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Animal feed Additives Market to rise with a Lucrative Growth

Demand for animal feed additives is highly dependent on demand patterns for protein-rich food, particularly meat and meat products. Developing economies of Asia-Pacific and Latin America are witnessing high demand for these additives, owing to increase in awareness towards protein-rich diet.

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Animal feed Additives Market to rise with a Lucrative Growth

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Animal Feed Additives Market Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Introduction • The animal feed additives market is projected to reach $27,820 million by 2023, growing at a CAGR of 6.0% from 2017 to 2023. • The global animal feed additives market is expected to witness significant growth during the forecast period, owing to surge in consumption of meat products, increase in concerns over meat quality. • Feed additives are vital animal nutrition, which improve the feed quality, yield & quality of food from animal origin, and animal health. • Developing economies of Asia-Pacific and Latin America are witnessing high demand for these additives, owing to increase in awareness towards protein-rich diet.

  3. Key Factors • Demand for animal feed additives is highly dependent on demand patterns for protein-rich food, particularly meat and meat products. • The amino acids additive type segment accounted for maximum share in 2016. • Feed additives are food supplements used for farm animals, which include vitamins, amino acids, fatty acids, and minerals. • Feed additives are gaining traction in the pet food segment, as the trend of pet humanization promotes health and well-being of pets. • Increase in demand for meat and meat products has resulted in livestock production on an industrial scale. 

  4. Animal Feed Additives Market Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/219

  5. Market Segmentation

  6. Key Findings • In terms of value, the feed acidifiers segment is anticipated to exhibit the highest growth rate of 7.0% during the analysis period. • Asia-Pacific is anticipated to lead the market in 2023, growing at a CAGR of 6.5%, in terms of value. • In 2016, lysine occupied nearly two-fifths share of the overall amino acids based animal feed additives market. • On the basis of form, the liquid segment dominated the overall market and is expected to continue its dominance over the forecast period. • In 2016, poultry segment occupied around half of the overall animal feed additives market.

  7. Key Players • BASF SE • Cargill, Inc. • Archer Daniels Midland Company • Novozymes A/S • Chr. Hansen Holding A/S • Alltech, Inc. • EvonikIndustries AG • Charoen Pokphand Foods Public Company Limited • NutrecoN.V. and • AdisseoFrance SAS • For Purchase Enquiry, Visit @ https://www.alliedmarketresearch.com/purchase-enquiry/219

  8. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

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