Animal Feed and Feed Additives Market Will Reach US$17.5 Billion by 2018


Posted December 2, 2014 by Alinajohn

The global market for animal feed additives was worth US$13.5 billion in 2011. The market is moderately growing at a CAGR of 3.8% from 2011 to 2018 and is further expected to reach US$17.5 billion in 2018. 

 
Browse the full report at http://www.transparencymarketresearch.com/animal-feed-and-feed-additives-market.html


In the past three years, there has been an increase in global demand for meat and meat products across the globe. This aspect has fuelled high growth into the global feed additives market, particularly in the emerging countries like Brazil, China, and India which together contributed approximately 23% in 2011, and is further expected to contribute 39% in 2018.

The report provides a cross-sectional analysis of various segments with respect to following geographical markets, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). Among the varied regions, Asia Pacific is expected to maintain its lead position in the global animal feed and feed additives market (in terms of revenue) till 2018. This region is expected to enjoy worth 32.4% of the global animal feed additives market revenue share in 2018, which will later be followed by Europe in the given forecast period, 2011 to 2018. As compared to other geographic regions in the world, the Asia-Pacific region is a major sales contributor of the global market for animal feed additives. The market is expected to rise exponentially at a CAGR of 4.0% owing to higher demand and sales.

The report also studies the global animal feed and feed additives market based on feed additives types, by livestock, and its different applications. Typically the animal feed additives market is categorized into vitamins, antibiotics, amino acids, feed acidifiers, feed enzymes, antioxidants, and others (NPN, Trace minerals), and more. Of all the feed additive types, the global feed acidifiers’ market segment is estimated to reach US$1.6 billion in 2018, rising from a value of US$1.0 billion in 2011. The overall market segment is growing at a CAGR of 6.3% from 2011 to 2018.

Moreover the North American region remains the leader in the amino acids market segment holding a 29.9% market share globally. While China within the Asia-Pacific market leads the overall Asia-Pacific region with 49.5% market share, followed by Japan. Within the regions of Europe, the U.K. stands at distant second, followed by Germany.

Feed additives are typically used in minor quantities, for instance in liquids, powder, injectable, and pellet forms. Multiple driving factors such as increasing demand for protein enriched meat products, industrialization in meat production, and rising awareness among individuals regarding the quality of meat are fuelling growth into the segment of feed additives such as vitamins, amino acids, and acidifiers.

In a broad view, animal feed additives can be segmented as nutritional and non-nutritional by nature. The global animal feed and feed additives market finds its applications in various spaces that enhance the feed quality, animal nutritional growth, and meat quality. Improving the feed quality remains the most popular revenue generating factor, followed by meat quality enhancement that holds around 21% of the global market share.

Nevertheless, feed additives are significant key players helping and maintaining the health and quality of meat production.

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Last Updated December 2, 2014