04 September 2019
Visiongain has launched a new food & beverage report: Animal Feed Additives Market Report 2019-2029 Forecasts by Product Type (Antibiotics, Vitamins (Vitamin A, Vitamin B, Vitamin C, Vitamin E) Antioxidants, Amino Acids (Tryptophan, Lysine, Methionine, Threonine, Others), Feed Enzymes (Phytase, Non-Starch Polysaccharides & Others), Feed Acidifiers and Others, by Livestock ( PORK/SWINE, Poultry, Cattle, Aquaculture and others) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis
Animal feed additives are the extra nutrients or drug added in the livestock. These additives include vitamin, amino acids, fatty acids, minerals, pharmaceutical, fungus or growth hormone. Animal feed additives impact the feed presentation, hygiene, digestibility of animal feed and effects intestinal health of animals. Increasing demand for food or animal origin, including meat, fish, milk, and eggs, in turn, is driving the demand for global animal feed additives. Further, animal feeds help in the preservation of gut health to reduce the need for antibiotics. Feed additives supplement animal feed with essential micro-ingredients for animal wellbeing and improved efficiency.
Companies are adopting modern manufacturing techniques for the production of high-quality animal feed additives. The importance of animal feed additives can be realized by the fact that feed represents about 85% of the production cost for poultry. By region, China is anticipated to hold the largest share in consumer feedstuff which is approximately 21% of the global market.
Digitalization and automation are expected to create a significant impact on the global animal feed additive market thanks to the strides made in AI, robotics, block chain, and big data technology. Further,
Some of the major companies operating in the global animal feed market includes AFB International, Alltech, Kemin Industries, Inc., Vitablend Asia Pacific Pte. Ltd., Kalsec, Inc., DSM, Ameri-Pac, Inc., BASF SE, Evonik Industries AG, FoodSafe Technologies, Lallemand, Inc., DuPont, Nutreco N.V., Elanco, Biomin Holding GmbH, Adisseo France S.A.S., Archer Daniels Midland, and Penny Newman.
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