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.
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.
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
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