Browse 83 market data tables and 22 figures spread through 218 pages and in-depth TOC on Animal Feed Additives Market - Trends & Forecasts (2011 - 2018) - http://www.marketsandmarkets.com/Market-Reports/feed-additives-market-870.html.
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Animal feed additives are substances which are added to feeds for various purposes such as to control and prevent infectious diseases in animals, to enhance the rate of weight gain, ensure the supply of vitamins and other nutrients and avoid deficiencies, and enhance feed digestibility. Thus, feed additives optimize and maintainthe health of livestock which are finally consumed by humans. Main types of animal feed additives are antioxidants, amino acids, vitamins, feed enzymes and acidifiers. These additives are blended with the feed in varying quantities, depending on the type of livestock as well as the surrounding environment and its impact on the animals.
The driving factors of the demand for the animal feed additives market are industrialization in meat production, increasing global demand for protein-rich meat products, increase in global meat consumption, increase in awareness towards meat quality and safety, and recent outbreaks of diseases in livestock.The main restraints of the industry are the raising raw material cost and regulatory structure by the governments. 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 their production capacity.
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The global market for animal feed additives, in terms of revenue, was estimated to be worth around $16,183.0 million in 2012 and is projected to reach $20,233.2 million by2018, growing at the CAGR of 3.8% from 2013. Leading manufacturers are focusing on expansion of businesses across regions and setting up new plants for increasing production capacity and their product line. Leading industry participants are involved in mergers and acquisitions to penetrate the untapped markets of Asia-Pacific and Latin America.
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