findings of the Animal Feed Additives Market:

-Amino acid is projected to be the fastest growing segment, at a CAGR of 7.2%, in the world animal feed additives market.

-Lysine amino acid is expected to be the fastest growing segment during the forecast period.

-Swine feed additives and cattle feed additives together contributed about half of the overall market share in 2015.

-The Asia-Pacific region is projected to occupy the highest market share, registering a CAGR of 5.3% from 2015 to 2021.

-The poultry and swine feed additives application segments collectively accounted for about two third of the market share in 2015.

Growing consumer awareness regarding the meat quality and various dairy products and the rising global meat consumption has led to inclusion of feed additives into animal feed. In 2014, Europe and North America region collectively accounted for about 49% share in world animal feed additives market. Further, LAMEA is expected to grow at a faster rate of 6.9% during the forecast period. Owing to various outbreaks of diseases such as avian influenza or avian flu and foot & mouth disease, the meat market in North America, especially in the U.S. has become very particular about food safety and quality. The U.S. government has already adopted initiatives such as complete ban in 2009 on the use of feed antibiotics as growth promoters and campaigns for increasing awareness of product efficiency and its proper usage.

The European and LAMEA animal feed additives markets are expected offer lucrative growth opportunities during the forecast period. Increasing meat consumption, food safety concerns, and rising meat prices in Europe are key drivers for the growth of feed additives market, with major revenue contribution from Germany, France, and Spain. South Africa and Brazil in LAMEA are projected to grow with CAGR of 7.2% and 6.8%, respectively. The European Union has enforced regulations on the feed industry in Brazil to develop better and safe feed additives, as it is one of the major exporters of meat to the European countries.

Of the last 5-year development activities by key players, expansions and acquisitions are the key strategies implemented. Expansions and acquisitions done by Evonik Industries AG, Cargill Incorporated, Nutreco N.V., Archer Daniels Midland Company, and Adisseo France SAS accounted for 40% of the last 5 year developments in the industry. The key companies profiled in this report are BASF SE, Cargill, Inc., Archer Daniels Midland Company, Novozymes A/S, Chr. Hansen Holding A/S, Alltech, Inc., Evonik Industries AG, Charoen Pokphand Foods Public

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