Feed additives market surpass USD 40 billion by the end of 2025
Verfasser: ConvergedMarkets on Tuesday, 14 August 2018The feed additives market is expected to exhibit a sustainable growth rate of 5%, to reach over USD 40 billion by the end of 2025. The main growth factor for feed additives is an increase in consumption of meat products coupled with growing awareness among the consumers about the outbreak of livestock diseases. Furthermore, global industrialization of meat products boosts the market growth. The demand for meat and meat-based products is expected to register a lucrative growth by 2025 in the developing economies.
In the Asia-Pacific region, China is considered to be the largest feed producer in the world since 2011. The highest growth in feed production is mainly due to swine and aquatic animals. Accordingly, the feed additives industry has experienced rapid development in the recent years and is expected to grow, especially due to the consumption of amino acids and enzymes in the next eight years. China is a leading producer of some of the key feed additives such as vitamin C, vitamin E, choline, lysine, and others.
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