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World Animal Feed Additives Market to Reach US$15.4 Billion by 2010
 

US - Growth in the global market for animal feed additives will stem from increasing population, rising standards of living, growing consumption of meat and meat products in developing countries, and consistent demand from the developed world.

Strongly influenced by demand for meat and meat products, the worldwide animal feed additives market is expected to reach US$15.4 billion by 2010.

Europe, Asia and North America are the leading consumers of animal feed while swine is the largest type of meat produced followed by poultry. An interesting point to note is that disease outbreaks such as avian flu, mad cow or foot and mouth disease have little impact on global demand dynamics since consumption does not cease but shifts from one species to another.

The industry has been under the spotlight for its use of antibiotics as growth promoters in the rearing process of livestock. The issue garnered immense attention from consumers and governments resulting in the EU completely banning use of Antibiotic Growth Promoters or AGPs from January 2006. Growing concerns about drug-resistant 'superbugs' in humans and animals due to indiscriminate use of antibiotics prompted the controversial decision. Restricted use of antibiotics has spurred growth in alternatives such as feed acidifiers and probiotics. Enzymes are yet another category that have a bright outlook since they reduce phosphorous content in manure.

United States, Europe and Asia are the three largest animal feed additive markets, collectively accounting for about 75 percent of the worldwide share. The US market is estimated at US$3.9 billion in 2007, while Asia is expected to grow at a CAGR of 4.6% through 2010. The animal feed antibiotics market is projected to reach US$4.2 billion by 2010. Although antibiotics were impacted due to a ban on their use as growth promoters, growth in the segment will be derived from therapeutic use. The animal feed amino acids market is estimated at US$3.4 billion in 2007, and is projected to record the fastest CAGR through 2010. In terms of production, the industry is dominated by the US followed by Japan, Mexico, Brazil and China.

The market is relatively concentrated with the top ten companies accounting for about 60 percent of total output. In the US, segments such as feed antibiotics, vitamins, and enzymes are dominated by leading five players. The global landscape is characterized by a number of regional and international players including Adisseo, Ajinomoto, Alpharma, Alltech, Archer Daniels Midland, BASF, Cargill, Chr. Hansen A/S, CJ Corporation, Danisco A/S, Degussa Feed Additives, DSM Nutritional Products, Eli Lilly's Elanco Animal Health, Evialis, Kemin Industries, Kyowa Hakko Kogyo Co, Lallemand, Lesaffre Yeast, Novozymes, Novus, Nutreco, Phibro, Provimi Holding and Tessenderlo.

"Animal Feed Additives: A Global Strategic Business Report" provides a comprehensive review of market trends, drivers, challenges, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Asia, Latin America and the Middle East. Value analytics are provided for key segments including Antibiotics, Vitamins, Minerals, Amino Acids, Pre-Mixes, and Other Animal Feed Additives (Feed Enzymes, Feed Acidifiers, Probiotics).

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