The positive impact observed by the usage of feed supplements has increased the growth momentum for feed additives industry across globe. Emerging regions such as Asia-Pacific, Latin America, Middle East and Africa have witnessed rising demand of better quality meat products particularly from the rising affluent class. Concerns over the meat quality and in order to ensure safety of meat products after the outbreak of different diseases has compelled producers across the chain to focus on the quality of feed catered to the animals. A large number of products have emerged in global feed additives market such as amino acids, enzymes, acidifiers, toxin binders and others.
Amino acids are the most widely used type of feed additives globally. Poultry and swine have been the two major segments accounting for a significant proportion of the animal feed additives market owing to the rising meat demand from these segments. With an improved economy, the demand for consumption of animal products has shown a rapid increase throughout Asia thus creating a greater demand for feed additives in the region. This rapid increase in the demand for animal products together with changes in the international trade has led to a great expansion of meat industry in Asia particularly in countries such as China, India, Vietnam and others. Additionally output of other animal products such as eggs and milk has also grown significantly in the region. Emergence of new diseases has led to reduced livestock performance in the past which affected the animal products industry significantly by reducing the performance, health and output. In order to reduce such adverse affects, more number of farmers in the region started adding feed supplements along with the feed, giving a rise to the revenues from the feed supplements in the region. Usage of feed additives also results in decreased pollution of land and ground water originating from the livestock.
“The output of milk, meat and eggs in Asia reached 266.9 million tons, 123.2 million tons and 42.5 million tons respectively in 2010”- According to ‘Asia-Pacific Animal Feed Additives Market Outlook to 2018 – Increasing Demand for Meat Products to Steer Growth’ by Ken Research.
The animal feed additives industry of Asia-Pacific would represent a favorable growth rate largely due to the surge in demand for animal products comprising of meat, eggs and milk. The long term development of animal feed additive industry would largely be driven by the socio economic megatrends helping the industry to grow at a rate of 8.8% during 2013-2018 to reach revenues of USD ~ million by 2018. As a result of growing world population, the demand for animal protein products would continue to showcase an upward trend. This would continue to boost the revenues derived from the Chinese animal feed additives market. However, a significant decline would be observed in the contribution of China with increasing share of other countries such as Australia, India and New Zealand which are still in the growth stages. Rising affluent middle class in the emerging economies would result in increasing demand of good quality meat consumption and thereby boost the demand for feed supplements.
The report provides detailed overview on the animal feed additives market in Asia-Pacific and helps reader to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, feed additives organizations, and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.
Read more- http://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/asia-pacific-animal-feed-additives-market-research-report/520-104.html
Contact Person- Ankur Gupta
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