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Global Nutritional Feed Additives Market Size, Share, Trends, Industry Analysis, Business Overview, Future Challenges And Forecast To 2032
Nutritional Feed Additives Market
As per the nutritional feed additives market report by The Business Research Company, The rise in consumption of meat products is one of the driving factors for the nutrition feed additives market. Due to high meat consumption, the concern for high-quality meat is also increasing. Thus, to deliver high-quality meat, add-on nutrition feed additives are fed to the animals so that they have good digestion to build on more muscle and weight. This increases the yield and productivity and, hence, the demand for nutritional feed additives. Currently, meat and poultry consumption in the US is more than 100 billion pounds every year.
The global nutritional feed additives market size will grow from $3.89 billion in 2022 to $4.19 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global nutritional feed additives market size is expected to grow to $5.41 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the nutritional feed additives market include BASF SE, Cargill, Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Kemin Industries Inc., Adisseo, Alltech, Phibro Animal Health Corporation, and DowDuPont
The nutritional feed additives market is segmented -
By Distribution Channel: Direct, Indirect, Hypermarket/Supermarket, Specialty Stores, Online Retail
By Livestock: Ruminants, Poultry, Swine, Aquatic
By Additive Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Flavors And Sweeteners, Pigments, Binders, Minerals
By Form: Dry, Liquid, Other Forms
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the nutritional feed additives market.
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Nutritional feed additives various types of products used in animal nutrition to improve the nutritional content and quality of feed, or to improve the health and performance of animals. They help improve the nutritional content and quality of feed, resulting in higher productivity and disease prevention.
The Table Of Content For The Nutritional feed additives market Include:
1. Executive Summary
2. Nutritional Feed Additives Market Characteristics
3. Nutritional Feed Additives Market Trends And Strategies
4. Nutritional Feed Additives Market - Macro Economic Scenario
5. Nutritional Feed Additives Market Size And Growth
........
26. Africa Nutritional Feed Additives Market
27. Nutritional Feed Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nutritional Feed Additives Market
29. Nutritional Feed Additives Market Future Outlook and Potential Analysis
30. Appendix
The "Global Nutritional feed additives market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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