Report: Compound feed market estimated at US$ 308.5 billion by 2017
According to a new report published by Transparency Market Research “Compound feed market and feed additives market: Global analysis and forecast (2007 – 2017), the global compound feed market is estimated to be US$ 257 billion in 2012 and expected to reach $308.5 billion in 2017 at a Compound Annual Growth Rate of 3.72% over the period 2012 to 2017.
Compound feed grew significantly worldwide over the past five years with the growth rate of 3.94%.
North America is consistently maintaining its leadership in compound feed market with revenue market revenue of $72.3 billion in 2010.
Asia has the most promising growth potential for the compound feed industry as the consumption of animal derived products is increasing on account of their rise in disposable income.
Feed additives
The worldwide feed additives market is estimated to reach US$ 15.1 billion in 2012 and is expected to reach $18.3 billion by 2017 at a CAGR of 3.86% over the period 2012 to 2017.
Swine feed would account for the largest share at 31% of compound feed market in 2012. Swine feed will be the fastest growing segment at CAGR of 3.92% during 2012 to 2017. The swine feed segment will be worth $81.1 billion in 2017.
Feed Amino Acids would account for the largest share at 30% of feed additives market in 2012. This market is estimated at $5.745 billion in 2017. The feed acidifiers segment is expected to have the highest growth rate of 5.98% during 2012 to 2017.
The full report "Compound Feed Market: Global Analysis and Forecast" is to gain detailed market insights for key compound feed segments. The market is analyzed on the basis of growth trends, ongoing developments, market penetration and revenue share.
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