Animal Feed Additives Market Expected to Expand at a Steady CAGR through 2025

Animal Feed Additives Market Overview
Animal feed additives are important component for the globally increasing meat production sector. Animal Feed additives are mixed with basic feed to provide nutrition and boost the overall growth of animal. Animal feed additives have benefits such as improve the weight, accelerates feed digestion and prevent from various diseases.

Major driving factor for animal feed additive market is the increasing meat consumption globally. Other driving factor that fuel the growth of animal feed additive market is the increasing demand for low price meat with high nutritional value associated with it. Major constraint for the animal feed additive market is differences in the regulation in different countries that affects global meat market adversely especially in developing and developed countries.

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Animal Feed Additives Market Size
Animal feed additive market value reached $ 14.9billion globally in 2013 which is expected to reach market value $ 20billion by 2020. Animal feed additive market is growing with healthy single digit CAGR of 4% from 2014 to 2020.Asia pacific is leader in the animal feed additive sector that contributes 32.4% of the overall animal feed additive market which is followed by Europe. Asia pacific is anticipated to be rapidly growing market in the forecasted period owing to the changing demographics, rising urban population, increasing disposable income and busy lifestyles and increasing health awareness. These factors increase the demand for animal proteins which further increase the demand for animal feed additives.

Animal Feed Additives Market Segmentation
On the basis of product type animal feed additive is segmented into Antibiotics, Vitamins, Antioxidants, Amino acids, Feed enzymes, Acidifiers and others. On the basis of geography animal feed additive market is segmented into North America, Latin America, Western America Eastern Europe, Asia pacific, Japan, Middle East and Africa. On the basis of livestock global feed additive market is segmented into cattle, poultry, seafood, pork. Antibiotics contributes 26.6% of the total feed additive market which is anticipated to decrease in the coming years. In 2013 Feed vitamins and amino acids contributed 8.9% and 31.5% market share respectively which is anticipated to show steady demand in the coming years. Feed acidifier market value in 2012 was USD 1.16bn and anticipated to grow at a CAGR of 6.4% from 2014-2020

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Largest demand for animal feed additive is among poultry segment. Demand for animal feed additive market is anticipated to increase in the forecasted period owing to the upcoming trend of consolidation and backward integration of poultry processors.

Animal Feed Additives Market Key Players
Key players in the global animal feed additive market are BASF SE, Adisseo France S.A.S, , Inc., BIOMIN Holding GmbH, Elanco Animal Health, Inc., DSM, Novus International, Inc., Nutreco N.V Kemin Industries and NovozymesAddcon Addcon Group GMBH. Key strategies adopted by the companies to increase the demand of animal feed additives are merger and acquisition, new products launch and partnership. With new product launches various animal feed additives are available that improve the meat quality, animal health.

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Global Animal Healthcare Market is expected to reach USD 41,929.1 million by 2019 : TMR

This market research report provides a comprehensive overview of the global animal healthcare market in terms of demand patterns, ongoing trends, market size, and future market forecasts. The report discusses the ongoing trends in the animal healthcare market, which have a direct impact on crucial market growth factors such as plans for investment, growth strategies, and innovation.

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The information and data compiled in this research report are based on primary and secondary sources of information and also includes vital inputs from industry experts and professionals. On the basis of tabular and graphical representations presented in this market study, one can clearly understand the growth path taken by the global animal healthcare market over the past couple of years.

The historical and present-day market data also enables us to analyze the market in terms of production capacities and resource utilization. This in turn throws light on demand and supply patterns. The report provides, with the help of qualitative and quantitative facts, a detailed account of the growing significance of animal health and the subsequent impact of various end-use segments on the global animal healthcare market.

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This report identifies the key participants in the global animal healthcare market and discusses each company in detail, covering information such as business strategies, recent developments, financial performance, product segments, strategic developments, and SWOT analysis.

Overview of the global animal healthcare market

According to this report, rising incidence of diseases in animals and their subsequent carry-over to human beings owing to consumption of animal products and animal companionship is the main factor that is contributing to the growth of the overall animal healthcare market. Surging global demand for milk and meat and growing population of dietary and companion animals are the other factors which drive the animal healthcare market.

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Rising consumption of meat can be attributed to high income levels, changing lifestyle patterns, and a high population growth rate. The growing trend of pet adoption also fuels the demand for animal healthcare products.

The research report segments the global animal healthcare market on the basis of animal type, product, and region. On the basis of animal type, the animal healthcare market is classified into production animals and companion animals.

Based on product type, this market is segmented into vaccines, feed additives, and pharmaceuticals. Owing to a rapidly growing animal population, the segment of feed additives holds the highest share within the product segmentation of the animal healthcare market.

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The segment of vaccines and pharmaceuticals is expected to expand in the forthcoming years owing to high focus on animal immunization and high incidence of animal diseases. Geographically, the global animal healthcare market is led by North America.

Companies mentioned in the research report

This research report identifies and profiles the following companies in the global animal healthcare market: Vetoquinol, Elanco Products Company, Boehringer Ingelheim Gmbh, Ceva Sante Animale, Virbac SA, Novartis Animal Health Inc., Bayer AG, Merial Ltd., Merck & Co. Inc., and Zoetis Inc.

Major geographies analyzed under this research report are:
Europe
North America
Asia-Pacific
Rest of the World

This report gives you access to decisive data such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years

Key highlights of this report
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Global Animal Healthcare Market is expected to reach USD 41,929.1 million by 2019

Animal Healthcare Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2019,” the global animal healthcare market was valued at USD 27,861.2 million in 2013 and is expected to grow at a CAGR of 7.1% from 2014 to 2019, to reach an estimated value of USD 41,929.1 million in 2019.

The Global Animal Healthcare Market is growing due to the increasing animal population of both types: companion and production. Companion animals are those which people tame or adopt for companionship, house/office guards and production animals are raised for meat and milk-related products.

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Increasing global consumption of meat and milk, new diseases in animals and their transfer to humans via their product consumption and companionship are propelling the animal healthcare market globally. The changing lifestyle, increasing per-capita income level and growing population have led to an increase in meat consumption globally. Demand for protein rich food such as meat, eggs and milk, is rising and it is increasing the number of animal farms globally. The healthcare expenditure in farms is increasing, due to the increasing number of animals and the growing concern for their health.

According to the European Food Safety Authority (EFSA), around 3,20,000 cases of food-borne and zoonotic diseases are reported each year in the European Union. Campylobacteriosis was the most-commonly observed zoonoses in animals which affected 220,209 people in 2012 in the European Union (EU) countries, due to the consumption of infected broiler meat.

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Some challenges have emerged in the form of regulations against the excess use of antibiotics in production animals, and legislations and protest of animal activists and institutions against animal research.

Feed additives had the largest share among the product segments in the animal healthcare market. The other two segments included pharmaceuticals and vaccines. While the feed additives market is growing mainly due to the increasing production of animal population, the pharmaceuticals and vaccines segments are being driven by the increasing incidence of animal diseases and increasing concern for animal immunization against diseases.

Among the regions, North America dominated global sales with 31.7% share in 2013, followed by Europe and Asia-Pacific. North America is expected to continue with its leadership position by 2019, but it is expected to witness a fall in market share, due to increase in the market share of Asia-Pacific. The animal healthcare market in Asia-Pacific had the highest growth rate during 2010-2013 due to the increase in the population of both production and companion animals. The region is also estimated to continue with the highest growth rate during 2014-2019. The increasing population and income levels in China and India are encouraging pet adoption as part of the western culture among the middle- and upper-class population in these countries. This offers opportunities for the animal healthcare market in the region.

Global animal healthcare market is fragmented with the top 10 players accounting for less than 75% share. The market is highly volatile with a lot of mergers, acquisitions and joint ventures taking place in the last few years. The competition is expected to reduce in the long run in the animal healthcare market due to increasing consolidation activities taking place. However, the changing regulatory environment in this domain and emergence of regional and country-specific companies, may introduce competition of a new dimension in the global market.

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The animal healthcare market is segmented as follows:

Animal Healthcare Market, By Product
Feed additives
Pharmaceuticals
Vaccines

Animal Healthcare Market, By Product
Companion animals
Production animals

Animal Healthcare Market, By Region
North America
The U.S.
Europe
France
Germany
Italy
The U.K.
Asia Pacific
Australia
China
India
Rest of the World (RoW)
Brazil

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.