Feed Additives Market - Global Trends & Forecasts up to 2017.

Feed additives are combination of pharmaceutical or nutritional substances which are not of natural origin and are added to prepare and store feeds. Feed additives are gaining importance due to various functions such as growth promotion, controlling infectious diseases, and enhancement of feed digestibility. The global animal feed additives market is growing at a steady pace and the market is expected to grow in the future due to the increasing demand for meat and meat products around the globe.Various infections like bird flu, other diseases like foot-and mouth-disease, and environmental concerns have led to an increase in concern over animal health round the globe, due to which meat producers have increased their focus on feed quality and certification.

The market of animal feed additive is growing steadily due to different causes such as an increase in rate of meat and meat product consumption.The demand driving factors are increasing mass production of meat, industrialization in meat production, increasing demand for protein rich meat products, increasing awareness about meat quality and safety, and livestock disease outbreaks. The restraining factor is the rising cost of raw materials. However increasing cost of naturally occurring feed products like soybean meals is an opportunity for this market. 

If we wants to know the figures about the feed additives market, we can see that  the global market for animal feed additives in terms of revenue was estimated to be worth around $15,600.0 million in 2011 and is expected to reach $19,501.9 million by 2017, growing at the CAGR of 3.8% from 2012 to 2017. Asia-Pacific and North America are the two top consumers of feed additives in the world. Growth is particularly high in emerging countries such as China, India, and Brazil due to increasing income levels and rising per capita meat consumption. U.S. is the largest market in North America.

The following image gives you the brief idea of the Feed Additives Market Share, By Geography , 2011

The main participants in global animal feed additives are The Netherlands, Denmark, United States and Germany. The global market experienced the fastest development in the areas of product innovation and new technologies with a focus on increasing efficiency in livestock production. The leading companies expanding their business across various regions of the world as well as setting up new plants to increase the production line and production capacity. The Asia-Pacific region is the most targeted area set by the major investment by European Companies.