Albany - New York, Nov. 23, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Animal Feed Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," the animal feed additives market was valued at US$4.4 bn in 2014, which is expected to reach US$5.9 bn by 2021, at a CAGR of 4.3% from 2015 to 2021.
Due to the increasing demand of quality dairy and meat products across the world, animal feed additives market for ruminants is expected to grow at a steady pace. These are used to improve and maintain good health of animals. The feed additives are added in various forms, via oral procedure, depending on the animal. Increasing awareness among the consumers regarding the quality of milk and milk products is one of the major driving factors of the global animal feed additives market for ruminants. In addition, increasing consumption of milk across the world is also fuelling the demand for animal feed additives market for ruminants.
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Feed additives for ruminants are coated in order to improve and maintain the quality of milk and meat and to reduce the cost of medication. Several coating technologies including butyric acid, nano coated vitamins and minerals, 1-monogylcerides, sweetener and acidifier concepts and various others are used to coat the feed additives so that they don't get degraded by the micro-organism in the rumen, thus ensuring the quality of the meat and milk.
The market has been segmented on the basis of product types into Vitamins, Probiotics and Prebiotics, Choline Chloride, Phytobiotics, Organic Acid, Polyunsaturated Fatty Acids, Non-Protein Nitrogen (NPN), Immmunomodulators, Amino Acids, Feed Enzymes and others. The others segment includes Feed Acidifiers, Antioxidants, Trace Minerals, Antibiotics. The market has been further segmented on the basis of ruminants type into cattle, buffalo and others which include sheep, goat, deer etc. Vitamins, Amino Acids, Probiotics and Prebiotics and Feed Enzymes are majorly used as feed additives for cattle for enhancing the quality of the meat. Furthermore, Vitamins and Probiotics and Prebiotics are also used as feed additives for buffalo to increase the production of milk.
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Asia Pacific held the largest market share followed by North America. The demand for animal feed additives for Ruminants in Asia Pacific is mainly attributed to the rising demand for the same in China and India. Furthermore, in North America, the demand for meat and dairy products in The U.S. and Canada is expected to propel the animal feed additives market for ruminants.
The global animal feed additives market for ruminants is market by some intense competition by the major players in the same field. Mergers and acquisitions, partnerships and joint ventures are some of the major strategies adopted by the leading players. DSF, BASF S.E., Evonik Industries, Danisco are some of the major players operating in the global animal feed additives market for ruminants. BASF S.E. and DSM alone held a market share covering more than 50% of the total market for animal feed additives for ruminants.
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The report covers Animal Feed Additives Market for Ruminants and provides estimates in terms of revenue (USD Million) from 2015 to 2021. Market estimates on the basis of product type and ruminants type have also been provided for each region.
The Market has been segmented as follows:
Global Animal Feed Additives Market for Ruminants, by Product Type
- Vitamin
- Probiotics and Prebiotics
- Choline Chloride
- Phytobiotics
- Organic Acid
- Polyunsaturated Fatty Acid
- Non-Protein Nitrogen (NPN)
- Immunomodulators
- Amino Acids
- Feed Enzymes
- Others
Global Animal Feed Additives Market for Ruminants, by Ruminants Type
- Cattle
- Buffalo
- Others
Global Animal Feed Additives Market for Ruminants, by Geography
North America
- The U.S.
- China
- Rest of North America
Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
Asia Pacific
- India
- China
- Japan
- Rest of Asia Pacific
Rest of the World (RoW)
- Middle East
- Latin America
- Africa
Other Related Market Research Reports:
1. Prebiotics in Animal Feed Market to Exhibit 11.9% CAGR from 2013 to 2019 due to Health Benefits for Animals
The research report is titled "Prebiotics in Animal Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -2019".According to the research report, in 2012, the global prebiotics in animal feed market stood at US$213.9 million and is estimated to touch US$461.3 million by the end of 2019, growing significantly at an 11.9% CAGR from 2013 to 2019.Tremendous rise in meat consumption across the globe, ban on using antibiotics in animal feed, and several health benefits of prebiotics for animals are some of the factors expected to boost demand for prebiotics in animal feed in the forecast period. However, strict regulations and greater market visibility for prebiotics are the restraining factors that could hamper the growth of the global prebiotics in animal feed market in the near future.
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2. Prebiotic Ingredients Market to expand at 11.4% CAGR owing to Heightened Healthcare Awareness amongst the Masses
The global prebiotic ingredients market will develop at a healthy CAGR of 11.4 % from 2012 to 2018. TMR, a market intelligence firm, states that the global prebiotic ingredients market which in 2012 stood at US$2.3 billion is anticipated to reach US$4.5 billion by the end of the forecast period. The report, titled 'Prebiotic Ingredients Market - Global Industry Analysis, Market Size, Share, Trends, and Forecast 2012 - 2018', is available for sale on the company website.
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