The Global Compound Feeds and Additives Market are actually accounted for a drastic growth of over $184.8 billion by the year 2022 which was prevailed in range of about $106.1 billion in the year 2014. This expected growth accounts for annual growth rate of 7.2% CAGR from years 2014 to 2022. Compound feeds are actually the food products which are manufactured for animals whereas additives are forms of supplements that were used in compound feeds. The prospects of utilizing these feeds are to ensure good health and increased productivity of concerned animals.
The growth rate of these feeds in the market place is determined on basis of meat consumption, increase in non-refundable income. Even increase in need of animal proteins also accounts for market growth to a large extent. But aspects such as instability of prices and uneven supplies of raw materials prevent calculating appropriate range of market growth.
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The aspects of usage of Acidifiers, Amino Acids, Antibiotics and Vitamins often account to an average of 45% towards market share of global feed additives. The aspects of Global Compound Feeds and Additives Market are usually fragmented by geographical location and product type. On basis of product type, the feed market is generally categorized as Swine Feed, Aqua Feed, Pet Feed and Cattle Feed. While considering aspects of geography, market can be segmented into divisions of Europe, North America, Asia Pacific and rest other regions of the world. Hence the growth rate of South America and Asia-Pacific is expected to progress at CAGR of over 1.8% and 1.7% respectively.
The regions of Asia-Pacific holding almost major portion of global additive market also accounts for catering demands of improvised meat exports and production to a large extent. A large number of mergers, collaborations, joint ventures and even acquisitions are playing a vital role for achieving commendable growth in intended marketplace.
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The market of feed additives is generally segmented on basis of Enzymes, Amino Acids, Vitamins, Anti-Infectives, Feed Acidifiers and Antioxidants. This particular growth rate is estimated by taking data derived from reliable and authenticated sources from experts of the industry. Some among the key players of market are Nutreco N.V, Adisseo France S.A.S, NWF group, Hills’ Pet Nutrition, Longa Group Ltd, AB Agri Limited and Rumenco Limited. If the demand of additive and compound feeds grows at this particular rate even new entrants along with existing ones will be favored to a large extent.
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