Feed Additives Market worth 20.71 Billion USD by 2021

The report "Feed Additives Market by Type (Antioxidants, Acidifiers, Antibiotics, Vitamins, Minerals, Enzymes, Amino Acids & Binders), Livestock (Swine, Poultry, Ruminants, & Aquatic Animals), Form, Function, & by Region - Global Trends & Forecast to 2021", The feed additives market is projected to reach a value of USD 20.71 Billion by 2021, at a CAGR of 4.3% from 2016 to 2021. The market is driven by factors such as increasing livestock population, increasing demand of meat and other animal products, implementation of innovative animal husbandry practices to improve the quality of meat, and standardization of the animal feed industry. The high growth potential in emerging markets and untapped regions provides new growth opportunities for the market players.

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This report includes a study of marketing and development strategies, along with the product portfolio of leading companies, such as Cargill, Incorporated (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Evonik Industries (Germany), DSM N.V. (The Netherlands), InVivo NSA (France), CHR Hansen (Denmark), Adisseo France SAS (France), Altech Inc. (U.S.), and Nutreco N.V. (The Netherlands).                 

Enzymes segment is projected to be the fastest-growing market on the basis of type from 2016 to 2021

The enzymes segment is projected to grow at the highest CAGR from 2016 to 2021. It provides a wide range of health benefits to the livestock such as maximizing the nutrients availability which is essential for cell growth and repair. 

Aquatic animals segment, by livestock, depicted as the fastest-growing segment in the feed additives market

The aquatic animals segment is one of the major segments in the feed additives market. It is gaining substantial position in the feed additives market due to increasing rearing of aquatic animals and demand of fish and other aquatic animal products. 

Significant growth for feed additives observed in the Asia-Pacific region

Asia-Pacific has a high growth potential for feed additives. This region has many emerging countries, such as China, India, and Japan. Moreover, factors such as adoption and implementation of innovative animal husbandry practices to improve the quality of meat are driving the growth in the feed additives market in this region.