Feed Additives market is expected to grow at a CAGR of 4.53% between 2018 and 2024

Knowledge Sourcing Intelligence announces the publication of a new report on “Feed Additives Market- Forecasts from 2019 to 2024" to their offering. A feed additive is incorporated into animal feed to enhance the quality of feed and the quality of food from animal origin and to improve animal performance and health like providing enhanced digestibility of the feed materials.

This report provides forecast and analysis of the Feed Additives Market which is estimated to surge US$40.108Billion by 2024. The global feed additive market is driven by the rising consumption of livestock commodities. According to FAO, the aggregate consumption of meat is expected to increase from 41.3 kg per capita in 2015 to 45.3 kg per capita in 2030. The global demand for livestock products is projected to increase by 70 percent to feed a population estimated to reach 9.6 billion by 2050. Rising consumption of meat and other livestock commodity is increasing the concern related to the health of the livestock thereby boosting the growth of the livestock feed market. An increase in livestock population coupled with a shift of the livestock industry from the unorganized sector to an organized further increase the feed additive market growth. Buffaloes, chicken, fish, and other animals are raised to meet the ever-increasing demand for livestock products.

The feed additive market is segmented by product, livestock, source, form, and geography. By product, the market is segmented into antibiotics, enzyme, vitamin, amino acid, antioxidants, acidifiers, minerals, and others. By livestock, the market is segmented into aquatic animals, poultry, swine, cattle, and others. By form, the market is segmented as dry and liquid and on the basis of source, the market is segmented into synthetic and natural. Geographically feed additive is segmented as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Asia Pacific region is expected to drive the global feed additive market due to the rising demand for animal meat protein. There has been a rapid rise in meat consumption in China owing to its increasing per capita income. Implementationadoptions of innovative animal husbandry practices in this region are expected to boost the feed additives demand in the region.

Some of the major players covered as part of the report Cargill Incorporated, BASF SE, Novozymes, Adisseo France SAS, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, AlltechInc, Elanco Animal Health, DSM, Nutriad, Kemin Industries Inc., Lallemand Inc., Biovet, S.A. National Bluestar (Group) Co, Ltd., Advanced Enzyme Technologies and AB Vista among others.

This report segmented the Feed Additives market on the basis following terms:

• By Product Type
• Antibiotic
• Tetracycline
• Penicillin
• Enzyme
• Carbohydrates
• Phytases
• Others
• Vitamin
• Vitamin A
• Vitamin E
• Vitamin B
• Vitamin C
• Vitamin D
• Others
• Amino Acids
• DL-Methionine
• L – Lysine HCI
• L – Threonine
• L – Tryptophan
• Antioxidant
• Ethoxyquin
• BHA
• BHT
• Acidifiers
• Inorganic
• Organic
• Compound
• Minerals
• Micro
• Macro
• Others

• By Livestock
• Aquatic
• Poultry
• Swine
• Cattle
• Others

• By Form
• Dry
• Liquid
• By Source
• Synthetic
• Natural

• By Geography
o North America
 United States
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 Germany
 France
 UK
 Spain
 Others

o Middle East and Africa
 Israel
 Saudi Arabia
 Others

o Asia Pacific
 China
 Japan
 South Korea
 India
 Others

Purchase complete report or request sample https://www.knowledge-sourcing.com/report/feed-additives-market

Suite 406, H-140,
Sector 63, Noida,
U.P., India - 201301

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.