Global Compound Feeds and Additives Market Is Expected to Grow at a CAGR of 7.2% by 2022
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Deerfield Beach, FL -- (SBWire) -- 02/09/2016 --Global Compound Feeds and Additives Market Outlook (2014-2022)
The Global Compound Feeds and Additives Market accounted for $106.1 billion in 2014 and is expected to reach $184.8 billion in 2022 growing at a compound annual growth rate (CAGR) 7.2% from 2014 to 2022. Compound feeds are food products manufactured for animals and additives are the supplements used in compound feeds for improvements of health and productivity of animals. Factors that are influencing the market growth include rise in meat consumption, rise in disposable income and rise in demand for animal proteins in some regions. Whereas factors such as price instability and unsteady supply of raw materials are hindering the market growth. Amino Acids, Vitamins, Acidifiers and Antibiotics accounts 45% of the global feed additives market share.
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The Global Compound Feeds and Additives Market is segmented by product type and geography. The compound feed market is segmented on the basis of product type as: Cattle Feed, Swine Feed, Poultry Feed, Aqua Feed and Pet Feed. The feed additives market is segmented by Vitamins, Enzymes, Antibiotics, Amino Acids, Antioxidants, Feed Acidifiers and Anti-Infectives. By geography, it is segmented into North America, Europe, Asia Pacific and Rest of the World. The market is led by North America which has the largest share.
The major players in Compound Feeds and Additives Market include Adisseo France S.A.S, Nutreco N.V., Evonik Industries AG, Novozymes A/S, CHR. Hansen Holdings A/S, Basf Corp., Nwf Group plc, Rumenco Limited, AB Agri Limited and Hill's Pet Nutrition.
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