(Entertainment-NewsWire.com, January 21, 2017 ) According to Publisher, the Global Compound Feed & Feed Additives Market is accounted for $113.7 billion in 2015 and is expected to reach $184.8 billion by 2022 growing at a CAGR of 7.2% during the forecast period. Increasing meat consumption, rising demand for eggs and milk, and the growing awareness regarding the benefits offered by the additives are appealing farmers to include them in the animal diet, fueling significant market growth.
The feed acidifiers segment is anticipated to grow at a significant CAGR during the forecast period. North America, Europe, Asia Pacific, Latin America, and MEA have been identified as the key regional markets for compound feed. North America is anticipated to command the market over the forecast period. However, Asia Pacific is expected to witness the most prospective growth over the next few years, due to the growing intake of livestock-based products in the region.
Some of the key players in the market include Rumenco Limited, Evonik Industries AG, CHR. Hansen Holdings A/S, Hill's Pet Nutrition, Adisseo France S.A.S, AB Agri Limited, Novozymes A/S, Nwf Group plc, Nutreco N.V., BASF Corp., Alltech Inc., Cargill Inc., Archer Daniels Midland, Heiskell & CO., Miratorg Agribusiness Holding and Ewos Group.
