Albany, NY (PRWEB) September 19, 2013
According to Transparency Market Research “Compound Feed Market and Feed Additives Market: Global Analysis and Forecast (2007 – 2017)”, Global Compound Feed Market is estimated to be USD 257 billion in 2012 and expected to reach USD 380.5 billion in 2017 at a CAGR of 3.72% over the period 2012 to 2017. The worldwide feed additives market is estimated to reach US$15.1 Billion in 2012 and is expected to reach USD18.3 Billion by 2017 at a CAGR of 3.86% over the period 2012 to 2017.
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Swine feed would account for the largest share at 31% of compound feed market in 2012. Swine feed will be the fastest growing segment at CAGR of 3.92% during 2012 to 2017. Swine feed segment will be worth USD 81.1 billion in 2017. Feed Amino Acids would account for the largest share at 30% of feed additives market in 2012. Feed Amino Acids will be worth USD 5745 million in 2017. The feed acidifiers segment is expected to have the highest growth rate of 5.98% during 2012 to 2017. - Transparency Market Research
Compound feed accounts for 70% of the production costs of livestock. Thus compound feed has a significant impact on the farmers’ production costs and returns as the use of compound feed ensures the increased supplies of meat, eggs and milk. Compound feed grew significantly worldwide over the past five years with the growth rate of 3.94%. Swine feed is expected to account for the largest share i.e. 31% of global compound feed spending at USD 81.1 billion in 2012. Other subsectors contributing to the remaining stake of compound feed include cattle feed, poultry feed, aqua feed and other animals which consists of sheep, goat, horse etc.
North America is consistently maintaining its leadership in compound feed market with revenue market revenue of USD 72.3 billion in 2010. Asia has the most promising growth potential for the compound feed industry as the consumption of animal derived products is increasing on account of their rise in disposable income.
Scope and Overview
The objective of the study on “Compound Feed Market: Global Analysis and Forecast” is to gain detailed market insights for key compound feed segments. The market is analyzed on the basis of growth trends, ongoing developments, market penetration and revenue share.
The compound feed industry plays a major part in food chain which provides sustainable and nutritious food. The major forces driving the compound feed market are increase in the use of animal derived products in direct human consumption due to growing population and rising disposable income in developing countries.
The rise in demand of healthy and safe animal derived food as a result of increased consumer awareness has brought about the development in compound feed production and usage. The compound feed is produced for livestock to provide adequate amount of nutrients to them. It maximizes the performance of livestock. A few factors which drive the global compound feed market are enhanced performance of livestock and rise in meat consumption.
Animal Feed and Feed Additives Market: http://www.transparencymarketresearch.com/animal-feed-and-feed-additives-market.html
The rise in disposable income is the main factor that is leading the increase in meat consumption. The technological developments in manufacturing process of compound feed improve the nutritional value and safety of compound feed.
Scope and overview
The objective of the study on “Compound Feed Market & Compound Feed Additives Market” is to gain detailed market insights for key feed segments. The market is analyzed on the basis of growth trends, ongoing developments, market penetration and revenue share.