Animal Feed Additives Market share to exceed USD 25 billion by 2024: Global Market Insights Inc.

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Animal Feed Additives Market is estimated to surpass USD
25 billion by 2025

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 Animal feed additives market, which is strongly characterized by the presence of established
industry giants, has been witnessing phenomenal advancements in terms of feed quality and
product diversification, over the recent years.
 The substantial upsurge in livestock breeding and rising global meat consumption are some of
the important factors that have prompted companies to come up with new products and make
considerable investments in R&D activities. Speaking along similar lines, it would be important
to take note of an instance that provides a significant testimony to the aforesaid statements.
 Speaking of the growing demand for nutritional additives from the poultry application, China is
one of the most lucrative growth grounds for animal feed additives industry expansion. High
livestock production and extensive animal breeding in the region has been identified as the two
crucial factors fortifying the regional animal feed additives market demand.
 The increasing meat consumption in China has, in turn, prompted the regional industry players
to incorporate additives for maintaining the quality of meat. According to reports, the meat
consumption in China exceeded 50 kilo tons in 2016 and is further anticipated to surpass 60
kilo tons by 2024.
Key Insights from Animal Feed Additives Market

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 With other countries, such as India, Malaysia, Thailand, and Indonesia following similar
growth patterns with regard to massive livestock production, the animal feed additives
market, across the Asia Pacific belt, is certain to account for above-average growth. It has
been reported that in the year 2016, Asia Pacific witnessed highest feed production capacity,
surpassing 350 million tons.
 It would be prudent to mention that the growing consumer demand across these continents
have expanded the scope for animal feed additives market participants and have
encouraged them to expand their global reach. According to research study, new product
launches and M&As have been the most adopted strategy by the animal feed additives
industry players. For instance, in a bid to strengthen its position in the global animal feed
additives market, Coppens International recently unveiled its product breakthrough for
aquatic feed additives. Elaborating further on this move, the company introduced several
new algae products that replaced the use of fish oil and inorganic trace minerals in the
additives.
Continued...

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China Animal Feed Additives Market Size, By Product, 2016 & 2024 (USD
Million)

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