Animal Feed Additives for Ruminants to Constitute Market Worth US$5.9 bn Globally by 2021

2024-12-24 12:47:20 Lifestyle

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The global animal feed additives market for ruminants is growing at a steady pace and has a promising future because of the rise in the demand for meat and dairy products. Feed additives are gaining a substantial amount of demand in animal feed for their nutrition and overall growth. Various diseases such as avian flu, mouth and foot diseases and the rising concern for animal health especially ruminants has increased the demand for animal feed additives for the same across the world.

Several coating technologies are used in animal feed additives which claim to increase the production rate of the agricultural animals which includes goat, cattle, sheep, buffalo, camels and others, all belonging to the ruminants category. Feed additives are coated in order to improve the milk and meat quality and to reduce the medication costs as well. Biologically active substances such as vitamins, amino acids and others when directly applied to the ruminants via oral procedure, gets degraded by the microorganisms in the rumen and thus they cannot be effectively utilized.

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Several types of coating technologies are used in feed additives for ruminants; Multi-Enzymes, Nano coated minerals and vitamins, Butyric Acid, Matrix encapsulated additives, 1-Monoglycerides, Mycotoxin Deactivators and several others. These coating technologies have been introduced so that they do not get degraded by the microorganism present in the rumen, thus ensuring effective utilization of the feed additives. Rumen-bypass preparations for the ruminant which protect the active substances from degrading in the rumen allow the active substance to be absorbed and digested in the digestive organs after the abomasum. This is imperative in the field of feed additives for ruminants and others.

The global animal feed additives market for ruminants have been segmented on the basis of product types; Vitamins, Probiotics, Prebiotics, Choline Chloride, Phytobiotics, Organic Acid, Polyunsaturated Fatty Acid, Non-Protein Nitrogen (NPN), Immunomodulators, Amino Acids, Feed Enzymes and others which includes Feed Acidifiers, Antioxidants, Trace Minerals and Antibiotics. Amino Acids dominated the global animal feed additives market for ruminants covering more than 20% of the total market in 2014 and is expected to remain the market leader throughout the forecast period. Amino Acids are considered to be a major ingredient in animal feed additives especially for ruminants. They are included in order to enhance the development of proteins in order to the quality and quantity of the meat. Lysine and Methionine are the major amino acids fed to the ruminants as feed additives. Vitamins held the second largest market share in the global animal feed additives market for ruminants in 2014.

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By, type, market is segmented into cattle buffalo and others. The others segment includes sheep, goat, deer etc. The cattle segment dominated the global animal feed additives market for ruminants acquiring over 80% of the total market. Rising concern for the health of the cattle along with the rising demand for meat is fuelling the demand for this segment. The buffalo segment held a minor market share in the animal feed additives market for ruminants, but it is expected to be the fastest growing segment during the forecast period.

On the basis of geography, market is segmented into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific dominated the market with a market share of over 30%, followed by North America and Europe. The demand for animal feed additives market for ruminants in Asia Pacific is attributed to the rising demand for the same in China and India. The increasing demand for dairy products in this region is expected to fuel the cattle feed additives market during the forecast period.

The global animal feed additives market for ruminants is marked by some intense competition from the major players operating in this market. DSM, Elanco, Novozymes, BASF S.E., Danisco, Evonik Industries, Alltech Inc. are some of the major players operating in the global animal feed additives market for ruminants.

The report has been segmented by product type, ruminant?s type, and geography and it includes description of coating technologies. The study highlights current market trends and provides forecasts from 2015 to 2021. We have featured the current market scenario for the global animal feed additives market for ruminants and identified future trends that will impact demand for animal feed additives for ruminants during the forecast period.

The global animal feed additives market for ruminants has been segmented into following types based on their product types including Vitamins, Probiotics and Prebiotics, Choline Chloride, Phytobiotics, Organic Acid, Polyunsaturated Fatty Acid, Non-Protein Nitrogen (NPN), Immunomodulators, Amino Acids, Feed Enzymes and Others including Feed Acidifiers, Antioxidants, Trace Minerals, Antibiotics. The market has been further segmented on the basis of ruminants type including cattle, buffalo and others including sheep, goat, deer etc.

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