Press Release

Poultry Livestock to Continue Dominance in Asia-Pacific Animal Feed Additive Market until 2023

Rising population, industrialization of livestock production and growing preference for protein rich diet to boost demand for animal feed additives in Asia-Pacific through 2023

According to TechSci Research report, Asia-Pacific Animal Feed Additive Market By Type, By Livestock, By Country, Competition Forecast & Opportunities, 2013 – 2023’’, the Asia-Pacific animal feed additive market is forecast to surpass $ 6.3 billion by 2023, owing to increasing consumption of animal meat, which is leading to higher production of livestock across the region. Increasing awareness among farmers is also driving the demand for quality feed additives for the livestock. With rising population, growing consumption of protein rich food is being witnessed across the region, as people are becoming more focused towards their health and reducing risks of diet-related diseases. The subsidies on meat exports in countries like India are also driving various meat manufacturers to increase meat production. Consequently, growing focus towards the dietary needs of animals is positively impacting the Asia-Pacific animal feed additive market.  

Browse 34 market data Figures and Tables spread through 65 Pages and an in-depth TOC on   "Asia-Pacific Animal Feed Additive Market"

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Increasing government regulations pertaining to food safety have coaxed the manufacturers of feed additives to comply with the new regulations that analyze risk-based preventive control for animal food manufacturing facilities. Demand for better quality meat to ensure safety from various diseases that occur due to infected meat is a major factor anticipated to continue to fuel the region’s animal feed additive market. Amino acid type of feed additives is among the most popular product categories in Asia-Pacific, as it meets the nutritional requirements of animals and offers a cost-effective means of supplying protein. Poultry sector generates the largest demand for animal feed additives, owing to huge production of guinea, geese, chicken, pigeons and other domesticated birds across the region, especially backed by the large-scale requirement of chicken meat.

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“China controls the largest share in Asia-Pacific animal feed additive market, mainly due to higher livestock production compared to other Asian countries. As a result of growing population in the country, demand for meat and milk products would continue to grow in the coming years. The region witnesses higher adoption of intensive farming, which in turn is anticipated to aid the country’s animal feed additive market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Asia-Pacific Animal Feed Additive Market By Type, By Livestock, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of animal feed additive market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the Asia-Pacific animal feed additive market.

 

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Rising population, industrialization of livestock production and growing preference for protein rich diet to boost demand for animal feed additives in Asia-Pacific through 2023

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