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New Revenue Pockets - Animal Feed Additives Market
The animal feed additives market is a steadily growing and the companies are adopting new product launches as their growth strategy. Poultry is considered as a mainlivestock type that consumes feed additives,while swine breeding is estimated to be the second-largest consumer. Amino acid as a feed additive is gaining popularity. Companies operating in this market, such as BASF SE (Germany), Cargill, Inc. (U.S.) and CHR Hansen A/S (Denmark), are expanding their businesses by launching new products and technologies to enhance their penetration in the animal feed additives market.
With the differences being observed in the meat preferences of consumers and their increasing health concerns, inclusion of additives into the animal feed is becoming a largely adopted practice; but the rising cost of raw materials is becoming a hindrance in the development of the animal feed additives industry. The increasing global meat consumption proves to be a driving force for the animal feed additives industry.
Animal Feed Additives Market by Types (Antibiotics, Vitamins, Antioxidants, Amino Acids,Feed enzymes), Livestock (Swine, Poultry, Cattle, Aquaculture, Others) & Geography - Trends & Forecasts (2011 - 2018)
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