Australia feed additive market is projected to reach US$ 0.232 billion, increasing from US$ 0.196 billion in 2016, growing at a CAGR of 2.83% during this period. The rise in domestic demand coupled with rising awareness about health does augment the feed additive market in Australia. Australian changing demographics such as aging population and increase in a number of migrations from Asian countries drives the demand for quality meat which further contributes to the feed additive market growth. Moreover, Australia is a big exporter of beef which, in turn, further enhances the feed additive market growth in this region. However, the challenges of technical efficiency do hamper the market growth.
This section provides an anatomy of the research process followed for calculating market size and forecasts along with a list of the secondary data sources used and the primary inputs which were taken for data validation. It also provides an outline of the various segmentations which have been covered as part of the report.
In this section, the entire market is explained along with various drivers, restraints, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Australia feed additive market has been segmented on the basis of product and livestock as follows
By Product Type
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Cargill Incorporated, BASF SE, Novozymes, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, Alltech Inc., and Elanco Animal Health.