Feed additives market set to see hike in value of over $7bn by 2021: AMR

By Jane Byrne

- Last updated on GMT

© istock.com/NiroDesign
© istock.com/NiroDesign

Related tags Metabolism

A new report released by US data analysts, Allied Market Research (AMR), sees massive growth potential in the global feed additives segment. 

The sector is likely to be worth $20.3bn by the end of 2016, AMR analyst, Bhumika Tandon, told FeedNavigator.

And the AMR report forecasted the total value of the international feed additives market will be around $27.9bn in 2021, with a compound annual growth rate (CAGR) of 6.5%.

Amino acids are expected to continue to be the dominate segment up to 2021, with an expected CAGR of 7.2% in the forecast period. Lysine is set to see the fastest growth, said the researchers.

From a geographic perspective, the Asia-Pacific region is projected to occupy the highest market share, registering a CAGR of 6.2% up to 2021.

South Africa and Brazil are projected to grow with CAGRs of 7.2% and 6.8%, respectively.

The poultry market is expected to have the highest use of feed additives in the coming years. A hike in consumption of that meat globally along with growing quality concerns due to the recent outbreak of diseases have positively impacted the growth of the poultry feed additives market, according to the report.

Antioxidants, acidifiers and vitamins outlook

Looking at other additive segments, Tandon said feed antioxidants are expected to have a reasonable CAGR of 5.3% over the next five years.

“Feed antioxidants, which are primarily used to increase the shelf life of the feed by protecting it from oxidation and ensuring feed quality and safety, are also used to protect deterioration of other feed nutrients in the feed such as fat, vitamin, pigments and flavoring agents, thus providing nutrient security to the animals,”​ she said.

Feed acidifiers are expected to register healthy market growth in the coming years not only because of their importance in animal health management but also due to the ban on antibiotic growth promoters (AGPs) in the EU and the migration away from such drugs in the US, continued Tandon.

“Feed acidifiers play an important role in maintaining the overall health of livestock by improving gastric acid levels for proper digestion of the feed. They are gaining considerable attention in modern poultry farming to fight diseases that are triggered by different microbial factors from E.coli to Salmonella,”​ she noted.

Meanwhile, the animal feed orientated vitamin segment is expected to have a CAGR of 6% in the forecast period, added Tandon.

Trends over the past 12 months

Looking at developments in 2015, amino acids, vitamins and enzymes accounted for more than half of the share in the overall animal feed additives market, according to the report.

Methionine amino acid, a sulfur-containing amino acid responsible for triggering a wide variety of metabolic reactions, such as cell proliferation and development of healthy and productive livestock, captured the largest market share of 44% in 2015, found the researchers.

Non-starch polysaccharides (NSP) is the most widely used feed enzyme owing to its effect on the nutrient reabsorption, lipid metabolism, and immune system of animals, said AMR.

Swine feed additives and cattle feed additives together contributed about half of the overall market share in 2015, they added.

Related news

Show more

Related products

show more

A pioneer and leader in microbial fermentation

A pioneer and leader in microbial fermentation

Content provided by Lallemand Animal Nutrition | 05-Dec-2023 | Business Advice

For over 100 years we've been producing yeast and bacteria for a variety of markets, Lallemand has perfected the art of fermentation. As primary microorganism...

YeaMOS T—Special Yeast Cell Wall for Mycotoxin Bin

YeaMOS T—Special Yeast Cell Wall for Mycotoxin Bin

Content provided by Angel Yeast - animal nutrition | 11-Oct-2023 | Research Study

YeaMOS T, which has been strengthened the advantages of adsorption sites in the yeast cell wall and possesses excellent adsorption effect in the toxins.

Animal AgTech San Francisco, March 18-19, 2024

Animal AgTech San Francisco, March 18-19, 2024

Content provided by Animal AgTech Innovation Summit | 15-Aug-2023 | White Paper

Animal AgTech is the go-to meeting place for the meat and dairy supply chain to accelerate action for animal health and environmental stewardship.

Related suppliers

Follow us

Products

View more

Webinars