Feed additives are the ingredients which are added to the animal feed which are essential for animal nutrition. These feed additives improve the quality of the feed thereby improving performances and health of animals. They also increase the yield and quality of the food from animal origin. The Global Feed Additives Market was 20.9 Billion USD in 2018 and is estimated to reach 29.57 Billion USD by 2025 at a CAGR of 5.08% during the forecast period.
Growth by Region
Europe is expected to have the largest Global Food Additives Market in the forecast period followed by Asia Pacific region, South America and North America.
Drivers vs. Constraints
The increasing meat consumption, growing processed meat industry and increasing demand for high quality compound feed from livestock industry are the factors which drives the Global Feed Additives market.
Industry Structure and Updates
In August 2017 an American Food Company Ingredion acquired Sun flour Industry Thailand’s rice & flour business.