Albany, NY -- (SBWIRE) -- 05/15/2019 -- Animal feed additives offer varied functions that include control of infectious diseases and promote animal growth. Worldwide, the thriving meat production industry stands as the major consumer of animal feed additives. Among the emerging nations, such as Brazil, India, and China, rising income levels and increasing per capita meat consumption account for high demand for animal feed additives. The global animal feed and feed additives market is segregated on the basis of livestock, products, and geography.

Having easily comprehensible chapter-wise layout, supplemented with a collection of tables and graphs, the report systematically examines the analytics pertaining to product manufacturers, market size by segments, and demand by geography in the global market.

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Using primary and secondary research sources, the estimates and forecasts provided in the research report will help various entities in the animal feed additives market value chain to formulate growth strategy and gain competitive advantage in the overall market.

Animal Feed and Feed Additives Market in Developing Economies to See Notable Growth

The rate of meat consumption has especially increased in the emerging economies of India, Brazil, and China. These three nations accounted for nearly 23% of the total meat consumption in 2018. By 2026, their collective share is expected to reach 39%. This is a major increase in proportion, which is leading many players from the global animal feed and feed additives market to focus on these nations and similar others.

North America was leading the global animal feed and feed additives market's segment of amino acids in 2018. This region held a share of 29.9% in the amino acids segment in that year. Within the Asia Pacific region, China held 49.5% of amino acid animal feed additives in the same year, followed by Japan.

Asia Pacific is expected to lead the global animal feed and feed additives market in terms of growth rate as well as market share by 2026, suggest the authors of the report. In terms of market share, Asia Pacific accounted for 32.4% of the global animal feed and feed additives market in 2018, a share percentage that was closely followed by Europe. Europe is the second fastest growing region in the global animal feed and feed additives market.

For the given forecast period, the Asia Pacific animal feed and feed additives market is expected to progress at a 4.0% CAGR within the given forecast period.

Overview of the Global Animal Feed and Feed Additives Market

Worldwide, increasing consumption of meat and meat products is the major force for steady growth of the animal feed and feed additives market. Animal feed additives are substances that are added to basic feed mix so as to aid weight gain in livestock. These substances also prevent nutritional deficiencies and diseases, while improving feed digestion among animals, and thus improve meat production quality.

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The global animal feed and feed additives market is divided into four broad regions, namely North America, Latin America, Asia Pacific Excluding Japan, Europe, Japan, Oceania and Middle East and Africa. Of all the regions, Asia Pacific will maintain a leading position and is expected to enjoy 32.4% share of the revenue of the overall market in 2018.

Asia Pacific contributes significantly to animal feed additives sales globally and will exhibit exponential growth at a CAGR of 4.5% due to higher demand and sales.