Rise in Livestock Population for Consumption of Meat to Augment Demand for High Quality Animal Feed Additives

Transparency Market

Research

Animal Feed Additives Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast 2015 – 2021

Published Date

19-11-2015

91 Page Report

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Press Release

Global Animal Feed Additives Market to Exhibit 4.3% CAGR during

2015-2021 due to Growing Demand for Quality Meat and Dairy

Products

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Animal Feed Additives Market

REPORT DESCRIPTION

The prevalent hectic lifestyle has impelled consumers to adopt a diet that can cater to their everyday

protein needs. As a result of this, the livestock population has substantially increased to meet the growing

demand for dairy products and meat. The rise in livestock population is anticipated to drive the demand for

high quality animal feed additives. To ensure that quality dairy products and meat is circulated in the

market, food products in the dairy and meat section are being subjected to quality checks. Due to growing

consumer awareness about the harmful effects of low quality and synthetic animal feed additives, meat

and dairy food products are also being tested under consumption safety standards and queries.

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According to a report published by Transparency Market Research, the global animal feed additives market

is projected to expand at a 4.3% CAGR between 2015 and 2021. The market was valued at US$4.79 bn in

2016 and is estimated to touch a valuation of US$5.92 bn by 2021.

Due to what factors is the demand for animal feed additives likely to rise in future?

The prime factor driving the consumption of animal feed across the world is the rising demand for diary

and meet products. Moreover, the rise in population in...