Feed additives are now one of the coherent parts of the worldwide rising meat production industry. For improvising the overall growth of the animals, feed additives are mixed with the basic feed mix. Feed additives acts as a catalyst in improving rate of weight gain, prevention of diseases in animals, prevents vitamin deficiencies and improves feed digestion and conversion, thereby improving the quality of meat production.
Albany, NY -- (SBWIRE) -- 10/15/2015 -- 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.
The research is designed to evaluate the demand and performance of animal feed additives in the global scenario. The research report provides in-depth analysis of current market trends, drivers, and challenges to understand the course of the animal feed and feed additives market over the forecast period.
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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.
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.
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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With rising consumer awareness regarding quality and safety of meat due to recent livestock disease outbreaks combined with increasing meat consumption, the demand for animal feed additives has spiraled substantially. In emerging nations, rising disposable incomes and changing lifestyle have led to changed eating habits and in turn higher consumption of processed meat products. In 2011, Brazil, India, and China collectively held 23% of the global animal feed additives market and will likely contribute 39% in 2018. On the other hand, factors such as high raw material prices and regulations imposed by various governments to maintain feed quality restrain the growth of the market.
The global animal feed and feed additives market was worth US$13.5 billion in 2011 and will reach US$17.5 billion in 2018, growing moderately at a CAGR of 3.8% between 2011 and 2018.
The global animal feed and feed additives market is divided into four broad regions, namely North America, Asia Pacific, Europe, and Rest of the World (RoW). 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 4.0% due to higher demand and sales. By product type, feed acidifiers segment is expected to have a market valuation of US$1.6 billion in 2018 increasing from US$1.0 billion in 2011, reporting a 6.3% CAGR from 2011-2018.
Major Companies in Global Animal Feed and Feed Additives Market
Some of the major companies in the market are DSM (The Netherlands), Archer Daniels Midland Company (U.S.), Cargill, Inc. (U.S.), Evonik (Germany), BASF SE (Germany), and CHR Hansen A/S (Denmark).
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