DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Animal Feed Additives Market: Global Industry Analysis, Market Size, Trends, and Forecast to 2023" report to their offering.
Global animal feed additives market is expected to grow at a CAGR between 3.5% and 4% over the period of 2017-2023
The feed supplements and nutritionals given to animals through feed are known as Animal Feed Additives. Feed additives aid to improve the health conditions of the farm animals to a large extent. Moreover adequate amount of feed additives help improve the quality of animal based products such as meat, dairy, and leather. Due to increasing awareness among the farmers about the animal health and importance of feed additives in improving animal health the demand for feed additives is expected to grow globally.
Global animal feed additives market is characterized by continuous research and development and leading players such as BASF, Cargill and ADM spend significant amount on R&D to improve the efficiency of the additives and improve animal health. Globally, the animal feed additives market was dominated by Europe in 2015 followed by Asia Pacific, mainly due to large livestock population size, Asia-Pacific region is expected to witness highest growth in terms of CAGR over the forecast period, 2017-2023.
Globally, the Animal Feed Additives market is expected to be driven by factors such as raising awareness about the health benefits of feed additives among the consumers, new product launches and innovations by leading companies, and rapid commercialization in animal industry.
Moreover, growing demand of livestock for meat consumption and improving animal husbandry practices due to improving quality of animal produce. One of the primary challenges of the market is regulatory aspects that the feed additives manufacturers need to comply with.
Key Topics Covered:
2. Executive summary
3. Global Animal Feed Additives Market Overview
5. Global Animal Feed Additives Market Analysis, By Additive Type (USD million) 2017-2023
6. Global Animal Feed Additives market analysis, by livestock (USD million) 2017-2023
7. Global Animal Feed Additives market analysis, regional analysis (USD million) 2017-2023
8. Company profiles
- Cargill Inc.
- BASF SE
- Evonik Industries
- Alltech Inc.
- Adisseo France
- Chr. Hansen
- Invivo NSA
- Koninklijke DSM N.V
- Nutreco N.V.
For more information about this report visit http://www.researchandmarkets.com/research/ghbvhm/animal_feed