Animal Feed Additives Market for Ruminants - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

Albany, NY -- (SBWire) -- 09/08/2017 --Feed additives refer to food supplements given to farm animals, as regular food is not sufficient to meet the nutritional requirements for the proper growth of these animals. Feed additives contain nutrients such as amino acids, vitamins, fatty acids, and minerals. The growing demand for quality meat and dairy products worldwide has propelled the growth of the global animal feed additives market. Feed additives are usually administered orally.

The feed additives for ruminants are usually coated so that they do not get degraded by the action of micro-organisms present in rumen. Various coating technologies such as nano coated vitamins and minerals, butyric acid, sweetener, 1-monoglycerides, and acidifier concepts are implemented to coat the feed additives.

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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.

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.

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Describing the competitive landscape, the report profiles some of the key players in the global animal feed additives market such as BASF S.E., DSM, Elanco, Evonik Industries, Cargill Inc., Danisco, Novozymes, Archer Daniels Midlands Co., CHR Holdings, and Alltech Inc. Partnerships, joint ventures, and mergers and acquisitions are the common strategies adopted by the market players. DSM and BASF S.E. together account for more than 50% of the overall market.

Global Animal Feed Additives Market has been segmented as:

Global Animal Feed Additives Market for Ruminants by Product Type
Vitamin
Probiotics and Prebiotics
Choline Chloride
Phytobiotics
Organic Acid
Polyunsaturated Fatty Acids
Non-Protein Nitrogen (NPN)
Immunomodulators
Amino Acids
Feed Enzymes
Others

Global Animal Feed Additives Market for Ruminants by Ruminants Type
Cattle
Buffalo
Others