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Feed Additives Market Insights 2023, Industry Overview, Growth Factors And Trends Forecast To 2032
Feed Additives Global Market
Feed Additives Market Size, Growth Rate, And Forecast
The global feed additives market size is expected to grow from $18.28 billion in 2022 to $19.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. 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 feed additives market size is expected to reach $25.83 billion in 2027 at a CAGR of 6.8%.
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Feed Additives Market Drivers
The growing meat and dairy products are expected to propel the growth of the feed additives market going forward. Meat, which is defined as the flesh of animals (including fish and birds) that is consumed as food and can be a part of a healthy diet, and dairy products include milk and any milk-based foods such as butter, cheese, ice cream, etc. Feed additives are products that are added to animal feed to help meet the animals' nutritional needs. It encourages the production of meat and dairy products in order to improve the quality of animal feed and food.
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Feed Additives Market Segments
1) By Product Type: Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors And Sweeteners, Antibiotics, Other Products
2) By Livestock: Poultry, Ruminants, Swine, Aquatic Animals, Other livestock
3) By On Source Type: Synthetic, Natural
4) By Form: Liquid, Dry
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacifc was the largest region in the Feed Additives market.
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Feed Additives Market Key Players
Major competitors in the Feed Additives market include Cargill Incorporated, Archer Daniels Midland (ADM) Company, DuPont de Nemours Inc., Evonik Industries AG
The Table Of Content For The Feed Additives Market Include:
1. Executive Summary
2. Feed Additives Market Characteristics
3. Feed Additives Market Trends And Strategies
4. Feed Additives Market - Macro Economic Scenario
5. Feed Additives Market Size And Growth
……
27. Feed Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Feed Additives Market
29. Feed Additives Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Feed Additives Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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