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Animal Feed Additives Market Share, Size,Growth, Key Players,
Outlook and Forecasts to 2022 | Hexa Research
“ Animal Feed Additives Market Worth $21.9 Billion By 2022”
2 January 2018
Global animal feed additives market size was estimated at USD 16 billion in 2014. Growing meat consumption
as a key protein source, especially in Asia Pacific and Latin America is expected to be a key driver for market
demand over the forecast period. Increased focus on product innovation, resulting in high R&D spending is
expected to provide new growth opportunities to industry participants.
High degree of regulatory intervention in developed markets of North America and Europe, coupled with raw
material supply issues are expected to challenge product growth over the next seven years. Asia Pacific and
LATAM animal feed additive markets, which are comparatively less regulated, are expected to reach USD 7.2
billion and USD 2 billion by 2022, respectively.
With frequent regulatory updates and increasing R&D spending, the global feed additive industry is
constantly evolving. In recent times, there has been a significant increase in mergers, acquisitions and
partnerships among market participants, in order to enhance product portfolio, gain access to regional
markets and to avail synergetic benefits, As a result, we have witnessed companies increasing their presence
across the value chain by integrating and diversifying their product portfolio.
Browse Details of Report @ https://www.hexaresearch.com/research-report/animal-feed-additives-
industry
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