Feed Additives Market to be Dominated by Livestock Products through 2028
Global
Feed Additives market is expected to grow in the forecast period 2024-2028 due
to rising demand of livestock products
According to TechSci Research
report, “Feed Additives Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Feed Additives Market
is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. A significant factor fueling the growth of the Global Feed
Additives Market is increasing demand for livestock
products. Additionally, increasing consumption of animal-based goods with
standardization of food products due to disease outbreaks, the demand for feed
additives rises which further fuels the growth of Global Feed Additives Market.
For instance, in September
2020, Adisseo acquired Framelco G to enhance the growth specialty feed
ingredients in animal nutrition.
Furthermore, the market is
being further stimulated by the growing demand for natural and organic based
feed additives as well as rising concern regarding the safety of animal health.
However, fluctuation in
raw material prices can slow down market growth. Also, stringent regulations on
the usage of some antibiotics can further slowdown market growth.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "Global
Feed Additives Market"
Global Feed Additives
Market is segmented based on ingredient type, livestock, form, and region.
Based on
ingredient type, the market is categorized into antibiotics, vitamins, enzyme,
antioxidants, probiotics, and others. Probiotics are expected to hold the largest market share
in the forecast period, 2024-2028. As they help to maintain and improve the
performance of the animal and prevent and control enteric pathogens.
Based on livestock,
the market is fragmented into poultry, ruminants, swine, aquatic animals, and
others. Poultry is expected to hold the largest market share in the forecast
period, 2024-2028. This is due to rising preferences for a specific color of
yolk and meat for consumption.
Based on form, the market is segregated into dry and liquid. Dry segment will
experience the highest market share during the forecast period, 2024-2028. Due
to its convenient storage and packaging, longer shelf life, and easy to use
features.
Major
companies operating in the Global Feed Additives Market are:
·
Bluestar Adisseo Co., Ltd
·
Koninklijke DSM N.V.
·
BASF SE
·
Nutreco N.V.
·
Cargill, Incorporated
·
Danisco Animal Nutrition & Health
·
Alltech, Inc.
·
The Archer-Daniels-Midland Company
·
Chr. Hansen Holding A/S
·
Evonik Industries AG
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“Asia
Pacific region is expected to grow at the highest rate during the forecast
period due to increasing
demand for processed meat and protein diets. Additionally, increasing demand
for feed additives for the enhancement of nutritional quality of feed as well
as increasing production of animal protein creates lucrative opportunities for
market growth. Furthermore, in North America, intense presence of the mills and
pet food producing industries as well as growing health concern with respect to
meat consumption create huge prospects of market growth during the forecast
period,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Feed Additives Market- Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028 Segmented By Ingredient Type
(Antibiotics, Vitamins, Enzyme, Antioxidants, Probiotics, Others), By Livestock
(Poultry, Ruminants, Swine, Aquatic Animals, Others), By Form (Dry, Liquid), By
Region and Competition, has evaluated the future
growth potential of global Feed Additives market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Feed Additives Market.”
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