Now Investors Could Try Farming By Investing In Animal Feed Additive Market
7 Apr 2014
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.
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:
Adisseo France S.A.S
BIOMIN Holding GmbH
Author's Bio- Akhilesh Prabhugaonkar holds a bachelors degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.