Press release
Animal Feed Additives Market, valued at USD 17.26 Bn in 2021, is projected to grow at a CAGR of 5.5 percent from 2022 to 2029, reaching a market value of nearly USD 26.49 Bn.
Animal Feed Additives Market
The increasing consumption of meat and recent disease outbreaks have fueled the demand for additives in animal-based products, particularly in poultry and aquaculture. The use of additives enhances animal performance and health, indirectly impacting human food product quality. The market is poised for significant growth due to rising meat consumption and the need for improved animal nutrition.
Our comprehensive report on the Animal Feed Additives Market provides detailed insights into market trends, dynamics, and growth opportunities. The study incorporates a robust research methodology, including primary and secondary research, to gather accurate and reliable data. We have utilized various industry-leading tools and techniques to analyze the market and present a holistic view of the industry.
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Animal Feed Additives Market Dynamics:
The growth of the Animal Feed Additives Market is driven by several factors. Firstly, the increasing demand for livestock-based products such as meat, dairy, and eggs has led to the expansion of feed additive usage for the growth and development of farm animals. Poultry meat, in particular, has witnessed significant growth due to its affordability and increasing demand. Additionally, there is a growing preference for animal-sourced protein, which has fueled the demand for additives that improve animal health and productivity. Probiotics, such as direct-fed microbial, are gaining popularity in the animal feed sector, especially with the European Union's ban on antibiotics in animal feed. The livestock industry is adapting to meet consumers' expectations for safe and clean meat-based products, presenting favorable opportunities for animal feed additive manufacturers.
Despite the positive growth prospects, the Animal Feed Additives Market faces certain challenges. Stringent regulations and standards regarding the use of additives in animal feed, especially in relation to food safety and quality, pose a hurdle for market players. Compliance with these regulations can be complex and may require additional investments. Furthermore, the market is influenced by factors such as volatile raw material prices and the availability of alternative feed options. Manufacturers need to address these challenges to ensure sustainable growth in the market.
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Animal Feed Additives Market Regional Insights:
The Asia Pacific region is expected to dominate the global Animal Feed Additives Market during the forecast period. This growth is attributed to the rising consumption of animal products in the region, with China being a key contributor.
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Animal Feed Additives Market Segmentation
By Livestock:
• Swine
• Ruminants
• Poultry
• Aquatic Animals
• Others
By Product Type:
• Amino Acids
• Antioxidants
• Feed Enzymes
• Feed Acidifiers
• Vitamins
• Minerals
• Binders
• Antibiotics
• Others
By Function:
• Single Function
• Multifunction
By Form:
• Dry
• Liquid
• Others
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Animal Feed Additives Market Key Competitors include:
• BASF SE
• Alltech Inc
• Cargill, Inc.
• Novozymes A/S
• Evonik Industries AG
• Charoen Pokphand Foods Public Company Limited
• Nutreco N.V.
• Addcon Group
• Archer Daniels Midland Company
• Adisseo France SAS
• Kemin Industries
• Chr. Hansen Holding A/S
• Biomin
• Aliphos Belgium S.A
• Koninklijke DSM N.V
• Phibro Animal Health Corporation
• Biotech JSC
• Danisco Animal Nutrition, Biomin,
• Ajinomoto Co., Inc.
• Adisseo France SAS.
• Kemin Industries, Inc.
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Table of Content for Animal Feed Additives Market
Global Animal Feed Additives Market: Research Methodology
Global Animal Feed Additives Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Animal Feed Additives Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Animal Feed Additives Market Segmentation
Global Market, by Livestock (2021-2029)
Global Market, by Product Type (2021-2029)
Global Market, by Function (2021-2029)
Global Market, by Form (2021-2029)
Regional Animal Feed Additives Market (2021-2029)
Regional Market, by Livestock (2021-2029)
Regional Market, by Product Type (2021-2029)
Regional Market, by Function (2021-2029)
Regional Market, by Form (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Livestock, Product Type, Function and Form
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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