Animal feed additives market share research by applications and regions for 2017-2024

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Animal feed additives market trends research and
projections for 2017-2024
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Animal feed additives market

• Animal feed additives market size worth USD 16.11
  billion in 2014, is expected to grow at a CAGR of
  3.7 over the period of 2015-2022. Rise in meat
  consumption of livestock such as poultry, cattle,
  and swine as a protein source is expected to
  boost the global industry trends over the coming
  years. Animal feed additives such as minerals,
  vitamins, fatty acids, and amino acids enhances
  metabolism and weight gains of the livestock.
• Livestock production estimated at 305 million
  tons in 2014, is expected to increase
  significantly over the coming years and will
  drive animal feed additives market growth.
  Furthermore, increase in meat consumption due to
  growing purchasing capacity and population base
  is expected to drive the global animal feed
  additives industry size over the next few
  years.Asia Pacific meat production sector
  contributed over 41 of the overall demand in
  2014, while Europe and North America meat
  production industry contributed over 18 and 14
  of the overall demand in 2014.

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Continued...

• Based on the livestock, animal feed additives
  market is segmented into cattle, poultry, swine,
  and aquaculture. Animal feed additives market
  share in poultry worth USD 6 billion in 2014, is
  expected to witness high surge over the coming
  timeframe. The growth can be attributed towards
  rising health awareness along with strict
  monitoring of meat quality by the government due
  to increasing occurrence of diseases such as bird
  flu, etc. Animal feed additives industry size in
  aquaculture is expected to record a CAGR of 4.2
  over the coming six years.
• Amino acids market price valued at USD 5.3
  billion in 2014, is expected to grow
  significantly over the coming years. The growth
  can be credited to the use of threonine, lysine,
  methionine, and tryptophan in feed additives of
  poultry and swine.

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Europe animal feed additives market size, by
product, 2012-2022 (USD Million)

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360 Analysis

• Application Trends
• Strong trends towards growth in livestock rearing
  such as cattle, poultry and swine for consumption
  forming part of protein rich diet, should drive
  animal feed additives market size. Worldwide
  livestock production was over 300 million tons in
  2014 and has grown annually at close to 1.6 from
  2013. These products form significant part of
  livestock growth as they help in meeting
  nutritional standards required for weight gain
  and metabolism functioning.
• Regional Trends
• U.S. animal feed additives market may expect
  gains at over 3.5. Shift in towards organic meat
  consumption over processed products may affect
  regional growth. However, favourable regulatory
  policies by FDA and FFDCA should enhance product
  demand.
• Competitive Market Share
• Key industry players include DSM, Danisco, BASF,
  and Evonik. Other industrial participants include
  Addcon Group, Cargill, ADM, Adisseo France, Kemin
  Industries, Nutreco, and Biomin. Some of the
  companies are forming strategies to forward
  integrate and establish own distributing channels
  and enhance profitability by cutting resellers
  margin.

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