Compound feed contains nutrients and energy sources essential for the health and growth of the animal. The common ingredients of feed are mineral sources, energy sources, protein sources, etc. However, not all nutritional requirements of the animal can be met with the common raw materials such as soybean meal, soy protein concentrate, fish meal, fish oil, rice bran, wheat, corn gluten, etc. Also, these raw materials do not provide defense against diseases. Hence, feed additives are used in animal nutrition to improve characteristics of the feed for animal health benefits by improving feed digestibility and increasing nutritional content and feed palatability. To achieve desired high yield output, livestock producers are putting external inputs in the form of feed additives for animals other than normal feed such as cereal crops. A variety of feed additives are blended with the feed in varying quantities, depending on the livestock as well as the surrounding environment and its impact on the animals.
The global animal feed additive market is primarily dependent on the type of feed, the type of animal/livestock and the regulatory structure in the market. The industry is witnessing favorable market trends such as rising demand for high protein diets, especially in the developing economies of China and Brazil where per capita income is also rising rapidly. The demand for feed additives is also rising because of increasing facilities for mass meat production.
Animal disease outbreaks such as H1N1 (Influenza A) have resulted in increased concern over meat quality and safety, and are driving the growth of feed additives for better animal health and disease protection. The regulatory ban on antibiotics as growth promoters in Europe and U.S. has had a negative impact on market growth in these regions. Such a ban on antibiotic usage is affecting the global meat trade between developed (U.S. and Europe) and developing (Brazil, India, and China) nations because of regulatory disparities. The overall outlook of the animal feed additive industry is positive, where new business opportunities in the form of better product development and increasing sales of feed additives other than antibiotics are expected in the near future.
Asia-Pacific and North America are the top two consumers of feed additives in the world, where Asia-Pacific alone accounts for a 41% share of the global feed additives market. The European market is one of the largest due increased health awareness of meat quality, and the shifting meat consumption trend towards poultry and pork which require high feed additive inputs.
1.2. Definition of the market
2. KEY FINDINGS OF THE STUDY
3. MARKET ANALYSIS
3.1. Livestock Industry Trend
3.2. Meat Industry Trend
3.3. Price trend Analysis
3.4. Threshold matters of the Industry
3.5. Factors Affecting the Global Compound Feed Market
3.6. Porters Analysis
3.6.1. Bargaining power of Buyers
3.6.2. Bargaining power of Suppliers
3.6.3. Degree of Competition
3.6.4. Threat of new entrants
3.6.5. Threat of Substitutes
3.7. Global Regulatory Environment-Impact Analysis
3.8. Value Chain Analysis
4. Share of Probiotics & Prebiotics in Global Feed Additives Market
4.1. Animal Feed Additives Market (Market Sizes by Value & Volume, CAGR)
4.1.2. Amino Acids
4.1.7. Probiotics & Prebiotics
5. Geographical Segmentation (Market Sizes - Volume/Value, CAGR)
5.1. North America
5.4. South America
6. The future of the industry-Expert View
7. Key players profile (15 Companies)