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...