The prominence of diseases in the livestock in the past few years has led to extensive meat protection and better animal care. The urge for better animal care and meat have driven the market of feed additives. The raw material used in feed additives has a direct impact on the quality and price of the end product.
The market of animal feed additives is segmented on the base of livestock, form, function, additive type and geography. The market is segmented on the base additive types which includes amino acids, antibiotics, binders, antioxidants, feed acidifiers, minerals, vitamins, and others. These types of additives are further subdivided into different categories. The market is also segmented on the base of form and market is divided into three basic types dry, liquid and others.
The Market is also segmented on the base of function which includes single function and multi-function. The demand for animal feed additives is increasing along with the demand for meat and meat related products. Geographically the market of animal feed additive is segmented on the base of livestock which includes swine, cattle, aquatic animals and poultry. The major manufacturers of the industry are included along with the analysis of the market.
The demand of treated meat is increasing which is working in favor of the animal feed additives thus creating more market space. The regulations of different governments regarding the use of synthetic feed is hindering the market growth. Different regions of the world are covered in the report to provide the insight of both regional and global market. Asia Pacific region led the market of feed additives and it is expected to keep that position in the upcoming forecast period.