Now Investors Could Try Farming By Investing In Animal Feed Additive Market
In ancient times, population relied on livestock for meat, eggs and milk. Slowly, livestock breeding turned into a profession and people started selling products such as meat, milk, eggs, leather, wool, skin and horn that were obtained from livestock. This holds true even today, so it won’t be wrong to say that livestock breeding is one of the oldest profession in the world. There are many people in world who still rely on livestock.
Further, many other people are indirectly dependent either on livestock or livestock products. Hence, there are a lot of investors who can look for investing in livestock market. One very important market that is growing as a result of rising livestock demand and related products is of animal feed additive market. In simple terms, animal feed additives are supplements mixed with animal food to improve their nutritional intake and provide them healthy living. To improve the quality of livestock products, additives are vital. Hence, additive are garnering importance.
Allied Market research published a report which walks you through the scope of animal feed additive market. The report stated that animal feed additive market would reach $20 billion, with a CAGR of 4.2% during 2013 – 2020.
- Rising demand in developing countries
- Rising concerns over the safety and quality of meat products
- Rise in import and export of meat products
- Favorable laws in developing nations
- Regulatory impositions in developed nations
- Rising prices of Raw materials
Types of animal feed additives are Antibiotics, antioxidants, vitamins, feed enzymes, amino acids and acidifiers.Amino acid is leading animal feed additive market as it helps animals to grow faster than other animal additive.
Livestock additive Market Segmentation:
Report segments animal feed additive market into
Poultry market is expected to have a highest share in animal feed additive market due to its rising demand in developing countries. Also, EU would register highest CAGR during the same span.
As per the report, animal feed additive market in terms of geographies consist of North America, Asia Pacific, Europeand LAMEA. Asia Pacific region is the leading player due to rising demand in developing countries.
There are many key players in animal feed additive markets. They are adopting various strategies such as agreements, product launch and mergers and acquisition.
Some of the key players are:
- Addcon Group
- Adisseo France S.A.S
- BASF SE
- BIOMIN Holding GmbH
- Kemin Industries
- DSM,Nutreco N.V
- Novus International
Research Analyst at Allied Market Research
Ranjan has over 4 years of experience in market research and consulting across multiple domains which include technology, FMCG and durable consumer goods, heavy machinery, and automotive. He has hands on expertise in predictive and exploratory research projects for studying regional and global demand potential, market estimation & forecast, perceptions; analyzing macro and micro markets in terms of key gaps and opportunities. Ranjan is part of multiple consulting as well as syndicated report assignments and is actively involved in all the stages of project completion from planning, execution to delivery as per clients satisfaction.
Food Traceability Technology Market Shows Positive Signs for Investors
You have Every Reason to Take the Beer Market Seriously