Global Industry Analysts Inc. announced the release of a report on the animal feed additive market. The report estimates that with projected growth, worldwide sales will attain $18 billion by 2015. The increase in meat consumption will drive demand for additives for poultry, swine and aquaculture feeds in addition to ruminant and companion animal diets.
The U.S. is the largest single market segment but considerable growth has occurred in Latin America. The U.S., Europe and the Asia-Pacific markets combined accounted for 74% of total revenue generated in 2009.
The report, Animal Feed Additives: A Global Strategic Business Report, is available on GIA’s website.