Feed Additives Market to Grow at 5.1% During 2023-2028

According to the latest report by IMARC Group, titled,"Feed Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global feed additives market size reached US$ 37.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 50.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

Food additives represent the various edible substances that are added to meals to improve their appearance, color, texture, and shelf-life. Commonly available substances include enzymes, hydrocolloids, edible colors, flavors, and preservatives that can be produced artificially or derived from natural sources, such as animals, plants, and minerals. Food additives are usually added to products, including desserts, soups, baked goods, sauces, and baby eats, to prevent microbial growth and contamination while increasing the overall shelf-life. As a result, these substances find widespread applications in confectionery items, beverages, spices, dressings, dairy, frozen desserts, etc.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Industry Growth:

The rising urbanization levels and the expanding food and beverage (F&B) industry are among the primary factors driving the food additives market. Besides this, the escalating demand for convenience meals, on account of the changing dietary preferences and hectic schedules of the consumers, is further augmenting the market growth. Moreover, the growing popularity of flavoring agents, colorants, organic preservatives, stevia-based sweeteners, and extracts that have no adverse effects on the health is also catalyzing the global market. Apart from this, the increasing number of quick-service restaurants (QSRs) and the emerging café culture, especially in the developing nations, are acting as significant growth-inducing factors. Furthermore, the launch of innovative product variants in several flavors, advancements in processing technologies, and extensive research and development (R&D) activities are expected to bolster the food additives market in the coming years.

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Key Segmentation:

Competitive Landscape With Key Players :

The report has also analyzed the competitive landscape of the market with some of the key players being:

• Cargill Incorporated
• Archer Daniels Midland (ADM) Company
• Dupont De Nemours Inc.
• Evonik Industries AG
• BASF SE
• Koninklijke DSM N.V.
• Solvay S.A
• Ajinomoto Co. Inc
• Novozymes A/S
• Chr. Hansen Holding A/S
• Invivo Communications Inc
• Nutreco N.V.
• Kemin Industries, Inc
• Adisseo France SAS
• Alltech

Also Read Top Leading Feed Additives Companies in the World: https://www.imarcgroup.com/feed-additives-companies

Breakup by Source:

• Synthetic
• Natural

Breakup by Product Type:

Amino Acids

• Lysine
• Methionine
• Threonine
• Tryptophan

Phosphates

• Monocalcium Phosphate
• Dicalcium Phosphate
• Mono-Dicalcium Phosphate
• Defulorinated Phosphate
• Tricalcium Phosphate

Vitamins

• Fat-Soluble
• Water-Soluble

Acidifiers

• Propionic Acid
• Formic Acid
• Citric Acid
• Lactic Acid
• Sorbic Acid
• Malic Acid
• Acetic Acid
• Others

Carotenoids

• Astaxanthin
• Canthaxanthin
• Lutein
• Beta-Carotene

Enzymes

• Phytase
• Protease

Mycotoxin Detoxifiers

• Binders
• Modifiers

Flavors and Sweeteners

• Flavors
• Sweeteners

Antibiotics

• Tetracycline
• Penicillin

Minerals

• Potassium
• Calcium
• Phosphorus
• Magnesium
• Sodium
• Iron
• Zinc
• Copper
• Manganese

Antioxidants

• Bha
• Bht
• Ethoxyquin

Non-Protein Nitrogen

• Urea
• Ammonia
• Others

Preservatives

• Mold Inhibitors
• Anticaking Agents

Phytogenics

• Essential Oils
• Herbs and Spices
• Oleoresin
• Others

Probiotics

• Lactobacilli
• Streptococcus Thermophilus
• Bifidobacteria
• Yeast

Breakup by Livestock:

Ruminants

• Calves
• Dairy Cattle
• Beef Cattle

Poultry

• Broilers
• Layers
• Breeders

Swine

• Starters
• Growers
• Sows

Aquatic Animal

Breakup by Form:

• Dry
• Liquid

Breakup by Region:

• Asia Pacific
• China
• North America
• Europe
• The Middle East and Africa
• Latin America

Key highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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• https://www.imarcgroup.com/data-governance-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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