Global Feed Additives Market, By Source (Amino acid, Vitamins, Antibiotics, Anti-Oxidants, Feed Acidifiers Feed enzymes, Others), Livestock (Dairy Farms, Poultry, Pork/Swine, Cattle, Aquaculture, Others), Form (Dry, Liquid), Function (Nutrition, Immunity, Productivity), Category (Conventional, Organic), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Feed Additives Market
Feed additives market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 78.5 billion by 2029 and grow at a CAGR of 6.30% in the above-mentioned forecast period.
Feed additives basically aids in maintaining and improving the nutritional value of the food and these feed additives can also help to keep the feed longer and fresh. They enrich foods with vitamin C and generally taste as sugar that help in maintaining animal health adequately.
The factors such as increased demand for animal products and their feeds and increasing focus towards animal health all over the world emerge as the major factor fostering the growth of the feed additives market. On the other hand, increase in demand for animal meat products and its use is further estimated to cushion the growth of the market. However, the high cost of raw materials impedes the growth of the feed additives market.
The increasing focus towards expansion and development of product lines will create lucrative opportunities growth of the feed additives market. On the flip side, stringent government regulations on product approval is projected to challenge the market within the forecast period.
This Feed additives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Feed additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Feed Additives Market Scope and Market Size
The feed additives market is segmented on the basis of source, livestock, form, category and function. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the market is segmented into amino acid, vitamins, antibiotics, anti-oxidants, feed acidifiers feed enzymes and others. The vitamin segment is further segmented into vitamin A, vitamin C, and vitamin K. Amino acid is also categorized into tryptophan, lysine and methionine. The feed enzymes are sub-segmented into phytase and non-starch polysaccharides and others.
- On the basis of livestock, the feed additives market is segmented into dairy farms, poultry, pork/swine, cattle, aquaculture and others.
- Based on the form, the feed additives market is segmented into dry and liquid.
- On the basis of category, the feed additives market is segmented into conventional and organic.
- On the basis of function, the market is segmented into nutrition, immunity and productivity.
Feed Additives Market Country Level Analysis
The feed additives market is analyses and market size, volume information is provided by source, livestock, form, category and function as referenced above.
The countries covered in the feed additives market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the feed additives market due to the stringent regulations regarding meat quality and high availability of raw materials such as dextrose, maize, and corn in the region. Asia-Pacific is expected to show lucrative growth due to growing population along with rising living standards, which increases demand for meat in the region.
The country section of the Feed additives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Feed Additives Market Share Analysis
The feed additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to feed additives market.
Some of the major players operating in the feed additives market report are Cargill, Incorporated, Alltech, BASF SE, Delacon Biotechnik GmbH, corporate.evonik, DSM, Adisseo., INVIVO, novozymes, Ajinomoto Co., Inc., Kemin Industries, Inc., Elanco, Dow, DuPont, Natural Remedies and Synthite Industries Ltd among others.