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Animal Feed additives are products or substances that are used for improving the animal health. The feed additives are added in various forms and in varying doses depending on the animal. The global animal feed additive market, valued at $14.9 billion in 2013, is estimated to reach $20 billion by 2020.
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The increase in global meat consumption is the major driving factor that has augmented the demand for animal feed and feed additives market. The demand for low cost meat with superior nutritional value throughout the globe is the other driving factor in this market.
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