Market Research Future (Food and Beverages) Feed Additives Market | Page 3

Feed Additives Market Research Report- Forecast Till 2023
2 Market Overview
Feed additives have gained status globally, as they improve the quality as well as quantity produced by the animals.
Changing lifestyle and consumer’s growing preferences towards a healthy diet, natural products, and increasing
meat consumption are the key drivers for the market. Growing health concerns among the increasing global
population together with increasing awareness about the benefits of feed additives are expected to foster the demand
for feed additives.
Asia Pacific is witnessed to dominate the market and reached the market share of USD 9,982.2 million in the year
2017 based on increasing consumption of meat and poultry products in this region. Production of feed additives from
North America is projected to witness a high growth rate of 7.16% during the given period owing to high investment
in the agricultural and livestock sector in this region.
Based on the type, amino acids are dominating the market and is projected to hold a major share of 40.19% in the
global market. Asia Pacific is dominating the market in the production of amino acids in which China is the major
contributor. However, North America is the fastest growing region in the production of amino acids at a CAGR of
6.92% over the forecast period.
Intended Audience:
 Feed additives manufacturers
 Livestock industry
 Traders, importers, and exporters
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