Animal Feed Additives Market Is Thriving Worldwide | BASF, Alltech, Novus International, Inc., DSM

The demand for animal feed additives has been thriving extensively since the last few years, a feat that can be majorly attributed to the rising consumption of meat and poultry food products worldwide. Indeed, animal feed additives play a crucial role in ensuring that the quality and health of source livestock are maintained to their highest standards.
Everyday meals in many regions across the world mostly comprise of pork, fish and eggs, often defining the food economics of the area and stimulating the regional demand for animal-based food. It has become extremely vital for producers to guarantee the all-round wellbeing of their livestock, generating significant demand for nutritional feed products.
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It has long been suggested that meals constituted only of basic raw materials such as soybean, maize and fat do not contain all essential nutrients, rendering the feed inadequate for animals to achieve optimal performance. Subsequently, ingredients like vitamins, enzymes and amino acids are added to the livestock food through supplements for countering issues like low digestibility, microbial contamination, color as well as to improve the complete nutritional value.
China animal feed additives market may surpass 4.5 billion up to 2024. Increasing investments in livestock industry supported by government assistance may positively favor regional industry growth. China is a major producer for animal feed additives which act as another driving factor for industry growth.
Global animal feed additives market is consolidated and highly competitive with key players include Alltech Inc., Biomin Holdings GmbH, Dr. Eckel GmbH, Impextraco, IPTSA (Industrial T?cnica Pecuaria), Kemin Industries, Lucta, MIAVIT GmbH, Novus International, Inc., Nutriad, Orffa, DSM, BASF SE, Dupont, Andres Pintaluba, S.A, Cargill, Nutreco N.V, Neovia, Archer Daniels Midland Company (ADM), Kaesler Nutrition GmbH
Globally, there have been numerous cases of disease outbreaks resulting from infected animals being consumed, while in some scenarios farmers or breeders have experienced significant losses when their livestock die of sickness. The most recognized instances could be the eruption of swine flu a few years ago or occurrences of bird flu in China reported recently. In addition to veterinary care for avoiding such occurrences, suitable animal feed additives used in the right amounts and administered efficiently have the potential to enhance the overall health of animals destined to be served on the table.
A notable portion of this growth can expectedly be attributed to the pets segment, as the purchase and adoption of domesticated animals is also on the rise. Feed additives can enhance the diets of pet animals to strengthen their bones and joints, enrich hair color and growth, along with protecting them against illness.
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Split by Livestock type, the market has been divided into:
o Poultry
o Aquaculture
o Cattle

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