November 6, 2015

 

Compound feeds and additives market now a $106-billion market -- report

 

 

The global compound feeds and additives have become a US$106.1-billion market as of 2014 and are expected to grow at a compound annual growth rate (CAGR) of 7.2% to $184.8 billion by 2022.

 

The report "Global Compound Feeds and Additives Market Outlook (2014-2022)", prepared by Market Research Store, said factors influencing the market growth include rise in meat consumption, rise in disposable income and rise in demand for animal proteins in some regions.

 

On the other hand, it added, such factors as price instability and unsteady supply of raw materials hinder market growth.

 

The report mentions amino acids, vitamins, acidifiers and antibiotics as constituting 45% of the global feed additives market. Other segments of the feed additives market are enzymes, antioxidants and anti-infectives.

 

North America has the largest share of the market, according to the report.

 

The compound feeds and additives market is dominated by big companies including Adisseo France S.A.S, Nutreco N.V., Evonik Industries AG, Novozymes A/S, Chr. Hansen Holdings A/S, BASF, NWF Group Plc, Rumenco Ltd, AB Agri Ltd, and Hill's Pet Nutrition.

 

Compound feeds are food products manufactured for animals and additives are the supplements used in compound feeds to improve health and productivity of animals.