Animal Feed Additives Market – An Overview

Animal Feed additives (AFA) are the materials of nutritional value that are fed to animals. It acts as vitamins for farm animals that get insufficient nutrients from regular meals. The global market for AFA is growing tremendously owing to the growing demand for meat and related products over the past few years. Asia Pacific is expected to lead the global AFA Industry attributed by more number of farm animals in this region. Major contributors in the Asian market include emerging economies such as India and China. Europe is expected to remain at second place after Asia Pacific in terms of revenue generation. India, China, and Brazil contributed around 23% share in 2011 in the global market. This share is expected to rise to 39% by 2018.

Increasing demand for protein rich meat and dairy products, industrialization in meat production, rising rate of meat consumption, outbreak of livestock diseases, and growing awareness about meat safety and quality are some important factors driving the growth of the AFA market. Continue reading »

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