Animal Feed Additives Market Sales Revenue, Trends, Top Leaders, Future Scope and Outlook

Animal Feed Additives Market revenue is expected to grow at 5.5% CAGR through 2023 to 2029, reaching nearly USD 26.48 Bn.

Animal Feed Additives Market Report Scope and Research Methodology

Report Scope:

The Animal Feed Additives Market Research Report for 2023 offers a comprehensive analysis of the global market. The report delves into market dynamics, drivers, restraints, and regional insights, providing valuable information for industry stakeholders.

Research Methodology:

Our research methodology incorporates rigorous data collection techniques and in-depth analysis to provide accurate market intelligence. The report offers a holistic view of the Animal Feed Additives Market, featuring both quantitative and qualitative assessments, competitive analysis, and regional perspectives.

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What are Animal Feed Additives Market Dynamics?

Market Drivers:
The growing consumption of meat, coupled with recent disease outbreaks, has created a demand for additives in poultry, aquaculture, and other animal-based products. These additives play a vital role in enhancing animal performance and health, indirectly influencing the quality of human food products. Improved digestion and reproduction are among the benefits animals gain from the consumption of additives.

Market Restraints:

While the use of feed additives is expected to increase in response to rising demand for livestock-based products, the market may face challenges due to production costs and price fluctuations of additives.

Animal Feed Additives Market Segmentation?

The market for animal feed additives is divided into segments for swine, ruminants, poultry, aquatic animals, and others based on livestock and equipment. Based on livestock, the feed additives market is predicted to have the largest and fastest-growing poultry segment. Growing worries about animal health and customer desires for a certain yolk and meat colour have led to an increase in the need for chemicals for poultry feed. Stricter regulations and standards have been put in place as a result of the increase in diseases like the avian flu, which has increased demand for specialised chemicals. Furthermore, it is anticipated that during the course of the forecast period, the demand for poultry feed will rise due to the forecasted significant growth in global chicken meat production.

The Animal Feed Additives market is divided into three categories based on form: Dry, Liquid, and Others. Animal producers prefer the dry section because it is simpler to handle, mix with feed, and store. Its availability in pellet and mash forms gives consumers more options for combining techniques, which should aid in the growth of this sector.

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Who are Animal Feed Additives Market Key Players?

1. BASF SE
2. Alltech Inc
3. Cargill, Inc.
4. Novozymes A/S
5. Evonik Industries AG
6. Charoen Pokphand Foods Public Company Limited
7. Nutreco N.V.
8. Addcon Group
9. Archer Daniels Midland Company
10. Adisseo France SAS
11. Kemin Industries
12. Chr. Hansen Holding A/S
13. Biomin
14. Aliphos Belgium S.A
15. Koninklijke DSM N.V
16. Phibro Animal Health Corporation
17. Biotech JSC
18. Danisco Animal Nutrition, Biomin,
19. Ajinomoto Co., Inc.
20. Adisseo France SAS.
21. Kemin Industries, Inc.

Table of content for the Animal Feed Additives Market includes:

Part 01: Executive Summary

Part 02: Scope of the Animal Feed Additives Market Report

Part 03: Global Animal Feed Additives Market Landscape

Part 04: Global Animal Feed Additives Market Sizing

Part 05: Global Animal Feed Additives Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia Pacific: This region is expected to hold the largest share in the global animal feed additives market during the forecast period. China, the world's second-largest economy, is poised to reach a market size of US$ 4.4 billion in 2029, with a compound annual growth rate of 6.2%. Japan and Canada are also significant markets with forecasted growth rates of 3.4% and 4.2%, respectively.

North America: Anticipated to generate the highest CAGR in the global animal feed additives market, driven by high living standards. In the United States, the market is projected to reach US$ 2.8 billion by 2022, holding a 20.43% stake in the global market.

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 Product
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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