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Feed additives market to reach US$15.4 Billion by 2010

by 5m Editor
10 July 2007, at 11:28am

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. In the US the additives market is expected to reach US$15.4 billion by 2010.

The livestock industry has been under the spotlight for its use of antibiotics as growth promoters and issue that garnered immense attention and resulted in the EU ban on the use of Antibiotic Growth Promoters (AGPs) from January 2006.

Growing concerns about drug-resistant 'superbugs' in humans and animals prompted the controversial decision. However, the restrictions has spurred growth in alternatives, such as feed acidifiers and probiotics. Enzymes are another category that have a bright future since they can also reduce phosphorous 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 growth will be 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 per cent of total output. In the US, segments such as feed antibiotics, vitamins, and enzymes are dominated by leading five players. The global landscape is characterised by a number of regional and international players.

Animal Feed Additives: A Global Strategic Business Report, provides a comprehensive review of market trends, drivers, challenges, product profiles, competition, recent developments, and other strategic industry activities. It includes analysis for major geographic markets, including United States, Japan, France, Germany, the UK, Asia, Latin America and the Middle East. Value analytics are provided for key segments including antibiotics, vitamins, minerals, amino acids, pre-mixes, and other feed additives.

To review the Global Strategic Business Report Animal Feed Additives, click here

5m Editor