Animal Feed Additives Market is set to experience value growth at 5.2% CAGR over the next ten years
Consumer understanding of the benefits of using feed additives to minimize disease prevalence has risen over the years. Protein building blocks are important for the health of livestock. With increased meat and seafood consumption, commercial farmers need high-quality, nutritionally rich feed for meat production, which is significantly contributing to the demand growth of animal feed additives.
To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/31218
The aquaculture market is growing due to rising urbanization and increasing individual income, resulting in high consumption of protein-rich meats. Change in customer preference for seafood as a source of protein has boosted demand for unusual fish species, raising overall seafood demand, thereby driving the sales of animal feed additives.
Mergers, collaborations, expansion, and investments are taking place in this marketplace at a rapid pace. Some of the key market developments are:
In 2019, Archer Daniel Midland opened an advanced livestock feed facility in Hoa Mac, Vietnam. This facility will produce feed for swine, poultry, and rabbits. It will further strengthen the company's industrial and commercial coverage in the Vietnamese feed market and expand its business in the region.
In 2018, Koninklijke DSM N.V. set aside US$ 3 Mn to expand its nutrition business and maintain its profit growth with focus on cost control and operational excellence The company strategizes to expand its nutrition business owing to increased customer centricity for nutrition in both, animals and humans.
Request For Report Customization@ https://www.persistencemarketresearch.com/request-customization/31218
Key Takeaways from Market Study
The market in countries of South Asia & Latin America is expected to expand at CAGRs of 7.8% and 7%, respectively, through 2031.
North America and Europe dominate the global market of animal feed additives with the shares of 25.6% and 19.6%, respectively.
Powder form of animal feed additives is witnessing a prominent market value share at 57.9%, which will be equivalent to revenue around US$ 37 Bn by 2031.
Poultry to hold 44.8% market value share and reach a market value around US$ 29.5 Bn by 2031.
The U.S. and China hold significant shares for animal feed additives in North America and East Asia, respectively.
With the unprecedented outbreak of COVID-19, sales of meat, poultry, and fish witnessed a sharp decline in 2020. Disruptions in the supply chain and global lockdowns further stagnated market growth.
Animal feed additives manufacturers are focusing on increasing their application by investing in research & development to develop new products. Manufacturers of animal feed additives are expected to continue coming up with numerous innovations to expand their product range.
In 2019, Archer Daniel Midland expanded its research & development capabilities with the opening of a new animal nutrition technology center in Decatur, U.S., to serve the needs of the broad animal nutrition market. This new technology center will put efforts toward improvement of ingredients and nutritional solutions for pet food, pet treats, and aquaculture feed.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/31218
Access Related Reports-
Mycotoxin Binding Agents Market: https://www.persistencemarketresearch.com/market-research/mycotoxin-binding-agents-market.asp
Feed Premix Market: https://www.persistencemarketresearch.com/market-research/feed-premix-market.asp
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - email@example.com
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Animal Feed Additives Market is set to experience value growth at 5.2% CAGR over the next ten years here
News-ID: 2699574 • Views: 275
More Releases from Persistence Market Research
Technological Apogee To Catalyse The Veterinary Orthopedic Implants Market
The Veterinary Orthopedic Implants Market is there to hit the exponential growth mark In Upcoming Years. This is the era of "online visibility". The key stakeholders in enterprises are into an exploration of new-fangled opportunities concerning digital media, as online competition is there to rule for the next few years. With end-users turning out to be netizens, search engine optimization is of paramount importance. This would be the net-oriented trend
Specialty Pharmaceuticals Market To Cut Through Linear Growth
The Specialty Pharmaceuticals Market is expected to grow at an unstoppable rate In Upcoming Years. With environmental health being a matter of concern, everything - right from public transport networks, power supply, and storage of waste to monitoring the ecological balance is being taken up by IoT and AI. It could, thus, be inferred that with "smart cities" would come "smart end-user solutions" in the years to come. Drug molecules that
Sterilization Services Market -Global Industry Trends, Share, Growth Insight, Si …
As per Persistence Market Research's latest industry analysis, the global sterilization services market is slated to top US$ 6.3 Bn by 2031, expanding at a CAGR of around 7.2% over the forecast period (2021-2031). With rising number of hospital-acquired infections (HAIs), demand for sterilization service is expected to grow at a high pace. Poor hygiene, infrastructure, and environmental conditions; inadequate equipment, lack of knowledge about infection control procedures, and dearth of
Electrophysiology Ablation Market Industry Analysis, Size, Share, Growth, Trends …
According to a recent study by Persistence Market Research, the global electrophysiology ablation market is expected to witness high growth from US$ 2.5 Bn in 2021 to US$ 6.3 Bn by 2031. This reflects a CAGR of around 8.4% over the forecast period (2021-2031). Rising morbidity and mortality due to cardiac disorders, especially arrhythmia, make this market more demanding. Moreover, new product innovation and increased adoption of electrophysiology ablation devices by
More Releases for America
Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles (www.nationalautoraffle.com) and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the