Animal Feed Additives Market Size to Exceed Usd 22 Billion by 2022: Global Market Insights, Inc.

Animal Feed Additives Market Size is likely to be worth USD 22.06 Billion by 2022; as per a new research report by Global Market Insights, Inc. Increase in meat consumption as protein source of livestock such as cattle, poultry and swine should drive animal feed additive industry. Factors such as metabolism activity, weight gains and fatigue delay are likely to favor livestock producers to adopt animal feed additives in the diet.

Browse In-depth Research Report on Global Animal Feed Additives Market with detailed charts and figures: https://www.gminsights.com/industry-analysis/animal-feed-additives-market

Amino acids market size dominated demand by accounting over 33% of the revenue share and valuation close to USD 5.5 Billion in 2014. Thrionine, methionine, tryptophan and lysine are predominantly used amino acids for poultry and swine applications.

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Antibiotics market accounted for 25.7% of the revenue share in 2014 and are forecast to grow at sluggish rates owing to stringent regulations by EU and FDA. EU has completely banned antibiotics use from 2006 and the U.S. FDA is also set to ban certain products of this category effective from January 1st, 2017.

Restrictions over antibiotics usage as growth promoters for livestock production by regulatory authorities are likely to hamper demand. Immunity development towards certain diseases by animals is a matter of concern by consumers, which is likely to restrict antibiotics usage. Introduction of products like feed phytogenics as NGPs is likely to drive industry growth.

Increase in meat consumption owing to growth in per-capita middle class disposable income in countries such as China, India and Brazil is anticipated to drive demand. Meat product standardization resulting out of certain disease outbreak in the recent past like SARS, is also presumed to drive market growth.

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