Global Animal Feed
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Animal Feed Additives Market Overview
Animal feed additives are important component for the globally increasing meat
production sector. Animal Feed additives are mixed with basic feed to provide nutrition
and boost the overall growth of animal. Animal feed additives have benefits such as
improve the weight, accelerates feed digestion and prevent from various diseases.
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Major driving factor for animal feed additive market is the increasing meat consumption
globally. Other driving factor that fuel the growth of animal feed additive market is the
increasing demand for low price meat with high nutritional value associated with it.
Major constraint for the animal feed additive market is differences in the regulation in
different countries that affects global meat market adversely especially in developing and
Animal Feed Additives Market Size
Animal feed additive market value reached $14.9billion globally in 2013 which is
expected to reach market value $20billion by 2020. Animal feed additive market is
growing with healthy single digit CAGR of 4% from 2014 to 2020.Asia pacific is leader in
the animal feed additive sector that contributes 32.4% of the overall animal feed additive
market which is followed by Europe.
Asia pacific is anticipated to be rapidly growing market in the forecasted period owing to
the changing demographics, rising urban population, increasing disposable income and
busy lifestyles and increasing health awareness. These factors increase the demand for
animal proteins which further increase the...