South America Animal Feed Additive Market to Surpass $ 2 Billion by 2023
Growing demand for high quality meat, adoption of
intensive farming system and rising frequency of meat related disease outbreaks
to drive South America animal feed additive market through 2023
According
to TechSci Research report, “South America Animal Feed Additive Market By Type, By Livestock, By Country, Competition
Forecast & Opportunities, 2013 – 2023’’, animal feed additive market in
South America is forecast to reach $ 2.11 billion by 2023, backed by growing
consumption of protein rich food on account of increasing consumer focus
towards health and reducing risks of diet-related diseases. The region is also witnessing
innovative animal husbandry practices for better crop yield. To improve the gut
health, muscle health, etc., the animals are administered with feed additives
to supply them with proper nutrition. Thus, growing focus towards the dietary
needs of animals is anticipated to positively impact the region’s animal feed
additive market in coming years.
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On
account of huge demand for chicken and pork meat, production of guinea, geese,
chicken, pigeons and pigs is increasing at a robust pace in the region. Poultry
and swine are expected to emerge as the largest demand generating livestock
segments in South America animal feed additive market during the forecast
period. Amino acid based feed additive type dominates the region’s animal
additive market, owing to the fact that the product segment meets the
nutritional requirements of animals and offers a cost-effective means of
supplying protein.
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“Brazil
controls the largest share in the South America animal feed additive market, mainly
due to huge demand for high quality meat from the country. Thus, more and more
manufacturers are using quality animal feed additives to meet the demand.
Moreover, there is an increasing demand for nutritional supplements for
monogastric animals, consequently, a gradual shift towards the use of natural
growth promoters is being witnessed, which in turn is anticipated to aid the South
America animal feed additive market in the coming years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“South America 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 South America animal feed additive market.
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