Report predicts growth in compound feed, feed additive markets

Report predicts growth in compound feed, feed additive markets

From WATTAgNet:The compound feed market and feed additives market is expected to see a CAGR of 3.72 percent between 2013 and 2019, according to a new study from Transparency Market Research. The report says the global feed market was worth $15.1 billion as of 2012, and estimates it will grow to $18.3 billion by 2017. The global feed market will see a CAGR of 3.86 percent between 2013 and 2019.The report segments the compound feed market and feed additives market by product as cattle feed, swine feed, poultry feed, pet food and aqua feed. The feed additives market is segmented by product as vitamins, additives, enzymes, amino acids, antioxidants, and feed acidifiers. Geographies analyzed and forecasted in the compound feed market and feed additives market include North America, Asia Pacific and Japan, Latin America, Middle East and Africa, and Europe.In the feed additives market, the dominating segment in 2012 was that of feed amino acids with 30 percent. According to the report, feed amino acids will touch $5,745 million by 2017. The highest growth rate will be reported by the feed acidifiers segment at 5.98 percent between 2012 and 2017.By geography, the compound feed market is led by North America, which registered market revenue to the tune of $72.3 billion in 2010. The most promising growth potential in the compound feed industry will be shown by Asia over the forecast period as the consumption of animal-based and animal-derived products is escalating here because of high disposable incomes. In the global feed additives market, Europe was the largest spender with a 33.5 percent share of the global feed additives market, amounting to $5078.7 million as of 2012.

Compound Feed Market and Feed Additives Market to Grow at a 3.72% CAGR From 2013 to 2019: Transparency Market Research

A latest study on the compound feed market and feed additives market by Transparency Market Research states that this market will witness a CAGR of 3.72% between 2013 and 2019. The report estimates the global feed market to be worth US$ 15.1 billion as of 2012, and projects this market to grow to US$ 18.3 billion by 2017.

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