Global Feed Additives Market Overview:
The latest report by IMARC Group, titled “Feed Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027“, offers a comprehensive analysis of the industry, which comprises insights on the global Feed Additives Market Analysis Report. The global feed additives market reached a value of US$ 35.6 Billion in 2021.
Feed additives are nutritional supplements that provide nutrition to animals. They offer essential nutrients, such as vitamins, minerals and amino acids, which aid in preventing diseases. They are also utilized for improving the performance and health of animals, including increasing the digestibility of feed materials. In addition, they improve the feed quality, yield, and quality of food derived from animal origins such as meat, milk, egg, and fish. In recent years, the demand for feed additives has escalated as they are also administered to the animals to stimulate the appetite and release antibiotics that kill any form of bacteria in the animal’s system. Looking forward, IMARC Group expects the market to reach US$ 48.2 Billion by 2027, exhibiting a CAGR of 5.1% during 2022-2027.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
Global Feed Additives Market Trends:
The market is primarily driven by the increasing consumption of meat products across the globe, as feed additives enhance the performance and health of animals. In addition, the outbreak of livestock diseases has increased the need for additives in poultry, aqua, and other animal-based products, thereby fueling the market growth. Furthermore, the rising concern for the quality of meat and meat-related products is also facilitating the adoption of additives for various livestock such as swine, cattle, and aquatic animals.
As a result, several manufacturers, including Cargill, Inc., Archer Daniels Midland Company, and Addcon Group, are adopting strategies to expand their market presence and cater to the demand for feed additives.
Moreover, manufacturers are continually engaging in research and development (R&D) activities to launch efficient variants in the market. For instance, they are adopting new techniques, such as lipid encapsulation, which are projected to enhance the stability and performance of the additives.
Global Feed Additives Market 2022-2027 Analysis and Segmentation:
Competitive Landscape With Key Players :
Also Read Blog: Top Feed Additives Companies in the World
Breakup by Source:
Market Breakup by Product Type:
- Amino Acids
- Monocalcium Phosphate
- Dicalcium Phosphate
- Mono-Dicalcium Phosphate
- Defulorinated Phosphate
- Tricalcium Phosphate
- Propionic Acid
- Formic Acid
- Citric Acid
- Lactic Acid
- Sorbic Acid
- Malic Acid
- Acetic Acid
- Mycotoxin Detoxifiers
- Flavors and Sweeteners
- Non-Protein Nitrogen
- Mold Inhibitors
- Anticaking Agents
- Essential Oils
- Herbs and Spices
- Streptococcus Thermophilus
Breakup by Livestock:
- Dairy Cattle
- Beef Cattle
- Aquatic Animal
Breakup by Form:
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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