GIA announces the release of a comprehensive global report on Animal Feed Additives market. Despite witnessing a temporary deceleration in growth in the recent years, primarily due to the recent global economic recession, the world market for compressors and vacuum pumps is expected to recover poise and gain steady momentum in the short to medium term period to reach U.S.$18 billion by 2015.
The market will be primarily driven by factors such as the ever increasing number of health conscious individuals, growing number of medicated as well as non-medicated applications for poultry, pig, aquaculture, companion animals, and ruminant feed, and focus of market participants on innovative feed additives.
Animal feed additives have long profited from the rising global demand for responsible and healthy food and the growing emphasis on animal nutrition and health. Feed additives market has always been influenced by growing demand for meat products, which represents a key end-use segment animal feed additives.
Consumption of meat across the globe has increased substantially over the years, thereby transforming feed additives into lucrative business product. Animal feed additives have grown in popularity based on its vast medicated as well as non-medicated applications for poultry, pig, aquaculture, companion animals, and ruminant feed.
Cherished for its ability to foster the growth of healthy and profitable animal nutrition, animal feed additives lately has ignited interests of the medical community, given its potential to deliver sustainable production of healthy and delicious meat. However, the prolonged period of recent economic recession has slowed down the pace of growth in the global demand for agricultural crop serving feed, food, and fuel.
Spending on animal health products (such as biologics, pharmaceuticals and feed additives) to prevent and treat diseases in farm and companion animals also decreased considerably in 2008. Due to rising inflation and contracting disposable income, the consumer-spending pattern is fast shifting towards less-expensive meat products, which is severely squeezing the global revenues.
Despite this damper cast by the recession, the medium to long-term outlook for animal feed industry still remains encouraging, with growth fundamentals such as population, per capita meat consumption, and consumption in developing nations, expected to display resurgence in the upcoming years and drive growth in the post recession period. Increasingly health-conscious consumers, continued breakthroughs, especially in research and clinical applications areas, and expanding commercial applications will ensure sustained growth in the global animal feed additives market over the next few years.
Extending the required impetus to market growth are recent advances in finding more scientific formulations, new molecules, and use of biotechnology, genetically modified organisms (GMOs), and natural/herbal products to enhance animal productivity. Developments in feed manufacturing technology and new feeding concepts also unraveled possibilities to manufacture a range of novel feed additives. Since the ban on antibiotics, livestock producers have been seeking ways to promote animal production and deliver similar benefits offered by antibiotic growth promoters, thus translating into a strong business case for alternative feed additives.
As stated by the new market research report on the Animal Feed Additives market, the U.S., Europe, and Asia-Pacific markets have been the traditional contributors to the overall market, having accounted for a combined share of 73.5% of the total revenue generated in 2009. The U.S. represents the largest market worldwide followed by Europe, and Asia-Pacific. Latin America, although a small market, displays the fastest CAGR over the analysis period 2007-2015.
While the animal feed antibiotics/antibacterials market is the largest product segment, having contributed a share of about 27.89% in the total market revenue generated for the year 2009, the animal feed amino acids market is the fastest growing product segment displaying a CAGR of 5.21% over the analysis period 2007-2015.
Key players in this marketplace include Adisseo France SAS, Ajinomoto Co. Inc, Alpharma Inc, Alltech Inc, Archer Daniels Midland Company, BASF SE, Biovet JSC, Cargill Inc, Chareon Pokphand, Chr. Hansen A/S, Danisco A/S, DSM Nutritional Products, Elanco Animal Health, Evialis SA, Evonik Industries AG, Kemin Industries Inc, Kyowa Hakko Kirin Co. Ltd, Lallemand Inc, Lesaffre Feed Additive, Lonza Group Ltd, Novozymes A/S, Novus International, Nutreco Holding NV, Phibro Animal Health Corporation, Provimi Holding B.V, Tessenderlo Group, and The Mosaic Company, among others.
The report titled "Animal Feed Additives: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a review of noteworthy market trends, growth drivers and challenges. The report in addition also enumerates product introductions, recent acquisitions, and other strategic industry activities.
The report offers latent demand estimates and projections in value sales (in U.S. $ million) for world animal feed additives market by product segments, such as, Antibiotics/Antibacterials, Vitamins, Minerals, Amino Acids, Pre-Mixes, and Other Animal Feed Additives and geographic markets such as U.S., Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia Pacific, Middle East, and Latin America.
For more details about this market research report, please visit -
http://www.strategyr.com/Animal_Feed_Additives_Market_Report.asp
Source: Global Industry Analysts (GIA)