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New report on global feed additives market

The world animal feed additives market will reach US$15.4 billion by 2010, according to a new report.

This growth will stem from increasing population, rising standards of living, growing consumption of meat and meat products in developing countries, and consistent demand from the developed world.

Largest markets
The United States, Europe and Asia are the three largest animal feed additive markets, collectively accounting for about 75% of the worldwide share. The US market is estimated at US$3.9 billion in 2007, while Asia is expected to grow at a CAGR of 4.6% through 2010.

The animal feed antibiotics market is projected to reach US$4.2 billion by 2010. Although antibiotics were impacted due to a ban on their use as growth promoters, growth in the segment will be derived from therapeutic use. The animal feed amino acids market is estimated at US$3.4 billion in 2007, and is projected to record the fastest CAGR through 2010. In terms of production, the industry is dominated by the US followed by Japan, Mexico, Brazil and China.

For more details about "Animal Feed Additives: A Global Strategic Business Report", go to Global Industry Analysts

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One comment

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    Dr Sumit

    Does this report mean that out of 20 Billlion $ of veterinary market 15.4 Billion $ will be of feed additives.

    please comment

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