According to the latest report by IMARC Group, titled “Feed Additives Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027“, the global feed additives market reached a value of US$ 35.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 48.2 Billion by 2027, exhibiting a CAGR of 5.1% during 2022-2027. Feed additives are products that are widely used in animal nutrition for improving the performance and health of animals. It is mainly used to increase feed efficiency, improve the quantity and quality of the animal products obtained, reduce the overall costs, and protect the health of animals. These are added to animal feeds in the right amounts and for the right purposes to offer several advantages to animal breeders.
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.
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Global Feed Additives Market Trends:
The global market is primarily driven by the growing consumption of animal-based products. This, in confluence with the increasing standardization of meat products due to several disease outbreaks, is significantly contributing to the market growth. Furthermore, the development of innovative animal husbandry practices to improve meat quality is positively influencing the market growth. Moreover, the widespread adoption of new forms of natural feed additives by the feed manufacturers, such as botanical additives, is creating a positive outlook for the market across the globe.
Key Market Segmentation:
Competitive Landscape With Key Players :
- Cargill
- ADM
- Dowdupont
- Evonik
- BASF
- DSM
- Solvay
- Ajinomoto
- Novozymes
- Hansen
- Invivo
- Nutreco
- Kemin
- Adisseo
- Alltech
Also Read Blog: Top Leading Feed Additives Companies in the World
Breakup by Source:
- Synthetic
- Natural
Breakup by Product Type:
- Amino Acids
- Lysine
- Methionine
- Threonine
- Tryptophan
- Phosphates
- Monocalcium Phosphate
- Dicalcium Phosphate
- Mono-Dicalcium Phosphate
- Defulorinated Phosphate
- Tricalcium Phosphate
- Others
- Vitamins
- Fat-Soluble
- Water-Soluble
- Acidifiers
- Propionic Acid
- Formic Acid
- Citric Acid
- Lactic Acid
- Sorbic Acid
- Malic Acid
- Acetic Acid
- Others
- Carotenoids
- Astaxanthin
- Canthaxanthin
- Lutein
- Beta-Carotene
- Enzymes
- Phytase
- Protease
- Others
- Mycotoxin Detoxifiers
- Binders
- Modifiers
- Flavors and Sweeteners
- Flavors
- Sweeteners
- Antibiotics
- Tetracycline
- Penicillin
- Others
- Minerals
- Potassium
- Calcium
- Phosphorus
- Magnesium
- Sodium
- Iron
- Zinc
- Copper
- Manganese
- Others
- Antioxidants
- Bha
- Bht
- Ethoxyquin
- Others
- Non-Protein Nitrogen
- Urea
- Ammonia
- Others
- Preservatives
- Mold Inhibitors
- Anticaking Agents
- Phytogenics
- Essential Oils
- Herbs and Spices
- Oleoresin
- Others
- Probiotics
- Lactobacilli
- Streptococcus Thermophilus
- Bifidobacteria
- Yeast
Breakup by Livestock:
- Ruminants
- Calves
- Dairy Cattle
- Beef Cattle
- Others
- Poultry
- Broilers
- Layers
- Breeders
- Swine
- Starters
- Growers
- Sows
- Aquatic Animal
- Others
Breakup by Form:
- Dry
- Liquid
Breakup by Region:
- Asia Pacific
- China
- North America
- Europe
- The Middle East and Africa
- Latin America
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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