Report Description
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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Scope
Asia Pacific dominated the global animal feed additives market for ruminants accounting for more than 30% of the total market. The demand for feed additives in Asia Pacific is attributed to the rising demand for meat and dairy products in India and China. North America held the second largest market share in the global animal feed additives market for ruminants.
Key Players
DSM, Evonik Industries, BASF S.E, Elanco, and Novozymes, are some of the major players operating in the global animal feed additives market for ruminants.
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