Animal Feed additives are products or substances that are used for improving the animal health. The feed additives are added in various forms and in varying doses depending on the animal. The global animal feed additive market, valued at $14.9 billion in 2013, is estimated to reach $20 billion by 2020. The increase in global meat consumption is the major driving factor that has augmented the demand for animal feed and feed additives market. The demand for low cost meat with superior nutritional value throughout the globe is the other driving factor in this market. The major limitation of this market is the differences in regulations among countries that have an adverse effect on the worldwide meat market, particularly in the developed and developing nations. The amplifying demand in the Asia pacific market for feed additives, which is due to the rising meat production and export is proving to be an opportunity for this market.
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The livestock segment of the animal feed market is segmented into pork, seafood, cattle and poultry. The Poultry segment is the highest revenue generating market among the segments. This is due to increase in demand in developing nations, which is the highest poultry meat producing region. The leniency in the regulations for this market has also contributed to the increase in demand and has encouraged the multinational companies to invest in this market, thus making the market even more competitive.
The geography segment of the animal feed market is segmented into North America, Europe, Asia Pacific and LAMEA. The geography market is dominated by the Asia Pacific region. This is due to the increase in demand for meat and various animal products, thus increasing the demand of feed additives in these regions. The European market is expected to have the highest CAGR compared to the other regions during the analysis period. This is due to the increase in regulatory concerns and increase in meat consumption in this region.
Table Of Content
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 GLOBAL FEED ADDITIVES MARKET, BY LIVESTOCK
CHAPTER 5 GLOBAL FEED ADDITIVES MARKET BY TYPE
CHAPTER 6 GLOBAL FEED ADDITIVES MARKET, BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILE
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