DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n9v3hs/animal_feed) has announced the addition of the "Animal Feed Additives Market by Types, Livestock & Geography - Trends & Forecasts (2011 - 2018)" report to their offering.
The market of feed additives by type was $16,183.0 million in 2012 and is projected to be $20,233.2 million in 2018, growing at a CAGR of 3.8% from 2013 to 2018. The animal feed additives market is growing steadily due to an increase in the rate of meat and meat products consumption. The demand driving factors are increasing mass production of meat, industrialization in meat production, increasing demand for protein-rich meat products, increasing awareness regarding meat quality and safety, and disease outbreaks in livestock farms. The restraining factor is the rising cost of raw materials.
The global animal feed additives market is witnessing rapid developments in the areas of product innovation and new technologies, with a focus on increasing efficiency in livestock production. Leading companies are focusing on expansion of the business across regions and setting up new plants for increasing production capacity. Large investments are made by European companies in the Asia-Pacific region to set up new production units to cater to the rising demand from the Asian region.
Companies Mentioned:
- Adisseo France S.A.S.
- Archer Daniels Midland Company
- BASF SE
- Cargill, Incorporated
- Chareon Pokphand Foods Public Company Limited
- Chr. Hansen Holdings A/S
- Evonik Industries Ag
- Koninklijke DSM N.V.
- Novozymes A/S
- Nutreco N.V.
For more information visit http://www.researchandmarkets.com/research/n9v3hs/animal_feed.
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