Global Compound Feed Market and Feed Additives Market to Reach US$380.5 bn and US$18.3 bn, respectively by 2017, Increasing Demand for Meat Drives Growth
Transparency Market Research (TMR) has recently published a research report on the global markets for compound feed and feed additives. The report is titled “Compound Feed Market & Feed Additives Market - Global Industry Size, Share, Segment and Geographic Analysis and Forecasts, 2007-2017.”According to the report, the global compound feed market is expected to rise at a CAGR of 3.72% between 2012 and 2017 and the global feed additives market is likely to report a CAGR of 3.86% during the same period. Analysts project the compound feed market and the feed additives market to reach US$380.5 bn and US$18.3 bn, respectively, by 2017.
Browse the full Compound Feed Market & Feed Additives Market - Global Industry Size, Share, Segment And Geographic Analysis And Forecasts (2007-2017) report at https://www.transparencymarketresearch.com/compound-feed-and-additives-market.html
Compound feed refers to food items produced especially for animals, such as fodder. Feed additives, on the other hand, are food supplements that are mixed in the compound feed to enhance the health and the productivity of animals. These products are important elements in livestock rearing, holding approximately a share of 70% in the total production cost incurred on livestock farming. The utilization of compound feed and feed additives has a significant impact on the production costs as their effective usage improve the quality and quantity of milk, meat, and eggs, ensuring considerable returns.
The demand for compound feed and feed additives has increased significantly in the recent past. The rise in meat consumption, growing demand for eggs and milk, and the increased awareness regarding the benefits offered by compound feed and additives are prompting livestock farmers to include them in the diet of animals, driving significant market growth.
The report presents a comprehensive analysis of the markets for compound feed and feed additives. In this study, both the markets have been separately evaluated on the basis of the type and the region. Based on the type, the global compound feed market has been classified into swine feed, poultry feed, cattle feed, aqua feed, and pet food. The swine feed segment is likely to dominate the overall market in the coming years, expanding at a CAGR of 3.92% during the period from 2012 to 2017. Analysts predict the segment to reach US$81.1 bn by 2017.
North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific including Japan have been identified as the key regional markets for compound feed in this study. North America led this market in 2010, attaining a value of US$72.3 bn in terms of revenue. However, Asia Pacific including Japan is likely to exhibit the most promising growth in the compound feed market over the next few years, owing to the increased consumption of livestock-based products in this region.
Vitamins, enzymes, additives, amino acids, feed acidifiers, antioxidants have been identified as the major types of feed additives available in the global market. The feed acidifiers segment is projected to exhibit the fastest CAGR at 5.98% between 2012 and 2017 and the amino acids segment is expected to reach US$5.7 bn by the end of 2017, states the report.
The competitive landscapes in the global markets for compound feed and feed additives have also been examined in this research report. Analysts have performed SWOT analysis on major market players to weigh out strengths and weaknesses of companies profiled and study opportunities and threats that they could face in the forthcoming years. According to the study, Land O'Lakes Inc., Nutreco, Cargill Inc., and New Hope Group are leading the worldwide markets for compound feed and feed additives.
The global markets for compound feed and feed additives is segmented into:
Global Compound Feed Market
- Cattle feed
- Poultry feed
- Swine feed
- Aqua feed
- Pet food
Global Feed Additive Market
- Amino Acids
- Feed Acidifiers
- North America
- Latin America
- Asia Pacific including Japan
- Middle East and Africa
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