Animal feed additives are the extra nutrients or drug for livestock. Feed additives consists amino acids, fatty acids, pharmaceuticals, steroidal compounds, vitamins, minerals, and fungal products. Animal feed is used for digestibility or intestinal health of animal, and to maintain hygiene of animal.
Increase in meat consumption is expected to boost the global animal feed additives market growth. Furthermore, rise in industrial livestock production will have the positive impact on global animal feed additives market growth. Moreover, increase in developments in veterinary medicines is expected to global animal feed additives market growth. In other hand, growing nutritional deficiency in farm animals will raise the need for animal feed additives, which is expected to global feed additives market growth.
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However, government regulations and policies regarding use of antibiotics in animal feed is the major restraining factor which is expected to hinder the growth of global animal feed additives market growth. Also, volatile raw material prices as well as increase in veganism will affect the growth of global animal feed additives market growth.
Global Animal Feed Additives Market Key players
Various key players are discussed in this report such as AFB International, Novozymes A/S, Novus, du Pont De Nemours and Company, Lesaffre, Nebraska Cultures, Inc, Lallemand inc, Cargil Incorporated, BASF SE, Elanco,Adisseo, and Alltech.
Global Animal Feed Additives Market Taxonomy
- Feed Enzymes
- Feed Prebiotics
- Amino Acids
- Fatty Acids
- Essential Oils
By End User
- Animal Shelters
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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