According to a new market report published by Transparency Market Research , the global animal feed additives market was worth $13.5 billion (U.S. dollars) in 2011 and is expected to reach $17.5 billion in 2018.
In the overall global market, Asia-Pacific is expected to maintain its lead position in terms of revenue till 2018. Asia-Pacific is expected to enjoy 32.4% of global animal feed additives market revenue share in 2018 followed by Europe.
You can review the full report here.
The increase in global demand for meat and meat products has fueled the growth of global feed additives market over the last three years. This growth is particularly higher in emerging countries like China, India, and Brazil which contributed 23% in 2011 and expected to contribute 39% in 2018.
The animal feed additives market is segmented into antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers and others (such as trace minerals, NPN, etc.).
The global feed acidifiers market is estimated to reach $1.6 billion (U.S.) in 2018 from $1 billion in 2011, at a CAGR of 6.3% from 2011 to 2018. Asia-Pacific is major sales contributor and is expected to hold 32% of the global market share in 2018. This market is expected to have high growth of CAGR 4% due to higher demand and sales.
The United States remains the leader in the North American amino acids market with 29.9% market share, while China leads the Asia-Pacific market with 49.5% market share followed by Japan. Within Europe, UK draws the largest demand, which is followed by Germany.