Agricultural Micronutrients in the Asian market were valued at $2,417.4 million in 2013, growing at a CAGR of 7.6% annually. It is projected to reach $3,483.4 million by the end of 2018.
(PRWEB) May 20, 2014
Micronutrients are additional substances that can increase the nutritional value of food. The micronutrient systems market is expected to grow at a rate of 5.9%, of which the Asia-Pacific market garnered market revenue of $525.8 million in the industry, in 2012. The Asia-Pacific micronutrient systems market is segmented by according to geography, type, application, crop type, and form. The market covers countries such as China, India, Australia, New Zealand, and others. The Asia-Pacific market size is projected to increase at a CAGR of 5.5%, by 2018.
Browse through the market data tables and figures and detailed ToC on the “Asian Agricultural Micronutrients Market”.
Asia-Pacific is the leading region in the world for agriculture to meet food demands. The increasing agricultural practices and requirement of high-quality agricultural produce is anticipated to drive the micronutrients market in this region. Major crops produced in Asia are rice, sugar beet, fruits and vegetables, cereals, and grains. Asian crop production supports 60% of the world population. The key countries playing an important role in agriculture are China and Indonesia. Cotton, sugarcane, fruits and vegetables, and cereals are the leading agricultural commodities exported.
Latin America Cattle Feed Market:
The rising dairy product consumption and industrialization of dairy and meat production strengthens to provide high-grade feed supplements to cattle. Cattle feed and additives play a vital role in an animal’s growth. Apart from enhancing the visual appeal of the feed, additives also have auxiliary functions such as digestibility and promoting muscle growth, and also serve as a source of protein and anti-inflammatory agents. The research report on ‘Cattle Feed and Additives’ is categorized on the basis of types, animal types, and geography to forecast the revenue and analyze the trends in Latin America. The Latin American Cattle feed and additives market is growing at a rate of 11.0%. The market value was $479.9 million in 2013 and is projected to increase to $645.3 million by 2018 with a CAGR of 6.1%.
North America Swine Feed Market:
North America is a major consumer of swine feed and feed additives. The market is mainly driven by the high-growth potential in the Mexican and Canadian markets, while the U.S. market is focused on new, efficient, and safer animal swine feed and feed additives. Research on flavored swine feeds are being carried out in North America. The research study aims to identify the swine feed and swine feed additives market for the North American region. In the global swine feed market, North America accounted for a market share of 14.8% in 2012, and is projected to reach $14,715.8 million with a CAGR of 4.8% by 2018. The U.S. is a major player in the swine feed market, contributing more than 73.6% in the market share.
Asia Swine Feed Market:
In the APAC region, China is a major market for swine feed, occupying 63.0% of the market share. In the global swine feed market, Asia-Pacific occupies the largest market share of 43.0%. It is projected to reach $43,726.3 million with a CAGR of 5.7% by 2018. The Asia-Pacific swine feed & feed additives market is segmented according to the countries and types of swine feed and feed additives. The market covers countries such as China, Japan, Vietnam, and others. The swine feed additives market covers antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers, and others.
Latin America Swine Feed Market:
The Latin American swine feed & feed additives market has shown remarkable growth in the last five years. Pigs are a source of quick and cheap animal protein that are beneficial for health. Swine production involves lower operating costs than beef and hence swine manufacturers get quick return on investments. The quality of swine feed and feed additives determine the consumption of swine-related products. In the global swine feed & feed additives market, Latin America accounted for market share of 11.2% in 2012, and is projected to grow at a CAGR of 5.3% by 2018. Brazil is the key Latin American market for swine feed & feed additives market, contributing more than 62.8% to the market share. The Latin American feed additives market is expected to grow at a CAGR of 5.8% till 2018.
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