Animal Feed Additives Market - Demand for Cattle-based Food Spurs Production Rates of Animal Feed Additives for Ruminants, Says TMR
Over half of the revenue from animal feed additives for ruminants in 2014 was taken up regional players. In this fragmented market, DSM, BASF, Danisco, and Elanco were the top players with a collective revenue share of 48.5% in 2014. According to Transparency Market Research, vitamins, minerals, feed enzymes, and amino acids are the most commonly produced animal feed additives for ruminants within the above key players. DSM, the leading provider in the world, specializes in vitamins, minerals, and feed enzymes. BASF holds a more diverse portfolio and includes trace minerals in its product profile. Growing Global Population Demands More Meat and Dairy, Increases Scope of Animal Feed Additives Use “The demand for animal-derived foods such as meat and dairy is increasing across the world,” states a TMR analyst. “This is pressuring the animal husbandry industry to increase the count of animals maintained as well as the yield of products. In the case of ruminants, more ...