MarketsandMarkets: Global Animal Feed Additives Market Worth $19.5 Billion by 2017
DALLAS, September 20, 2012 /PRNewswire/ –
The report “Animal Feed Additives Market by Types, Livestock & Geography – Global
Trends & Forecasts up to 2017″ published by MarketsandMarkets (
http://www.marketsandmarkets.com), defines and segments the global animal feed additives
market with analysis and forecasting of the global volume and revenue for the animal feed
additives. It also identifies the driving and restraining factors for the global market
with analysis of trends, opportunities, burning issues, winning imperatives, and
challenges. The market is segmented and revenue is forecasted on the basis of major
regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key
countries are covered and forecasted for each region. Further, market is segmented and
revenue is forecasted on the basis of types, ancillary supplements, livestock, and
Browse 96 market data tables and 55 figures spread through 314 pages and in-depth TOC
on “Animal Feed Additives Market by Types, Livestock & Geography -Global Trends &
Forecasts up to 2017″.
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Animal feed additives are substances which are added to made-up and stored feeds for
various purposes such as to control and prevent infectious diseases in animals, to enhance
rate of weight gain, ensure supply of vitamins and avoid deficiency, and enhance feed
digestibility. Thus feed additives maintain optimum health of livestock which are finally
consumed by humans. Major animal feed additives are antioxidants, amino acids, vitamins,
feed enzymes and acidifiers. These feed additives are blended with the feed in varying
quantities, depending on the livestock as well as the surrounding environment and its
impact on the animals.
The demand driving factors of the global animal feed additives market are
industrialization in meat production, increasing global demand for protein rich meat
products, increase in rate of global meat consumption, increased awareness towards meat
quality and safety, and outbreaks of livestock diseases. Major restraints of the industry
are raising raw material cost and regulatory structure. However, the increasing cost of
natural feed products is creating opportunities for the animal feed additives.
Environmental concerns and regulatory ban over some harmful additives are other
opportunities for animal feed additives. The manufacturers are developing innovative
production techniques to manufacture the product at lower cost and increase production
The global animal feed additives market in terms of revenue was estimated to be worth
around $15,600.0 million in 2011 and is expected to reach $19,501.9 million by 2017,
growing at the CAGR of 3.8% from 2012 to 2017. Leading manufacturers are focused on
expansion of the business across regions and setting up new plant for increasing
production capacity as well as product line. Major industry participants are involved in
mergers and acquisitions to penetrate in untapped markets of Asia and Latin America.
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