The global animal feed additives market was worth US$13.5 billion in 2011 and is expected to reach US$17.5 billion in 2018, growing at a compound annual growth rate of 3.8 percent from 2011 to 2018, according to a new market report published by Transparency Market Research.
In the overall global market, Asia Pacific is expected to maintain its lead position in terms of revenue till 2018. Asia Pacific is expected to enjoy 32.4% of global animal feed additives market revenue share in 2018 followed by Europe. The increase in global demand for meat and meat products has fueled the growth of global feed additives market over the last three years, according to the report. This growth is particularly higher in emerging countries like China, India, and Brazil which contributed 23 percent in 2011 and is expected to contribute 39 percent in 2018.