Market
Scenario
Market Research
Future (MRFR) studied the feed additive market 2020 for the review period 2023
to 2030. By 2023, the feed additives market can rise at 7.20% CAGR, reveals MRFR study. The feed additive market value can
significantly escalate in the analysis period. The expansion of the world
population is creating considerable demand for food, boosting the need for
accelerated agriculture. Feed additives are food supplements that farmers feed
their livestock.
These feed
additives market outlook make livestock healthy, so that they can give
better yield and contribute effectively to agriculture. The high productivity
in agriculture offered by livestock fed on feed additives that comprise
nutrients, minerals, ions, vitamins, proteins, and other nutrients is expected
to underpin the expansion of the feed additives market in the review
period. The rise in prominence of feed
additives among farmers as they aid in both qualitative and quantitative
production by livestock can add momentum to the global market. Changing
lifestyle, rise in preferences for natural products by consumers can augment
the feed additive market through the review period. In addition, increase in
meat consumption can drive the feed additives market along the assessment
period. On the flip side, strict regulatory procedures and constant fluctuation
of cost of raw material can hinder the growth of the feed additives market.
Other crucial factors are studied meticulously and detailed in the report that
are prepared by proficient analysts.
Global Feed
Additives Market: Segmental Analysis
The segment
assessment of the feed additives market is done by livestock, type, and form.
The type based
segment of the feed additives market are amino acids, vitamins, acidifiers,
enzymes, carotenoids, minerals, prebiotics, and lipids among others. The amino
acids type segment can have a greater hold on the global market in the review
period.
The mode of form
based segment of the feed additives market are liquid and dry. The dry segment
can have significant prominence in the global market. The segment can acquire
about 87.45% share of the worldwide market. The easy availability of additives
in dry form that offers high shelf life can favor the market in the years
ahead.
The mode of
livestock based segment of the feed additives market are ruminants, swine, and
poultry among others. The poultry segment can dominate the global market as the
demand for poultry is observed to rapidly surge in the world.
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Regional
Insights
Asia Pacific feed
additive market insight can earn a significant revenue by the end of
the analysis period. India is expected to contribute largely to the expansion
of the feed additive market in the region. According to MRFR regional
assessment, India can gain considerable revenue for the feed additives market
from its livestock population. Urbanization and strong economy are regional
pursuit that can benefit the market. In addition, the existence of a large
number of feed mills can also influence the market to a greater extent. The
lenient agriculture regulations in APAC can contribute significantly to the
augmentation of the feed additive market in the study period. The rise in
foreign investment for a large-scale production of feed additives can support
the expansion of APAC market in the analysis period. North America feed
additives market can thrive in the years ahead, following Europe.
Competitive
Dashboard
Alltech Inc.
(U.S.), Cargill Inc. (U.S.), Evonik Industries (Germany),
Archer-Daniels-Midland Company (U.S.), Danisco A/S (Denmark), BASF SE
(Germany), and Adisseo France SAS (France) are some reputed enterprises that
are operating in the feed additives market as stat.
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