Due to increasing health concerns, consumers are becoming aware of the health benefits of animal protein. They are ready to pay premium amounts for hygienic processed food. However, the food processing industry is experiencing a void between the demand and supply for animal protein-based food products such as dairy food, confectionery, beverages, meat, and clinical food.

The North American cattle feed market had been valued at $25.4 billion in 2013, and is projected to reach $35.4 billion by 2018. This market constitutes 18.4% of the global cattle feed market and is expected to grow at a CAGR of 6.9% during the forecast period 2013 to 2018.

Download PDF Brochure @
http://www.micromarketmonitor.com/contact/6167073789-download_pdf_brochure.html

Feed additives are substances, microorganisms, or preparations, other than feed material and premixes, which are intentionally added to the feed or water in order to perform, in particular, one or more of the functions. The presence of feed additives helps to enhance production and increase the profitability of the owner. Feed additives are categorized into different classes, such as antibiotics and antimicrobials, anthelmintics, probiotics, prebiotics, enzymes, etc.

The global feed market was about 954.4 million tons in 2012. China is the largest producer of animal feed, and Asia-Pacific is the biggest producer of animal feed globally that produces about 37% of the global animal feed. Asia-Pacific is followed by Europe that contributes about 21% of the total animal feed production.

Globalization and the increasing per capita income have led to a change in the lifestyle of the middle class population. Consumers are becoming aware that the consumption of healthy food plays a vital role in improving immunity towards diseases, and also reduces the risk of diseases such as cancer, cardiac disorders, and renal disorders, among others. They are exploring various options in food to suffice their daily nutritional requirements.