Transparency Market Research has announced the addition of the "Animal Feed Additives Market (Product, Livestock, Geography) - Global Industry Size, Analysis, Growth, Trends, Share, Opportunities and Forecast 2013 - 2020" report to their offering.
Albany, NY -- (SBWIRE) -- 04/14/2014 -- According to Transparency Market Research “Compound Feed Market and Feed Additives Market: Global Analysis and Forecast (2007 – 2017)”, Global Compound Feed Market is estimated to be USD 257 billion in 2012 and expected to reach USD 380.5 billion in 2017 at a CAGR of 3.72% over the period 2012 to 2017. The worldwide feed additives market is estimated to reach US$15.1 Billion in 2012 and is expected to reach USD18.3 Billion by 2017 at a CAGR of 3.86% over the period 2012 to 2017.
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Swine feed would account for the largest share at 31% of compound feed market in 2012. Swine feed will be the fastest growing segment at CAGR of 3.92% during 2012 to 2017. Swine feed segment will be worth USD 81.1 billion in 2017. Feed Amino Acids would account for the largest share at 30% of feed additives market in 2012. Feed Amino Acids will be worth USD 5745 million in 2017. The feed acidifiers segment is expected to have the highest growth rate of 5.98% during 2012 to 2017. - Transparency Market Research
Compound feed accounts for 70% of the production costs of livestock. Thus compound feed has a significant impact on the farmers’ production costs and returns as the use of compound feed ensures the increased supplies of meat, eggs and milk. Compound feed grew significantly worldwide over the past five years with the growth rate of 3.94%. Swine feed is expected to account for the largest share i.e. 31% of global compound feed spending at USD 81.1 billion in 2012. Other subsectors contributing to the remaining stake of compound feed include cattle feed, poultry feed, aqua feed and other animals which consists of sheep, goat, horse etc.
North America is consistently maintaining its leadership in compound feed market with revenue market revenue of USD 72.3 billion in 2010. Asia has the most promising growth potential for the compound feed industry as the consumption of animal derived products is increasing on account of their rise in disposable income.
Scope and Overview
The objective of the study on “Compound Feed Market: Global Analysis and Forecast” is to gain detailed market insights for key compound feed segments. The market is analyzed on the basis of growth trends, ongoing developments, market penetration and revenue share.
The compound feed industry plays a major part in food chain which provides sustainable and nutritious food. The major forces driving the compound feed market are increase in the use of animal derived products in direct human consumption due to growing population and rising disposable income in developing countries.
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