Browse 70 market data tables and 54 figures spread through 165 pages and in-depth TOC on “Feed Additives Market"
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The feed additives market was valued at USD 17.4 Billion in 2014 and is projected to reach USD 21.8 Billion by 2020, at a CAGR of 3.9%. The amino acids segment dominated the feed additives market and accounted for a share of 24.7% in 2014. The driving factors of the feed additives market are the increase in global meat consumption, threat of diseases in livestock, increase in awareness of quality feed, industrialization of livestock industry, and the environmental impact of the meat and dairy industry.
The high growth potential in developing markets, advanced technology, and increase in demand for natural feed additives provide opportunities for emerging market players. Different regulatory structures, volatile economies, and increasing cost of operations are the major restraining factors for the market. Rise in the cost of raw materials for feed additives is a major challenge for the players in the market.
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The global feed additives market is segmented on basis of livestock into swine, poultry, cattle, aquatic animals, and others. By livestock, the poultry segment dominates the market and accounted for a share of 34% in 2014.
The feed additives market is highly fragmented with key market players driving the growth with new product developments, expansions, and investments to enhance their position in the market. Leading players in the market are involved in the research & development of innovative feed additives to attain a majority market share. The key players in this market are Cargill Incorporated (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), and Archer Daniels Midlands (U.S.).
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