Feed Additives Market Size, Scope, Growth Opportunities, Trends by Manufacturers And Forecast to 2028

According to Precision Business Insights (PBI), the latest report, the feed additives market is expected to be worth USD 40.5 billion in 2022, growing at a 5.7% CAGR from 2022 to 2028. The global Feed Additives market is segmented into the following types: By Type (Amino acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors & Sweeteners, Antibiotics, Minerals, Antioxidants, Non-protein Nitrogen, Phytogenics, Preservatives, and Probiotics), By Livestock (Poultry, Ruminants, Swine, Aquatic animals, and Other Livestock), By Form (Dry and Liquid), By Source (Synthetic and Natural), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) Forecast to 2028. Key players' profiles in the Feed Additives market report are AFB International, Alltech, Kemin Industries, Inc., Vitablend Asia Pacific Pte. Ltd., Kalsec, Inc., DSM, Ameri-Pac, Inc., BASF SE, Evonik Industries AG, FoodSafe Technologies, Lallemand, Inc., DuPont. Malnutrition and vitamin deficiencies caused by nutrient inadequacies in animal feed harm the growth and development of the animals, and in certain severe situations, they can even cause fatalities and irreparable health problems. The lack of critical minerals and vitamins in animal feed due to farming methods that aim to optimize productivity highlights the demand for high-value animal feed additives. In addition, the need for high-quality food products has prompted farmers to use sustainable agriculture techniques. Since animal substance misuse is a crime, the cattle business is particularly under pressure to adopt ethical animal breeding procedures. A nutritious diet increases the output of animals while also enhancing the quality of final products like milk and eggs. Producers of animal feed additives are actively investing in research and development to create nutrient-rich animal feed additives since animals are susceptible to what they consume.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/feed-additives-market/

Amino Acid Segment to Dominate the Feed Additives Market:
The amino acid segment is expected to account for a larger revenue share in the global feed additives market, with a value share worldwide. It is projected to grow at a 5.9% CAGR between 2022 and 2028. Animals benefit from the growth-supporting and disease-prevention qualities of amino acids. They include, among other things, lysine, methionine, and cysteine. They play a crucial role in protein synthesis and guard animals against illnesses like herpes. Such elements make the usage of amino acids as an addition extremely vital. The demand for amino acids is expected to increase during the projection period due to a general scarcity of amino acids in cattle and growing worries about animal tissue disintegration.

Asia Pacific Feed Additives Market:
The Asia Pacific market is expected to increase in the global feed additives market over the forecast period. It is projected to grow at a CAGR of 6.1% in the coming years. The presence of a sizable cattle population and their growth rate drives the market in the area. In addition, the region has seen a growth in the number of feed mills and feed output, especially in nations like India and Japan. The region's increased feed production is reflected in the rise in the number of feed mills there. Thailand and Indonesia are the developing feed-producing nations, while India and Japan show consistent development in feed production. China, the region's largest feed producer, dramatically contributes to the region's leadership position.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=56607

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global feed additives market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In February 2021, Alltech and DLG Group came together to focus on delivering profitability and efficiency to livestock producers in Scandinavia. Both the companies are finalizing the purchase of the Finnish company, Kärki-Agri. In November 2020, Evonik expanded its customer service offering for its animal nutrition customers by introducing a new digital portal called 'myAMINO.' Through this portal, the company has brought together its digital customer activities and services and added two web stores. It would help the company to strengthen its animal nutrition business.

Detailed Segmentation:
Based on the type, the market is segmented into the following:
• Amino acids
• Phosphates
• Vitamins
• Acidifiers
• Carotenoids
• Enzymes
• Mycotoxin detoxifiers
• Flavors & sweeteners
• Antibiotics
• Minerals
• Antioxidants
• Non-protein nitrogen
• Phytogenics
• Preservatives
• Probiotics

Based on the livestock, the market is segmented into the following:
• Poultry
• Ruminants
• Swine
• Aquatic animals
• Other livestock

Based on the form, the market is segmented into the following:
• Dry
• Liquid

Based on the source, the market is segmented into the following:
• Synthetic
• Natural

Request Methodology: https://precisionbusinessinsights.com/request-methodology?product_id=56607

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.