SAN FRANCISCO, July 9, 2015 /PRNewswire/ --
The global animal feed additives market is expected to reach USD 19.54 billion by 2020, according to a new study by Grand View Research, Inc. Growing protein demand, especially in Asia Pacific and Latin America, is expected to be a key driver for additive demand over the next six years. In addition, various disease outbreaks in livestock animals such as swine flu and foot & mouth diseases in the past decade have led to increased regulations on meat quality and safety which further has prompted the use of feed additives. Raw material and product cost concerns, especially over specialty products such as enzymes, acidifiers and trace minerals is expected to be a key issue for market participants over the next six years.
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Browse full research report with TOC on "Animal Feed Additives Market Analysis By Product (Antibiotics, Vitamins, Amino Acids, Acidifiers, Feed Enzymes and Antioxidants), By Livestock (Pork, Sea Food, Poultry and Cattle) And Segment Forecasts To 2020" at: http://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market
Amino acids such as lysine, methionine, tryptophan and threonine emerged as the leading product segment, accounting for 31.2% of total market revenue in 2012. Amino acids are essential for the growth of animals, especially swine and poultry. Industrial lysine also has advantages over its natural substitute (soybean) which has been driving the global market. Amino acids were followed by antibiotics which accounted for 26.8% of total market revenue in 2012. Antibiotics have been banned in the U.S. and in Europe, and are expected to witness demand primarily from unregulated markets, especially in Asia and Latin America. Feed acidifiers are expected to be the fastest growing products in the overall market, at an estimated CAGR of 6.4% from 2014 to 2020.
Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/food-and-beverages
For the purpose of this study, Grand View Research has segmented the Animal Feed Additives Market on the basis of product, livestock and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc
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Email: sales@grandviewresearch.com
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