Global Feed Nodifiers Market, By Type (Micotoxin Binders and Others), Livestock (Poultry, Layers, Breeders, Swine, Aquatic Animals, Others), Source (Inorganic, Organic), Form (Dry, Liquid) 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 Modifiers Market
Data Bridge Market Research analyses that the feed modifiers market will project a compound annual growth rate (CAGR) of 4.60% during the forecast period of 2022-2029. The increased focus on market trends is causing an increase in demand for natural feeds. The market is growing due to high growth in natural feeds, countries, and innovative technologies for mycotoxins in animal feed and ingredients.
Feed modifier is a synthetic and organic substance that is added to animal feed in small amounts to kill mycotoxins and stop and prevent them from entering livestock bloodstreams. This binder is known as mycotoxin binder in livestock, and it contains clay, silicates, charcoal, and yeast. This improves the biological process, the environment, and reduces the animals' reliance on antibiotics.
Increased demand for feed palatability enhancers and modifiers has resulted from increased demand for animal-based products, the need to increase livestock productivity, and the implementation of innovative and modern animal husbandry practises. Rising emphasis on animal health will also accelerate market growth, and a growing shift toward natural growth promoters is also helping to drive market growth. Furthermore, feed modifiers market players provide trends and opportunities for the market in the forecast period.
Feed palatability enhancers and modifiers have risen to prominence in the field of feed supplements, as they have a significant impact on the development of the animal feed industry. The use of feed palatability enhancers and modifiers has increased animal feed intake as well as the sweetness of animal feed.
However, the widespread use of mould inhibitors, acidifiers, and other feed preservatives, as well as a lack of awareness among small-scale livestock growers, will act as a restraint and a challenge in the feed modifiers market during the forecast period.
This Feed modifiers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 modifiers 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 Modifiers Market Scope and Market Size
Feed modifiers market is segmented on the basis of type, livestock, source and form. The growth among segments helps to analyse 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 type, the feed modifiers market is segmented into micotoxin binders and others.
- On the basis of livestock, the feed modifiers market is segmented into poultry, layers, breeders, swine, aquatic animals and others.
- On the basis of source, the feed modifiers market is segmented into inorganic and organic.
- Based on form, the feed modifiers market is segmented into dry and liquid.
Feed Modifiers Market Country Level Analysis
The global feed modifiers market is analyses and market size, volume information is provided by country by type, livestock, source and form as referenced above.
The countries covered in the feed modifiers 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 is expected to hold the largest market share in the feed modifiers market. The dominance is driven by an increase in the risk of mycotoxin binders and modifiers in animal feed, and the level of acceptability of mycotoxin binders and modifiers in animal feed in this region is high in comparison to other regions. The Asia-Pacific market for feed palatability enhancers and modifiers is expected to grow at the fastest rate during the forecast period, owing to the region's expanding feed industry. The market is expected to grow at the fastest rate during the forecast period, with China and India being the region's largest country-level markets for feed palatability enhancers and modifiers. The region's feed palatability enhancers and modifiers market is being driven by the increasing commercialization and modernization of animal husbandry, as well as a growing awareness of the importance of feed quality in animal productivity.
The country section of the feed modifiers 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 Modifiers Market Share Analysis
The feed modifiers 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 modifiers market.
Some of the major players operating in the feed modifiers market report are Alltech, Inc., Archer Daniels Midland Company, BASF SE, BIOMIN Holding GmbH, Cargill, Incorporated, Kemin Industries, Inc., Novus International, Nutreco NV, Nutriad, Perstorp Holding AB Holding AB, Biomin Holding GmbH, Pancosma SA, Corbion NV, Nutrex NV, Impextraco NV, Novus International, Inc., Jefo Nutrition, Inc., Kemira OYJ, Kemin Industries, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.