Boston, MA -- (ReleaseWire) -- 04/03/2014 -- Animal Feed Additives Market by Types (Antibiotics, Vitamins, Antioxidants, Amino Acids,Feed enzymes), Livestock (Swine, Poultry, Cattle, Aquaculture, Others) & Geography - Trends & Forecasts (2011 - 2018)
Animal feed additives are pharmaceutical or nutritional substances which are not of natural origin and are added to prepared and stored feeds. Feed additives are gaining importance due to various functions such asgrowth promotion, controlling infectious diseases and enhancement of feed digestibility in animals.The animal feed additives market is growing at a steady pace and the market is projected to grow in the future due to the increasing demand for meat and meat products around the globe. Epidemics such asbird flu, other diseases such asfoot-and mouth-disease, and environmental concerns have led to increase in concern over animal health around the globe,due to which, meat producers have increased their focus on feed quality and certification.
North America and Asia-Pacific are the top two consumers of feed additives in the world, together accounting for more than 60% of the consumption. Asia-Pacific is estimated to be the fastest growing region in terms of revenue. Growth is particularly high in emerging countries such as China, India, and Brazil, because of increasing income levels and rising per capita meat consumption.Poultry market is estimated to account for the market share for feed additives followed by swine. The driving factors of the global animal feed additives market are rise in global meat consumption, increasing awareness towards meat quality and safety, increasing mass production of meat, and recent disease outbreaksin livestock.
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The restraints of the market are, increasing raw material cost and regulatory structure. However, increasing cost of natural feed products is creating an opportunity for feed additives as a cheap alternative.Leading manufacturersare focusing on expansion of businesses across regions and setting up new plants for increasing their production capacity.
ANIMAL FEED ADDITIVES MARKET, BY TYPE, 2013 VS. 2018 ($MILLION)
1.1 SCOPE OF THE REPORT
This research report categorizes the global market for animal feed additives on the basis of Types, livestock, and geography; projectingrevenue and analyzing trends in each of the submarkets:
- Amino Acids
- Feed Enzymes
- Prebiotics & Probiotics
- North America
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