Animal Feed Additive Market: Feed Additives are food supplements for farm animals that cannot get enough nutrients from regular meals that the farmers feed them with. With this shortage, some animals might not grow properly. They may fall sick often; can develop severe illness; can have low resistance leading to an early death etc. Thus the Feed Additives are manufactured with vitamins, amino acids, fatty acids and minerals which act as an external source of providing the animals with immunity and energy.
The basic aim of these supplements is to improve the quality of food and the animal’s health and performance. The not only help in improving the growth of the animal but also provide them with immunity from infectious diseases.
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Market Growth Trends:
Poultry market is estimated to be the largest market for feed additives and the second position is taken by the Swine market. The global additive demand for poultry was $5.5m in 2012 and is estimated to grow at a CAGR of 4.4% from 2014 to 2020. Feed acidifiers are expected to continue gaining popularity, primarily due to their part in optimizing feed utilization, thereby reducing cost.
Geographical Analysis by IndustryArc:
APAC and North America comprise of more than 60% of the total market share and remain the largest market for the animal feed additives. APAC countries like Brazil, China and India are the major countries where the animal feed market is growing rapidly. By 2020, APAC is estimated to lead the market followed by North America and South America.
Market Driving Factors:
•Growing awareness among people towards safety and quality of meat that they consume.
•Rise in the global consumption of meat and recent disease outbreaks in livestock.
•These additives serve multiple functions in one package.
•Rising raw materials
•Regulatory schemes adopted...