Transparency
Market Research (TMR) has recently published a research report on the
global markets for compound feed and feed additives. The report is
titled “Compound Feed Market & Feed Additives Market - Global
Industry Size, Share, Segment and Geographic Analysis and Forecasts,
2007-2017.”According to the report, the global compound feed market
is expected to rise at a CAGR of 3.72% between 2012 and 2017 and the
global feed additives market is likely to report a CAGR of 3.86%
during the same period. Analysts project the compound
feed market and the feed additives market to reach US$380.5 bn
and US$18.3 bn, respectively, by 2017.
Compound
feed refers to food items produced especially for animals, such as
fodder. Feed additives, on the other hand, are food supplements that
are mixed in the compound feed to enhance the health and the
productivity of animals. These products are important elements in
livestock rearing, holding approximately a share of 70% in the total
production cost incurred on livestock farming. The utilization of
compound feed and feed additives has a significant impact on the
production costs as their effective usage improve the quality and
quantity of milk, meat, and eggs, ensuring considerable returns.
The
demand for compound feed and feed additives has increased
significantly in the recent past. The rise in meat consumption,
growing demand for eggs and milk, and the increased awareness
regarding the benefits offered by compound feed and additives are
prompting livestock farmers to include them in the diet of animals,
driving significant market growth.
The
report presents a comprehensive analysis of the markets for compound
feed and feed additives. In this study, both the markets have been
separately evaluated on the basis of the type and the region. Based
on the type, the global compound feed market has been classified into
swine feed, poultry feed, cattle feed, aqua feed, and pet food. The
swine feed segment is likely to dominate the overall market in the
coming years, expanding at a CAGR of 3.92% during the period from
2012 to 2017. Analysts predict the segment to reach US$81.1 bn by
2017.
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North
America, Latin America, Europe, the Middle East and Africa, and Asia
Pacific including Japan have been identified as the key regional
markets for compound feed in this study. North America led this
market in 2010, attaining a value of US$72.3 bn in terms of revenue.
However, Asia Pacific including Japan is likely to exhibit the most
promising growth in the compound feed market over the next few years,
owing to the increased consumption of livestock-based products in
this region.
Vitamins,
enzymes, additives, amino acids, feed acidifiers, antioxidants have
been identified as the major types of feed additives available in the
global market. The feed acidifiers segment is projected to exhibit
the fastest CAGR at 5.98% between 2012 and 2017 and the amino acids
segment is expected to reach US$5.7 bn by the end of 2017, states the
report.
The
competitive landscapes in the global markets for compound feed and
feed additives have also been examined in this research report.
Analysts have performed SWOT analysis on major market players to
weigh out strengths and weaknesses of companies profiled and study
opportunities and threats that they could face in the forthcoming
years. According to the study, Land O'Lakes Inc., Nutreco, Cargill
Inc., and New Hope Group are leading the worldwide markets for
compound feed and feed additives.
The
global markets for compound feed and feed additives is segmented
into:
Global
Compound Feed Market
- Cattle feed
- Poultry feed
- Swine feed
- Aqua feed
- Pet food
Global
Feed Additive Market
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Enzymes
- Feed Acidifiers
By
Region
- North America
- Latin America
- Europe
- Asia Pacific including Japan
- Middle East and Africa
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