New Revenue Sources in Feed Additives Market

The global feed additives market size was valued at US$ 38.1 billion in 2021 and is projected to reach US$ 49.6 billion by 2026 at a CAGR of 5.5% from 2021 to 2026. Asia-Pacific is expected to have the fastest growth in the market.

The North America region is the second-largest region in the market in the forecast period

North America is the second-largest region in the global market in the forecast period. The feed additives market in North America is majorly driven by the growth in livestock population in US and Mexico. The region witnesses high production and consumption of feed additives. The presence of major feed additive manufacturers such as Cargill (US), ADM (US), DuPont (US), Kemin Industries Inc. (US), and Alltech (US), further drives the market.

https://www.marketsandmarkets.com/Market-Reports/feed-additives-market-870.html

The ruminants segment accounts for the second largest market share in the market

Based on livestock, ruminants is the second-largest segment in the overall market. The growth of this segment is majorly attributed to the rising demand for dairy and dairy-based products such as milk, cheese, yogurt, and butter in both developed and developing countries.

The natural segment is projected to account for the second-largest share in the feed additives market during the forecast period

By source, the market is segmented into synthetic and natural. Natural segment accounted for the second-largest market share in the overall market. The demand for natural feed additives is increasing due to the demand for higher-quality animal feed and rising concerns of end consumers about obtaining animal-based products.

https://www.prnewswire.com/news-releases/feed-additives-market-worth-49-6-billion-by-2026--exclusive-report-by-marketsandmarkets-301286559.html

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Cargill (US), ADM (US), DuPont (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Novozymes (Denmark), Chr. Hansen (Denmark), Ajinomoto (Japan), TEGASA (Spain), Nutreco (Netherlands), Kemin Industries Inc. (US), Adisseo (France), Alltech (US), Palital Feed Additives B.V (Netherlands), Global Nutrition International (France), Centafarm SRL (Italy), Bentoli (US), NUQO Feed Additives (France ), and Novus International Inc. (US).

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