Feed Additives Market: Meticulous Research® Reveals Why This Market is Growing at a CAGR of around 5.1 % to Exceed $39.7 billion by 2027
Meticulous Research®– leading global market research the company published a research report titled “Feed Additives Market by
Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Amino Acids,
Vitamins, Minerals), Animal Type (Poultry, Aquatic Animals), Source
(Synthetic), and Geography- Global Forecast to 2027”
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| Feed Additives Market by Meticulous Research® |
According to this latest publication from MeticulousResearch®, in terms of value, the global feed additives market isexpected to grow at a CAGR of 5.1% from 2019 to reach $39.7 billion by 2027;whereas, in terms of volume, this market is expected to reach 27,832.1 KT by2027. The high growth of the feed additives market is majorly driven by the factors such as increasing demand for nutritious animal feed, increasing disease outbreaks in livestock, growing livestock industrialization and rising the proliferation of feed additives in the developing countries. Further, rising consumer demand for meat and dairy products also helps to boost the demand for feed additives in the market. However, the ban on the use of antibiotics is one of the major factors that may hinder the growth of the feed additives market over the coming years.
The global feed additives market study presents historical
market data in terms of value and volume (2017 and 2018), estimated current
data (2019), and forecasts for 2027- by type (performance additives and
specialty additives), animal type (poultry, ruminants, swine, aquatic animals,
and other), source (natural and synthetic), form (dry and liquid), and
geography. The study also evaluates industry competitors and analyzes the
market at the regional and country level.
In terms of value and volume, performance additives held
the largest share of the overall feed additives market in 2019. The large share
of this market is mainly due to the increasing awareness among the farmers
about the benefits of performance additives; rising demand for compound animal a feed with higher nutrient content, and growing use of performance additives to
improve feed intake, metabolism, and efficiency of feed utilization for
economic and eco-friendly livestock production.
The aquatic animal segment is estimated to witness rapid
growth in the overall feed additives market during the forecast period form
2019—2027. Nutrition and feeding play a central and essential role in the
sustained development of aquaculture and, therefore, feed resources are
continuing to dominate the aquaculture demands. In the last few years, fish
nutrition has advanced dramatically with the development of new balanced
commercial diets that promote optimal fish growth and health. Hence, the
growing aquaculture industry, increasing aqua feed production in the developing
countries, and a large requirement of essential nutrients for the proper growth
of aquatic animals are some of the major factors fuelling the demand for feed
additives from aquatic animal feed manufacturers.
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Based on the source, the natural
sources segment commanded the largest share of the overall feed additives
market in 2019. The large share of this segment is mainly attributed to the
increasing demand for organic meat and poultry products as it reduces the risk
of chronic diseases from livestock. According to the Soil Association Organization
(U.K.), in the U.K., the demand for organic eggs has increased, leading to a rise
in organic poultry farming which increased by 8.5% from 2016 to 2017. Thus,
the growth in organic poultry farming is further boosting the demand for
naturally sourced feed additives in the animal nutrition space.
Geographic Review
Geographically, the Asia-Pacific region is estimated to
witness the rapid growth in the overall feed additives market during the
forecast period. The rapid growth of this market in the Asia-Pacific region is
mainly attributed to the growing animal feed industry in the region. According
to Alltech Global Feed Survey, in 2018, feed production in Asia-Pacific the region was increased by 3% over 2017, which is primarily due to increased pig
and pet food production. Thus, the growing feed production in Asia-Pacific
fuels the demand for feed additives for the enhancement of nutritional quality
of feed. Further, the increasing production of animal protein in the region and
growing incidences of counterfeit meat and other products are some of the major
factors helping to drive the demand for feed additives in the region. However,
the factors such as the decreasing number of feed mills and uncertain
regulatory environment are expected to hinder the growth of feed additives
market in the region.
Key Players
Some of the major players operating in the global feed
additives market are Adisseo France SAS (France), Koninklijke DSM N.V. (The
Netherlands), BASF SE (Germany), Cargill Inc. (U.S.), Kemin Industries Inc.
(U.S.), Alltech Inc. (U.S.), Nutreco N.V. (The Netherlands), DuPont de Nemours,
Inc. (U.S.), Evonic Industries AG (Germany), Archer Daniels Midland (U.S.),
Addcon Group GmbH (Germany), Biovet S.A. (Spain), Royal AgriFirm Group. (The
Netherlands), Altilis Animal Nutrition (France), and Land O’Lakes Inc (U.S.)
among others.
Key questions answered in the report-
- Which are the high growth market segments in
terms of type, animal type, source, form, and countries?
- What was the historical market for feed additives
across the globe?
- What are the market forecasts and estimates
from the period 2019-2027?
- What are the major drivers, restraints, and
opportunities in the global feed additives market?
- Which are the major players in the global feed
additives market and what share of the market do they hold?
- Which are the major players in various
countries and what share of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the global
feed additives market?
- What are the different strategies adopted by
the major players in the global feed additives market?
- What are the geographic trends and high growth
countries?
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