DUBLIN, June 5, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/7dmbc9/animal_feed) has announced the addition of the "Animal Feed Micronutrients Market by Type, Livestock & by Geography - Global Trends & Forecasts to 2019" report to their offering.
The Asia-Pacific region topped the consumption chart of the global animal feed micronutrients market, having accounted for around 32% of the total share in 2013.The global market value for these micronutrients is expected to grow at a CAGR of 6.1% by 2019, with the highest growth projected to be observed in the Asia-Pacific region, wherein China is projected to be the market leader. Here, increasing urbanization with increased domestic demand for meat and meat export opportunities are major factors motivating the growth of the animal micronutrients market.
The global market was dominated by the Asia-Pacific region in 2013. Strong economic and population growth are the key drivers that have pushed the market forward in this region, especially in India and China. North America is the second largest market for animal micronutrients.
Europe ranks third, where increasing meat consumption, food safety concerns, and improving meat prices are important drivers for the growth of the animal micronutrient market. ROW (Rest of the World) occupied the least share. Here,these products are showing significant growth in Brazil and Argentina. South Africa also has a strong livestock industry, which makes it a major market. The consumption prospects of animal micronutrients are better as compared to other parts of the ROW.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Premium Insights
5 Animal Feed Micronutrients Market, By Type
6 Animal Feed Micronutrients Market, By Livestock
7 Animal Feed Micronutrients Market, By Geography
8 Competitive Landscape
9 Company Profiles
- Alltech Inc.
- Archer Daniels Midland Company (ADM)
- Balchem Corp.
- Cargill Inc.
- Kemin Industries Inc.
- Lallemand Inc
- Novus International Inc.
- Nutreco N.V.
- Qualitech Inc.
- Zinpro Corporation.
For more information visit http://www.researchandmarkets.com/research/7dmbc9/animal_feed
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SOURCE Research and Markets