Chemical Planet

Increasing per capita meat consumption is expected to be major factor driving Vietnam animal feed additives market over the next seven years. Vietnam animal feed additives market is expected to reach USD 160.5 million by 2022, according to a new study by Grand View Research, Inc. With increasing meat consumption, domestic market for animal feed has been experiencing significant growth since the last few years. Increasing requirements for high quality feed from animal farmers is expected to drive demand for feed additives such as feed enzymes, feed acidifiers, amino acids and antioxidants. Antibiotics emerged as the leading product segment and accounted for over 36% of the total market revenue in 2014. Nascent domestic probiotics production coupled with animal farmer’s inclination towards antibiotics as growth promoters has been instrumental in its growth. Increasing incidences of microbial diseases among farm animals is expected to drive antibiotics demand over the f...

Focus on improving overall feed yield has been a critical factor for the surge in feed additives demand. Increasing the consumption of meat and milk products as a source of protein and other essential nutrients is expected to further fuel the growth. The Global Animal Feed Additives Market size is expected to reach USD 47.32 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.8% during the forecast period. Feed additives are considered an integral part of animal feed. Additives act as a catalyst that help disease prevention in animals, improve weight gain, vitamin intake, feed digestion, and conversion; thereby enhancing the quality of meat production. This factor is anticipated to propel the global demand over the forecast period. The animal feed additives must comply with Regulation (EC) 999/2001, Regulation (EU) 142/2011, and Regulation (EC) 1069/2009. The production order in the installation should be...