Brazil Animal Feed Additives Market is Expected to Reach USD 1,941.6 Million in 2018: Transparency Market Research

Brazil Animal Feed Additives Market is Expected to Reach USD 1,941.6 Million in 2018: Transparency Market Research PR Newswire ALBANY, New York, October 1, 2012 ALBANY, New York, October 1, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Brazilian Animal Feed Additives Market - Industry Analysis, Market Size, Share, Growth and Forecast, 2011 - 2018", the Brazil market for animal feed additives was worth USD 1,334.8 million in 2011 and is expected to reach USD 1,941.6 million in 2018, growing at a CAGR of 5.6% from 2013 to 2018. In the overall market by livestock, poultry had a market share of 50.1% in 2011 followed by swine, and beef. Browse the full report at http://www.transparencymarketresearch.com/brazilian-animal- feed-additives-market.html The Brazil market for animal feed additives is driven by rise of meat consumption in the country and the growing awareness regarding meat quality and dairy products. In 2011, Brazilian per capita meat consumption was 88.7 kg/year and is expected to increase up to 100.3 kg/year with an expected CAGR of 1.7% for the period of 2013 to 2018. The industrialization of meat production is also fueling the demand for animal feed additives in the country. Brazilian population is expected to reach more than 218 million by 2025 as compared to 196 million in 2011.