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Current Position:Home » News » General News » Topic

Report details growing market for feed additives

Zoom in font  Zoom out font Published: 2012-08-10  Origin: globalmeatnews  Authour: Nicholas Robinson  Views: 190
Core Tip: The market for global feed additives is growing at an annual rate of 3.8% and is expected to reach US$17.5bn by 2018, according to a report released by Transparency Market Research.
According to the report, the feed additives market was worth US$13.5bn last year. Asia-Pacific is the leader in this sector in revenue terms and is expected to maintain the lead until 2018, when it will account for 32.4% of the global animal feed additives market, followed by Europe.

An increase in demand for meat and meat products has fuelled the growth of the global feed additives market over the past three years, said the report. Countries such as China, India and Brazil are contributing 23% to the market and are predicted to provide more than 39% in 2018.

The report breaks segments the animal feed market into several categories, including antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers and others. An estimated reach of US$1.6bn is expected from the feed acidifiers sector in 2018 – a growth of US$0.8bn. North America leads the amino acids market, holding 29.9% of the global market share, while China holds 49.5% of the market and is the leader in the Asia-Pacific region.

Contributors to feed additive use include, highlighted in the report, include the outbreak of disease, rising awareness of meat quality and the industrialisation of the meat industry.

keywords: Feed meat
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